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.
If there’s anything the last 18 months has taught us, it’s that knowing the adaptability and capability of the systems that run government businesses is critical in navigating an uncertain environment. Adopting digitization by having reliable systems in place, particularly as a small business, can help firms confront evolving market conditions more quickly. Discover how the cloud played a pivotal role in keeping small government businesses afloat, and how it can help plan for future unknowns.
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.
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.
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