Government contractors have complex and unique processes for project and financial accounting. Billing, revenue recognition, expense management, and compliance require laser focus and discipline in order to comply with federal procurement requirements and cycles. But that's only one side of the equation. Government contractors also need to build and manage project budgets down to the penny to maximize already thin margins and satisfy audits. In addition, pressure to respond quickly to dynamic conditions and priorities translates into the need for a flexible procurement process.

Deltek offers financial management solutions specifically designed to address the challenging financial accounting, budgeting, and planning and procurement requirements of government contractors. Now you can automate project and financial accounting to drive profitability, centralize budgeting and planning to put an end to spreadsheet chaos, and streamline your procurement process.

Deltek's financial management solutions enable government contractors to:

Drive Profitability:

• Automate complex financial processes to shorten billing cycles and comply with contract terms
• Gain accurate, up-to-date project billing information to mitigate risks
• Improve forecasting and budgeting to optimize profitability

Increase Budgeting and Planning Accuracy:

• Enforce consistency and accountability by streamlining access to accurate information
• Get a comprehensive view of budgeting, planning, forecasting and reporting
• Combine project level and organizational planning to end spreadsheet chaos

Optimize Materials Management:

• Centralize access to accounting and operations information to streamline procurement
• Automate the requisition process from inception to inspection