CACI (NYSE: CACI) and Oracle (NASDAQ: ORCL) have rolled out Oracle Contract Lifecycle Management for Public Sector.
The new product “helps federal organizations create and manage contracts by standardizing business processes, reducing time-to-contract, and increasing compliance.”
To make the two-year project a success, CACI offered subject-matter expertise to assist Oracle in making the commercial off-the-shelf (COTS) Oracle E-Business Suite as enhanced and functional as possible.
“In working with our government customers over the years, it became apparent that there was a need to combine functionality for routine and complex contracting into a single system and have it integrated with financial applications for a complete procure-to pay solution that does not require manual interventions, ” said Mark Johnson, SVP, Public Sector Sales, Oracle. “With Oracle Contract Lifecycle Management for Public Sector, our customers now have a solution that accomplishes this while helping customers meet federal compliance mandates, especially for the complex contract management needs related to major acquisitions. We look forward to working with CACI, our preferred provider of implementation services for this product, to deliver this solution to our customers.”
CACI was happy to play a part in bringing such crucial value to the customer.
“CACI provides federal agencies with information technology solutions that are built on industry best practices and proven expertise in the business of government, ” said Gil Guarino, EVP at CACI. “Our agreement with Oracle leverages CACI’s deep functional domain expertise to produce a best-in-class contract management solution that enables users to reduce cost, improve productivity, and achieve organizational goals with a positive impact on the way an enterprise does business. Oracle Contract Lifecycle Management for Public Sector implemented by CACI really represents a total solution for the customer. By combining a full-featured, enterprise contract management system with a federal integrator that has pre-built content and knows how to implement acquisition systems, we will bring real value and a total solution to our customers.”