DCAA by Caravel
Whether securing your first government contract or acquiring larger opportunities, companies of all sizes need a DCAA compliance solution that’s built into NetSuite to create a complete business management solution.
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Overview
Why You Need Caravel’s DCAA Compliance SuiteBundle
Whether securing your first government contract or acquiring larger opportunities, companies of all sizes need a DCAA compliance solution that’s built into NetSuite to create a complete business management solution.
Key Benefits
· In one place, the DCAA SuiteBundle automates time entry, labor costing, accounting, billing, and reporting in a way that disparate solutions and spreadsheets cannot match.
· By automating processes and tasks that were previously handled manually, the DCAA SuiteBundle frees up employees to focus on more important projects.
· The DCAA SuiteBundle provides an excellent audit trail for DCAA and its third-party audit agencies.
Our Solution
Our DCAA Compliance SuiteBundle is built directly into NetSuite to supplement the functionality needed to remain DCAA compliant. Implementation of our DCAA SuiteBundle can occur during or post NetSuite base implementation. It is to be expected that each company conducts business in a different fashion often with their own unique policies. Our DCAA Compliance SuiteBundle functions to control common variables across businesses. During application implementation, company-specific preferences and details will be configured and retained. Doing so will allow for the application to handle multiple compliant practices without a need for restructuring accounts or reimplementing projects for a simpler implementation.
Features
Timekeeping
Timekeeping is one of the most prominent requirement areas for DCAA compliance and best practice would be a fully integrated time and accounting system, cue NetSuite.
Cost Pools
To qualify as DCAA compliant, a company must classify their costs as direct or indirect. The direct costs will be grouped into a Direct Cost Pool and the indirect costs will be grouped into multiple Indirect Cost Pools.
Labor Distribution
The Labor Distribution report will display the hours worked and the cost for each employee. The information is segmented by project and by cost pool.
On-Demand Reporting
Our DCAA Compliance SuiteBundle contains an on-demand reporting tool, which provides flexibility to produce reports with specified criteria.
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DCAA by Caravel
