- (
) SC&H Group Announces Its Business Partnership With Deltek, Inc.
This partnership combines excellent accounting system software and a team of experienced implementation experts to provide clients with highly capable accounting systems. The result is an automated government contract accounting system that provides "must have" capabilities in such areas as time collection, project accounting, billing, indirect rate calculation, and real time project reporting. This automated and efficient accounting system provides companies with the infrastructure necessary for significant growth and enhanced profitability."SC&H Consulting is pleased to partner with Deltek, Inc. on the sales and implementation of their GCS Premier software," said Thomas E. Stout, Managing Partner of SC&H Group, LLC. Stout added, "We look forward to working closely with Deltek in the coming years and growing our relationship with them."
About SC&H Group, LLC
SC&H Group, LLC is a highly acclaimed CPA and management consulting firm serving a large client base from emerging businesses to the largest Fortune 500 companies. More>>
- (
) Specific school budget cuts considered
The bulk of MNPS's technology internal service fee pays for major software applications that manage district accounting, human resources and inventory, according to Lance Lott, chief technology officer for the district. These are services MNPS “outsources" to Metro, Lott said.“They're calculated based on actual services the government provides," Lott said.Board member Karen Johnson asked school district administrators to consider a 3 percent reduction in central office costs, as opposed to making any cuts whatsoever at the individual school level. She asked MNPS to look in to trimming 120-day contract workers — central office employees who came out of retirement to serve the district on a contract basis, Johnson said — and to possibly consolidate summer school staff and services to fewer facilities. More>> - (
) BearingPoint Tries Reverse Stock Split To Restore Right to Trade
BearingPoint, which provides software services to private clients and government agencies, has struggled since being spun out of the accounting giant KPMG in 2001. The credit crunch has created a difficult environment for mergers and acquisitions, further hampering BearingPoint's plans to sell all or parts of the company.Jamie Friedman, an analyst with Susquehanna Financial who dropped coverage of the company in recent weeks, said that while the company's government contracting business has held up in recent years, its commercial side has suffered from competition overseas and managerial missteps.
"It's a very tenuous situation," Friedman said. "In my opinion, their management team and their board of directors never recognized the threat that offshoring would create in their business."
As a result of the reverse stock split, every 50 shares of BearingPoint's common stock will be combined into one after the close of U.S. More>>
- (
) Five leaders work to make our area a better place
Competitor Boeing protested the contract, which lead the congressional General Accounting Office to order that the project be rebid early next year.
Mike Hicks
Hixardt Technology, a Pensacola-based information technology firm founded by Mike Hicks, received a five-year, $18 million contract from Eglin Air Force Base in June.
It was the firm's largest ever deal.
Hixardt will provide base-level software support and manage all software purchases and licensing for Eglin.
"Government contracts help businesses grow," Hicks said. "Our focus has been to expand into other cities like Mobile and Raleigh, N.C., and this allows our company to kind of grow up and deliver bigger and better services."
The Pensacola Area Chamber of Commerce recognized Hixardt with its Entrepreneurship Award at its 2008 Industry Appreciation Awards. More>> - (
) How much will passing on the VAT cut cost businesses?
Although accounting software should cope easily with a rate change, some custom systems will have the 17.5% rate baked into the code, which will make changes much more complex. "Anyone whose software does that has to take their ire out on the software supplier, not the government," says David Mitchell at analyst Ovum.Many big businesses have IT systems that talk to their counterparts at suppliers and customers. "Testing software changes across those systems is one of the trickier parts of the job," says Mitchell. "I imagine there will be some embarrassing failures over the next few weeks."
Mitchell reckons that testing could add 15% - more than £20m overall - to the Treasury's estimate. That does not include the cost of repairing the damage from any mistakes. More>>