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- Oklahoma's State Regents approved up to $2,703,000 to procure and implement a cloud-based Scholarship and Grant Management System, with the vendor still to be determined. - The current scholarship and grant work is fragmented across aging spreadsheets, Access databases, email, and disconnected systems, limiting visibility and responsiveness. - The new unified platform is intended to consolidate the entire award lifecycle—application, eligibility, authorization, disbursement, and reconciliation—into one secure, auditable system. - The Regents also approved a $124,787.65 renewal of Ironclad contract management software, underscoring…

- The Finance Committee approved a proposal award for a Vendor Management System for Accounts Payable Vendors, with Director Conley suggesting a three-year contract. - The motion to approve the award carried 5-0, formally authorizing the purchase and moving the project forward. - The 2027 Finance Department budget lists Vendor Verification Software at $60,000 for 2026, with contract status in progress. - Implementation of the Vendor Verification Software is scheduled to begin in October, with an estimated duration of three months.