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.
To deliver on complex, project-driven commercial and government contracts, you need to proactively manage contractual obligations, ever-changing contract specifications, and complex relationships among customers, subcontractors, vendors, and your company. Fine-tune your contract operations with robust authoring of all types of contract documents, workflow-based contract management, advanced deliverable tracking, as well as comprehensive multi-source, multi-currency contract funding.
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