SOURCES SOUGHT
70 -- Financial Records Analytical Software
- Notice Date
- 8/23/2011
- Notice Type
- Sources Sought
- NAICS
- 511210
— Software Publishers
- Contracting Office
- Commodity Futures Trading Commission, Office of Financial Management-Procurement, Procurement Operations and Policy, Three Lafayette Centre, 1155 21st Street, N.W., Washington, District of Columbia, 20581
- ZIP Code
- 20581
- Solicitation Number
- CFIT-11-SO-0205
- Archive Date
- 9/21/2011
- Point of Contact
- Nicholas Graham, Phone: (202) 418-5191
- E-Mail Address
-
ngraham@cftc.gov
(ngraham@cftc.gov)
- Small Business Set-Aside
- N/A
- Description
- This Sources Sought Notice is for market research purposes only and shall not be construed as a Request for Proposal or an obligation on the part of the Commodity Futures Trading Commission (CFTC or the Commission) to acquire services. The Government may or may not issue solicitation documents. CFTC does not intend to award a contract on the basis of this Sources Sought, nor pay for the information provided. No entitlement to payment of direct or indirect costs or charges shall arise as a result of submission of responses to the Sources Sought and the Commission's use of such information. Background: CFTC often requires critical financial analysis of multiple bank accounts at multiple financial institutions covering multiple years of records. This work is necessary to identify the scope and amount of a fraud, trace money, identify assets, and determine damages. Currently CFTC staff receives paper copies of financial records which are manually data entered into various systems to allow for financial analysis to be performed. For years, CFTC has attempted to obtain this information in electronic form from financial institutions; however because of limitations in the data architecture and retention policies in place at those institutions, CFTC has been unsuccessful. Requirement: To improve financial analysis of these records, CFTC is seeking a software solution that includes the following features: The software should allow staff to scan paper records subpoenaed from financial institutions and perform automated analytics by parsing the information into a master case database. Once the data is populated into a master case database, the spreadsheet format would be used by staff to perform financial investigations or data could be exported for further use with other analytical tools, including Excel, Quicken and Quickbooks. Comprehensive data analysis functions could be performed on all records entered into the system including the following: • Integrated scanning, OCR, parsing and database functions to vastly improve data input efficiency. • Library of parser templates for worldwide financial institutions • Capacity to process bank statements, checks, wire transfers, deposits and withdrawals. • Capacity to reconcile accounts. • Generation of a missing document list indicating all documents that have not been received in accordance with the subpoena. • Money tracing and cash flow methodologies to follow flow of funds from sources to destinations. • Graphic visualization of account transactional behavior can automatically be displayed. • Chart and reporting functions showing the linkage between individual transactions, related accounts and related entities can be automatically displayed with associated information including flow of funds (i.e., who, what, when, where, how much and how many times). • Capacity to analyze and parse other types of paper records frequently data entered by staff including brokerage statements, phone records and express mail statements. Requested Information: Responses to this notice should include: (1) company name, address and point of contact, (2) a description of the relevant software you offer and a description of how it meets the specific capabilities listed above; and (3) client references to whom you provided these products within the past three years with points of contact. Responses to this notice must be submitted by email and received not later than September 6, 2011.
- Web Link
-
FBO.gov Permalink
(https://www.fbo.gov/spg/CFTC/OFMP/POP/CFIT-11-SO-0205/listing.html)
- Place of Performance
- Address: Washington, District of Columbia, 20581, United States
- Zip Code: 20581
- Zip Code: 20581
- Record
- SN02546230-W 20110825/110824000416-744c8ecf87eb757e9fbe497e2ea943a6 (fbodaily.com)
- Source
-
FedBizOpps Link to This Notice
(may not be valid after Archive Date)
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