RFI#2025-HEC-FPA-FIN-01 - Financial Planning & Analysis (FP&A) tool

This RFI is for identifying suppliers who can provide an FP&A tool that is interactive and will allow HEC's program departments to complete their Budgeting, month-end actuals review, quarterly forecasting, without the need of using Excel spreadsheets.

Current stage of our FP&A tool
a. Reporting - Not widely used due to various reasons which will be discussed below
b. Budgeting – working stably; however, not flexible enough to meet HEC’s growing needs

Future state business requirements of an FP&A platform
a. Ideally cloud based to fit into HEC’s corporate objectives and to reduce IT infrastructure
costs and expenses and simplify connectivity among system
b. Easily connected to other systems and data can flow either ways
c. Versatile, can present dashboards, produce timely reports, and prepare budgets and
forecasts
d. Highly configurable
e. Easy to use for public end users and easy to monitor, maintain, and modify for admin
users
f. Modern technologies allowing effective collaboration