HMS Enhances Site to Assist Clients with DCAA Compliance
Montreal, September 24, 2018 – HMS Software, the publishers of the popular TimeControl timesheet system have enhanced and extended their free resource-portal to assist clients with how to use TimeControl to become compliant with the US Defense Contract Audit Agency (DCAA) requirements for Labor Charging. According to the March 2018 Report to Congress on FY 2017 Activities of the Defense Contract Agency, the DCAA’s 300 offices around the world and their 4600 employees examined over $281 billion in Defense contractor costs. As a result, the Agency realized savings of over $3.5 billion.
The DCAA standards for auditing government projects are applied to Defense contract spending as well as federal projects in the United States from Homeland Security, NASA, the Department of Energy (DoE) and others.
One key area of DCAA compliance for projects underway is the tracking of labor costs and in particular the recording of those costs in an auditable timesheet. The DCAA must ensure that an invoice for work done on a US government contract is accurate and that it can be audited. This is a commitment required of contractors on such contracts. Determining that the items detailed in an invoice for a particular government project can be distinguished from work done for other projects is an essential element of contracting.
The DCAA focuses on reviewing the contractors’ process rather than any particular software and does not certify or endorse any software product. However many TimeControl clients are required to comply with DCAA standards and as a result, HMS has reviewed these requirements to ensure that DCAA compliant functionality and methods of configuring and using TimeControl in DCAA compliant fashion is continuously updated. HMS Software has an extensive background in defense, aerospace and energy projects dating back to the early 1980s.
TimeControl is a multi-function timesheet designed to serve the needs of both Finance and Project Management simultaneously. Its design makes entering timesheets simple for the end user yet the robust functionality and configurability of the timesheet makes it ideal as an auditable source of financial information.
HMS maintains a free resource portal on its TimeControl.com website and has recently enhanced the portal with additional and updated resources. There are numerous tools and collateral that will be of interest to clients who must ensure they meet this stringent criteria. Materials on the site have been updated to reflect the most current DCAA information available.
Included on the TimeControl DCAA Solution Portal is:
- A white paper on how to configure the TimeControl timesheet system to meet the DCAA compliance standards,
- A slide presentation with screen shots and configuration examples for the main criteria of DCAA compliant standards and;
- A webcast outlining how TimeControl’s functionality can be configured in a DCAA compliant scenario.
HMS Software has numerous clients who service the US DoD, DoE, NASA or Homeland Security and have assisted them in deploying TimeControl in a manner that meets DCAA standards.
Access to the TimeControl DCAA Solutions Portal is free at dcaa.timecontrol.com.
TimeControl was originally released in 1994. It was immediately successful in the project management sector and today is recognized not only as a project management solution, but also as an enterprise timesheet solution in use by companies worldwide. TimeControl is designed as a multipurpose timesheet able to serve the needs of both Finance and Project Management simultaneously. It includes features such as a multi-browser, multi-device interface, a PC and mobile interface, vacation approvals, executive dashboards, extensive approval functionality, flexible reporting and links to project management and corporate systems which makes the timesheet product ideally suited for integration with existing systems in any organization. TimeControl's flexibility allows it to be deployed for use as a time and attendance, time and billing, project tracking and flex-time system. TimeControl is available both for purchase for an on-premises installation or as an on-line subscription in the Cloud.
To access the free Hosted TimeControl Trial site, visit our free trial page.
For information about TimeControlOnline, our hosted timesheet subscription service in the cloud, go to www.timecontrol.net.
For any other questions, please contact HMS Software at firstname.lastname@example.org.
TimeControl is represented around the world by our distributors in Argentina, Australia, Brazil, Canada, Chile, Croatia, Czech Republic, Egypt, Finland, Ireland, Mexico, the Netherlands, New Zealand, Norway, Russia, Singapore, Sweden, Thailand, the UK, and the U.S.
About HMS Software
Based in Montreal, Canada with offices in Toronto, HMS Software has been a leading provider of project management and enterprise timesheet systems and services since 1984. HMS Software's first customized timesheet application was written in 1984. With the launch of TimeControl as a commercial application in 1994, HMS Software began servicing clients worldwide.
HMS Software's client list reads like a who's who of business. It includes Aegion, CRIM, MCAP, Georgia Pacific, Xerox, Volvo Novabus, the Government of Quebec, CAE, Safran, Tractor Supply, General Dynamics, Siemens, Foster Wheeler, EXFO, Boeing, Value Recovery, Pontoon, March Consulting and hundreds of others.