Strategic Financial Solutions (SFS) Group provides outsourced CFO/Controller/Accountant and business consulting services to small and medium sized defense contractors. SFS Group understands the needs of the small defense contractor as well as the impact these businesses have on the DoD agency. We have experience working with DoD agencies and services and have worked with defense contractors large and small. SFS Group understands the challenges that small defense contractor’s encounter when doing business with defense agencies.
As a growing defense contractor, it is important to maintain sound accounting practices. We provide virtual CFO/Controller services to ensure timely and accurate financial reporting that addresses your company’s unique needs. Our accounting services are not a “one size fits all” approach. We work closely with leadership to ensure that we tailor our services to provide exactly what you need on a timely basis. We know that cash flow is a key concern of small businesses doing business with defense agencies since prompt payment is an issue.
It’s not easy navigating the contract world of defense agencies and we know how challenging it is the stay afloat while waiting on payments from an agency. SFS Group can help the small defense contractor implement and improve their accounting and business processes to ensure efficiency in billing and invoicing defense agencies. We also review contracts and ensure the accounting system is correctly set up and tracking expenses/costs as required by DoD contracting officials. We help the small defense contractor achieve and maintain compliance in case of a potential Defense Contract Audit Agency (DCAA) audit. For the defense contractor who is in the 8(a) program, we ensure that the contractor continues to adhere to the program’s compliance requirements. We understand the complexities of working with the defense agencies and will work along side the small defense contractor to help relieve the problems faced when doing business with the government.
Core Competencies:
- Monthly accounting, financial reporting and financial forecasting
- General Ledger review and reconciliation
- Project based accounting systems set up
- Contract compliance (DCMA/GSA/DCAA)
- Specialize in Fraud Risk Management (FRM)
- Internal and External fraud risk assessment
- Fraud risk detection, prevention and mitigation
Why hire SFS Group?
- Over 20 years of defense industry knowledge
- Over 20 years experience in defense accounting and finance
- Highly qualified and credentialed professionals
- Flexibility to provide project-based services to meet specific short-term or long-term needs
- Save money by working with a Virtual CFO/Controller/Accountant
- Improve financial position and strategically grow your organization
Let’s see if it’s beneficial for us to work together. Schedule your free Strategy Session today.