2020 GAUGE Report Highlights Government Contractors’ 2020 Stressors and Priorities
Sep 17, 2020
New analysis from Unanet and CohnReznick reveals how the pandemic, new regulations, technology, and other factors are impacting GovCons. Dulles, VA, Aug. 17, 2020 – Unanet, the leading SaaS project-based Enterprise Resource Planning (ERP) provider, and CohnReznick LLP, the global advisory, assurance, and tax firm, today released the annual GAUGE Report 2020. Drawing its findings from a survey of more than 1,450 U.S. government contractors (GovCons) of all sizes, types and industries, the fourth annual edition of the report reveals a variety of compelling storylines, best practices and benchmarks from the GovCon world. Unsurprisingly, the GAUGE Report’s standout metrics this year highlight the significant impact the COVID-19 pandemic, as well as new regulatory policies, are having on government contractors. Some key findings from the report: Optimism among respondents dropped from 84% in early 2020 to 68% later in the year after the pandemic hit, while pessimism doubled from 5.5% prior to the pandemic to 11% during the same timeframe.The cost of compliance continues to concern GovCons, with 30% of respondents identifying it as their most pressing concern, double the 15% share that named compliance cost as their top concern just two years ago. This is likely due to Business Systems, CMMC, and FAR compliance now being crucial for successful award wins. “These concerns and sentiments are to be expected given the current economic climate,” said Kim Koster, VP of GovCon Strategy for Unanet and co-author of the GAUGE Report. “However, what stands out is the relative comfort among businesses that have adequately prepared for variables through strong technology investments and operational efficiencies. We see more optimism in companies that feel secure in their ability to be operationally efficient.” Operational efficiency is a stressor for many GovCons, but the industry is moving toward more technology-based solutions to alleviate this pressure. Ways technology is helping include: 59% of respondents reported that at least three-quarters of all their projects were on or under budget, an improvement over prior years.55% of GovCons report their resource management practice as mature, an increase from previous years. However, a significant number of companies still use spreadsheets and manual process for resource management, leaving room for further improvement. “The takeaways from this year’s GAUGE Report show that technology is helping government contractors weather this regulatory, COVID and economic storm,” said Christine Williamson, Partner, CohnReznick and co-author of the GAUGE. “We’re seeing the positive effects of many GovCons using technology to help run their businesses. However, not all are truly using it to run their businesses better. There is extensive opportunity and upside for GovCons to leverage technology to empower their team, be more productive, and improve competitiveness.” The 2020 GAUGE Report is available for download on the Unanet website. About Unanet Unanet is a leading provider of ERP solutions purpose-built for Government Contractors, A/E, and Professional Services. More than 2,000 project-driven organizations depend on Unanet to turn their information into actionable insights, drive better decision-making, and nurture business growth. For more information, visit www.unanet.com. Follow Unanet at @UnanetTech on Twitter and Unanet-Technologies on LinkedIn. About CohnReznick As a leading advisory, assurance, and tax firm, CohnReznick helps forward-thinking organizations achieve their vision by optimizing performance, maximizing value, and managing risk. Clients benefit from the right team with the right capabilities; proven processes customized to their individual needs; and leaders with vital industry knowledge and relationships. Headquartered in New York, NY with offices nationwide, the firm serves organizations around the world through its global subsidiaries and membership in Nexia International. For more information, visit www.cohnreznick.com. # # # Media Contact: Claire Mylott Feed Media for Unanet 303-257-2928 firstname.lastname@example.org
Unanet Selected to Inc. 5000 for Third Consecutive Year
Sep 17, 2020
Dulles, VA, Aug. 12, 2020 – Unanet, the flexible project-based ERP software purpose-built for government contractors, architecture, engineering and professional services industries, today announced it has once again been named to the prestigious Inc. 5000 list. Ranked no. 4189, this is the third consecutive year Unanet has been honored on this list of America’s fastest-growing private companies. Earlier this year Inc. also placed Unanet in the top 10% of fastest-growing private companies in the D.C. metro region. Unanet’s success is driven largely by customer growth in the government contractor (GovCon) space, as well as the architecture and engineering (A/E) industries, via Unanet’s 2019 acquisition of Clearview Software. Unanet has been particularly successful at attracting customers that are seeking a more service-oriented ERP platform than they have been using. “One-third of Unanet’s customers have switched to us from a competitive product, and this trend is increasing,” said Greg Guelcher, Chief Financial Officer, Unanet. “Our growth is a result of the steady investments we’ve made in our software and our team, all due to collaboration with and feedback from our customers. Our customer-first, people-oriented strategy is paying off.” “The companies on this year’s Inc. 5000 come from nearly every realm of business,” says Inc. editor-in-chief Scott Omelianuk. “From health and software to media and hospitality, the 2020 list proves that no matter the sector, incredible growth is based on the foundations of tenacity and opportunism.” In addition to completing the acquisition of Clearview and folding that software into its suite of solutions in 2020, Unanet has launched several new initiatives and enhancements to its award-winning ERP platform. The company has also fortified its executive staff with the additional of several experienced team members including a new Chief Customer Officer, Chief Product Officer, Chief Marketing Officer and Senior Vice President of Sales. Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/inc5000. The top 500 companies are also being featured in the September issue of Inc., available on newsstands August 12. To learn more about Unanet, please visit www.unanet.com
Craig Halliday Comments on New Analytics Features
Jul 28, 2020
Unanet recently announced that the company has made additions to its enterprise resource planning (ERP) software offering with new features designed to help government contractors gain business insights and increase operational efficiencies, the company announced Thursday. Craig Halliday, CEO of Unanet, recently added commentary about the company’s latest offerings. He stated: “Unanet GovCon was built from the ground up, for government contractors. There are no bolt-ons, incompatible features, or awkward forcing of disparate solutions, which is rampant among competitive products.” Read Craig Halliday’s comments about how we worked with customers to build new real-time data management and reporting access features to help give customers deep-dive analytics in ExecutiveGov’s article.
