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HomeMy WebLinkAboutItem 07 - Enterprise Sourcing ServicesMEMOTO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL FROM: BRUNO RUMBELOW, CITY MANAGER MEETING DATE: OCTOBER 2, 2018 SUBJECT: APPROVAL TO RENEW AN ANNUAL CONTRACT FOR ENTERPRISE SOURCING SERVICES RECOMMENDATION: City Council to consider the renewal of an annual contract for enterprise sourcing services with Ion Wave Technologies, Inc. for the Fiscal Services Department. FUNDING SOURCE: Funds for this purchase are available in account 100-44500-105-003 (IT License & Maintenance Fees) for an amount not to exceed $21,400. 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. This contract is with Ion Wave Technologies, Inc. for eProcurement and contract management services and if approved, this will be the second of four optional renewals available. Staff recommends approval. 30