We owe our business survival through the closures to CMTC!
Sewing Incubator’s owners engaged CMTC, part of the MEP National Network™, in March 2020 to help them register with the System for Award Management (SAM), obtain a CAGE Code (a CAGE Code is a five position code that identifies contractors doing business with the federal government, NATO member nations, and other foreign governments), and connect with government PPE purchasers. By being able to supply PPE to essential workers, they not only generated sales during the pandemic but were able to play a significant role in protecting those on the front lines.
In June 2020, Sewing Incubator re-engaged CMTC to help them create a formal accounting system for the company and evaluate a comprehensive list of the company’s existing accounting practices to identify opportunities for process improvement. CMTC helped Sewing Incubator select and set up QuickBooks Online. By implementing QuickBooks Online, Sewing Incubator was able to identify and execute operational upgrades based on improved cash flow as well as allocate funds to internal upgrades to increase return on investment. The accounting system implementation also saves labor time by automating previously manual processes, generating investment in new processes and offerings due to greater financial visibility and understanding, and helping avoid unnecessary investments by allowing more in-depth analysis of the investment’s impact on profitability and cash flow.