Project–Oriented Accounting and Reporting Solution for Government Contractors
JAMIS is the price/performance leader in providing project accounting and labor collection solutions for government contractors because it's architecturally different from other project-oriented accounting systems. JAMIS Financials was designed from its genesis as a feature rich job-cost/job billing system, not a clumsy bolt-on to a general ledger system. This design allows for simplified setup, maintenance, and tracking of projects including the roll-up and reporting you would expect of a world-class GL-based system. JAMIS Financials does all of this while eliminating the cumbersome task of creating separate GL accounts for each project.
After nearly 20 years of success, some of the most respected names in government contracting, including companies large and small, rely on JAMIS to provide detailed visibility into all of their projects. These contractors utilize the integrated suite of modules to track, invoice, and collect billions of dollars through JAMIS every year.
With a choice of licensed software or a hosted ASP solution, JAMIS will help you to comply with DCAA, FAR and CAS requirements, provide more accurate billing and profitably grow your government contracting business.
Get the one project-based accounting system that will always support your organization’s success by providing you with the capabilities to meet the requirements of any contract no matter how straight forward or complex. Get JAMIS and turn your accounting system into a strategic advantage.
JAMIS Financials is the industry’s leading project-oriented accounting solution whether your organization is completely focused on government work, has a mix of commercial and government projects, or just want better control of your indirect costs.
Benefits of a Project-Oriented Accounting Solution:
- Extracting real-time key performance information on contract or work breakdown structure elements is simple and can be shared across your organization.
- Reports can be generated easily whenever they are needed, not just at month-end.
- JAMIS Financials automates the billing process including generation of government billing forms and support to time-and-material contract billings.
- One JAMIS Cost Element Table lets you share data on all contracts and tasks throughout your company eliminating the need to set up thousands of GL accounts.
- One JAMIS Organizational Structure Table provides cost reporting by business unit (e.g., Program Management, Engineering Services, and Administration).
- Burden-rate calculations, applications, and adjustments are applied at the transaction time, including provisional rate adjustments, so you can access them whenever you need them.
Facilitate successful DCAA, FAR and CAS compliance
- JAMIS has built-in features to enable you to comply with strict government requirements.
Automate Billing Processes and Improve Cash Flow
- JAMIS can easily handle your most complex billing needs, including generating government-standard forms such as 1034, 1443 or DD250s. JAMIS also supports time-and-material contract billings using over 18 different fee methods.
Streamline Processes to Manage and Apply Overhead to Jobs
- JAMIS automates management of burden rates (G&A, FCCM, Overhead, Fringe, and COM) and applies them to projects for billing and revenue recognition. Provisional billing rate retroactive adjustments can be handled routinely. Our flexible design for overhead application handles virtually any indirect rate structure your enterprise requires including multiple company and multiple sites.
Improve Profitability with Integrated and Flexible Business Intelligence Solutions
- JAMIS lets you get the right project information to the right people at the right time. This means your company can make better informed strategic business decisions. JAMIS provides you with the ability to generate vital, timely reports, queries, or drilldown reports including valuable contract or project P&L information.
An End to Your Spreadsheets
- JAMIS fully integrates job costing, so you can be rid of your spreadsheets. Entries into any of the module of JAMIS update all other modules, reducing data entry and allowing your entire organization to easily share information. Transactions update the correct projects and GL accounts and let you define P&L statements, balance sheets, project status reports and more.
JAMIS integrated financial modules make it possible for project management and accounting to track and report data in discipline-specific formats. Project managers can use their own work breakdown structure and cost element numbering and reporting structures, while accounting uses their own general ledger cost center and GL account number structures.
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