According to DFARS, there are 6 contractor systems subject to determination of adequacy. Three of which, the DCAA is responsible for auditing: Accounting, Cost Estimating, and Materials Management & Accounting System (MMAS). And the other three, the DCMA performs the reviews: Earned Value Management System [..Read More..]
The Future is Bright in the Cloud: 7 Things You Should Expect From Your ERP Software.
You cannot escape the responsibility of tomorrow by evading it today.” – Abraham Lincoln Expectations have become higher for the CFO and CIO positions within organizations, in particular when selecting ERP software that will become the foundation of the business. When the competition is armed [..Read More..]
Small Business Size Standards: Inflation Adjustment to Monetary Based Size Standards
On January 25, 2016, the Small Business Administration (“SBA”) finalized an interim rule which adjusts the monetary amounts used by small businesses to determine a company’s small business status. The interim final rule, which was originally issued on June 12, 2014, became effective on July [..Read More..]
The Importance of Internal Controls for Government Contractors
Effective internal controls are essential to the success of any organization. This is especially true for government contractors who operate in one of the most regulated industries in the world. No organization of any size can ensure compliance with their own policies much less comply [..Read More..]
The Pros and Cons Of Upgrading From Legacy Systems
Today we’ll explore what many organizations have to face at some point in their ERP system life cycle. And it can be a difficult decision, likely expensive, and disruptive to business. There is an old saying: “if it ain’t broke, don’t fix it”. And the [..Read More..]
How mobility has become disruptive in the government services space
International Data Corporation (IDC) states in its Worldwide Semiannual Mobility Spending Guide that enterprise and consumer spending on mobile devices, software, and services will have a compound annual growth rate (CAGR) of 2.7% from $1.66 trillion in 2015 to $1.85 trillion by 2019. And the [..Read More..]
Government Contracting Update and Trends for 2016
Doing business with the federal government can be challenging, and the environment is rapidly changing. After several years of sequestration, spending appears to be on the rise for the DOD (and most importantly, there is certainty in the budget for the next two years after [..Read More..]
Tips on How to Better Budget and Forecast for Government Contractors
Every business needs a detailed budget, but government contractors have some unique challenges they face, such as creating a budget for different types of costs and using this financial data to make bids that are low enough to win a contract and high enough to [..Read More..]
As a Government Contractor, are you able to track these Key Performance Indicators (KPIs)?
“Intelligence is the ability to adapt to change.” – Stephen Hawking Whether you’re a small or large business, there are certain critical performance metrics that allow managers and executives to manage and achieve results. And in order to navigate the complex waters of government contracting [..Read More..]
The defense sector returns to growth in 2016 and 2017, after years of sequestration
The President’s original budget for 2016 released in February 2015, provided $612 billion in discretionary funding for national defense (including enduring overseas contingency operations costs) – $26 billion (4.5%) above 2015 spending. And then after the threat of another government shutdown, the Bipartisan Budget Agreement [..Read More..]
