Accenture takes on Mint work
- By Roseanne Gerin
- Jan 18, 2005
Accenture LLP won a five-year, $87 million contract to help the U.S. Mint operate and improve the business systems and processes that support its retail sales and marketing activities, the company said today.
The project will help the Mint increase revenue while reducing operating costs. The Mint's sales and marketing operations generate about $300 million in annual revenue.
"Many of the business challenges the Mint faces, such as improving operational efficiency and increasing revenues, are the same ones that private-sector retail organizations face," said Lisa Mascolo, managing partner of Accenture's federal client group. "Consequently, the solutions for addressing those challenges are similar as well. We will use our experience with the commercial retail sector to help the United States Mint find ways to enhance its revenue-generating activities while driving down operating costs."
Accenture's team includes Qwest Communications International Inc., PFSweb Inc., CommercialWare Inc., Evantes Inc., Sapient Corp., Acxiom Corp., Akamai Technologies Inc. and Optimal Solutions Inc.
Accenture LLP provides global management, consulting, technology and outsourcing services and is a unit of Accenture Ltd. of Hamilton, Bermuda. The company has about 100,000 employees and $13.7 billion in 2004 revenue. Accenture is No. 24 on Washington Technology's 2004 Top 100 list of contractors.