Daston Corporation

Custom NetSuite application built by Folio3 helps Daston simplify federal contracting compliance within NetSuite.

“Folio3 did a terrific job. Our work involves complex calculations involving government project costing, profitability, taxes and federal compliance. Folio3 was not only able to translate all these requirements into a custom NetSuite application, they did it in record time!”

Shahrooz Shams – Implementation Manager – SaaS Solutions, Daston Corporation

Summary

Daston Corporation is a leading provider of information technology and business management solutions to government and commercial clients. Folio3 developed a custom NetSuite application for Daston that not only simplified their own federal contracting compliance requirements, it also enabled them to offer a tailored financial management solution to other federal government contractors by leveraging that same application.

Customer

Daston Corporation is a leading provider of information technology and business management solutions to government and commercial clients. The company specializes in providing financial management and management consulting applications and Software-as-a-Service (SaaS) solutions and applications.

Problem

As a federal government contractor, Daston Corporation had to comply with the intricate accounting and reporting requirements required by federal authorities in order to qualify for and get remunerated for the work they did on federal government contracts. This required a lot of time and effort on their part. They wanted a solution that would automate this entire workflow within NetSuite so they could focus more on other aspects of their business.

Solution

Folio3 developed a custom NetSuite application for Daston called DCAA On-Demand that extends NetSuite’s out-of-the-box functionality by automating much of the strict project costing, book keeping and time keeping activities needed by government contractors. The solution consists of integrated modules that support the following functionality:

Project Status

Reporting

Cost Allocation

Payroll Cost Allocation

DCAA Compliant Time Entry

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Result

Thanks to the DCAA On-Demand solution built by Folio3, Daston Corporation has been able to greatly simplify their federal contract compliance requirements, helping them save valuable time and effort. Daston was so impressed with the value this solution provides that they started offering the DCAA On-Demand application as a standalone solution to other federal contractors as well.

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