A Services and Manufacturing Government Contracting solution supporting FAR, CAS and DCAA compliance
The RSM GovCon product leverages the power of the Microsoft Dynamics 365 modern cloud platform to provide government contractors with a full-service ERP solution that will support a Defense Contract Audit Agency (DCAA) audit and comply with Federal Acquisition Regulations (FAR) and Cost Accounting Standards (CAS).
With more than 800 Government contracting clients nationwide, our team specializes in your technology business solutions needs. Our experience and knowledge will help you improve the flow of information and manage your financial accounting needs.
Government Contractors can experience immediate growth when awarded new contracts. This kind of spike can affect productivity and make reporting more challenging. Without the right software solutions, this bottleneck can hurt organizations in many areas. To improve operations, businesses must utilize process enhancements, technology and software. Organizations focused on enhancing performance, tend to have faster and more efficient access to information, therefore, maximizing value to customers by offering a higher level of service.
- The complexities of cost allocations - RSM GovCon uses project account groups to override general ledger accounts assigned to general project categories and allows users to specify which accounts the project will post to depending on the type of project.
- Government contracting regulations - RSM GovCon easily distinguishes between the different types of contracts awarded, allowing users to utilize Dynamics’ ability to incorporate high level rules for a project cost and billing
- The complexity of billing and revenue recognition - RSM GovCon easily distinguishes between the different types of contracts awarded, allowing users to utilize Dynamics’ ability to incorporate high level rules for a project cost and billing.
- The challenges of invoice burdens - RSM GovCon allows users to specify how burdens are calculated for a project. Contractors can set up fringe, overhead, and general and administration pools and also assign sets of departments and accounts to them. Users have the option to have the project default to the company-wide billing base or create a specific billing group for each project. This gives contractors the flexibility to calculate invoice burdens as defined in each project contract at your corporate provisional or negotiated rates.