Contract Lifecycle Management (CLM) is a fully integrated procure-to-pay system. It provides automated and auditable processes from purchase requisition (PR) generation through solicitation to entitlement to payments. With an integrated view of finance, acquisition, and supply it facilitates the ultimate closeout of the award. It was designed with the intent to help government organizations to achieve business efficiency by transitioning from disconnected operations, characterized by stove-piped systems, to ones that are cost effective and executed in the fewest steps possible. CLM enables business process standardization, and because it is integrated with E-Business Suite Financials and Advanced Procurement, it has been designed with funds control and auditability in mind.
E-Business Suite Financials allow you to work smarter, increase efficiency and reduce back-office costs with standardized processes for shared services, productivity tools, and integrated performance management. Oracle Advanced Procurement is the integrated suite of applications that dramatically cut all supply management costs. Advanced Procurement reduces spending on goods and services, streamlines procure-to-pay processes, and drives policy compliance. CLM ties these together for a Public Sector Clients. The customer can use the appropriate modules as their business practices dictate.