Does the following scenario sound familiar?
Your GovCon’s internal team is stretched thin by the multitude of tasks necessary to keep your business on track—regulatory compliance, contract terms, technology advances, and your firm’s own business evolution. Or you have outgrown your basic bookkeeping function and don’t truly understand the complexity of government contracting
While these scenarios are not unusual among GovCons, the fact is that outsourcing to GovCon Accountants can mitigate the risks of maintaining an internal accounting staff or working with general bookkeepers:
Mitigate Staffing Disruptions
- Avoid Turnover Churn. It is hard to predict staff turnover and the expenses that go with it. High turnover in internal accounting teams can disrupt financial processes and reporting. Outsourcing with CAVU GovCon financial experts can provide stability and consistency so you can focus on recruiting and hiring direct/billable staff who produce revenue.
- Take Advantage of Scalability/Flexibility. CAVU’s full team of outsourced financial professionals can grow and scale with your company’s business cycles, handle your surge needs, and relieve you of the long-term commitment of hiring or laying off staff.
- Support M&A. Have a team in place to support you through mergers and acquisitions (M&A) and alleviate the stress of how to handle internal accounting staff if you decide to sell your company.
Mitigate Unexpected Costs
- Make Budgeting More Predictable. Outsourcing converts costs such as salaries, benefits, office equipment, and office space into one service fee, offering more predictable budgeting and reducing financial risk.
- Avoid additional unexpected Costs. Outsource accounting and eliminate the unexpected costs of training, software licensing, retention bonuses, and other overheads of maintaining an internal team.
Access Expertise as Required
- Keep Up with Complex Government Regulations. CAVU’s specialized expertise helps keep you up-to-date with regulatory requirements and ever-changing rules. Small and medium-sized GovCons frequently struggle to maintain an internal team with deep knowledge of government contracting accounting standards.
- Rely on Advanced Financial Analysis. CAVU’s team includes experts in financial analysis, providing deeper insights and more accurate financial forecasting, which internal teams may struggle to deliver. We use cutting-edge accounting software and technologies that deliver insightful financial reporting used for decision making necessary for business owners to grow their organizations.
- Augment Expertise. Even with a top-notch internal accounting team, a situation may arise that requires you to add bench strength and expertise. CAVU is experienced in working well with our client’s existing staff to add capability. You can bring in specialized skills for specific projects or a consistent augmented area to add just the amount of support and expertise your organization needs.
Risk Mitigation Means Improved Strategic Focus
With your accounting tasks handled by your outsourcing partner, your team is free to perform core activities that drive growth without the risk of spreading your staff too thin. Leadership can increase focus on strategic decision-making using the accurate and timely data provided by financial experts in the government market.
Contact CAVU to find out more about how outsourced accounting can mitigate risk and boost your business’s performance.