Aquilent Launches Epic E-Procurement Solution.E-Procurement Solution Built for Government Announced at the 2007 Federal Acquisition Conference and Exposition (FACE) LAUREL Laurel, cities, United States Laurel. 1 Town (1990 pop. 19,438), Prince Georges co., central Md., about halfway between Washington, D.C., and Baltimore; patented in the late 1600s, inc. 1870. , Md. -- Today at the 2007 Federal Acquisition Conference and Exposition (FACE), Aquilent announces the launch of Epic[TM] an innovative E-Procurement solution built for Government. Epic is the next generation of Aquilent's E-Procurement solution and has been proven in numerous Government implementations for over 5 years and 40 releases. Aquilent has a long history providing Federal Agencies with acquisition, procurement The fancy word for "purchasing." The procurement department within an organization manages all the major purchases. , and contracting solutions. One of Aquilent's marquee implementations of Epic is the Navy SeaPort, worth potentially $20 billion, one of the largest IDIQ IDIQ Indefinite Delivery, Indefinite Quantity (contracting/procurement) contracts in the Federal Government. DoD and Civilian procurement and program executives are faced with one of the most challenging environments in government history. Some of the most pressing challenges include workforce changes, budget constraints A Budget Constraint represents the combinations of goods and services that a consumer can purchase given current prices and his income. Consumer theory uses the concepts of a budget constraint and a preference ordering to analyze consumer choices. , and limited visibility into procurement data and metrics metrics Managed care A popular term for standards by which the quality of a product, service, or outcome of a particular form of Pt management is evaluated. See TQM. . Epic is designed to address these challenges with E-Procurement tools to support: procuring Procuring, in general, is the act of acquiring goods or services, usually by contract. It may refer to:
v. de·cen·tral·ized, de·cen·tral·iz·ing, de·cen·tral·iz·es v.tr. 1. To distribute the administrative functions or powers of (a central authority) among several local authorities. purchasing; promoting standard processes; increasing transparency; promoting competition; shortening procurement cycles; and sharing procurement best practices. Built for the Way Government Buys Aquilent built Epic in close collaboration with Government providing robust features necessary to support the way Government buys today. Capabilities include: * 100% paperless acquisition packages * Collaborative tools for all stakeholders Stakeholders All parties that have an interest, financial or otherwise, in a firm-stockholders, creditors, bondholders, employees, customers, management, the community, and the government. * Extensive support for MAC / IDIQ contracts * 100% paperless vendor communications * Electronic proposal submission * Electronic and collaborative bid evaluation * Robust data collection, auditing, dashboards, and reporting of key procurement metrics * Templates and best practices for 1102s * Integrated support for small business processes * Integrated Acquisition Environment (IAE IAE Institut d'Administration des Entreprises (France) IAE International Aero Engines IAE Impuesto de Actividades Económicas IAE In Any Event IAE Integrated Acquisition Environment IAE Inflatable Antenna Experiment ) and DoD Connection Kits Proven Benefits Epic has proven benefits demonstrated by implementations with large procurements that include unprecedented dollar amounts, significant transaction volumes and large numbers of government and industry users. The solution has helped agencies save time and reduce procurement action lead time (PALT PALT Pressure Altitude PALT Procurement Administrative Lead Time PALT Procurement Action Lead Time PALT Procurement Acquisition Lead Time PALT Purchase Administrative Leadtime PALT Package Alteration ) through web-based tools, real-time vendor communications, and turn-key implementation and management. The solution helps promote quality competition with increased transparency, greater small business participation, intelligent vendor management, and integrated performance and issue management. Customers have improved their use of funds for their agency and programs from the increased competition, integrated procurement best practices, streamlined processes, and Epic's cost effective implementation. As a result of these benefits Agencies can more effectively support their mission and put goods and services In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility (unless the "good" is a "bad"). It is often used when referring to a Goods and Services Tax. in the hands of programs and warfighters more quickly. Availability Epic is the most comprehensive and affordable E-Procurement solution available today. Aquilent offers rapid deployment, turn-key service and support options, and a First Solution Guarantee. More information about Epic can also be found at www.aquilent.com/Epic.html. Federal Acquisition Conference and Exposition Aquilent will provide information about Epic and brief demonstrations at FACE (June 19-20) in booth #53. About Aquilent Aquilent is an award-winning company founded over 25 years ago. The company provides innovative information technology and web-based solutions to Federal Agencies. Aquilent improves the quality and efficiency of service to citizens, employees, and businesses through a suite of solutions and services, including acquisition and finance solutions, agency web presence, compliance management, and enterprise content management. Additional information about Aquilent is available at www.aquilent.com. |
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