CACI wins $34M contract to streamline accounting systems

CACI International Inc. has won a $34 million contract to continue its work on a federal financial management and accounting system for the Defense Department’s Defense Agencies Initiative.

The Defense Agencies Initiative is an effort by the Defense Logistics Agency to improve the budget, finance and accounting operations at DOD agencies.

Under the three-year contract, CACI will incorporate multiple accounting systems into a single platform using an Oracle enterprise resource planning solution. The platform will be used by numerous agencies across the Defense Department.

The consolidation of financial management systems will support auditability and lower the cost of operating multiple legacy systems, said CACI Chief Operating Officer and President of U.S. Operations   John Mengucci in a release. 

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Reader Comments

Thu, May 19, 2016 Christopher Hanks Milwaukee WI 53211

The now defunct DOD Business Transformation Agency began the DAI effort in the fall of 2007. The BTA spent $63 million in RDT&E funds on the program over the three years it tried to make the program work [with Computer Sciences Corporation as the System Integrator] before turning the program over to DLA. In 2010, DLA gave up on CSC and awarded CACI its first DAI contract. The DAI effort - now nine years old with still no results to speak of - is a good example of how DOD wasting large sums of money on questionable financial management software (demanded by the Congress in the CFO act of 1990) that will never work. It's all ood for CACI, though. A lot of this kind of thing goes on around the Beltway these days. Helps keep the DC economy booming!

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