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MRC's BLIS business inventory management service creates and maintains a comprehensive and valid inventory of current businesses operating within the City's boundaries. The inventory is created by combining MRC's geobased data integration technology, which extracts relevant business data from a large variety of data sources (including the City's existing business license records), and physical canvassing of the City which captures those firms that elude electronic data sources. The combined data is corrected, standardized and enhanced (e.g. business name, address, SIC code) and formatted according to FTB requirements. Each month the data is updated and delivered to the FIB and the City. The business inventory provided to the City is placed on a personal computer designated by the City and is accessible through MRC's proprietary compliance software. The optional BLIS business license administration service provides the City with MRC's proprietary business license administration software. This service greatly increases the efficiency of the registration, renewal, billing, collection, data entry and overall administration of a city's business license operation. It is adaptable to existing business license forms, is compatible with all standard accounting packages and can operate through most computer systems or platforms. BLIS is eligible for State reimbursement. 2. OBJECTIVES MRC's BLIS is designed to assist the City achieve the following objectives: 0 Build and Maintain an Accurate Business Inventory 0 Produce State-Mandated Business Tax Information that Qualifies for State Reimbursement 0 Increase License Registration and Renewal Efficiency (optional service) 0 Reduce Data Entry Errors, Processing Time and Costs (optional service) 2 _.