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IRS Develops Digital Dashboard to Predict Dates When Contracts Will Be Put In Place

It’s one part of a larger initiative in the IRS Procurement Office to promote data-driven decision-making. ....

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IRS announces use of Projected Contract Award Date web app that predicts when contracts will be signed

IR-2021-102, May 5, 2021
WASHINGTON The Internal Revenue Service s Office of the Chief Procurement Officer today announced the successful development of a web app called Projected Contract Award Date. The interactive forecast dashboard statistically predicts when contracts will be signed.
This effort is a new trend in contract management that adjusts our business processes based on timing factors in the government contracting process, using cutting-edge data science technologies, said Shanna Webbers, IRS Chief Procurement Officer. The web app will help us shorten the lead time in awards and save valuable time for our procurement staff as well as help contractors.
The IRS has $2.5 billion in contracts a year. When will a contract be signed? is a key question for the IRS and generally for the federal government. This tool gives insight about when each request is likely to turn into a contract. The tool provides a technique other federal agencies can implement, pot ....

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Northern Trust Enhances Solutions for Middle East Clients with Sunday to Friday Investment Performance Valuations

Press release content from Business Wire. The AP news staff was not involved in its creation.
Northern Trust Enhances Solutions for Middle East Clients with Sunday to Friday Investment Performance Valuations
February 17, 2021 GMT
Northern Trust (Nasdaq: NTRS) today announced it has evolved its
Investment Performance reporting
The latest development from Northern Trust’s
Investment Risk and Analytical Services (IRAS) group enables Middle East-specific performance analytics to be reported with greater depth of analytics and timeliness for local markets.
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The enhancement enables Sunday returns to be calculated for Middle East markets and portfolios – delivering information that is increasingly timely and representative of regional clients’ investment portfolios. Northern Trust can also provide clients with two separate ‘views’ of their performance – for both the Middle Eastern and global working weeks – for heightened over ....

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