An Accenture (NYSE: ACN) subsidiary has won a $42.2 million contract to update the U.S. Air Force’s financial management system in order to replace nine old infrastructures.
Under the two-year contract, Arlington, Va.-based Accenture Federal Services will perform the second phase of upgrades to the Defense Enterprise Accounting and Management system to help the Air Force comply with the Defense Department’s audit goals, Accenture said Monday.
DEAMS is designed to unify accounting, purchases, payables, financial liabilities and bills across the Air Force, U.S. Transportation Command and the Defense Finance and Accounting Service.
“An organization as large, complex and critical to our national security as the U.S. Air Force needs a 21st century financial management system and that is what DEAMS is designed to achieve,” said Joe Chenelle, Accenture’s U.S. defense and intelligence work lead.
The system processes nearly $800 million in billings and collections, as well as more than 100,000 invoices every year for the Air Force.
DEAMS currently serves the Scott Air Force Base in Illinois, McConnell Air Force Base in Kansas and DFAS centers in Limestone, Maine and Columbus, Ohio.
The upgrade is expected to saveSociety of American Value Engineers the Air Force $18 million in annual operating costs, Accenture said.