Government contractors are closely scrutinized when it comes to safeguarding their systems and data. With so many of today’s companies relying on cloud-based systems because of their capacity and flexibility, governments at the federal level want to ensure their contractors are using systems that are secure and compliant with regulatory standards.
A myriad of compliance standards exist that financial leaders within government contracting firms need to be familiar with, and they tend to go above and beyond the typical regulations that concern the finance team. The challenge for the CFO is to have full visibility into all of the company’s revenue streams to accurately manage and attribute costs to various government projects.
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