Directed Energy Solutions
"Embracing Technology to Achieve Growth"
Directed Energy Solutions, founded in 1999, is a laser optics research company
whose primary source of funding comes from US government contracts. DES
conducts research and development in a variety of areas ranging from directed
energy, chemical/biological defense, optical communications and remote sensing.
Initially, its primary source of funding came from smaller SBIR contracts with different DoD agencies. Annual
revenue after the company's first year of existence was under $800K.
Business and project sensitive data management
was straight forward. Quickbooks was used for accounting and payroll, and a
number of disparate spreadsheet "systems" were used to manage all
cost-related data pertaining to each contract. This ad-hoc mode of
operation quickly became inefficient as more contracts were awarded.
Consequently, DES recognized the need for
a more comprehensive, intelligent business management system that
would comply with government standards, transcend geographic
location, provide real-time cost information on projects, as well as integrate
with their accounting system. Further, research revealed there were no
suitable, integrated products (project management, cost accounting) available
on the market.
In the early months of 2002, Directed
Energy Solutions launched a project that would solve these issues.
The investment required over two years of analysis, design and implementation
for a system that addressed these operational problems. A web-based
platform was selected to overcome the location constraints of
multiple operation facilities. To provide management with an
accurate snapshot of cost information on current projects, a
robust reporting module was built. Additionally, a document
repository for policies/procedures and a DCAA approved time
accounting module were created to address matters of government
compliance. Finally, an interface to their accounting system
was constructed to achieve data synchronization between disparate systems.
Return on this initiative was immense. As
a result of the infrastructure put in place, DES successfully scaled their
business operations at the rate they were awarded
new contracts. Annual revenue expanded by an impressive 800% over a
four year period, and in 2004, Directed Energy Solutions was selected to
the Inc. 500, an elite group of small businesses recognized for
their astounding growth rate over a five year period.