Accenture to Design Naval Business Processes, Improve Financial Management on IDIQ Order

The U.S. Navy has awarded Accenture Federal Services (NYSE: ACN) a three-year contract to assess and design standard financial business processes with all of its major commands.

The Navy said the award is key to its office of financial operations’ plan to sustain audit readiness.

The Navy’s financial improvement program aims to improve the accuracy, timeliness and reliability of financial information and increase confidence in the Navy’s financial management capabilities.

Accenture also will develop metrics and testing procedures to monitor progress.

“Accenture is proud to have been selected by the Navy to provide financial management support to help the Navy’s auditability goals, ” said Vince Vlasho, who leads Accenture’s Navy and Marine Corps account team. “This is a critical initiative that assists Navy leaders by improving the quality and reliability of financial data.”

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