“All men can see these tactics whereby I conquer, but what none can see is the strategy out of which victory is evolved.” – Sun Tzu
Efficient contract management processes are 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.
According to the Annual Government Survey by Grant Thornton: “For a variety of reasons, the government contracting environment can be very challenging for private companies even in the best of times. In order to survive and thrive in such an unstable business environment, contractors must assure that their project management and contract administration personnel work closely together and present a common message to the government program managers, contracting officers and auditors with whom they interact on behalf of the company. The effectiveness of a contractor’s project management and contract administration functions can have a significant impact on a company’s profitability. This is always very important but even more so in situations where the competition for a contract is highly price sensitive and bid prices are low. Indeed, it is our experience that the amount of profit on a government contract is more often determined through the approach to contract administration than from efficient contract performance.” (Read the full write up here.)
JAMIS Prime ERP provides a single unified source for collaboration, leading to success and profitability. This powerful tool will enable more people to manage all of the details of each unique government contract within the same integrated application, controlling permissions and access rights of users, eliminating islands of information and spreadsheets, and making it possible for the entire workforce to stay on the same page. JAMIS Prime process and content management solutions streamline all stages of contract management and billing with instant access to documents and information, powerful collaboration tools, and the ability to automatically assign and track activities. There is no better business management tool for contract planning, performance, modifications, and cost monitoring available on the market.
According to JAMIS customer, J&J Worldwide Services: “Since the implementation (of JAMIS Prime ERP), our processes and procedures have been significantly simplified. The need to re-enter data has been eliminated and now the organization has access to insightful real-time data.” (Read the full press release here.)
To find out more about how JAMIS Prime ERP can help your organization, contact us today at email@example.com. Or alternatively, you can get sneak peak at the application in our next webinar presentation on October 5, 2016 by registering here.