SOURCE: Oracle Corporation

Oracle Corporation

September 21, 2010 11:11 ET

Oracle Unveils Oracle Contract Lifecycle Management for Public Sector

Co-Development Agreement With CACI Delivers Automated Procurement Contract Processes for Public Sector Organizations

SAN FRANCISCO, CA--(Marketwire - September 21, 2010) - ORACLE OPENWORLD -- Oracle (NASDAQ: ORCL)

News Facts

  • To help public sector organizations author, execute and manage both routine and complex procurement contracts, Oracle today announced the availability of Oracle Contract Lifecycle Management for Public Sector, developed in co-operation with CACI.
  • By providing complete end-to-end acquisition and contract writing capabilities, Oracle Contract Lifecycle Management for Public Sector enables organizations to audit all categories of government spending by increasing transparency and providing clear accountability.
  • Oracle Contract Lifecycle Management for Public Sector builds on the advanced procurement capabilities within the Oracle E-Business Suite 12.1 and is fully integrated with Oracle Federal Financials. Oracle Contract Lifecycle Management for Public Sector delivers clear visibility into procurement contracts helping to achieve compliance with federal mandates such as the Federal Acquisition Regulation (FAR) and the Defense Federal Acquisition Regulation Supplement (DFARS).
  • Enhancing familiarity and ease of use, Oracle Contract Lifecycle Management for Public Sector also has built in federal nomenclature and supports government application environments including FedBizOpps, Central Contractor Repository and Federal Procurement Data System-Next Generation. 
  • Using Oracle Contract Lifecycle Management for Public Sector, organizations can enhance the performance of their procurement departments by automating processes, enhancing compliance and providing increased visibility and intelligence of their enterprise spend.
  • Oracle Contract Lifecycle Management for Public Sector provides extensive workflow, automation and approval capabilities that can help streamline daily operations in public sector contracting organizations.
  • Using Oracle Contract Lifecycle Management for Public Sector, contracting organizations can further reduce workloads and streamline solicitations through on-line supplier collaboration.
  • CACI, a Gold level member in the Oracle PartnerNetwork, has over 30 years of deep domain expertise developing and implementing procurement and contract management systems. The company worked closely with Oracle to develop Oracle Contract Lifecycle Management for Public Sector and is Oracle's preferred provider of implementation services for this product. (See today's corresponding press release from CACI, "CACI and Oracle Deliver Solution and Services to Improve Federal Contract Management")

Integrated Environment for Processing Routine and Complex Procurement Contracts

  • Oracle Contract Lifecycle Management for Public Sector helps public sector organizations improve compliance, increase efficiency and reduce costs by providing an integrated environment for processing both routine and complex procurement contacts.
  • Compliance is facilitated through a streamlined contracting process that:
    • Brings together acquisition and financial capabilities on an integrated enterprise resource planning (ERP) platform.
    • Supports changes to policies and regulations through a configurable and extensible framework.
    • Provides out-of-the-box integrations with Integrated Acquisition Environment (IAE) Systems.
  • Contracting efficiency is enhanced through a fully automated end-to-end federal procurement system that can:
    • Manage public sector requisitions, solicitations, offers, awards and Indefinite Delivery Vehicles (IDVs), while providing comprehensive change management support.
    • Reduce contracting and disbursement cycle time by supporting financial, logistics and acquisition business processes in a single environment.
    • Improve productivity by combining federal business processes with commercial best practices available in the Oracle Advanced Procurement Suite of applications.
  • An integrated environment is designed to reduce costs and enables strategic decision making by:
    • Reducing the cost and complexity of managing multiple disparate systems.
    • Providing strong business intelligence capabilities that enhance strategic decision making.
    • Delivering a single source of data that allows transactional traceability, audibility and eliminates data transformation and reconciliation needs.

Supporting Quotes

  • "To help achieve compliance, increase efficiency and reduce costs, public sector organizations need a more streamlined and integrated way to manage routine and complex government contracts," said Nagaraj Srinivasan, vice president, Oracle Supply Chain Applications. "Oracle Contract Lifecycle Management for Public Sector delivers this by helping our customers manage contracts from start to end and meet all their obligations, milestones and federal compliance requirements. This not only helps save costs, but can also provide significant performance improvements."
  • "Oracle Contract Lifecycle Management for Public Sector is a direct result of our depth of experience in the federal market and our close collaboration with Oracle," said Bill Compton, senior vice president, CACI. "Working closely together, we have been able to enhance the already impressive procurement and contract lifecycle management functionality within the Oracle E-Business Suite. The result is an end-to-end contract management solution that gives our customers improved control over the contract process through improved visibility and accountability."

General Availability

  • Oracle Contract Lifecycle Management for Public Sector is currently available as part of the Oracle E-Business Suite Release 12.1.3.

Supporting Resources

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