There is a whirlwind of acronyms that represent the various government agencies, regulations, standards and certifications involved in compliance and regulation for GovCons. FAR, DCAA, DCMA, FCI, CMMC, ASC, NIST, CAS – the list goes on. It can be intimidating and difficult to navigate.
GovCons are subject to audits concerning their accounting practices as well as how they address cybersecurity and the protection of government information. It is a continuous effort to monitor and review – not a once-a-year reckoning to overcome.
First-time GovCons, as well as experienced ones, can easily become overwhelmed by the reporting efforts and requirements. What’s been done in the past may not be sufficient to remain compliant today with the ever-shifting and evolving regulations.
An investment worth making
Investing in a comprehensive accounting system with built-in guardrails to keep you in compliance is a solution that saves you time and minimizes risk. There are many things to consider when choosing an ERP that is purpose-built for GovCon compliance.
Make a list of what an ideal system would provide. We’ll start you off with some of the things we believe make an ideal solution:
- Specifically designed for GovCons
- Provides real-time insights
- Offers secure cloud storage
- Meets cybersecurity compliance standards
- Is scalable
- Integrated modules
- Customizable reports, workflows and dashboards
- End-to-end audit trails
- Communication tracking
It may be hard to believe, but there are solutions out there that do all of this – and more. With the right support and knowledge to back up your decision, you can have a system in place that will give you peace of mind when it comes to staying up-to-date on governmental and agency compliance standards.
Contact us today and we can walk you through the different solutions that would work best for your business needs.