What the buyer needs
AI summaryThe buyer seeks an automated vendor screening solution to screen vendors against sanctions and regulatory watchlists. This solution must reduce manual efforts, enhance accuracy, and strengthen compliance. The solution must be system-agnostic, supporting current and future enterprise systems through configurable integration. It should screen vendor information in near real-time or through scheduled synchronization.
Scope of work
- Automated vendor sanctions, denied-party, and regulatory watchlist screening solution
- Initial vendor onboarding and ongoing scheduled or event-driven re-screening
- System-agnostic solution supporting real-time, near real-time, and batch processing
- Configurable integration mappings and bidirectional data exchange
- Retry and recovery mechanisms for failed transactions
- Match scores, false positive resolution workflows, and documented disposition
- Comprehensive, defensible audit trail of screening results and actions
Minimum qualifications
- Onshore (USA Organization Only)
- Provide a Service Organization Controls (SOC) 2 Type II report prior to the Agreement effective date
Documents to include with your response
- Any license, user agreement, or service level agreement to be incorporated
- Separate redacted attachment for any confidential material, clearly marked
- SOC 2 Type II report prior to the Agreement effective date
How to submit
- Method
- Electronic via University's eBid system
- Instructions
- Submit through University's eBid system completing all instructions and required fields; hard copy, fax, email, or verbal responses will be rejected.