DCAA-Compliant Dynamics AX
Solutions for Large Enterprises
Microsoft Dynamics AX for Government Contractors
Microsoft Dynamics AX is Microsoft’s premier ERP solution for large companies that provide services to the Federal Government. It’s also a great fit for companies that have large commercial operations and need a government-compliant solution to satisfy their government business cost accounting requirements. Companies that do business with the government have historically been laden by antiquated software that cannot service companies in today’s environment. With Dynamics AX, that has completely changed.
Dynamics AX is a complete business solution designed to help companies that have wide-ranging software requirements. Large companies doing business with the government that need to support multiple companies or divisions have found the answer with Dynamics AX. It utilizes the freshest technology in the industry to give government contractors tools to become more profitable and successful.
PVBS, long recognized as Microsoft’s top solution provider for government contractors, brings a rich, deep Dynamics AX solution to the market. It is a DCAA-compliant solution that gives government contractors so much more than what they have been relegated to use in the past.
The Project Accounting functionality in Microsoft Dynamics AX for Government Contractors is part of a complete and comprehensive business application solution for companies that work with the Government. Dynamics AX supports both operational and administrative processes for large companies and features capabilities such as financial management, manufacturing, retail, business intelligence and reporting, supply chain management, and human capital management.
With Microsoft Dynamics AX for Government Contractors, large companies that do business with the Federal Government now have a complete ERP solution that supports DCAA (Defense Contract Audit Agency), FAR (Federal Acquisition Regulations), and CAS (Contract Accounting Standard) compliance. The solution has the project accounting functionality and workflow these companies need to successfully operate their government contracting line of business. They can now properly allocate indirect costs, account for subcontractor labor, budget and forecast projects, and produce the project and financial reporting they require when working with the Government.
Microsoft Dynamics AX for Government Contractors offers the functionality they need including:
- Indirect cost allocation
- Labor processing
- Subcontractor labor
- Project structure, funding
- Project budgeting and forecasting
- Revenue recognition
- Project and financial reporting
This solution addresses the unique challenges companies that service the Federal Government face. Managing the projects (contracts) and being able to report appropriately to the Government are top priorities in running an efficient, well-managed, and profitable government contracting business. At the core is a strong project accounting engine that lets government contractors understand contract status, profitability, and growth opportunities. Having the information to make critical business decisions that may affect other parts of the business is of paramount importance.