Unanet provides a comprehensive suite of features tailored to help government contractors efficiently manage people and projects. These features are designed not only to enhance cost control and profitability but also to improve overall performance while ensuring compliance with complex government regulations. At Redstone GCI, we’ve seen firsthand how proper implementation of Unanet can streamline operations, significantly reducing processing costs compared to outdated or manual systems. With its robust capabilities, Unanet is built to meet the stringent requirements of federal government timekeeping and expense reimbursement, making it a valuable tool for contractors aiming to maintain compliance and improve operational efficiency. Our team specializes in helping government contractors unlock the full potential of Unanet, ensuring it is implemented and utilized effectively to deliver maximum value.
Key Factors of Timekeeping for Government Contractor Compliance
Time Tracking
The fundamental use of time tracking against specific tasks or projects helps to accurately capture the labor spent on each project to ensure that billable hours are recorded correctly.
Task Assignment and Approvals
Project managers use this platform to assign tasks to employees and approve and review their timesheets. Maintaining accountability and accurate time reporting is vital to remaining compliant.
Cost Collection and Allocation
Contractors can allocate their time and expenses in Unanet to specific cost objectives. These objectives are contracts, tasks, or projects based on the requirements of the government. Allocating ensures compliance with Cost Accounting Standards (CAS).
Labor Distribution
Contracts can require labor distribution reports to help track and allocate labor costs across funding sources and project elements. Unanet provides tools to help generate reports, which makes it easier to comply with reporting requirements.
Compliance Reporting
The reporting in Unanet helps contractors remain in compliance with regulations and requirements, including reports such as the labor distribution report, incurred cost reports, and time and materials reports. These reports are easily found in the report’s dashboard and Unanet Analytics.
DCAA Compliance
Unanet is designed to support the requirements of The Defense Contract Audit Agency (DCAA). Time and labor tracking, expense reports, and audit support are just some of the functionalities that help contractors adhere to DCAA regulations.
Audit Support
Audit support is maintained in Unanet through the audit trails of timekeeping and expense modules. This makes it much easier to respond to audits and inquiries from the government.
Integration
Unanet connects with other accounting and ERP systems to streamline data and ensure financial reporting accuracy.
How Redstone Can Help
Government contractors have a strong timekeeping system and compliance platform with Unanet, where contracts can meet regulatory requirements and be transparent about their projects. Let Redstone GCI assist you in managing your timekeeping and compliance needs by leveraging Unanet’s robust features. Our team of experts will assist you in implementing time tracking, task assignments, and cost allocations to ensure accurate record-keeping of labor hours and project expenditures. We provide ongoing assistance with DCAA compliance and audit preparation to ensure you remain ahead of regulation requirements. Partner with us to help make sure your timekeeping follows government standards to improve performance and profitability.
