Government Contracting

In the government contracting space, many companies will spend up to 40% or 50% of their costs procuring goods and services. They are often dealing with multiple subcontractors, material suppliers, and numerous methods of communication, making it a complicated process to navigate. Read this blog to find out how Costpoint can help you simplify the source to pay cycle in three key ways.

Project delivery and effective risk management were showing signs of setback even before the onset of COVID-19. Nearly half of surveyed leadership cited accurate project cost forecasting as a major struggle affecting profitability and revenue potential. The 11^th Annual Deltek Clarity Government Contracting Industry Study captures the challenges at hand for many project and risk management leaders and where they plan to make investments to keep current and future work on track.

Evaluating the capacity of internal systems generally isn’t the number one to-do item for government contractors while managing a period of dynamic growth. Often times it’s not number two or even number 10. However, if a firm is relying on generic, mass-market solutions, such as QuickBooks®, for accounting and overall business management, as workloads increase, likely so do the problems. The time to pop the hood and review how a solution is truly performing is now before the first “check engine” light comes on.

Generic, out-of-the-box solutions, like QuickBooks^®, are a common place to start for many small businesses managing government contracts. Though these solutions can hold small government contracting firms together initially, in the long run, vulnerabilities inevitably emerge that can put government contractors at significant risk. Specifically, what are the top accounting challenges that can impact a small firm’s day-to-day, and what are the answers they need to help keep the government as their client?

The 10th Annual Deltek Clarity Government Contracting Industry Study gave a peek behind the project and risk management curtain to better understand how overall project health is up for government businesses, and why forecast accuracy and project timing and budgeting are still problematic.

Manufacturing improvements always start in the same place… with data. Discover the information manufacturing execution systems (MES) gather and analyze to expose and correct inefficiencies, improve margins and better decision making.

What happens when a Manufacturing Execution System (MES) and inventory system achieve synergy? The flow of materials and all of the information surrounding them becomes more transparent and seamless.

When it comes to production quality management for complex products, here are the territories covered by Manufacturing Execution Systems (MES) and the factors considered in the rework versus scrap decision.

Let’s face it, the procurement process can be unpredictable. Just when it seems everything is in place, a supplier misses a deadline. Discover how procurement software can increase visibility and efficiency to minimize missteps.

Catch a glimpse of how a Manufacturing Execution System (MES) can work with ERP to centralize project resource and requirement information, improve tracking and provide new levels of project detail.