COLSA Corporation Grabs Lumigent's AppGRC to Improve its Defense Contract Audit Agency (DCAA) Audit Capabilities.Automated GRC GRC Greece (ISO Country code) GRC Glenn Research Center (NASA) GRC Governance, Risk and Compliance GRC Gendarmerie Royale du Canada (RCMP - Canada) GRC John H. Software Enables the Government Contractor A government contractor is a private company that produces goods or services under contract for the government. Often the terms of the contract specify cost plus – i.e., the contractor gets paid for its costs, plus a specified profit margin. to More Easily Fulfill its DCAA DCAA Defense Contract Audit Agency DCAA Dansk Center Vedrørende Alkoholisme Og Andre Afhængighedssygdomme (Danish) DCAA Danish Civil Aviation Administration DCAA Derby City Agility Association DCAA Dual Call Auto Answer Compliance Reporting Requirements ACTON, Mass. -- Lumigent Technologies, Inc., the GRC business apps company, announced today that AppGRC has been selected by COLSA COLSA College of Life Sciences and Agriculture (University of New Hampshire) Corporation in order to meet the DCAA's new compliance reporting requirements. COLSA Corporation is a technology services and solutions company servicing both government and commercial customers. It is headquartered in Huntsville, AL and employs over 900 people. The recent changes in the DCAA audit model served as a catalyst for the company to add the regulatory compliance software to its existing Deltek Costpoint system. AppGRC will run along side of the Costpoint application already in production and will continuously monitor its source data and key controls, automating its compliance reporting. "COLSA's mission is to provide services and technology solutions to its customers by utilizing the latest and most innovative technological solutions available," said Paul Campaniello, vice president of marketing at Lumigent. "Deploying AppGRC not only enables COLSA to practice this mission more efficiently, but it essentially allows them to follow it themselves as well, by utilizing the most innovative software available for a DCAA audit." Rick Brooks, director of IT at COLSA Corporation, said, "AppGRC will fulfill the new audit requirements being imposed on us by the DCAA. It will enable the government monies that flow through COLSA to be audited to SOX-like standards. Utilizing AppGRC, COLSA will be able to definitively demonstrate what data changed and when within our Deltek Costpoint system." For more information on AppGRC, see http://www.lumigent.com/solutions/appgrc.html, or for general information on Lumigent, visit www.lumigent.com. Follow Lumigent on Twitter A Web site and service that lets users send short text messages from their cellphones to a group of friends. Launched in 2006, Twitter (www.twitter.com) was designed for people to broadcast their current activities and thoughts. at @CEOCappy. Additional Resources COLSA Corporation website: http://www.colsa.com Lumigent website: http://www.lumigent.com Lumigent on Twitter: @CEOCappy AppGRC: http://www.lumigent.com/solutions/appgrc.html AppGRC for Deltek Costpoint: http://www.lumigent.com/solutions/appgrc_deltekcostpoint.html Lumigent press releases: http://www.lumigent.com/news_events/press_releases.html Lumigent executive commentaries: http://www.lumigent.com/news_events/executive_commentaries.html Market Brief: Application GRC: The Rise of Automated Business Compliance; http://www.lumigent.com/Lumigent_Market%20Brief_081010_pre%20final.pdf Artwork: http://www.lumigent.com/news_events/artwork.html About COLSA COLSA Corporation, this Huntsville, AL-based company built a solid reputation providing advanced technology services to the Department of Defense. Based upon our record for outstanding system engineering and computer center operations support, COLSA has continued to prosper, expanding its business from the original DoD business base (supporting the Army, Navy, and Air Force as well as the Missile Defense Missile defence is an air defence system, weapon program, or technology involved in the detection, tracking, interception and destruction of attacking missiles. Originally conceived as a defence against nuclear-armed ICBMs, its application has broadened to include shorter-ranged Agency and the Defense Advanced Research Projects Agency Defense Advanced Research Projects Agency (DARPA), U.S. government agency administered by the Department of Defense (see Defense, United States Department of). ) into NASA NASA: see National Aeronautics and Space Administration. NASA in full National Aeronautics and Space Administration Independent U.S. and commercial markets. The company has grown from a 20-person operation with $5M in revenue in 1983, when the Government awarded COLSA its first prime contract, to more than 900 employees and more than $138 million in revenue in 2008. COLSA's headquarters remains in Huntsville, AL, with offices in San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. , CA; Colorado Springs, CO; Orlando, FL; Shalimar, FL; and Washington, DC. COLSA qualifies as a service-disabled veteran-owned small business concern (SDVO SDVO Serial Digital Video Output SDVO Service-Disabled Veteran-Owned SBC (1) (SBC Communications Inc., San Antonio, TX, www.sbc.com) A large, national telecommunications company that grew from a multitude of local and regional companies, including Southwestern Bell, Pacific Bell and Nevada Bell, into a single, unified brand by 2002. ) under NAICS NAICS North American Industry Classification System 541710. About Lumigent Lumigent helps CFOs, CIOs, controllers, and other business executives reduce the cost of meeting Governance, Risk and Compliance (GRC) requirements for their primary business applications. Organizations worldwide use Lumigent's AppGRC[TM] software solutions to automate compliance reporting in some of the most heavily regulated industries, including financial services, healthcare, manufacturing, and government. Lumigent improves operational efficiencies and mitigates business and financial risk by providing complete visibility into application data activity and automating application-aware controls to maintain the integrity of critical business information. For more information, please visit www.lumigent.com. Lumigent and the Lumigent logo are trademarks or registered trademarks of Lumigent Technologies, Inc. Other product and company names are property of their respective owners. Tags: AppGRC, risk mitigation, regulatory compliance software, automated compliance, Deltek Costpoint audit, DCAA |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion