Home / Contract Awards / Accenture Wins $42M to Upgrade Air Force’s Financial Mgmt System; Joe Chenelle Comments

Accenture Wins $42M to Upgrade Air Force’s Financial Mgmt System; Joe Chenelle Comments

Accenture Logo, GovCon WireAn Accenture (NYSE: ACN) subsidiary has won a two-year, $42.2 million contract to update the U.S. Air Force’s financial management system in order to replace nine old infrastructures.

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.

Joe_Chenelle“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.

Accenture said the Air Force expects to save $18 million in annual operating costs.

Check Also

boeing logo

Boeing Receives $1B P-8I Maritime Surveillance Aircraft Order from India

Boeing (NYSE: BA) has received a $1 billion order for four additional P-8I maritime surveillance …

TetraTechLogo

Tetra Tech to Provide Navy Environmental Action Services Under $200M Contract

Tetra Tech (Nasdaq: TTEK) has won a potential five-year, $200 million contract to provide environmental action …

Subscribe to our Newsletter
I will subscribe later