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”.
Visit us at:
Costpoint Materials users:
- Do you have any lingering Costpoint Materials issues that you could use some help with?
- Looking for strategic guidance or advice on deploying some new modules or functionality?
- Want to hear about the new Costpoint 7.1.1 Materials enhancements?
- Looking to visualize your data to bring greater, faster and more efficient insight into your business?
- Tired of maintaining large spreadsheets? Looking to automate reports and emails for project managers, executives, and sales teams?
- Struggling with Cognos Security?
- Wondering how to get the most out of the canned CER framework models and reports?
- Interested in how Event Manager can help you monitor your business?
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.
- Consulting only provided for modules within the Costpoint Materials domain or Cognos
- Offer valid until June 30th, 2017
- Only one free 60 minute consultation per company
AMAZON ECHO DOT’s TO BE WON!
Stop by the Lexell Blue booth to be in to win one of three daily Echo Dot (2-pack) giveaways
Pickup a gift from Lexell Blue at the GC-01 GovCon Industry Mini-General Session – Tuesday 15th 10:05am Potomac Ballroom.
Register here for a free in person consultation with one of our experts on any topic of your choice. Please include the topic you would like to discuss.
Check out our expo hall booth location, stop by to learn about our range of
Costpoint Consulting Services
From meeting data analysis and information delivery requirements, to helping organizations provide the right information, to the right person, in the right format, at the right time for optimal decision-making; Lexell Blue, LLC has partnered with Tiber Solutions as its Business Intelligence and Data Warehouse Partner.
Tiber Solutions focuses on delivering business intelligence, data analytics and big data solutions to corporations and government entities. They specialize in architectural neutral Dimensional Modeling/Star Schema Design, ETL Architecture and Solution Delivery as well as Dashboard/Data Visualization solutions. They focus on dividing the data into the “who, what, where, when, why and how”. Tiber takes the time to strategize with, educate and coach their customer’s business leaders; therefore the partnership is a logical addition of Lexell Blue’s tenet of meeting its client’s needs with the finest solutions available. Together, Lexell Blue and Tiber deliver a robust data solution tuned to fit the needs of their clients.
Visit Tiber Solutions at www.tibersolutions.com
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.
- The evolution of Costpoint Project Manufacturing
- Supporting the full Product Lifecycle
- Compliance – DFAR, MMAS
- Who is using Costpoint Project Manufacturing?
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-96: 3 Reasons to Revolutionize Your Costpoint Solution
Tuesday, November 15: 08:45 AM – 09:45 AM National Harbor 2
Does this sound like your Costpoint System? 1. Rapid integration of acquisitions has resulted in a “”hodge podge”” of configuration and data 2. You haven’t incorporated new or have underutilized functionality 3. Executives struggle to get consumable data they need for optimal decision making Does the system not jive with your way of doing business and is now more inefficient than ever because of the old design? Transformation means changes to important structures (i.e. organization, account, project) that have for the most part been in place for a long time. Economic dynamism, growth, mergers, internationalization, consolidation and diversification can be significant drivers of such changes. They affect the technology as profoundly as they affect the business itself; therefore, it’s time to address these issues with our proven strategies.
CP-81: The best ‘waze’ to get to destination ‘MRP’!
Wednesday, November 16: 10:05 AM – 11:05 AM National Harbor 13
Looking to embark on that next leg of your manufacturing maturity journey to leverage full MRP planning? Unsure of which turn to take first and how long it will take? This session provides clarity to all the tasks to perform, potholes to avoid and the most effective route to utilizing Costpoint MRP planning. It also covers the significant enhancements made in Costpoint 7.1.1. No manufacturing organization is too small or unique to realize significant efficiency improvements by automating the planning function. Leverage lessons learned from those who have traveled this route before.
We are once again sponsoring the chair drop at the GovCon mini-general session..what wonderful surprise awaits you there? You’ll have to attend to get one!
|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.