DCAA Compliant Software Solution
N’ware Technologies offers a fully integrated solution built for business complexities. N’ware ERP software is designed for organizations complying with DCAA requirements.
Our best in class Enterprise Resource Planning solution coupled with a fully DCAA compliant platform to ensure:
- Optimize manufacturing processes
- Enhance supply chain efficiency and reduce bottlenecks
- Strengthen collaboration internally, externally and more efficiently
- Improve service and product innovation
- Manage bids and control costs on project basis
- Improve lead times
- Reduce waste through implementation of lean strategies
- Segregate direct and indirect costs
- Allocate indirect costs in different cost objectives
- Categorize labor by intermediate or final cost objectives
- Identify costs by contract line items and units
- Classify pre-production costs from production costs
- Manage homogeneous indirect cost pools
- Integrate between job costing, project management systems and general ledger
- Consolidate reports for controlled accounts
- Track and recording timesheets including direct timesheet entry
- Manage live integration and status reporting at any stage
- Control DCAA complaint system configuration
At N’ware Technologies, we meet DCAA audit criteria in combination with all industry specific capabilities that government contracts need. By choosing N’ware as an ERP software, you will help improve cash flow, increase revenue as well as reducing audit issues with transaction backup.
What is DCAA?
The Defense Contract Audit Agency (DCAA) was established in 1965 to provide financial advisory services and audits for the Department of Defense (DoD). The DCAA follows the generally accepted government auditing standards (GAGAS) and includes various roles such as negotiation, financial and accounting advisory, administration as well as settlement of contracts, and subcontracts. The need for compliant accounting software has amplified.
What is DCAA compliance?
The Federal Acquisition Regulations (FAR) is a set of rules in the Federal Acquisition Regulation System. The system sets regulations issued by agencies of the Federal government. The DCAA assesses contractor’s compliance with FAR to ensure systems are complaint. If systems are not compliant, future government contracts and arrangements with other contractors is precluded.
Want more information? Contact us today!