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San Ramon, CA, United States, 2012/11/14 - Sunflower Systems®, the leader in enterprise asset management software and solutions will participate in a complementary webinar to discuss compliance to the DFARS “Business Rule”.
On November 15, 2012 at 1:30 pm. EST Ascot Associates will interview Sunflower subject matter experts regarding one of the newest challenges facing government contractors doing business with the Department of Defense which is mitigating risk under the new DFARs 252.242-7005 "Business Systems Rule". This clause puts contractors at risk for losing 5% or even 10% of their payments if one or more of their six business systems are not deemed adequate, including their Material Management Accounting System (252.242-7004) and their Property Management System (252.245-7003).
Ascot Associates is hosting this complimentary 30-minute briefing,"Property and the Business Systems Rule" describing the requirements and risks that contractors now face with regards to the property and material on their Contracts. Along with the experts from Sunflower Systems, the webinar will explain the steps contractors can take to make sure their Property Management system and MMAS contain the data elements, policies and procedures required under these new contract clauses. Following this session, participants will have a clear understanding of what the government will be looking for, what policies and procedures you should have in place to insure your organization is not at risk for these payment withholdings, and how industry leading solutions can be leveraged to avoid potentially devastating penalties.
About Ascot Associates
Ascot Associates (ascotassociates.com) provides management solutions and expert services in the broad area of asset management. In addition to business process engineering and documentation, Ascot Associates performs compliance consulting, training and workshops, systems integration, software implementation, and technology assessment and integration services. With over 50 years of experience represented on staff, Ascot Associates are well respected in many markets, including Federal Government, Higher Education, Government Contractors, Manufacturing, and High Technology.
About Sunflower Systems
Sunflower Systems (sunflowersystems.com) is an enterprise asset management solutions company specializing in the deployment of software tools and business processes to simplify asset management tasks. Sunflower’s portfolio of solutions enables organizations to improve decision-making, accountability and regulatory compliance for all types of assets including personal property, real property, IT assets, materials, vehicles and more. Sunflower Systems offers a wide range of services including software implementation, training, consulting and operational support. Sunflower Systems has been serving the property management needs of federal government agencies, universities, government contractors and national laboratories since 1997. The company has offices in San Ramon, California and Arlington, Virginia.
Ascot Associates and Sunflower Systems are registered trademarks. Other names may be trademarks of their respective owners.