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University of Iowa·Iowa

Accounts Payable Automation Services

Closes 11/2/2026$500k – $2MRequest for Information
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Description

The University of Iowa is issuing an RFI to gather information from qualified vendors that can provide outsourced Accounts Payable (AP) automation services, including invoice capture, data extraction, workflow routing, payment readiness, and integration with PeopleSoft Oracle. Respondents must detail company background, solution architecture, AI/ML capabilities, security/compliance, service levels, implementation approach, pricing models, and higher‑education experience. The RFI seeks to understand market capabilities, pricing structures, and performance metrics to shape a future formal RFP for a university‑wide AP outsourcing program. • Target audience: AP outsourcing vendors with experience in higher education and public sector. • Required deliverables: detailed capability statements, technology descriptions, integration experience, security certifications, SLA examples, implementation timelines, and pricing models. • Deadline for response: 2 Nov 2026. • Primary contact: Chandra Wojno (University of Iowa).

Attached files

The solicitation documents live at the source — open the bid source above to download them.

Contact

Chandra Wojno

[email protected]

(319) 335-0378

Key dates

Opened
9/25/2026
Closes
11/2/2026

Last updated

Details

Type
Request for Information
Industry
Consulting Services
NAICS
541512
Solicitation №
18362 Addendum 1

Budget estimate

$500,000 – $2,000,000

No explicit budget is disclosed. For a flagship public university, a comprehensive AP automation outsourcing contract typically ranges from $0.5 million to $2 million annually, depending on invoice volume, scope of AI features, and level of managed services. The estimate assumes 200,000‑500,000 invoices per year, tiered pricing, implementation fees, and ongoing support.

AI estimate from the solicitation

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