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The REI web-based Contract Management solution reduces
the administrative burden associated with the contract process and helps organizations
streamline and monitor their contract management processes.
Benefits of the REI Contract Management Solution include:
- A unified view of contract
data from solicitation development to submissions, review & selection,
contract negotiations, contract award, and program management & evaluation.
- Ability to create contracts using a pre-defined processes,
standardized templates, and business rules
- Capability to access and analyze contracts effectively
from a centralized Web-based repository
- A configurable workflow to manage review and task assignment
activities
- Scalable to integrate with popular purchasing & financial
systems and data warehouses
- Real-time contract-based reporting to identify expiring
contracts, contract deliverables, and budget overruns
- Role based with a "Stay Informed" communication & notification
mechanism
- Comprehensive Data Reporting Tools
and cross-linkages between relevant data elements --- all customizable
based on user role
- Built in office productivity tools with capability
to generate reports in various formats like HTML, Excel, Text
REI's Contract Management solutions help organizations proactively
manage contracts from the beginning to the end of the contract
life-cycle. By improving visibility and productivity, organizations
can better mitigate risk, increase profitability, and improve
performance. REI's solutions yield significant benefits
for both commercial and government organizations, including:
- Increased accuracy and quality of solicitation with reduced
development time in the overall program cycle
- Solicitation available online resulting in cost savings
by avoiding printing and distribution of paper copies to prospective
firms
- Online submission by firms with built-in validation of
user inputs minimizing administrative rejects (six fold reduction
in number of administrative rejects)
- Proposal abstracts available online within 24 hours compared
to 2-3 weeks after in-processing resulting in assignment of reviewers
ahead of schedule
- Cost savings by firms in terms of printing and mailing
paper copies due to paperless submissions
- More than 30% reduction in time required for proposal
in-processing with savings of 20 person weeks in labor
- Time savings ranging from 3 days to 2 weeks in sorting,
distribution, tracking and storing proposals
- Complete proposals available to reviewers online after
in-processing resulting in savings of time and money
- Reduction in review cycle by a week. Customized reports
resulted in time savings of 1-2 weeks for evaluation committee
presentations
Want More Information? To learn more about Contract
Management, please click here to contact
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