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HomeMy WebLinkAboutItem 15 - Enterprise Sourcing ServicesMEMO TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL FROM: BRUNO RUMBELOW, CITY MANAGER MEETING DATE: OCTOBER 20, 2015 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 $20,538. BACKGROUND: The initial contract was awarded on November 1, 2011 to Ion Wave Technologies, Inc. for eProcurement services which were under $15,000. On August 15, 2013, staff purchased the annual contract management service which was also under $15,000. Beginning November 1, 2014 both contracts were combined into one annual contract. 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. 2:22:56 PM 10/15/2015