Unanet Releases New Analytics Capabilities for Government Contractors
Jul 23, 2020
Dulles, VA, July 23, 2020 – Unanet, the leading SaaS project-based Enterprise Resource Planning (ERP) provider, today released several new best-in-class features for its award-winning software, which are designed to help government contractors (GovCons) unlock their data for meaningful business insight and significantly improve the efficiency of their operations. The new features are Analytics+, Analytics Studio and Automated Invoice Attachments. Analytics+ is an industry-leading new capability that provides GovCons with an array of dashboard and reporting functionality. The new analysis and reporting capabilities build upon the software’s real-time data visualization features that enable GovCons to aggregate data from multiple sources across finance, accounting, and project management for automatically generated reports, including statements of cash flow. Unanet Analytics+ is a value-laden feature that is included in customers’ cloud subscription. Analytics Studio is a new add-on capability, allowing GovCons that require advanced analytics and custom reporting to further mine their data for real-time insight. Analytics Studio offers customers a deeper level of analysis and drill-down capabilities so they can interact dynamically with their data. Feature-rich, expert-level dashboards, including C-Suite dashboards, are embedded in Analytics Studio, and customers can further customize them for their unique business needs. This advanced feature offers additional functions, including crosstab reports and dynamic auto-filling report templates (Pixel Perfect) reporting. Automated Invoice Attachments allows finance teams to shorten time to cash by automatically generating required or supporting documents for invoices quickly and easily, using several common attachment formats. “Government contractors are facing challenges – from increasing competition to compliance and audits, to cybersecurity,” said Craig Halliday, CEO of Unanet. “From the C-suite to the project management level, finance to operations, our new analytics capabilities allow for better decision-making across virtually every function. Having the ability to report, analyze, and visualize data all in one ERP enhances GovCons’ understanding of their business and gives them the ability to make confident decisions.” “These five years with Unanet have been a great partnership and we look forward to implementing some of their new features that will continue to drive efficiency into our organization including Unanet Purchasing and Analytics,“ said Bob Deegan, Chief Financial Officer, Array Information Technology, a leading IT products and services firm. “We see Unanet as a core enabler supporting our anticipated growth over the next 5 years.” Analytics+ helps teams discover trends for business drivers, including resource allocation, revenue, costs, cash flow, and timing. This powerful tool offers role-based and permission-based reports and dashboards, so team members can easily communicate to their stakeholders with the precise and relevant information they need to do their jobs, including the metrics that matter to them. Unlike competitive products, Analytics+ is integrated into Unanet as a seamless solution with extraordinary value. “In today’s highly fluid, dynamic business world, real-time information is more critical than ever,” continued Halliday. “Our new analytics capabilities, built upon our real-time data insight engine, are a game-changer for GovCons who can’t wait around for next week to make a decision.” Unanet plans to roll out additional capabilities throughout 2020. About Unanet Unanet is a leading provider of ERP solutions purpose-built for Government Contractors, A/E, and Professional Services. More than 2,000 project-driven organizations depend on Unanet to turn their information into actionable insights, drive better decision-making, and nurture business growth. For more information, visit www.unanet.com. Follow Unanet at @UnanetTech on Twitter and Unanet-Technologies on LinkedIn.
Unanet’s VP of Product Marketing’s Article on the CARES Act Featured in GovCon Wire
Jun 18, 2020
Government contractors have the opportunity to secure relief under the Coronavirus Aid, Relief, and Economic Security (CARES) Act or Paycheck Protection Program (PPP) and they should prepare for emerging rules and regulations around compliance, reporting, auditing, and accounting. In order to provide financial assistance as quickly as possible during this crisis, not all of the details were fleshed out in advanceSo, the Department of Defense (DoD) recently provided guidance for contracting officers (COs) to help bring clarity by issuing a Class Deviation – CARES Act Section 3610 Implementation document. These guidelines emphasize the critical need for GovCons to prioritize their relationship with their CO during this unusual time, and have strong control measures in place, the survival of effected businesses may depend on two way communication and collaboration. Read the full article, written by our VP of Product Marketing Kim Koster, in GovCon Wire.
Stripe Expands its Service to Five European Countries, Reports IBS Intelligence
Jun 17, 2020
US-based global technology company, Stripe, announced its launch in five European countries, including the Czech Republic, Romania, Bulgaria, Cyprus, and Malta. The company aims to leverage the acceleration in Europe’s online economy growth amidst COVID-19. The launch is expected to enable European entrepreneurs and businesses to start accepting payments online from around the world in a matter of minutes. IBS Intelligence recently reported that Virginia-based Unanet, a provider of ERP solutions, announced that it has integrated payments processing technology from Stripe. Learn more about Stripe’s expanded service in IBS Intelligence.