Contract Lifecycle Management for Public Sector

One thing Oracle never seems to get enough credit for is its consistent quest to improve its products, even the ones as established as its back-office solutions. Here is another example of one of the latest improvements: Contract Lifecycle Management for Public Sector, or CLM. The latest EBS module geared specifically for the Federal acquisition community.

Our existing customers have been asking Oracle for years to upgrade its Advanced Procurement Suite to meet the complex procurement processes of the Federal Government. You asked; we listened. Oracle, with direct input from Federal agencies, subject matter experts, integration partners, and the Federal acquisition community, has expanded and deepened its procurement suite to meet the unique demands of the Federal acquisition community.

New benefits/features include:

  • Contract Line Item/Sub-Line Item (CLIN/SLIN) structures
  • Configurable Document Numbering
  • Complex Pricing Contract Types ( as per FAR Part 16)
  • Option lines and exercising of options
  • Incremental Funding capability
  • Support for multiple document types (delivery orders, BPA call orders, awards, agreements, IDIQ contracts)
  • Requisition lines to fund modifications
  • Workload assignment and milestones
  • Contract Action Reporting to FPDS-NG

I’ve been conducting many tests over the past few months and have been quite impressed with the depth of features and the seamless integration to Federal Financials, specifically the funds control within the financials.

Again, thank you for reading. If you have suggestions for future posts, please leave them in the comments section and I’ll take it from there.

Comments:

Jeffery, do you know if this CLM Module has the ability for Contract Managers to update performance and/or complaince measures and scores to assist in reporting the 'health' of the contract? Look forward to hearing from you. Thanks, Rick

Posted by Richard Tobin on May 25, 2012 at 04:28 AM EDT #

Rick:

Yes. Included with the BI Applications, Procure and Spend Analytics, are dozens of performance measures (procurement effectiveness, po price and contract leakage, etc.) tracked against the document in CLM and APS. In addition to the pre-built metrics, one could add a number of organization-specific measures (e.g., unique compliance metrics, etc.).

I hope this helps. If you have more specific questions, post them here, or email me at jeffrey.waterman@oracle.com

-- Jeff

Posted by guest on May 25, 2012 at 03:51 PM EDT #

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About

The author, Jeff Waterman, has been with Oracle since 1996 in various roles, but always working to apply Oracle Application solutions assist the US Federal Government with fulfilling its mission to its citizens. Presently, he serves as a Master Principal Applications Sales Engineer within North America Public Sector.

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