A great place to engage with industry experts and stay up to date on insights, technology trends and best practices to succeed in government contracting.
More effectively managing payroll isn’t usually on the short list of important considerations for small government businesses on the growth fast track. Discover why prioritizing the payroll process can be a vital contributor to improving business function, and the three ways Deltek Costpoint can make it easy.
Finance & Compliance Leaders Expect Revenue to Grow Even Though Clarity Government Contracting Results Show Problematic Profitability
Though 2020 seemed to harken back to the days of sequestration in 2014, with government businesses reporting a 10% decline in profitability, other finance and financial compliance results from the 12th Annual Deltek Clarity Government Contracting Industry Study are much more optimistic. For instance, the record federal spending during the year has leaders expecting revenues to increase. Go in depth with Deltek experts as they review the metrics and benchmarks.
The first thought that growing government contracting businesses have as they compete for new opportunities is likely not about the capabilities and capacity of their generic finance, accounting solution. But, as contracts grow more complicated and compliance requirements narrow, how day-to-day operations function becomes increasingly important. Learn to spot the indicators it may be time to consider a more comprehensive, purpose-built enterprise resource planning (ERP) solution.
Experience the decision-making journey of Azimuth Corporation. Discover how a network of generic solutions began to hinder growth for the small government contractor, and why Deltek Costpoint was the solution of choice to fulfill all of their accounting, timekeeping and invoicing needs; equipping them to level up their business.
A sharp contrast exists between the skills necessary for managing time and materials contracts versus their cost type counterparts. Partner expert Aronson LLC details what exactly a “cost” is and the finesse needed to navigate the requirements and obligations attached to cost type contracts.
Contracts that contain cost accounting standards (CAS) come with their own unique challenges. Sometimes there are exemptions. Sometimes they are modified rather than full coverage. All of it making preparing to meet the requirements that much more tricky. Learn the common concerns, questions and best practices for monitoring CAS applicability and the expectations government businesses will need to address.
Growth & Profitability Prompts Small Government Business' Move from Generic Accounting Solution to Costpoint
President and founder of Adaptic LLC – a small government business providing end-to-end systems engineering and analytic expertise for system enhancement – revisits the evaluation process that took his company from using a network of generic solutions for accounting, payroll and retirement management, to selecting Deltek Costpoint to support the evolution and expansion of his business.
A major deadline for the Paycheck Protection Program (PPP) is approaching and many government contractors are wrestling with more questions than answers about first and second draw loans, applying for forgiveness and all the implications for their business. Deltek partner expert Baker Tilly reviews top questions and important resources to help navigate what’s next.
Look back at some of Deltek’s most reviewed posts of 2020. Everything from reviewing the Cybersecurity Maturity Model Certification (CMMC) rules of engagement, FAR and CAS basics, the debut of Costpoint 8, and day-to-day pain points pressuring government businesses is covered.
Preparing for a merger or acquisition for a government contractor often begins long before an offer is on the table. It actually starts when solutions and systems are selected to help run a business’ day-to-day operations. Learn how good investments can turn into great rewards for overall company value.
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