Here is why
1 – Government Compliance Has Unique Challenges - Government contractors must provide detailed cost information (direct, indirect, and overhead expenses) for each contract, project, and task, filter out unallowable expenses, and submit Incurred Cost Submission (ICS) reports. You face stressful audits, must comply to the FAR and CAS regulations (thick books), and risk penalties. All in order to satisfy the Defense Contract Audit Agency (DCAA) or other entity. A solid government contract cost accounting software system is essential.
2 – Systems for Government Contractors Are Not Created Equal – There are a few impressive software solutions tailored to government contractors but they usually lack:
- Flexibility to handle ad hoc and configured reports (e.g. ICS); ability to present financial statements the way you want them calculated, e.g. show YTD variance.
- Familiarity within IT and DCAA community so trained consultants can be easily found and auditors recognize a proven system.
- An expert implementing partner in GovCon and Project Accounting so the system is configured just the way you need it for optimum peace of mind.
- A partner willing to do a Prototype so that you can see the system meets your requirements before you actually purchase it. Most don’t let you “try before you buy.”
- Integration with Microsoft software you already use so there is seamless exporting to Excel, Word, and easy collaboration with SharePoint, etc.
3 – The Right Partner and Best System Combination Has Huge Advantages – There are strategic advantages to implementing a powerful, flexible system, like Microsoft Dynamics SL (which not only excels in ensuring compliance but sound
Synergy Business Solutions is the top Microsoft Dynamics SL and Gold ERP partner in the Western U.S. with deep government compliance and project accounting expertise. We know how to make the most out of Dynamics SL’s flexibility, are experts tying projects to financials to improve productivity, offer a Prototype, and have happy clients who attest to these facts. We are also a founding member of the
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by Synergy Business Solutions