PLANTATION, Fla.--(BUSINESS WIRE)--Auxis, Inc. (www.auxis.com), a leading management consulting and outsourcing firm, has published an article in PSMJ Resources’ (www.psmj.com) February 2011 newsletter.
PSMJ Resources is the leading authority and publisher for the architectural and engineering field. Aware that the pending Business Systems Rule will have a severe impact on their architectural and engineering clients who contract with the federal government, PSMJ Resources invited Auxis to write an informative article to describe the impacts of the rule. The article defines the proposed rule, describes recent updates, and answers some typical questions posed by chief financial officers, chief executive officers, and federal compliance officers.
This publication is just another step in the Auxis mission to raise awareness of the impacts of the Business Systems Rule. Under this rule, federal contractors who qualify (typically those with contracts over $5 million) will be required to have an internal control system which complies with over 100 control objectives for six key business systems: Purchasing, Accounting, Estimating, Earned Value Management System (EVMS), Government Property, and Material Management Accounting Systems (MMAS). Should a deficiency (failure to meet one key internal control) occur, the government can withhold five percent of contract payments to a maximum of 20 percent for multiple deficiencies. Often, contractors do not realize they have signed up for these requirements because the implementing contract clause is normally included by reference (i.e. just the clause number and title are shown). Additionally, they often feel they will not qualify for “large company” regulatory requirements.
Auxis has extensive experience in regulatory compliance, helping many organizations navigate through the various Federal and industry operations and controls requirements, such as Sarbanes-Oxley, the Health Insurance Portability and Accountability Act (HIPAA), and the Payment Card Industry Data Security Standard (PCIDSS).
“From compliance review and documentation through remediation execution, we’ve been there,” said Eric Liebross, Auxis’ vice president of operations. “Our expert team possesses the knowledge, resources, and ability to work within any company’s operational framework and address compliance issues. Auxis helps to identify compliance gaps and implement reasonable solutions. We have consistently provided real value to our clients by remediating their non-compliance issues, while identifying opportunities for operational improvement that drive efficiencies within the business. In many cases, these operational improvements have more than paid for the necessary remediation.”
Offering much more than contracting compliance services, Auxis helps companies to comply with Federal government requirements and improve overall business practices and productivity. For more information, please visit www.auxis.com or call (305) 442-0060.
About Auxis, Inc.
Auxis, Inc. is a management consulting and outsourcing firm that specializes in improving business performance and creating profitable business growth strategies to help companies prosper. The firm's proprietary Growth Strategy, Business Transformation, and Outsourcing solutions help identify and implement specific, immediate, and practical solutions for cost savings and growth. Auxis clients benefit from working with a multi-disciplined team of professionals with years of in-the-trenches experience and a proven track record of results.
Founded in 1997, Auxis is headquartered in South Florida with offices in Tallahassee, Fla., Washington, D.C. and San Jose, Costa Rica. For more information, visit www.auxis.com or call (305) 442-0060.