New Bid Opportunity For MBEs From The Michigan Minority Supplier Development Council – Due 8/28/17

Global Treasury Management 

Request for Proposal 

 

Reason for RFP: 

Require a banking partner to provide personalized and innovative customer service to the Council equivalent to the $24 million organization that the banking partner will help the Council become. This includes the following:

  1. a) Streamlining treasury management to increase monthly cash flow by 20{79a647cca87b12cf96891231d015f720afa7c77d4a1b5a84763cbac83075a421} including timely response to banking transaction requests and consolidating majority of banking and investment accounts and all payment processing options
  2. b) Providing advice related to treasury management operations and investments
  3. c) Maximizing investment income
  4. d) Seizing opportunities to take advantage of market gains through portfolio rebalancing while preserving investment portfolio to support Council operations
  5. e) Minimizing investment management fees and payment processing fees without sacrificing quality of customer service or investment performance
  6. f) Assisting with connectivity of banking technology platform with new accounting software package when selected

Please note that the investment policy is under review. The prospective bank will be expected to offer guidance if it is awarded the contract and to follow out the policy set forth by the Council’s Investment Committee.

 

 

Response Guidelines 

1. Due date for the RFP response: August 28, 2017 

2. Time Frame for Decision: By September 11, 2017 

3. Notification of Decision: By September 18, 2017 

4. All responses to be submitted to: Sakija Wilkinson, MMSDC Customer Service Coordinator, 313.262.7572, 100 River Place Drive, Suite 300, Detroit, MI 48207, [email protected].

5. Completed RFP should be submitted via email.

6. The business will be awarded to a single bidder.

 

VIEW FULL PROPOSAL PACKET 

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