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High-Growth Government Contractor News is published regularly by Pleasant Valley Business Solutions (PVBS) for fast-growing companies that provide services and/or sell products to the Federal Government. Submit articles to newsletter@pvbs.net. Contact PVBS at sales@pvbs.net.
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In this Month’s Newsletter
This is an exciting week for PVBS as we bring Microsoft Dynamics NAV to small and growing government contractors on a subscription basis through "the cloud." This Software as a Service (SaaS) offering has been in demand for quite some time and we're thrilled at the prospect of giving emerging companies that provide services to the Federal Government the opportunity to move to the premier Microsoft financial management solution in this form. Read the press release here.
Teri Erickson, one of the government contractor community's true cloud experts, is a trusted PVBS partner and an expert on the needs of companies that offer their products through the cloud. Her article does a nice job bringing everyone up to speed on what the cloud offers.
PVBS conducts regular webinars with our industry partners. Recently, Bill Walter with Dixon Hughes Goodman joined us for an update on the top issues facing government contractors related to the DCAA. You can access a recording of the webinar here.
Many of our clients are growing quickly and need to constantly evaluate financing strategies. Jed Fochtman of Capital Advisors is an expert on the wide range of financing options and clarifies them in his article below. Plus, Bridget Pulivarti, Government Contracting Practice Director for Helios HR, presents a strong article on compliance challenges government contractors need to be aware of as they reach 50 employees and more.
Sincerely,
Bernard Mustafa
CEO, PVBS
www.pvbs.net |
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 Smart Financing Strategies for Government Contractors
Access to the right type of financing for operations and contracts will play an increasingly important role in the future for tomorrow's government contractors. Government contractors face unique challenges in today's marketplace with the federal budget tightening and increased competition on existing contracts. Larger federal government contractors need to acquire smaller contractors to enable them to increase revenues. Smaller government contractors need to innovate by developing new products and services at lower costs to remain competitive. In this article, Jed Fochtman, president of Capital Advisors Corporation, discusses critical financial strategies growing government contractors should quickly consider to ensure fiscal health.
Read the article here |
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 Crossing the Compliance Threshold When You Pass 50 Employees
Crossing the threshold of 50 employees brings a new layer of challenges to federal compliance and auditing for government contractors. The most cumbersome to manage are affirmative action programs (AAPs), which are established to protect specific classes of employees, including minorities and females (EO11246), the disabled (section 503 of the Rehabilitation Act), and veterans (VEVRAA). These programs are audited by the Office of Federal Contract Compliance Programs (OFCCP). The process can be overwhelming at first, but with good processes and systems in place, organizations can have successful compliance audits. Read the complete article by Bridget Pulivarti, Government Contracting Practice Director for Helios HR.
Check out the article here. |
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 Why Everyone is Running to the Cloud
Everyone is talking about the Cloud. IDC predicts the public cloud market will hit $72.9 billion by 2015. Everyone says Cloud, and some even mean it such as our partner PVBS who announced their Software as a Service (SaaS) in the cloud this week, but is everyone clear on exactly what The Cloud is? Thanks to NIST (National Institute of Standards in Technology), we have a definition: On-Demand access to resources, Broad Network Access, Resource Pooling, Rapid Elasticity, and Measured Service. In simple terms, you have shared resources that can be quickly accessed; those resources can be added and subtracted in short order; and that provision can be gauged.
Read the rest of the article by the Cloud Expert Teri Erickson here. |
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 An Early Start Of Specialized Due Diligence Is Key To Successful M&A Transactions Involving Government Contractors
Companies involved in a transaction involving government contracts know that getting an early start at due diligence is critical. It is also important to have government contracts counsel involved in early stages of negotiating the purchase agreement, to draft and negotiate provisions in the purchase agreement that address the unique risks of doing business with the federal government. If the principal value of a business comes from its government contracts, contract provisions in the purchase agreement relating to those contracts must be negotiated simultaneously with other key provisions determining the allocation between the parties of the risks and rewards of owning and operating the business. Rand L. Allen, Daniel P. Graham, Kay Tatum and Jeremy Schofer of Wiley Rein LLP discuss the critical issues related to this topic in this article.
Read the entire article here » |
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What You Need to Know About the DCAA Today