Solution Targets
Government Contractor
Government contractors face numerous challenges to adhere to complex federal regulations. Cardinal Point has been assisting government contractors for nearly a decade to comply with FAR and CAS regulations and standards particularly in the areas of cost accounting and allocation, burdening, reporting, revenue recognition, and billing. We are so well known for this that Oracle|PeopleSoft invited Cardinal Point aboard their team to design their Government Contracting product.
Our solutions address best practices and common business requirements that are unique to this industry. Cardinal Point is best positioned to deliver the functionality because we understand PeopleSoft’s Government Contracting designs better than anyone—we wrote them.
Common Government Contractor Industry Requirements
- Proposal to project process
- Defaults in Time and Labor, Expenses, and Purchasing/Payables for transaction Information
- Burdening and retroactive rate adjustments
- Overhead rate pool definition, approval, and maintenance
- Separate revenue from billing
- Revenue vs. billing contract terms
- Fixed and variable fee
- Award and incentive fee
- Complex withholding
- Enhanced cost containment
- Revenue and invoice review and adjustment
- Flexible invoice formatting
- Progress payments
- Earned Value Management