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Jenny Clark / Slovability
Jenny W Clark is founder and CEO of Solvability, Inc., a training organization dedicated to small businesses in the federal contracting industry. Through webinars, podcasts, live “boot camps” and conferences, Jenny help small business learn the accounting side of federal contracting and shows them strategies to be more competitive and improve their cash flow.
Growing up in a Navy family, Jenny considers herself lucky to have grown up in the Pensacola area. She is a Gulf Breeze High School graduate and returns to the Panhandle frequently to visit family. Jenny has a BA in Economics and also a Masters in International Business Studies. She’s worked in the aerospace and defense industry for over 30 years, specializing in accounting systems.
Jenny has stayed connected with the iTen area business community and sees lots of potential for growth in Florida, especially in IT, aviation, and unmanned vehicles. She is also an advocate for veterans, especially for veterans who are transitioning from military to civilian careers.
Founded in 1997, Solvability works exclusively with small businesses performing as either a prime contractor or subcontractor on federal contracts, focusing on DCAA Compliant accounting systems.
Growing companies need information about which systems to use, the costs of the software, implementation, training and maintenance. Understanding your business structure, your plans for the future, the types of contracts and even agencies you are going after, and your reporting requirements are key to selecting the right financial accounting and reporting systems.
So where do you go for help? The local PTAC can only really provide information about start-ups. Your partners and competitors will only share some of their knowledge and strategy. Large prime contractors don’t understand (and don’t care) that implementing an ERP system is expensive and time consuming, plus it takes more experienced accounting teams to run, and that your priority is passing a DCAA audit (since most small businesses are CAS-exempt.)
Before you can put in the right systems – you need the right people! Finance and Accounting professionals who understand accounting, cost accounting and government contracting requirements, who become part of your key personnel and keep your books straight, but also know about indirect rate strategies, multipliers, billing, bidding, unallowables, unbilled and how to pass a DCAA Audit.
That is where Solvability comes in – your resource for selecting and integrating the systems you need, while providing training for accounting, cost accounting and government contracting for you and your team.
Check out our video on Incurred Cost Submission >> Click here