Smaller sized contractors often struggle with the financial commitment to replace their QuickBooks or Peachtree accounting system with a true DCAA compliant system
Reston, VA (PRWEB) October 20, 2009
Republic Capital Access, LLC (RCA) announces that they have chosen JAMIS Software Corporation as a strategic technology partner.
RCA's mission is to provide working capital for companies doing business with the United States Government. RCA's funding program, RCAAdvantage®, uses a proprietary underwriting and invoice processing system which allows companies doing business with the US Government to turn government obligations into cash. The result is a predictable, reliable, and flexible method for funding working capital needs.
RCA's reliance on the US Government as the ultimate obligor, not on its customer's balance sheet, has paved the road towards the partnership with JAMIS. JAMIS Software has been a leading provider of job-cost, billing and labor management solutions for government contractors for over 20 years and is regarded as a best-of-breed provider. JAMIS solutions are proven and will ensure a contractor has a system in place that will pass any DCAA audit and accurately bill the US Government to maximize cash flow.
"We were looking for a true partner that would complement our services to our clients and give them the proper tools in order to grow their company. JAMIS is a proven leader in the government contracting space. When RCA customers choose JAMIS as their solution, we are confident they have an outstanding job cost and billing system that will provide the proper foundation for accurate billing and fast cash receipts," explains Ed Stucky, President, and CEO of Republic Capital Access.
RCA will offer a discount of 10% off their service fees for all clients that purchase JAMIS licensing or subscribe to JAMIS hosted services. In many cases, the discount will lead to the customer getting a proven government accounting system with minimal or no investment.
"Smaller sized contractors often struggle with the financial commitment to replace their QuickBooks or Peachtree accounting system with a true DCAA compliant system," said Steve Brander, Vice President of Sales and Business Development for JAMIS Software Corporation. "With the new strict DCAA audit requirements, government contractors may find themselves with unapproved systems and subsequently will have some percentage of their billings withheld, causing significant problems with cash flow and liquidity. Lengthy delays in cash flow and government withholdings of payment can cripple a business and sometimes force closure of an enterprise trying to grow to the next level."
"JAMIS is excited to be working with RCA," said Steve Brander. "RCA has a common focus to help government contractors grow their business. Contractors working with the RCA/JAMIS team will have the proper tools to significantly expand and grow their enterprises. The JAMIS/RCA relationship is a great example of partners with great synergy that will truly create opportunities for contractors to alleviate capital constraints and grow.
About Republic Capital Access (RCA)
Republic Capital Access funds obligations of the United States Government, thereby providing a guaranteed, stable, predictable cash flow for companies doing business with the United States Government. RCAAdvantage®, RCA's proprietary underwriting and payment processing system, results in a customized, flexible, and secure program for funding the working capital needs of companies doing business with the U.S. Government. RCA's innovative underwriting analysis and servicing capabilities, coupled with the strength of our partners, Stephens Inc., KBC Group, Mariner Capital Ventures, and Terra Vista Software give us the ability to provide our clients with the very best program for funding their growth. For more information visit RCA on the web http://www.republiccapitalaccess.com or call us today at (571) 323-7606.
About JAMIS Software Corporation
JAMIS Software has been providing a comprehensive set of time-and-expense, project accounting and back office financial solutions for government contractors for over twenty years. The fully integrated, easy-to-use system is designed to be compliant with DCAA and government contracting regulations (FAR and CAS). Although the largest government contractors rely on JAMIS (Raytheon, Lockheed Martin, ITT and Booz Allen Hamilton) any size company can benefit from the JAMIS advantage.
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