Tracking Military IT Assets

The US Congress mandates that the Department of Defense keeps track of and is accountable for all of their property down to the individual unique asset level. The DoD is arguably the largest organization in the world with estimates of 130 million individual assets in their custody. Keeping track of an inventory of this [...]

By | June 6th, 2017|Blog|Comments Off on Tracking Military IT Assets

Understanding the Role of DCMA

The Defense Contract Management Agency (DCMA) is an agency under the U.S. Department of Defense that works directly with defense contractors to ensure government supplies and services are delivered on time, come in at projected costs, and meet all performance requirements. The role of DCMA is to protect the government and ensure that the expected [...]

By | June 1st, 2017|Blog|Comments Off on Understanding the Role of DCMA

DCMA Survival Guide

The prospect of getting audited by the federal Defense Contract Management Agency (DCMA) can feel daunting and nerve-racking. For your organization to be deemed compliant with DCMA’s exacting requirements and specifications for government contracts, all employees should have a thorough understanding of your property management and shipment requirements, Item Unique Identification (IUID) methods and [...]

By | May 24th, 2017|Blog|Comments Off on DCMA Survival Guide

The Impact of the FIAR Deadline – Now Available On-Demand!

With the start of Fiscal Year 2018 on October 1st -- The FIAR (Financial Improvement and Audit Readiness) Initiative dictates that all mission critical military assets be audit ready from “floor to books” and “books to floor”. In other words, the FIAR Mandate is calling for complete accountability of all DoD assets and property [...]

By | May 18th, 2017|Blog|Comments Off on The Impact of the FIAR Deadline – Now Available On-Demand!

How to Be Audit-Ready by the FIAR Deadline

September 2017 is quickly approaching -- is your organization prepared for the FIAR (Financial Improvement and Audit Readiness) Initiative? This major Department of Defense endeavor requires military contractors and program managers to report property existence and to validate the completeness of their inventory records by September 30th, 2017. Whether you’re in one of the [...]

By | April 24th, 2017|Blog|Comments Off on How to Be Audit-Ready by the FIAR Deadline

DoD’s Plan to be Audit Ready

The Financial Improvement and Audit Readiness (FIAR) initiative will reach a major milestone on September 30, 2017. The entire Defense community needs to understand that as we begin Fiscal Year 2018 on October 1st -- the FIAR Directive dictates that all accountable assets be audit ready. The US Congress is holding the DoD accountable to [...]

By | April 13th, 2017|Blog|Comments Off on DoD’s Plan to be Audit Ready

Auto ID Technology Lies at the Core of FIAR Compliance

Big milestones are coming up in 2017 for the FIAR (Financial Improvement and Audit Readiness) Directorate, which will affect the way defense contractors do business. It is imperative that all contractors understand and follow the new Directorate, and also understand how Auto ID technology such as barcode and RFID, lies at the core of FIAR [...]

By | March 28th, 2017|Blog|Comments Off on Auto ID Technology Lies at the Core of FIAR Compliance

IUID: The Key to Achieving FIAR Compliance

The Item Unique Identification (IUID) policy has been in place since 2004. This Department of Defense policy allows for the unique identification of assets to streamline the process for the accountability of those assets.  In order to meet your Financial Improvement and Audit Readiness (FIAR) compliance requirement you must be audit ready [...]

By | March 20th, 2017|Blog|Comments Off on IUID: The Key to Achieving FIAR Compliance

The 2017 FIAR Directorate Deadlines

The Department of Defense has made it clear that it is committed to having fully auditable financial statements by the end of September 2017. This was the deadline that was established by Congress in the National Defense Authorization Act of 2010. Since 2005, when the Financial Improvement and Audit Readiness (FIAR) Plan was first issued [...]

By | March 8th, 2017|Blog|Comments Off on The 2017 FIAR Directorate Deadlines