CACI and Oracle announced today that the two companies have entered into an agreement to jointly develop a Contract Lifecycle Management solution that helps federal organizations author, execute, and manage procurement contracts in compliance with the Federal Acquisition Regulation (FAR), Defense Federal Acquisition Regulation Supplement (DFARS), and other agency supplements. CACI will provide subject matter expertise gained from years of experience designing and implementing contract management systems for the Department of Defense and federal civilian agencies to help Oracle enhance the functionality of its commercial-off-the-shelf (COTS) Oracle(R) E-Business Suite. This functionality is expected to support both simplified and complex acquisitions and be integrated with Oracle's procurement and financial management applications to provide a complete procure-to-pay process that meets government compliance mandates and transforms federal contract management.
Oracle Contract Lifecycle Management is an enterprise solution that helps create and enforce better contracts by enabling standardized contract processes, reduced time-to-contract, and contract compliance. The solution builds on existing procurement and contract lifecycle management functionality within Oracle E-Business Suite, providing capabilities to help significantly cut supply management costs for federal customers by integrating requisitioning, sourcing, purchasing, and supplier collaboration with business intelligence. It provides contract professionals with capabilities to author, approve, sign, monitor, track, modify, renew, and close out contracts.
CACI will leverage its experience gained from over 30 years in the federal procurement space to transition the current user community from existing solutions to Oracle's enhanced contract management offering. CACI's depth and breadth of capabilities stem from the development and implementation of widely used acquisition systems and contracting operations that encompass the full spectrum of procurement, ranging from shopping cart buys to complex acquisition management. In addition, the company works with federal customers as a systems integrator to achieve consolidation of acquisition, financial, and other business systems into enterprise resource planning (ERP)-centric models through its broad-based implementation services. The company also specializes in the development and delivery of end-user training programs that integrate agency procurement business processes with automated acquisition applications.
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