DCAA Compliance Requires Better Processes and Flexible Tools - 'Documentation Traceability' Can Build Confidence in Audits

czmuda — Mon, 20 Apr 2009 07:13:00 GMT

To comply with the regulations regarding proper financial management, government contractors must satisfy the Defense Contract Audit Agency (DCAA), which is responsible for performing all audits for the DoD, and for providing accounting and financial advisory services to DoD components responsible for procurement and contract administration. DCAA also provides contract audit services for many other government agencies as well.

Government contractors have found there's no 'silver bullet' solution certified to guarantee compliance with DCAA's regulatory audits. Instead, contractors must invest in the proper processes and reporting tools to help them achieve and maintain compliance with DCAA's various financial audits. When it comes to compliance, DCAA auditors most want to see a 'traceability of documentation.

For all of these reasons, government contracting organizations are increasingly turning away from basic accounting software or services, instead seeking broader and integrated enterprise resource planning (ERP) and document management solutions, such as those offered by Microsoft. Government Contractor customers have found the Microsoft Dynamics solutions are fully FAR, CAS and DCAA compliant. Relevant experiences with DCAA are shared from both industry experts and contractors utilizing Microsoft Dynamics for financial and operations management. Available for Download - this whitepaper can be found here.

Financial software tug of war Microsoft designs product suite in quest to grab market share from Deltek

czmuda — Wed, 05 Nov 2008 07:30:19 GMT

See this Washington Technology Article written by Dave Hubler for a look at how Microsoft is gaining momentum as an alternative to Deltek. Below is an excerpt from a customer who has used both solutions:

Richard Boden, president and CEO of the Boden Group, a professional services provider in Woodbridge, Va., has used Deltek and Dynamics products.

Government auditors are used to using Deltek, and they know how its programs enter and use data, he said. “From a compliance perspective, it makes it easy to audit,” he said.

Deltek’s main problem is it is a proprietary system and not easily adaptable, Boden added. “If you wanted to, say, go with an outside source that could do your [human resources work] or your payroll or something like that, you’d have to have guys come in and basically write code,” he said. That is in contrast to Dynamics NAV, an open system to which it is easy to add applications.

Boden said he believes Deltek is beginning to lose market share because the bigger clients want to do more things themselves without having to hire outside consultants or programmers.

“If they’re still going to remain a proprietary system,” Boden said, “I think they’re going to have problems.

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Interested in learning more about how Dynamics solutions could help your organization visit www.dynamicsbymicrosoft.com to request additional information.

GovCon : Dynamics

DCAA Compliance Requires Better Processes and Flexible Tools - 'Documentation Traceability' Can Build Confidence in Audits

Financial software tug of war Microsoft designs product suite in quest to grab market share from Deltek