Compusearch Launches Robotic App to Automate Federal Contract Closeout Process
DULLES, VA – July 19, 2018 - Compusearch, the market leader in software and services to advance commerce and collaboration among government agencies and contractors, announced today that it has launched an enterprise robotic App to automate the federal contract closeout process. This development extends Compusearch’s industry-leading technology with a new wave of cutting-edge solutions targeted at automating the government procurement lifecycle.
The reduction in time spent on the current manual process to closeout Federal contracts will enable acquisition offices and contracting officers to focus on other mission critical needs. In addition, automated closeout reduces tied-up financial obligations and improves accuracy of reporting. A typical federal agency has over 15 percent of its contracts unclosed, with nearly $300M in awards uncommitted - or not properly closed out.
“Each day, contract professionals are tasked with moving, monitoring, and managing the contract lifecycle. This new technology allows those professionals to gain weeks back each year by removing the monotonous steps required today,” said Reid Jackson, Compusearch CEO. “Given how critical closeout is to accurate financial tracking, we wanted to streamline the closeout process to ensure accuracy and timeliness, a historical challenge for many agencies. This app will finally allow agencies to reduce their backlog of contracts ready for closeout.”
The closeout App is released as part of a wave of Machine Learning robotic Apps Compusearch is launching this year.
About Compusearch Software Systems, Inc.
Compusearch® is the leading provider of software and insight that put federal program offices, acquisition experts, and contractors on the fastest path to success. Compusearch’s Insight Systems inform and accelerate better decisions, enable full regulatory compliance, and maximize productivity. Compusearch’s solutions constitute the American Cloud™ where federal agencies and programs work securely with their industry partners to best pursue their missions. Compusearch’s leading solutions include TopVue™ for program execution and deliverable support, Virtual Acquisition Office™ and PRISM® for federal acquisition lifecycle management, FedBid for federal sourcing, and SpectrumCLM® for Government Contractors’ contract lifecycle management (CLM) processes. Compusearch serves all 15 Cabinet-level agencies and over 120,000 governmental and government contractor users.
For more information, visit www.compusearch.com.