Summary
Acquisition automation to initiate and execute steps to de-obligate excess contract funds.
De-obligations allow for the downward adjustment of previously incurred obligations. De-obligations may be appropriate when closing out contracts, terminating contracts, or during the performance of a contract as a result of a contract funds review that determines excess funds are available.
Topical Group
Periodic Table Type
Automation
Problems Solved
- Initiate and execute steps in the process to de-obligate excess contract funds
Benefits of Use
- Reduced labor time spent on manual tasks
- Reduced process/cycle time
- Increased compliance and audit readiness
- Reduced risk of overpayment
- Mitigates risks of losing funds to excess payments
Use Case and Documentation/Links
