COLSA Corporation Grabs Lumigent's AppGRC To Improve Its Defense Contract Audit Agency (DCAA) Audit Capabilities
Lumigent Technologies, Inc., the GRC business apps company, announced recently that AppGRC has been selected by COLSA 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 visit http://www.lumigent.com/solutions/appgrc.html, or www.lumigent.com.
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 Agency and the Defense Advanced Research Projects Agency) into NASA 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 $138M in revenue in 2008. COLSA's headquarters remains in Huntsville, AL, with offices in San Diego, CA; Colorado Springs, CO; Orlando, FL; Shalimar, FL; and Washington, DC. COLSA qualifies as a service-disabled veteran-owned small business concern (SDVO SBC) under NAICS 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 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, visit www.lumigent.com.
SOURCE: Lumigent Technologies, Inc.