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.
INFINITY Conference Group needed support to formally transition from a professional services firm to intentionally focusing on government contracting. Generic solutions complicated and bogged down day-to-day operations and made meeting compliance mandates even more difficult. Discover how Deltek Costpoint elevated this woman-owned small business’ performance and made them more competitive in the marketspace.
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.
Diversification of client base and agency work is a growth strategy identified by many government contracting leaders as important next steps to stay competitive. Small businesses generally tend to struggle with being able to diversify effectively due to limited budgets, time and resources. But, there are ways of overcoming these challenges to expand their portfolios.
At some point, small government firms are faced with a daunting task – quickly scaling up their workforce to fulfill contract needs and requirements. It’s not unusual to grow from five full-time employees to 150 in 12 or 18 months in the government contracting space. What are important steps to consider that will set everyone up for success, current and future employees included?
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.
Small businesses made their voices heard in the 11th Annual Deltek Clarity Government Contracting Industry Study. With nearly half of all participants claiming small business status, they provided valuable insights into the trends and challenges affecting strategy and opportunity in the months and year to come. Review the five most impactful results that could help set your business apart.
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?
Retaining talent in order to maintain growth momentum is a major struggle for small business graduates. Learn how human resources leaders are getting creative with their incentive compensation plans, and how to uncomplicated the complexities.
- Business Development
- Business Infrastructure
- Contract Management
- Cost Management
- Costs and Expenses
- Deltek Clarity
- Deltek Costpoint
- Deltek Insight
- Deltek News
- Earned Value Management
- Enterprise Resource Planning
- Financial Management
- Firm Management
- Government Contracting
- Human Capital Management
- Industry Analysis
- KPIs and Analytics
- Project and Portfolio Management
- Project Management
- Resource Planning
- Risk Analysis
- Scheduling and Planning
- Small Business
- Talent Management
- Time and Expense Management