Call for better contract management

The US Treasury Department's inspector-general for tax administration (TIGTA) has called for the Internal Revenue Service (IRS) to increase the effectiveness of its contract management, reports Web CPA.

The department says the IRS needs to improve management oversight and training of less experienced contracting officer's technical representatives (COTRs).

The IRS disagreed with TIGTA's recommendation to amend employee evaluations to include contract management responsibilities for COTRs, citing technical difficulties in revising annual employee evaluation documents.

Contract life cycle management software and services company, I-many, has appointed Brian Sterrett as vice-president of global channels and partners, states Earth Times.

Sterrett will be responsible for growing I-many's worldwide channel revenue and managing the company's strategic alliances.

Prior to joining I-many, Sterrett was vice-president of worldwide channels and partners at Lawson Software, a global ERP software company.

TrakSoft, a software company, has released Contract Analyst, a contract management system which features an e-mail alert system, says PR Web.

Gary Harris, TrakSoft director and chief developer, says: "With the new enhanced e-mail alert capabilities, users can now set customised e-mail alerts on virtually any field within Contract Analyst.”

The solution provides benefits to an organisation such as simplifying contract management processes, identifying and reducing risks, and improving the accuracy of contract information and reporting.