When Growth Ambitions Needed Financial Foundation
A startup aerospace company, preparing to receive its first government contract had ambitious growth plan of $100 million in revenue within four to five years. To scale successfully, it needed a financial and compliant foundation built for rapid growth. With a lean six-person team following its seed funding round, building an internal back-office team would have pulled capital and focus away from innovation, delivery and market expansion.
Establishing the Systems and Support for Scale
Cherry Bekaert helped guide the Company forward with Deltek Costpoint, pairing the enterprise resource planning (ERP) platform implementation with a fully outsourced accounting and government contracting advisory solution. This approach provided the Company a practical path to manage growth without building a fully internal finance function too early.
Cherry Bekaert supported the setup of core financial processes, helped align the system to government contracting requirements and provided ongoing accounting support to keep day-to-day operations moving. The Deltek Costpoint implementation provided capabilities for:
- Accounting operations
- Month closing
- Government billing through Wide Area Workflow (WAWF)
- Customer reporting
- Defense Contract Audit Agency (DCAA) compliance
- Audit representation
Compliance. Clarity. Confidence.
Cherry Bekaert integrated every aspect of the financial operations, starting with Deltek Costpoint and a strong team and expanding into the broader support the client needed to grow. This included tax planning and preparation, Cybersecurity Maturity Model Certification (CMMC) readiness, research and development (R&D) tax credit strategies, proposal support, and part-time chief financial officer (CFO) guidance for board meetings. Hence, the client gained access to a coordinated team of trusted advisors without the cost or complexity of hiring internally.
This engagement helped preserve capital while giving leadership the financial insight, compliance support, and reporting structure needed to make informed decisions. It also allowed the Company’s lean internal team to stay focused on innovation, customer delivery and new contract opportunities. With this foundation in place, the Company can scale with confidence and rely on financial, compliance and reporting infrastructure built to grow with the business.
Let Us Guide You Forward
Deltek Costpoint is an ERP solution designed specifically for government contractors, enabling organizations to manage project accounting, compliance, reporting and contract requirements. Cherry Bekaert combines Deltek Costpoint implementation and support services with government contracting experience and a cross-functional team spanning accounting, tax, risk and advisory services. This collaborative approach aligns technology, compliance and operational priorities while supporting growth and evolving business needs.
Learn how Cherry Bekaert's Deltek Costpoint services can support your government contracting and growth objectives.
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