Leading Gov’t Contractor CFO Talks about Software Selection Criteria

Sherry Craighill, the CFO at government services provider Higgins, Hermansen, Banikas, LLC (HHB), has selected, implemented, and managed many project accounting and financial management solutions for companies, non-profits and government contractors. We posed the following questions to her.
 
PVBS: Why are companies still using project accounting and financial management software solutions that do not meet their needs?
Sherry Craighill: There are [...]

Wash Tech Top 100 Contractors Posted

Washington Technology posted its annual Top Federal Contractors last week. The top ten usual suspects are listed below.

1

Lockheed Martin Corp.

$13,448,719,816

1

2

The Boeing Co.

$9,706,621,413

2

3

Northrop Grumman Corp.

$7,914,924,473

3

4

Raytheon Co.

$5,170,829,645

6

5

Science Applications International Corp.

$4,919,829,998

5

6

General Dynamics Corp.

$4,900,416,938

7

7

KBR Inc.

$4,130,649,651

4

8

L-3 Communications Corp.

$3,944,840,524

9

9

Computer Sciences Corp.

$3,670,742,772

11

10

EDS Corp.

$2,457,890,300

10

The Pentagon’s $1 Trillion Problem

Conde Nast Portfolio.com posted an eye-popping article by Scot Paltrow this month called The Pentagon’s $1 Trillion Problem.  While the government’s financial systems might be in disarray, at least government contractors have solutions available to them to make their business flow much more smoothly.
Says the article:
Since 2004, the Pentagon has spent roughly $16 billion annually to [...]