Oracle Federal Financials is a preconfigured version of Oracle Federal Financials that incorporates processes common to federal agencies. Using commercial off-the-shelf functionality as a baseline, IBC implements and maintains a preconfigured version of Oracle Federal Financials that incorporates processes common to federal agencies. The application is hosted in a shared environment. In addition to the integrated modules that make up the core financials solution, the preconfigured version supported by the IBC also includes a set of standard reports, which provides general data elements that are used by most federal agencies. Why Oracle Federal Financials? Coupled with a comprehensive service delivery strategy, IBC offers reliable systems and services to assist agencies in planning, implementing, and maintaining their financial and acquisition processes and systems. IBC’s solution integrates each agency’s financial and acquisition management business processes into the IBC Oracle Federal Financials R12 shared environment providing reduced costs, effective process execution, and efficient use of limited agency investment dollars. The enhanced approach uses the off-the-shelf functionality of Oracle as a baseline, fortified with a framework of IBC’s preconfigured federalized processes. Monitoring of federal financial management and systems policy ensures IBC’s model remains fully compliant—not only at implementation, but continually throughout the baseline’s life cycle. Oracle Federal Financials Modules Federal Administrator, Purchasing, iProcurement, Procurement Contracts, Accounts Payable, Project Costing and Billing, Assets, Receivables, and General Ledger. Contract Lifecycle Management Oracle Contract Lifecycle Management (CLM) is a commercial off-the-shelf acquisition solution designed to provide accurate and timely federal acquisition capabilities. For additional information, contact us. Already an IBC Client? Visit our IBC Customer Central for additional online resources.