Federal Award Entry Navigator Services

With the recent increase in Federal spending from the bipartisan infrastructure bill signed into law on November 15, 2021, commercial companies are increasingly interested in pursuing federal funding to sponsor their research, fund their underlying missions,  and diversify their market base. A major challenge for those players new to the federal space is complying with Title 2 of the Code of Federal Regulations (2 CFR). Capital Edge can either deliver fully compliant outsourced operations for you or guide you through establishing your own compliant operations with training, processes, and controls development and audit readiness.  We work to insulate your commercial business from government regulatory requirements while maximizing cost recovery, minimizing risk, and providing controls and visibility for executive management over federal awards.

Pathway 1: Fully Outsourced Approach

Capital Edge’s Federal Award Entry Navigator (“Navigator”) team was assembled to provide full back-office services for new federal entities, establishing the compliant accounting, procurement, estimating, materials management, and contracts capabilities.  We will allow your new federal entity to remain focused on its primary mission while we take care of compliant administrative operations. We establish an operational cadence and control structure designed specifically for your business that allows you to maintain total control over your banking, payroll, and taxes with full visibility into your accounting and financials while we provide the systems, people, and processes to run the administrative functions.

Pathway 2: Guided Development of Compliant Processes and Controls

Understanding the regulations and requirements is difficult enough, but to meet the compliance requirements, a company must develop a framework of processes and controls beyond GAAP. Balancing the requirements of the regulations while also enabling smooth and timely operations can be very delicate. While some companies pursue regulatory conservatism, paralyzing operations, others take a minimalistic approach, operating with modest adoption of compliant practices and controls and risking audit findings and loss of funding.

The team has a history of assisting long-time federal awardees with training, policies, procedures, best practices, systems implementations, and audit preparation from highly regulated industries. Navigator leaders hold executive operational experience and extensive process development, process improvement, and systems experience in the government contracting space. Over the past several years, the Navigator team has leveraged experience and knowledge to guide clients through their government award recipient journey to successfully bid, win, and execute federal awards.

The Navigator pathway begins with a series of workshops to understand goals, objectives, and the current state of the nascent federal practice as well as the mission the federally funded work supports. With this information, the Navigator team will help you complete the registration on the System for Award Management (SAM.gov). While that SAM registration is underway, Capital Edge will work with you to establish the details of our working relationship that allow you to maintain total control of your money and your business while we provide the execution support. Capital Edge will provide operations and award administration including procurement, project finance, accounting, contract administration, accounts payable, and accounts receivable. These functions will be performed by employees familiar with the requirements of federal awards and operate according to Policies and Procedures developed around your mission objectives and compliance requirements.

The Navigator pathway begins with a series of workshops to understand goals, objectives, and the current state of the nascent federal practice as well as the mission the federally funded work supports. With this information, the Navigator team will help you complete the registration on the System for Award Management (SAM.gov). During the workshops, the Navigator team will provide information and education on critical terminology and concepts foundational to federal compliance. Once those basics are covered, our team collaborates with your team, leveraging templates and best practices, to create a service framework tailored to your business needs. This framework is codified in the procedures and work instructions and then operationalized through the purchase and implementation or configuration of your business system setup. The Navigator team will be by your side in preparation for and leading audits as well as providing regulatory, contractual, or corporate reporting.

As the name suggests, the Navigator team is skilled in seamlessly directing the team along the path to federal compliance escaping the common pitfalls of missed or misunderstood requirements, overshooting or undershooting the intended purpose, or inefficient operations. The first and most important step in this process is conducting workshops. During these sessions, the Navigator team will facilitate a discussion to understand the corporate goals and objectives for federal awards, steps taken to date on proposing, bidding, and winning work, and the current state of policies, procedures, and systems to assess against the required compliance framework. It is critically important for the Navigator team to understand the federal mission and how your research, products, and services support that mission. This information enables the team to tailor processes best suited to your objectives and current posture. During the Workshops, the Navigator team will share educational materials on basic terminology and concepts for federal compliance to create a shared language for the combined team. Wrapping up the workshops, the Navigator team will recommend an operational roles & responsibilities to support back-office functions for federal award administration and plan for future growth.

To operationalize the compliance framework, the required project costing, workflows, and controls need to be housed in your enterprise business systems for an audit trail of transactions and proper documentation. Capital Edge’s Federal Award Entry Navigator team is experienced in selecting, designing, implementing, and maintaining ERP and other business systems. Our team works across a large variety of ERP systems enabling us to help you select the system that is best for your business’ needs and requirements. We provide expert leadership throughout the entire ERP lifecycle from planning through go-live and beyond to upgrades, health checks, business system setup, and evolving existing systems.

For those new to the federal space, the first award is a major milestone to be celebrated. Awards may start slowly and grow steadily, making it challenging to justify hiring employees with federal experience to perform key roles in procurement, accounting, and finance, which are critical to compliant award administration. Capital Edge’s Operational Services provide the staff to execute award administration, reducing the burden of hiring or bifurcating commercial processes for existing support functions. Given these differences, the Navigator team will work with you to architect a service offering that augments your existing team in accounting, purchasing, contracts, billing, timekeeping, expense management, or pricing as much or as little as needed. 

As federal funding increases for modernizing US infrastructure, more commercial and start-up companies are pursuing federal awards to partner in our nation’s development as well as to supplement internal research and development investment. Capital Edge’s Federal Award Entry Navigator service provides solutions to the hurdles of accepting federal awards by leading the journey to establish compliant business systems that will withstand an audit while optimizing operational efficiency. Navigator removes an additional barrier in business operations by providing back-office services for federal award administration including procurement, project finance, accounting, and contract administration. This comprehensive service de-risks and simplifies regulatory compliance enabling businesses to focus on their core mission, delivering products and services to advance our country’s foundation for future generations.