Oracle Contract Lifecycle Management for Public Sector
Transparency. Accountability. Efficiency. Value for money. These are the key principles of procurement in the public sector.
While the principles sound straightforward, contracting officers know how complex and cumbersome processes can be. Especially since current systems are fragmented and require manual effort throughout the source to settle process. Unfortunately, there were no commercially available software solutions that could help- until now.
Oracle Contract Lifecycle Management for Public Sector is the integrated acquisition management solution that transforms government procurement. It is a key component of Oracle E-Business Suite.
Standardize contract processes—create complaint contracts faster and reduce risk by implementing enterprise standards, policies that govern their use, and tools to allow flexible administration
Streamline the entire acquisition process—eliminate disparate processes, cut cycle time, and automate mandatory information exchange with Federal procurement systems
Enable intelligence-driven decision making—analytics deliver visibility and insight into acquisition programs, eSourcing identifies and exploits opportunities to optimize fiscal and social objectives, and workload management enables smarter procurement execution
Ensure accountability and transparency—creates readily available record of contracting actions, makes it easy to track results from public expenditures, and ensures that payment is commensurate with performance