Title
Professional Services Agreement with SS&C Technologies, Inc. (Ordinance S-44604)
Description
Request to authorize the City Manager, or his designee, to enter into an agreement with SS&C Technologies, Inc. in the amount not to exceed $409,000 over the life of the contract. Further request authorization for the City Controller to disburse all funds related to this item.
Report
Summary
The vendor will provide professional services in relation to the upgrade, web-service hosting and continued annual maintenance of the Portia Investment System. The Finance Department uses the Portia Investment System as an essential control for safeguarding and managing its over $2.7 billion in investments. The current version is outdated and unsupported by the vendor.
In addition, the City's server is no longer supported by Microsoft and requires waivers from the Information Technology Services Department for the continued use of the current version of Portia. The upgraded version will eliminate the need for waivers, provide enhanced features and include vendor hosting.
This item has been reviewed and approved by the Information Technology Services Department.
Contract Term
This five-year agreement shall commence on or about May 1, 2018.
Financial Impact
The aggregate contract value shall not exceed $409,000.00. Funds are available in the Finance Department's budget.
Responsible Department
Responsible Department
This item is submitted by City Manager Ed Zuercher, the Chief Financial Officer and the Finance Department.