Comp Three has provided processing, accounting and IT systems expertise to the aerospace and defense industries since 1998.Comp Three engineers developed a government billing and accounts receivable application used by a major defense contractor. This system conforms to FAR standards set forth by the federal government, collecting costs and invoicing in the specialized government billing areas of time and materials, progress payments, cost-based billing and shipment-based billing. Comp Three’s specialized security and auditing tools have also helped our defense industry clients monitor and remediate Sarbanes-Oxley compliance issues.
Recently, Comp Three completed a project enabling the SAP R/3 system to perform FAR compliant costing, invoicing and auditing of contracts let by the U.S. Department of Defense . As a part of this overall implementation, Comp Three migrated the old legacy application and data to a ColdFusion Oracle environment, satisfying audit requirements while allowing the customer to eliminate the obsolete system and its associated support costs.
Government auditing, cost tracking and invoicing requirements are complex, specific and highly specialized, and can deter some companies from seeking government contracts. Comp Three’s thorough understanding and experience in government and defense systems can help your company enter this profitable sector.
If you are a government contractor struggling with an old or partly manual system, we can help you automate your government supplier software.