This complimentary event in Melbourne, FL is brought to you by PwC and Lexell Blue.
When: March 14, 2018 6:00 – 8:30PM (*Discussion to kickoff at 6:30)
Where:The Chart House, 2250 Front Street Melbourne, Florida 32901
Join us for a gathering of defense industry representatives from companies of all sizes, public and private, to network and gather perspectives on current financial reporting and regulatory compliance challenges, with particular focus on:
Implications from the FASB/IASB Revenue Recognition standard, ASC 606
Business impacts to contract pricing and costing practices
Approaches to transforming technology solutions to enable compliance, with a spotlight on Deltek Costpoint
Implications of this new standard go beyond finance and accounting and will impact organizational operating models, contracting and pricing, IT systems, among other areas. This forum will bring together business leaders and members of accounting/finance, IT, legal, and compliance functions to learn perspectives from other organizations and professional advisors.
The event will also feature a panel discussion featuring speakers from PwC, Lexell Blue, and DRS Technologies.
Lexell Blue is proud to announce receiving the inaugural Deltek Global Consulting Partner of the Year Award. It was presented at the recent Deltek Partner Kickoff event at Gaylord National Harbor, and was received by Lexell Blue partners Kelly Nighland, Jami Benson, Paul Whiteman and Susan Pucciano.
“The Consulting team at Deltek is excited to award our first-ever Global Consulting Partner of the Year award to Lexell Blue! We were truly impressed with the caliber of resources that they were able to provide us in 2017” said Russ Guzdar, Senior Director of Global Consulting at Deltek.
Lexell Blue would like to thank Deltek for the continued successful business partnership, and a special thanks to Lexell Blue’s consulting resources who always maintain a high standard of Costpoint consulting services.
Lexell Blue is proud to be a Gold sponsor at Deltek Insight 2017! We hope to see you there in Nashville October 23 – 26, 2017.
We are hard at work on our presentations to help make this conference a success. Make sure to add our sessions to your Insight agenda:
CP-89Smoothing the Way for M&A
Tuesday October 24th 2:00pm Ryman Studio D
Mergers, acquisitions, divestitures, OCI spin-offs… today’s business landscape is constantly changing. Each of these occurrences require your business systems to change as well to combine, separate or segregate information, restructure data and adjust processes. Attend this session to learn best practices, a proven approach, and tips and tricks for successfully handling the technical impact of these business changes on your Costpoint systems.
CP-90Costpoint Wellness 101
Tuesday October 24th 3:20pm Ryman Studio H/I
Is your Costpoint system well-tuned and in shape to support your current business needs? Wellness is defined as the state of being in good health, especially as an actively pursued goal. If you have been using Costpoint for many years, have experienced significant business changes or staff turnover, or just feel like you aren’t using the system to its fullest, this session will help you evaluate your system and processes, and identify steps to take to actively improve your Costpoint health.
We are once again sponsoring the chair drop at the GovCon mini-general session..don’t miss out on your gift, you’ll have to attend to get one!
Over the years, many of our clients have expressed interest in leveraging Deltek T&E to capture labor and travel costs for subcontractors. We are pleased to share with you that Deltek has recently added this functionality to Costpoint 7.1.1 and T&E 10. Deploying this process will not only save many hours of data entry by a company’s AP staff, but it can also positively impact cash flow as billing of subcontractor hours can be performed in a more timely manner. We would like to take the opportunity to provide a couple highlights of this enhancement.
Upon establishing a Subcontract Purchase Order, vendor employees are added to Work Assignments in the AP module. This is where vendor employees are linked to the specific PO line, PLCs (where applicable) are linked as well as the rate paid to the vendor for the vendor employee’s work performed on a project. When utilizing the Work Assignments screen, there is no longer a requirement to setup Manage Vendor Employee Workforce as we’ve now, in essence, authorized the vendor employee to work on the project. Deltek has also provided screens to capture the vendor employee’s skills, training and security information to include US citizenship and security clearances. We can think of these two master data screens as a version of Vendor Employee Workforce and Employee Master combined, allowing many of the vendor employee attributes to be housed in Costpoint instead of externally.
On the T&E side, vendor employees can be provided rights to enter timesheets and/or expense reports. As with employees, there is a seamless integration of the vendor employee data to T&E. Once the vendor employee timesheet and/or expense report has been signed and approved, a process is run which creates a subcontractor voucher in Costpoint which can then be approved by a company representative for posting. As with employee timesheets, once the voucher has been posted it is then available to include on a customer bill.
There are obviously many more details which encompass the process, but we see this as a game-changer and the answer to many of our client’s needs without resorting to customization. Please feel free to reach out to the Lexell Blue team to discuss this new capability, and the benefits it can provide to your company – Info@LexellBlue.com
Lexell Blue, LLC and Sand Solutions Limited are pleased to announce that the two firms have joined resources in establishing a partnership to fortify and enhance the value provided to clients. Through this strategic alliance, clients will experience a network of support unlike any other available. In the forefront is the professionalism of application specialists and an assurance in the background that data is secure, available and leveraged to meet the demands of business.
Lexell Blue has long been recognized for its proven capabilities of delivering high-quality implementation services and integration of Deltek products, encompassing Accounting & Finance, Project Manufacturing, Human Capital Management functional areas, and also technical support with data migration and restructures, merging acquired companies (acquisition integration) and Cognos. Similarly, Sand Solutions has demonstrated over 10 years of providing secure and compliant hosting and managed services within the same market. As the demand for leveraging application capabilities and providing personalized, secure cloud environments continues to be the focus of a total integrated solution, the strategic alliance between the two firms allows clients to maximize the value and support available from two of the leading Deltek Solution providers. Together, the firms provide a uniquely tailored and customized cloud environment hosted by and within the two Sand Solutions data centers while receiving application training, implementation, customization services and support with Lexell Blue. Both firms are excited about the alliance and look forward to presenting more information to prospects and clients.
Travis Watson, President and CTO of Sand Solutions says “The alliance allows clients to define a cloud environment that meets their needs while being assured that the application implementation is being leveraged and integrated to maximize value. A one-stop shop where solutions are aligned to meet business needs.”
“Lexell Blue is proud to be aligned with a reputable and professional application hosting provider such as Sand Solutions.” says Paul Whiteman, Partner at Lexell Blue. “The partnership adds value for clients by combining extensive Deltek product application and database knowledge, with robust back end infrastructure and support”.