Simplify Your Workflow with Astrata

Welcome to this edition of Navigating Finance! This issue is packed with valuable resources and actionable best practices tailored specifically for government contractors. Whether you're looking to simplify compliance, improve efficiency, or better manage contracts, we've got you covered. Plus, we’re excited to spotlight Astrata, a powerful tool designed to revolutionize how you approach financial management.

Astrata is an innovative financial management solution designed to optimize compliance and streamline processes for government contractors. By providing unparalleled visibility and control over critical financial data, Astrata helps organizations stay efficient and compliant with ease. Learn more about Astrata here, or continue reading below for additional information and resources.

Comparative Financial Statements

When generating Financial Statements containing comparative information, i.e., the Show section “Comparison Column” box is checked on the Print Financial Statements screen, you must run the Create General Ledger Report Tables process to ensure that the financial statements contain current comparative information. If you want to generate financial statements that do not contain comparative information, it is not necessary to run this process.

Recent Reads

Looking for more information on best practices or tips for government contractors? Check out these blog posts:

• Astrata Product Update: Invoice Automation - Save time and increase efficiency in voucher processing with the latest updates to the Invoice Automation module of our Astrata financial management tool.
• [Deltek blog] AI in Action: Empowering Small Government Contractors with Deltek Dela - Designed to streamline workflows and tackle mundane tasks, Dela helps small government contractors save time and focus on higher-value activities.
• How to Build Resilience for Your Government Contracting Business - Diversifying contracts, improving operations, and building sound financial systems will reduce immediate risks and position your business for stronger opportunities.
• [Deltek blog] Practical Advice for Government Contractors: Managing Executive Orders, Policy Changes & Presidential Transitions - In these changing times, it's crucial to have the right solutions to help you navigate the complexities of government contracting.
• Astrata Product Update: Banks and Credit Cards - With Astrata, you can easily connect your banks, credit cards, and third-party software to Costpoint, eliminating data entry and enhancing reconciliation processes.
• Astrata Product Update: Prepaids and Barcodes - We are excited to announce two important updates for Astrata. The first update is a new automated feature that supports prepaids. The second update includes advanced barcoding capabilities specifically designed for manufacturing operations.

Want a deeper dive? Here are some upcoming and on-demand webinars:

• [4/24] Bridging Contracts and Accounting for Success - Discover how to bridge the gap between contracts and accounting for accurate, real-time data management and optimized oversight. Hosted by NCMA.
• [5/13] Mastering Contracts Management - Leveraging Accounting Practices for Optimal Results - In this webinar, we will identify common inefficiencies and discuss streamlined processes to provide accurate data without manual intervention.
• [On-Demand Webinar] Maximize Costpoint with Seamless API Integrations - In this webinar, we explore APIs and how connecting platforms to Costpoint can enhance the usability of the solution while minimizing data entry issues.

Where to Find Us

We’d love to talk with you in person about how PCI can best help support your business’s needs! Find us at one of these upcoming events:

• [4/22] – FORVIS Annual Government Contracting Conference, Reston, VA
• [4/23-4/24] – APEX, National Harbor, MD
• [4/27-4/29] – PSC Annual Conference, White Sulphur Springs, WV
• [5/5-5/9] – SOF Week, Tampa, FL
• [5/13-5/16] – VETS25, Orlando, FL

In the News

• [Manufacturing Dive] Layoffs, furloughs and worksharing: What to know about employment law when business slows down
• [GovConWire] DOGE & GovCon: 10 Strategies From Industry Leaders
• [Government Contracts Navigator] Five Practical Tips for Government Contractors Navigating the Executive Order Chaos
• [Womble Bond Dickinson] How to Remain Compliant: Navigating the Post-Affirmative Action Landscape for Federal Contractors
• [Supply Chain Brain] Drones vs. Robots: Why Staying Grounded Matters in Inventory Management

Careers

Are you looking for the perfect employees to support your projects? PCI can connect you to temporary staff to manage your back-office support. If you’re looking for a new role, see the below open staffing roles – apply on our website:

• Accounting Manager – Columbia, MD – This is a full-time hybrid Senior Accounting Manager role located in Columbia, MD, with flexibility for remote work.
• Accountant – Columbia, MD – This is a full-time hybrid Accountant role located in Columbia, MD, with flexibility for remote work.
• Financial Controller – Dayton, OH – This is a hybrid position, working remotely and coming to the office in Beavercreek, OH, a couple of days a week.

We’d love to hear from you! Connect with us:

• Contact us to request a demo or talk about how PCI can support your business
• Follow us on LinkedIn, Facebook, and Instagram
• What topics do you want to see more of? Leave a note in the comments ⤵️