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Poor and inaccurate accounting can lead to consequences like frequent audits, possible legal action—or even nonpayment. You need to understand the new eTools, regulations, and legislation that promise to streamline your daily accounting processes, speed contract payment times, and ultimately increase your cash flow. Help is on the way!

Don’t miss your best chance to get up-to-the-minute solutions for fast payment, tips and strategies for audit avoidance and survival, and the latest in contract tax compliance guidance.

It’s more important than ever that you get the solutions you need throughout the year. That’s why we have put all 7 sessions plus the Cost Accounting Workshop from the successful 16th Annual Fast Tracks 2007 Conference and Cost Accounting Workshop on DVD. Share this valuable information with colleagues. Have available important guidance when you need it. Catch some sessions you may have missed.

Fast Tracks 2007 Conference and Cost Accounting Workshop Sessions on DVD

DVD #1
DCMA E-Business Initiatives: What They Mean to Your Business
DCMA is at the forefront of the government’s ever-evolving E-business initiatives and manages 360,000 prime contracts worth $900 billion. Dave Guinasso, Director of DCMA’s E-Business Directorate, joins us to introduce the very latest paperless contracting systems and applications designed to save you time and money. You’ll get plain-English guidance on how to:

• Use new DCMA electronic applications to save time by streamlining and automating your daily processes.
  
• Gain instant, paperless access to essential eTool applications through DCMA’s all-new External Web Access Management (EWAM) program.
  
• Stay compliant with DFARS electronic invoicing requirements and prepare for the anticipated WAWF-only invoicing rule.
  

Speaker: Dave Guinasso, Director of DCMA’s E-Business Directorate

DVD #2
IPP Unveiled: New System for Centralized Contract Payment

It’s here! The Treasury’s much-anticipated Internet Payment Platform (IPP) is finally here. This centralized payment information service for contractors and federal agencies will eliminate paper and cut payment cycle times in half. Now you can get paid faster without all the hassle. Find out how to get on board with this new initiative so you can:

• Quickly and easily track payments, digital orders, and more with IPP’s complete visibility to the entire payment process.
  
• Stay on top of all payment-related reports with fast electronic remittance data, email notifications, and online reporting.
  
• Conveniently view orders, invoices, and payment data on one single site.
  

Speaker: Brett Smith, Agency Enterprise Solutions Manager Financial Management Service, Department of the Treasury

DVD #3
The Future of WAWF-only Electronic Invoicing

DFARS rules already require electronic invoicing, and a WAWF-only invoicing requirement is coming. You need to be ready. Wide Area Workflow is fast becoming the most convenient online solution for you to electronically submit invoices and receiving reports. Find out how to streamline your payment processes and stay compliant with the latest in electronic invoicing regs. You’ll also learn how to:

• Submit invoices and receiving reports in real-time, as well as digital DD250s for e-acceptance.
  
• Get paid on time by eliminating lost or misplaced documents.
  
• Maintain document visibility throughout the payment lifecycle.
  

Speaker: Carol Albany

DVD #4
Staying in Compliance: New Regs on Pricing, Costs, and Pay Rates
New FAR T&M and LH rules could seriously affect your subcontracting agreements and ultimately the amount of money you are reimbursed. The requirements change labor hour reimbursement rates—whether the work was performed by the prime or the subcontractor. And that’s not all. A subsequent FAR rule changed the definitions and usage of several terms related to Cost or Pricing Data. You need to know how these changes will affect your business. In this session, you’ll find out:

• How the regs affect your contract reimbursements and ultimately your bottom line.
• The key changes to pricing, pay rates, and direct and indirect costs that you need to know.
  
• When to expect agencies to pull information other than cost and pricing data during price analysis.
  

Speaker: TBA

DVD #5
The Role of Accounting in Preparing a Best Value Cost Proposal

As accounting folks, you play a bigger role in helping your company win government contracts than you think. You are often involved in the cost proposal for government Request for Proposal (RFP) responses, but you probably don’t really know what the technical people are trying to “sell.” Joe Nocerino will give you an all-encompassing look at your role in the proposal preparation process. You’ll find out:

• Everything you ever needed to know about “best value” and what it means for the entire proposal writing process.
  
• Best practices for integrating best value within the technical proposal.
  
• Ways that you can help prepare a cost proposal that sells best value.
  

Speaker: Joe Nocerino, CEO, Century Planning Associates Inc.

DVD #6
Best Practices for Today’s Contract Accounting Professional

Veteran GCI speaker Nolan Saylor returns again to deliver advice as a DoD contractor who has learned the tricks of the trade for getting paid fast on million-dollar contracts. He’ll give you:

• Best payment practices for getting your invoice out the door and your payment in the bank.
  
• Take-home tools and tactics for accounts receivable professionals, from how to make e-invoicing easy to dealing with pre-validation.
  
• Answers to your toughest payment questions that come from years of experience.

Speaker: Nolan Saylor, Accounts Receivable Manger, BAE Systems

DVD #7
Solving and Preventing Accounts Receivable Issues

“All problems show up as accounts receivable problems,” says highly-rated speaker Bill Blumberg, Principle of Federal Contract Solutions and former DFAS analyst.
Back by popular demand! Bill returns to this year’s Fast Tracks with new material, new guidance, and best practices for not only solving—but avoiding—many of the problems A/R personnel face. In this updated session, find out how to add value to your operations with a combination of critical diagnostics and proven company policy restructuring. You’ll also get tips and strategies to help you:

• Increase cash flow by implementing key company procedures like proper invoice submission and prompt follow-up with your payment office.
• Collect interest—sometimes as much as double—from the government by leveraging the Prompt Payment Act.
• Plus, get your most pressing A/R questions answered by the expert!
  

Speaker: William Blumberg, Principle, Federal Contract Solutions