In part three, the final post of this series, we will complete our conversation with the final four MMAS Standards of the Key Elements of Material Management and Accounting System Compliance Audits. We will highlight how to maintain consistent, accurate, and adequate controls to ensure your project manufacturing business can remain compliant. We will focus on Material Costing and Borrow Paybacks, Inventory Allocation for Common Inventory and Commingled Inventory, Compliance and the Consequences of Non-Compliance.
Tag: Government Contracting
September 16, 2022
The 10 Key Elements of Material Management and Accounting System (MMAS) Compliance. (Part 3)
by Colin Quinn
May 2, 2022
The 10 Key Elements of Material Management and Accounting System (MMAS) Compliance. (Part 2)
by Colin Quinn
In part one of our blog series "The 10 Key Elements of Material Management and Accounting System (MMAS) Compliance." we covered the first three MMAS standards and discussed 'sparking' the imaginative curiosity of the next generation of manufacturers - by showcasing the reality of modern manufacturing compliance.
In part two of this series, we will continue our discussion of the next three MMAS Standards...
April 5, 2022
Unique Entity Identifier (UEI) to replace Dun and Bradstreet (DUNS) Number
by Colin Quinn
On April 4th, the General Services Administration (GSA) will complete a major technology modernization project that began back in 2012 – The federal government will be replacing the Dun and Bradstreet numbers (DUNS) number with a new Unique Entity Identifier (UEI) known as the Unique Entity ID. Continue reading to learn what that means for your small business, and what you need to do now...
February 15, 2022
Contractors Guide - Which Costpoint is RIGHT for me?
by Colin Quinn
As a Government Contractor, you know Deltek Costpoint offers unparalleled project management, accounting, reporting, and compliance for project-driven organizations. What you might not know is that there is more than one option available to you... Continue reading our comprehensive guide below where we dive into details, benefits, and differences between Costpoint for Enterprise and Costpoint for Small Business...
January 26, 2022
End-of-life software: Why ignoring Costpoint 7.1 EOL timelines… is a bad idea
by Colin Quinn
Friendly reminder - Deltek Costpoint 7.1 will be entering sustaining support beginning on March 1, 2022! What does The Great Pyramid of Giza and the Great Wall of China have in common? They were both built to last forever! Your Enterprise Resource Planning (ERP) Accounting software? Not so much. Technology today seems to come with an ever-increasingly shorter lifespan, in most accounting, and finance departments...
October 15, 2021
Three Must-See Sessions at This Year’s DHG GovCon Conference
by Colin Quinn
If you are not already planning to attend DHG’s 26th Annual Government Contracting Conference, this sneak peek of the Three Most Popular Sessions might just convince you to join...
October 1, 2021
The 10 Key Elements of Material Management and Accounting System (MMAS) Compliance. (Part 1)
by Colin Quinn
National Manufacturing Day, held annually on the first Friday in October, is celebrated to 'spark' the imaginative curiosity of the next generation of manufacturers - by showcasing the reality of modern manufacturing. Together companies and leaders collaborate to educate and inspire the next generation of manufacturers by demonstrating the importance of manufacturing.
As a leading consulting and...
August 16, 2021
Benefits of Purchase Orders & How to Create a Purchase Order in Deltek Costpoint
by Colin Quinn
Are you running a small or mid-sized company not using purchase orders? They may be more important than you think...
When most small businesses start out, they forego purchase orders in favor of handshake deals and informal processes. Blindly instilling trust in a seller or using an unspoken agreement with a small-time supplier or a trusted vendor is never a smart move.
What happens if there’s ever a...
June 10, 2021
Extend the reach of Costpoint with ODBC access to maximize interoperability
by Colin Quinn
An Open Database Connectivity (ODBC) is a standard and specific application programming interface (API) that lets software connect with database management systems while remaining independent of them. This is important because it allows applications to interact with multiple databases simultaneously using Structured Query Language (SQL) to connect databases and file systems dynamically and easily.
The ODBC...
April 30, 2021
Why now is the best time to make Cybersecurity and Compliance a priority
by Colin Quinn
The Ever-Expanding Cyber Threat:
The number of cyber-attacks has significantly increased over the past year. The growth of connectivity, the COVID-19 pandemic, and increased remote work have contributed exponentially to the rise in cyber threats and attacks.
Ransom attacks, phishing schemes, spyware, malware, and criminal enterprises are becoming more sophisticated every year, searching for network...
February 8, 2021
Modern FP&A, Forecasting, Budgeting, and Planning Pitfalls - Part 2: Buy-In & Input
by Colin Quinn
In part one of this series, we discussed how to improve your forecasting process by embracing integration and automation. In part two we will discuss how to plan like a champion and avoid a lack of buy-in and input from owners and how to sustain it in your forecasting process.
This past Sunday Tom Brady won his seventh Super Bowl while taking the Tampa Bay Buccaneers to their second conference championship...
January 26, 2021
Modern FP&A, Forecasting, Budgeting, and Planning Pitfalls - Part 1: Integration & Automation
by Ryan Turpyn
What makes a forecast, budget, or plan the “best?” If you said accuracy, you’d be wrong. The best plan is one that provides a business with actionable options in the face of dynamic market conditions.