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HomeMy WebLinkAboutItem 10 - Enterprise Sourcing Services MEMO TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL FROM: BRUNO RUMBELOW, CITY MANAGER MEETING DATE: OCTOBER 3, 2017 SUBJECT: APPROVAL TO RENEW AN ANNUAL CONTRACT FOR ENTERPRISE SOURCING SERVICES RECOMMENDATION: City Council to consider approval for the renewal of an annual contract for enterprise sourcing services with Ion Wave Technologies, Inc. FUNDING SOURCE: Funding for this purchase is available in account 100-44500-105-3 (General Fund/IT Software License and Maintenance Fees/Professional Services) in an annual amount of $21,100.00. 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. This contract is with Ion Wave Technologies, Inc. for eProcurement and Contract Management services and if approved, this will be the first of four optional renewals available. Staff recommends approval. BS