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HomeMy WebLinkAboutItem 11 - Enterprise Sourcing ServicesMEMO •: HONORABLE M` •' AND OF THE CITY COUNCIL FROM: BRUNO RUMBELOW,MANAGER MEETING DATE: OCTOBER 21, 2014 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. lug 111101110 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 $19,843.00. This contract combines our current eProcurement and contract management services. 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 recommends approval. LW/BS 1:55:20 PM 10/16/2014