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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.
