Brilliant Idea #3 Government Contractor Has No Stress DCAA Audits With Microsoft Dynamics SL

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Government contractors face a daunting number of compliance requirements in order to stand up to the scrutiny of an annual or surprise “floor check” audit. A highly motivating reason for a multi-discipline technology firm to use Microsoft Dynamics SL to manage their 100-plus government contracts.

Recently, when faced with an Accounting System Review the technology firm was confident because Microsoft Dynamics SL allows them to segregate and detail cost information — direct, indirect and overhead expenses — associated with every item billed to the government. Unallowable expenses are eliminated before invoices are sent. With indirect rate allocation methods and full expense audit trails the firm fulfills contract requirements and can report to exacting standards.

Working with the federal government and the Defense Contract Audit Agency (DCAA) requires clear understanding of the rigid requirements including the Federal Acquisition Regulations (FAR) and Cost Accounting Standards (CAS). Those contractors who can meet the challenge to take on an audit without sweating can spend more time winning new bids.

Submitted by Synergy Business Solutions, www.synergybusiness.com

This is just one example of how to outsmart the competition using Microsoft Dynamics ERP. Download the full white paper today for more examples “25 Brilliant Ideas to Outsmart Your Competition with Microsoft Dynamics ERP” at www.erpsoftwareblog.com/brilliant-erp as a PDF or MP3 audio.