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Most companies have systems in place to effectively measure and
manage their capital and intellectual assets. These systems focus on meeting
the company’s accounting guidelines and maximizing profits. However, the
systems you have in place may not match what the government requires for
executing a contract, which is where ITECS can help! ITECS helps you understand
the requirements and comply with government standards. Our network of experts
reviews and interprets the contract requirements, audits your existing systems,
identifies any gaps, and makes recommendations to meet the government-mandated
standards.
Our Process:
Identifying
Contract Requirements
The ITECS Network includes accountants, lawyers, and contract
managers who have deep experience in working on a wide range of government
contracts in most industries. ITECS reviews and interprets the requirements of
the government agency and the agency’s audit process and then outlines what's
necessary to meet the obligations of the contract.
Auditing
Existing Systems
ITECS
works with your firm to audit your existing systems, such as your accounting,
project management, and purchasing systems.
Identifying
Gaps
ITECS
compares the obligations of the contract to our audit of your existing systems.
We identify any gaps that the existing system needs to meet the requirements of
the contract.
Making
Recommendations for Closing the Gaps
Finally, with a focus on making the fewest possible changes to
your systems, ITECS makes recommendations about how to fill the gaps and comply
with the government’s systems obligations. If you lack the in-house expertise,
we can recommend vendors to modify your systems. Our recommendations ensure
that a firewall is built between your standard operating systems and the
systems necessary for contracting with the government.
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