The importance of cloud-based software that enables "Anywhere Operations" has increased substantially over the past two years. Organizations need to have the capability to operate in the office, at home, or on the go. Organizational operations need to be seamless and without disruption. Contract managers face decisions daily which cost organizations millions of dollars. These decisions are often made in good faith and with the right justification – but in many cases, due to a lack of awareness of the tools at their disposal, value for their company is lost.
According to PWC, organizations are losing up to 15% of value from their business through poor contract management. This does not have to be the case though. It is possible to avoid this result. With the right software solution in place, contracts are managed effectively and new opportunities become available for your organization. To make this possible, a contemporary contract management system is vital.
Efficient government contract lifecycle management is critical to ensure that goods and services are delivered as expected and engagements are profitable. Federal government contracts often have detailed terms and conditions that require strict contract oversight and administration. In many cases, the failure to adhere to these requirements can result in delayed payments, penalties, or even cancellation of the contract. And should any of these scenarios occur, it could prove to be problematic in winning another government contract.
In order to survive and thrive in such an unstable business environment, contractors must assure that their contract administration personnel and finance team work closely together to streamline their processes and present a common message to government program managers, contracting officers and auditors with whom they interact on behalf of the company.
JAMIS Prime ERP provides a single, secure, and unified source for collaboration, leading to success and profitability. Join us this month to find out more about how JAMIS Prime ERP can help your organization!
- Contract & Subcontract Management
- Integrated Project Billing & Invoicing
- Managing FAR Clauses
- Regulatory Compliance Features
- Contemporary Tools to Automate & Streamline Processes
- System Security