The City of Tucson has awarded a contract to DebtBook for the provision of debt and lease management software-as-a-service. The contract has a term of 4 years, with the option to renew for successive 12-month periods. The contract includes an initial implementation fee and recurring subscription fees. DebtBook will provide support services, including technical support and maintenance, to ensure the smooth operation of the software. The contract also includes provisions for confidentiality, intellectual property, and indemnification. Key aspects of the contract include the scope of work, payment terms, and termination clauses. The contract is governed by the laws of the State of Arizona. The City of Tucson will use the software to manage its debt and lease obligations, and DebtBook will provide training and support to ensure a successful implementation. Some of the key features of the software include:
• Debt and lease management
• Financial reporting and analytics
• Automated workflows and approvals
• Integration with existing financial systems
• Security and compliance features to protect sensitive data.