GSA Announces Change in Contract Requirements under MAS Solicitations
On February 24, 2021, the US General Services Administration (GSA) issued a memorandum for all GSA contracting activities announcing the waiver of experience and annual financial statement requirements under the Multiple Award Schedule (MAS) solicitation due to the COVID-19 pandemic. Effective immediately, MAS solicitation provision SCP-FSS-001, Instructions Applicable to All Offerors, changes the corporate experience…
Six Ways You Can Mess Up Your Accounts Payable Workflow
Today, automation technology is one of the inevitable technical trends for companies wanting to improve their efficiency and agility in a complex and competitive economic environment. The reasons are clear, including cost reduction, process optimization, data security, regulatory compliance, and many more. If you are considering automating your invoice payment processing (AP) workflows, or are…
Stepping Up from QuickBooks – 3 Capabilities Your Next Solution Should Provide
As they start to grow, many organizations take a conservative approach to accounting software and simply add new instances of QuickBooks for each new entity or location. Unfortunately, that means the challenges and obstacles only grow exponentially. By contrast, Sage Intacct cloud financials is designed to support the needs of organizations that operate multiple entities,…
PPP Application Deadline Extended in New Law
On March 30, 2021, President Biden signed legislation to extend the application period of the popular Paycheck Protection Program (PPP) through May 31, 2021. This followed a bipartisan 92-7 vote in the U.S. Senate to pass the Paycheck Protection Program Extension Act of 2021. PPP History The CARES Act established the Paycheck Protection Program (PPP) last…
Board Assessments Help Nonprofits Thrive During Challenging Times
With COVID-19 threatening to remain a significant operational challenge for nonprofit organizations through 2021, it is tempting to put other initiatives on the back burner. It may seem counterintuitive, but now is the ideal time to revisit your Board of Directors (Board) and determine if the organization is not only compliant, but also operating optimally….