Oracle E-Business Suite Contract Lifecycle Management for Public Sector vs Oracle E-Business Suite Procurement Contracts comparison

Contract Lifecycle Management (CLM) is a fully integrated procure-to-pay system. It provides automated and auditable processes from 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 an integrated with E-Business Suite Financials and Advanced Procurement and is designed with funds control and auditability in mind.

Oracle Procurement Contracts is the enterprise application that creates and enforces better purchasing contracts. It is a key component of Oracle Advanced Procurement, the integrated suite that dramatically cuts all supply management costs. Despite the importance of contracts governing supplier relationships and the huge sums of money involved, the process of managing contracts is error-prone and lacks meaningful controls. Unfortunately, without proper oversight, contract negotiations can be lengthy and unpredictable and the resulting contracts can expose an organization to risk.