Principals and managers at architecture/engineering (A/E) firms are often surprised to hear us say that while software packages can make time entry and tracking easier, they don’t necessarily make it more accurate. But, it’s true. The simplicity of the time entry function in these packages can, without proper policies and training, lead to inaccuracies.
Factor AE gives firms doing government work the tools they need to be FAR-compliant. When used properly, the system can minimize the risk of putting costs in the wrong accounts or the wrong format. This makes it easier to show auditors that the company is complying with government regulations and eliminates the fear of penalties.