New Capability Radically Facilitates Compliance with Federal Acquisition Regulation (FAR) Clause and Provision Requirements
(RIVERWOODS, ILL. September 21, 2011) – Wolters Kluwer Law & Business, a leading provider of research products and software solutions in key specialty areas for legal and business professionals announced the release of its newest Internet-based research and productivity tool for government contracts professionals: the CCH Expanded FAR Matrix Tool.
Designed to streamline the process of research and compliance tasks related to Federal Acquisition Regulation (FAR) Subpart 52.301, the Solicitation provisions and contract clauses (Matrix), ―”the CCH Expanded FAR Matrix Tool allows U.S. government contractors and contracting officers to exponentially reduce the amount of time and effort spent understanding, documenting, and reporting solicitation provisions, contract clauses, relevant agency supplements, and subcontract flow-down requirements,” explains Martin J. Herbert IV, Government Contracts Workflow Specialist at Wolters Kluwer Law & Business.
The CCH Expanded FAR Matrix Tool Provides Efficient and Effective Results
Based on current, reliable regulatory information and analysis from the Government Contracts editorial staff, the CCH Expanded FAR Matrix Tool uses Smart Chart™ technology to dynamically create complete tables of the FAR provision or clause elements that apply to your unique contract types and deliverables in just a few mouse clicks.
FAR Matrix Tool users simply click checkboxes to select any number of solicitation provisions or contract clauses from an organized outline of the FAR and then click ―”Next” to display a printable, savable, and exportable table of prescriptions, applicability, descriptions, reporting requirements, related agency supplements, amendments, and more—complete with links to full-text source documents and forms—for each selected item. Enhanced features of the CCH Expanded FAR Matrix Tool include:
- “Plain English” explanations of every FAR solicitation provision and contract clause
- Prescriptions stating when each provision or clause is used and when subcontract flow-down requirements are needed
- On-demand, easy-to-read charts of only the FAR (and related agency supplement) provisions and clauses of interest to you
- Useful links to archived provisions and clauses, applicable amendments by date, and associated agency supplements
- Export capabilities for contract documentation, compliance, and audit support
- Weekly updates to ensure compliance with current regulations
“Customers shown the FAR matrix tool have been impressed and agree that this tool will help them do their jobs faster than they are currently doing them. We plan to roll out a couple of related FAR matrix charts. For example, one tool will allow a user to chart those clauses associated with a specific deliverable or contract type. We have received a lot of great feedback and enhancement ideas from our customers which we plan to focus on over the next few months”, Herbert IV continues.
Information, Pricing, and Availability
For more information about the CCH Expanded FAR Matrix Tool, including a short video presentation of the product’s features and benefits, visit theFARmatrix.com.
One-year, single-user Internet-based subscriptions can be ordered online ($645) at theFARmatrix.com, from the Wolters Kluwer Law & Business store.wolterskluwerlb.com site, or by contacting your Wolters Kluwer Account Representative at 800-449-6435.
For discounted multiple-user, law firm, or school pricing options, please contact a Wolters Kluwer Account Representative at theFARmatrix.com/contact or 800-449-6435.
About Wolters Kluwer Law & Business
Wolters Kluwer Law & Business, a leading global provider of intelligent information and digital solutions, connects legal and business professionals in key practice areas, as well as educators and law students, to timely, authoritative content and specialized solutions that foster success by bolstering productivity, accuracy and mobility. Serving customers worldwide, Wolters Kluwer Law & Business’ portfolio includes products under the Aspen Publishers, CCH, Kluwer Law International, Loislaw, Best Case, ftwilliam.com and MediRegs names. Its products are regarded as trusted resources for general legal and practice-specific knowledge, compliance and risk management, leading edge workflow solutions, and expert commentary. Wolters Kluwer Law & Business, a unit of Wolters Kluwer, is based in New York, NY, and Riverwoods, IL. For more information, visit www.wolterskluwerlb.com.
About Wolters Kluwer
Wolters Kluwer is a market-leading global information services company. Professionals in the areas of legal, business, tax, accounting, finance, audit, risk, compliance, and healthcare rely on Wolters Kluwer’s leading information-enabled tools and software solutions to manage their business efficiently, deliver results to their clients, and succeed in an ever more dynamic world.
Wolters Kluwer had 2010 annual revenues of €3.6 billion, employs approximately 19,000 people worldwide, and maintains operations across Europe, North America, Asia Pacific, and Latin America, serving customers globally. Wolters Kluwer is headquartered in Alphen aan den Rijn, the Netherlands.
For more information, visit www.wolterskluwer.com