Microsoft Dynamics offers powerful business management solutions focused on the unique needs of government contractors. These solutions promote accurate and timely reporting, easier access to data, and automated processes that help reduce daily overhead while they maintain the data that most auditing agencies require. Microsoft Dynamics enables you to focus on your core mission of providing services to commercial and government clients.
Businesses that perform work for government agencies have unique challenges beyond those of their commercial-sector-only peers in consulting, services, manufacturing, and construction. Like those peers, the client must be satisfied by a project that's completed on time, on budget, and to specification. But government contractors must also collect and retain detailed information to comply with government agency regulations, and they are subject to audit by agencies such as the DCAA (Defense Contract Audit Agency).
Government contractors know that no silver-bullet solution is certified to comply with DCAA's audits. Instead, government contractors must implement processes, records management, and reporting tools to maintain compliance.
Government contractors’ special accounting requirements
For most government contractors, a top priority is to comply with the requirement to provide very detailed records about the direct, indirect, and overhead expenses associated with each line item that they bill to the government that is related to providing the services and products. Existing customers have found that the Microsoft Dynamics solutions, typically implemented for their specific businesses with an experienced Microsoft Dynamics Partner, comply with FAR, CAS, and DCAA requirements.
No need for separate systems
Often government contractors feel they must have one system for their commercial business and a second one for their government business. But w Microsoft Dynamics ERP, a single ERP (enterprise resource planning) system cna be implemented to serve both a commercial and a public sector practice
More than just compliance
Government contractors must comply with the regulations. However, forward thinking executives want more than simply a system that complies. They want the system to:
Be designed to be quickly adopted by the employees.
Improve project management and decision-making with immediate access to financial and accounting information across the entire organization.
Effectively allocate internal resources and increase billable hours by reducing the burden to employees of compliance-related tasks.
Works with other Microsoft products
Government contracting organizations are increasingly turning away from basic accounting software provided by a small number of software suppliers and are seeking out robust enterprise resource planning (ERP), customer relationship management (CRM), and document management solutions like those that Microsoft offers. Microsoft Dynamics solutions can:
Be integrated with productivity applications such as Microsoft Office Word, Excel, and PowerPoint.
Improve communications with the customer through document sharing and safe Web interactions.
Increase customer responsiveness by improving business processes such as automated routing, notifications, approvals, and escalations.