AIR FORCE

Accenture wins $42.2M contract for Air Force financial management system

Air Force needs to reach compliance and auditability goals

Accenture Federal Services has won a two-year $42.2 million contract with the U.S. Air Force to continue working on the service’s financial management system.

This contract supports the second phase of continued development activities for the Defense Enterprise Accounting and Management System, also known as DEAMS.

Under the contract, Accenture will help the Air Force reach compliance and auditability goals mandated by the Office of the Secretary of Defense for all programs, and will support the installation of DEAMS to additional bases, Accenture said.

DEAMS is the Air Force’s principal financial transformation initiative, integrating data and processes across the Air Force, the U.S. Transportation Command and the Defense Finance and Accounting Service.

The system streamlines cost accounting, purchase requests, accounts payable, financial obligations and collections and customer billing.

It currently manages around $800 million in monthly billings and cash collection, and processes more than 100,000 invoices annually for the Air Force, Accenture said.

DEAMS is operational at Scott Air Force Base, Ill., McConnell Air Force Base, Kan., and Defense Finance and Accounting Service centers in Limestone, Maine, and Colombus, Ohio.

When fully implemented, the system will replace nine stove-piped legacy systems with one integrated financial system, saving the Air Force around $18 million annually in operating costs, the company said.

About the Author

Mark Hoover is a senior staff writer with Washington Technology. You can contact him at mhoover@washingtontechnology.com, or connect with him on Twitter at @mhooverWT.

Reader Comments

Please post your comments here. Comments are moderated, so they may not appear immediately after submitting. We will not post comments that we consider abusive or off-topic.

Please type the letters/numbers you see above

What is your e-mail address?

My e-mail address is:

Do you have a password?

Forgot your password? Click here
close
SEARCH
 Top 100 Slideshow
contracts DB

Trending

  • Dive into our Contract Award database

    In an exclusive for WT Insider members, we are collecting all of the contract awards we cover into a database that you can sort by contractor, agency, value and other parameters. You can also download it into a spreadsheet. Read More

  • Is SBA MIA on contractor fraud? Nick Wakeman

    Editor Nick Wakeman explores the puzzle of why SBA has been so silent on the latest contractor fraud scandal when it has been so quick to act in other cases. Read More

Webcasts