Accurate, Timely, and Meaningful: Reporting for the Government Contractor
Better reporting is one of the major reasons for changing or upgrading software solutions. To grow your government contracting business and run the business profitably, insight into the financial and other operational data is absolutely necessary.
There are three key elements to reporting: it must be accurate, timely, and meaningful.
- Accuracy is threatened by manual processes – the more that is done outside the software system, the bigger the risk for errors (think spreadsheets).
- Timeliness of reporting is critical to making data-driven decisions to solve problems or identifying and taking advantage of opportunities.
- And, reporting must be designed to be meaningful and valuable to department heads and team leaders. You will want to deliver reports that address the key metrics of a project or department so managers can better run their areas of responsibility.
Cordia Partners is pleased to offer you Chapter 6 of ‘Government Contracting for Dummies – Reporting for the Government Contractor’ in a PDF format that you may download here.
More often than not, government contractors are struggling with too much data rather than too little data. Cordia Partners works with government contractors to help them select the right software solution and to put the right processes in place. We can help you cut through the clutter and organize data output so that you can turn it into actionable information.
Download Chapter 6 to access a summary of the necessary components of a system designed for government contractors. The chapter includes some examples of ‘must-have’ reports that assist with operational management, invoicing, and tackling the Incurred Cost Submission (ICS).
It is possible that bringing together the information you need is complicated by silos of information – accounting data, budgets, and files scattered across different servers, laptops, desktops, and a variety of physical locations.
This is where Cordia Partners can help. Our team can help you design and implement a solution that will provide the information decision makers need, in a timely manner and with accurate and meaningful data. Contact us for a consultation.