Thanks to Deltek for putting on a fantastic holiday party. Was great catching up with the Deltek team, colleagues, partners and clients.
Trust everyone made the most of the Lexell Blue Chocolate Fountain….
Happy Holidays from Lexell Blue
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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”.
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Costpoint Materials users:
Register here, a free 60 minute consultation session with one of our experienced Costpoint Materials / Manufacturing or BI/Cognos consultants. Please include a description of the topic you want to cover and we will be in contact to schedule the session. See below for offer terms.
Register for a free on-demand webinar to hear Lexell Blue’s Paul Whiteman debunk the myth that Costpoint isn’t for Project Manufacturers:
Learn how Costpoint Project Manufacturing has evolved into a world class manufacturing solution for project-oriented companies.
|Compliance, Compliance, Compliance
Need help navigating the maze of regulations and competitive challenges in the government contracting and technology environments?
Lexell Blue is excited to offer contracting and compliance consulting services to our customers. Our services include:
* Assist in developing, improving and optimizing estimating and cost accounting systems and ensuring that such systems are FAR and DCAA complaint
* Review of your current design / structure of your indirect rate pools to ensure government compliance while maximizing cost recovery and contract profitability
* Development / review of CAS Disclosure Statements, including initial preparation and ongoing revisions
* Preparation and / or review of contractor incurred cost submissions to DCAA or other audit agencies
Our compliance expert Donald Kennitz, CPA has over 35 years of experience in accounting, auditing and consulting focused on government contractors and technology companies. Register today for a free thirty minute consultation with Don to discuss your compliance requirements and see how we can help!
Northern Virginia Technology Council (NVTC) Featured Lexell Blue, LLC in their March 2016 Member Spotlight Article.
Lexell Blue is also featured in NVTC’s Techtopia map of Northern Virginia.
NVTC Member Spotlight: Lexell Blue
NVTC has a diverse membership across all sectors in the technology industry. Every month, NVTC spotlights different member companies in our new feature, Member Spotlight. Today we’re highlighting member company Lexell Blue. Lexell Blue LLC is a women-owned business specializing in Deltek Costpoint consulting services. They partner with their customers to provide project planning, configuration, data migration/conversion, reconciliation and testing services. Click here to read more about Lexell Blue.
Register here for your free 30 minute consultation session with one of our experienced Costpoint Enterprise Reporting / Cognos consultants. Please include a description of the topic you want to cover and we will be in contact to schedule the session. See below for offer terms.
Click on the links below to download Lexell Blue’s informative Breakout Session slides presented at Deltek’s Insight 2015 in Nashville:
Have a great idea for an Insight presentation you would like to see next year? If so, please let us know in the Comment section below.