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Enabling best practices throughout the planning and forecasting cycle is mission critical to the strategic, long-term success of every government contractor. All government contractors need to spend more time on forward-looking analysis in an effort to stay ahead of trends and regulatory changes that are continually impacting the industry. As a result of changing fiscal policy and increased competition, government contractors need to be strategic in growing revenue, managing costs and finding ways to sustain their competitive advantage.
Ultimately, it is essential that the various components of the planning cycle “work together” within a comprehensive, purpose-built solution to enable alignment of the following:
- Performing P&L planning by contract types, work breakdown structures and labor categories
- Linking the results of the planning process to drive the indirect rate allocations
- Automating complex calculations and processes related to the formulation of indirect rates
- Integrating the timely transfer of data across applications and with external systems
- Creating a self-service reporting model that leverages dashboards and mobile analytics
We’re hosting a webinar on Wednesday, June 6 — “Best-In-Class Planning & Forecasting for Government Contractors” to demonstrate how some of the largest government contractors in the Mid-Atlantic region are leveraging Oracle’s Enterprise Planning and Budgeting Cloud Service (EPBCS) to transform their organization’s planning processes.Topics to be discussed include:
- Performing project-based estimate to completion, budgeting and forecast, and reporting and analysis using Oracle’s Cloud solutions
- Automating the calculation of indirect rates
- Applying rates to direct costs and deriving the related revenue and indirect expenses
- Performing complex waterfall allocations of service centers (cost pools) to indirect rates
- Shifting the focus of the planning cycle from data collection to forward-looking analysis
