DX360°® Contract Portfolio Optimizer app offers a user-friendly and configurable tool for public sector agencies to manage and view contract data, providing a central location for active contract information. It captures key data such as Period of Performance (with optional periods and line items), Ceiling, Obligations, Expenditures and Modifications. The app simplifies contract management through financial and performance transparency via easy-to-understand dashboards, reducing the risk of costly contract gaps and support lapses. The captured data is made easily accessible to increase financial transparency.
Key Features
Comprehensive View of all Contract Data, including funding needs, award details, option periods, modifications, invoices, funding vs. expenditures, contract burn status, vendor performance, and obligation heal enables CORs and financial managers to make better decisions, manage contractors more effectively, and increase financial transparency.
Access a Full Portfolio Summary of all contracts and a drill-down for a detailed view of each contract.
Contract Creation and Comprehensive Management of contract details, obligations and expenditure, and modification with minimal clicks, saving time and increasing efficiency.
Audit History of changes to the contract data to support the traceability and integrity of all contract-related data and quick resolution of any discrepancies.
Configurable Notifications and Alerts to facilitate proactive acquisition planning for option exercise, recompete planning, and other contract management activities.
Customizable Approval Workflows tailored to your business rules with necessary security as well as checks and balances built into the approval process.
Document Repository to maintain secure role-based access to all contract information in a single location.
Obligation Distribution Tracking enables Financial Managers to easily track the distribution of funds that have been obligated to a specific contract, better manage their budget, and reduce the risk of over-obligating funds.
Contract Invoice Tracking to ensure the efficiency and accuracy of contract invoice records.
Benefits
Increased Productivity
A single source of truth with common views of status, contract details, and notifications across all users allows for increased productivity among employees who no longer have to monitor and remember numerous important dates.
Increased Employee Engagement
Customizable workflows, approvals, and notifications enable trust and participation through allowing transparency across organizations.
Improved Responsiveness
Reminders and alerts via email support enable organizational responsiveness, and proactive action on important financial decisions related to contracts.
Improved Business Continuity and Reduced Program Risk
Contract financial data is now kept in a secure and accessible app. Creating a single source of truth reduces the risk of a lapse in service due to contract or period of performance expiration.
NetImpact Contract Portfolio Management
The NetImpact Contract Portfolio Manager provides Federal agencies with a user-friendly, configurable tool built to capture the entire portfolio of a program’s contracts, including Contract Period of Performance (with optional periods and line items), Contract Ceiling, Contract Obligations, Contract Expenditures, and configurable notifications for period of performance and contract end dates, obligation and ceiling alerts.
Release 1.0.1
No additional ServiceNow subscriptions required