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, Sep 21, 2010 (MARKETWIRE via COMTEX) -- ORACLE OPENWORLD --
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).

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SOURCE: Oracle Corporation


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