EVM Solution with DecisionEdge Software

We are very excited about our partnership with DecisionEdge Software to bring government contractors a comprehensive but easy-to-use earned value management (EVM) solution. Government contractors need to have an EVM solution in place in order to comply with ANSI standard 748,  and most are looking for the easiest, least intrusive solution to meet compliance. We [...]

Cost Accounting Practice Changes – Why are They Important?

The following article was included in the August 2009 PVBS High-Growth Government Contractor News. Ken Bricker, partner at Goodman & Company, LLP, has worked in the government-contracting and acquisitions arena since 1975. He has extensive knowledge of the Federal Acquisition Regulations (FAR) and the Cost Accounting Standards (CAS). Ken frequently assists clients with regulatory issues [...]

The Many Complications that Will Arise from the ARRA for Government Contractors

The following article was submitted by Richard Marksberry, former Partner in the MidAtlantic practice of Tatum, LLC. During the last four years Mr. Marksberry has, as the CFO, led the selection and implementation of accounting systems for three federal contractors each with sales over $100 million annually.  He was recognized as one of the “Top [...]

Dynamics NAV Supports Recovery Act Reporting Requirements

 
On February 17, 2009, President Obama signed Public Law 111-5, the American Recovery and Reinvestment Act of 2009 (“Recovery Act”, “Stimulus Act”), which included a number of provisions to be implemented in Federal Government contracts.
 
Effective March 31, 2009, interim Federal Acquisition Regulation (FAR) 52.204-11 went into effect that implements this mandated clause.  This requires the [...]

CPA Tech Advisor Gives Dynamics NAV 5 Stars

In its annual review of mid-range accounting solutions, The CPA Technology Advisor gave Microsoft Dynamics NAV an overall 5-star rating. Dynamics NAV received a 5-star rating in all areas of the review, which were: Ease of Use/Transaction Entry, Modules & Notable Features, Integration/Import/Export, Reporting, Support/Training/Help, and Relative Value.
Some of the highlights from the evaluation were:
“Reporting [...]

Making New Reports Available on a Regular Basis

More than 300 standard reports are available to our customers as part of the solution. We’re constantly developing and adding new reports to our offering. Some standard reports include:

Project Funding Notification
Project Detail with Billing
Project Revenue Summary
Project Status Report
Labor Utilization by Employee
Labor Summary by Category
Labor Utilization Trend
Timesheet History
Missing Time Entry
Aged Project Receivable
Contract Billing Trend
Outstanding purchase order [...]

Giving remote managers real-time access to program information

Many of the COO’s and CFO’s at the government contractors we meet with are looking for more effective reporting solutions, particularly if the company has employees at remote offices. Historically, project leaders at government contractors have had to wait weeks to get critical reports. They bristled because they could not manage their projects as efficiently [...]

Microsoft Business Intelligence at the Desktop is for Everybody

The problem many of our government contractor customers face is that they are overwhelmed with data and have no easy way to organize it. We see it all the time. Even at small, fast growing government contractors, the accumulation of data is immense. This data comes from the financial management, ERP, CRM, and project management [...]