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HomeMy WebLinkAboutItem 14 - Ion Wave Technologies MEMO TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL 2 FROM: BRUNO RUMBELOW, CITY MANAGER kol MEETING DATE: OCTOBER 18, 2016 SUBJECT: APPROVAL TO RENEW AN ANNUAL CONTRACT FOR ENTERPRISE SOURCING SERVICES RECOMMENDATION: City Council to consider approval for the renewal of an annual contract with Ion Wave Technologies, Inc. for enterprise sourcing services. FUNDING SOURCE: Funding for this purchase is available in account 100-44500-105-3 (General Fund/IT Software License & Maintenance Fees/Professional Services) in an annual amount of $20,800.00. BACKGROUND: The Ion Wave enterprise sourcing package automates the process of creating, issuing, awarding bids and managing contracts. By leveraging the system's libraries, templates, and importing capabilities, the procurement function benefits from increased speed, automated auditing, and the elimination of redundant data entry. It also increases vendor participation in the bid process. Staff has utilized Ion Wave Technologies for five years and is satisfied with their services. Staff recommends approval. BS