Accenture to Improve Fed Energy Regulators’ Financial Management

Accenture (NYSE: ACN) has won a five-year contract worth $10.8 million with the U.S. Federal Energy Regulatory Commission to provide Oracle’s PeopleSoft application hosting and support services.

Accenture will expand and upgrade existing software applications to enable the commission to access, interpret and organize information. The goal is to improve efficiency by transforming information into predictive analytics by using Oracle business intelligence enterprise edition.

Contract work will improve the commission’s business intelligence, analytics and cost accounting processes.

“By modernizing its financial management capabilities, the commission will be able to increase the effectiveness of its financial operations while reducing costs, ” said John Matchette, head of Accenture’s federal public safety practice. “Using analytics will provide greater insight to the commission as we work to help create stronger financial management.”

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