U.S. Government contractors with flexibly priced contracts must file an Incurred Cost Submission annually under FAR clause 52.216-7, Allowable Costs and Payment. The basic premise of this filing is to report actual costs incurred on government contracts, including both direct and indirect costs, and to reconcile them to the amounts billed. These cost proposals are due six months following the close of the company's fiscal year and for good reason. It takes most government contractors every bit of six months to produce these reports.
Automate your ICS preparation with Dassian Incurred Cost Reporting. It makes short work of filing your ICS annually and provides for the seamless creation of the Incurred Cost Submission (ICS) schedules within SAP® ERP. Dassian ICR is designed to provide an out of the box solution to the ICS reporting challenges faced by government contractors. You can even use Dassian ICR as an analytical tool to calculate your indirect rates any time and always know your indirect rate variances.
Incurred Cost Reporting With the Click of a Button
ICR - An Analytical Tool
Easily Generate 'What If' Scenarios
Measure Performance Anytime
Don't Be Surprised At Year End
Dassian ICR extracts all cost information and provides this data at your fingertips while automating the error prone drudgery of extracting contract and cost information for the purpose of building your ICE model in Excel. ICR allows your company to reduce the costs and length of time associated with producing your ICS submittal while freeing the analyst for other important things like making the adjustments and annotations required for a completed ICS submission.
Dassian ICR's native integration in your SAP ERP system provides one source of truth for audits, while drastically reducing the time it takes to calculate actual indirect rates for costing and rate analysis.
Dassian ICR makes it easy to quickly export all or some of your ICR schedules and reports into separate MS Excel workbook tabs.