ARLINGTON, Va.--(BUSINESS WIRE)--The U.S. Air Force (USAF) has awarded Accenture Federal Services a 30-month, $73 million contract to complete work on the Air Force’s financial management system.
The contract supports the final phase of development activities for the Defense Enterprise Accounting and Management System (DEAMS), the service’s principal financial transformation initiative. DEAMS integrates data and processes across USAF, U.S. Transportation Command and the Defense Finance and Accounting Service.
DEAMS streamlines cost accounting, purchase requests, accounts payable, financial obligations, and collections and customer billing, giving the Air Force more timely, accurate and relevant financial data and helping the service achieve auditability.
“DEAMS is designed to give the U.S. Air Force a 21st century financial management system that will provide accurate, reliable and timely business information to support more effective decision-making,” said Joe Chenelle, who leads Accenture’s U.S. defense and intelligence work.
Currently, DEAMS successfully manages about $800 million in monthly billings and cash collection, and processes more than 100,000 invoices annually for the Air Force.
The system is currently operational at 40 Air Force bases. DEAMS is also used by a number of support organizations including Defense Finance and Accounting Service locations in Limestone, Maine, and Columbus, Ohio. When fully implemented, DEAMS will integrate legacy Air Force financial management systems into a single system capable of delivering accurate, reliable, timely and auditable financial management information that complies with directives from the secretary of defense.
Accenture Federal Services is a U.S. company, with offices in Arlington, Va., and is a wholly owned subsidiary of Accenture LLP (NYSE:ACN). Accenture’s federal business has served every cabinet-level department and 30 of the largest federal organizations with clients at defense, intelligence, public safety, civilian and military health organizations.
Learn more about Accenture’s work with federal agencies, its global defense work, and Delivering Public Service for the Future.
About Accenture
Accenture is a global management consulting, technology services and outsourcing company, with more than 336,000 people serving clients in more than 120 countries. Combining unparalleled experience, comprehensive capabilities across all industries and business functions, and extensive research on the world’s most successful companies, Accenture collaborates with clients to help them become high-performance businesses and governments. The company generated net revenues of US$30.0 billion for the fiscal year ended Aug. 31, 2014. Its home page is www.accenture.com.