ERP for Federal Contractors

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If you have a federal contract or grant, you will have the need to create an Incurred Cost Submission. A submission to the federal government encompasses the costs you have incurred during a specific project. These submissions are detailed and complicated and can take an accounting team weeks to develop.

 

Softek's DCAA Starter Pack, an add-on solution, is specifically developed for Federal Contractors by Softek. Softek's ICEManager coupled with the power of SAP Business ByDesign software can shorten the reporting time significantly for CFO's and finace personnel for Defense Contract Auditing Agency (DCAA) Reporting. The ICEManager application captures required output using configured ByDesign reports in proper content and format for ease of reporting. The reporting toolIt easily produces indirect rates so contractors have the most current information at their finger-tips. ICEManager also uses current indirect rates to provide Burdened Labor rates for use in government pricing proposals.

 

Softek's consulting and implementation services for SAP Business ByDesign for Federal Contractors will ensure that the system is able to identify and accumulate direct costs by contract, structure indirect costs into required cost pools, provide time types and compensation component mapping, and manage labor distribution cost by contract to match time records. Proper configuration of these processes for SAP Business ByDesign, will allow Federal Contractors to utilize the power of a full ERP system and government compliance.

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