Accenture Federal Services has won a five-year, $24.4 million contract to transition the U.S. National Science Foundation’s financial accounting system to a cloud computing environment.
The company plans to host the agency’s 25-year old system in a shared service environment and use commercial-off-the-shelf software for the project, Accenture said Thursday.
NSF managed and dispersed $5.72 billion in funding for research and related activities last year for fields such as mathematics, computer science and the social sciences.
Formed in 1950, NSF contributes funding for nearly 20 percent of federally-supported research at colleges and universities.
“Today, the way federal agencies process and manage their financial information can have a significant impact on their ability to deliver on their mission”, said Ed Meehan, head of Accenture’s civilian agencies portfolio.
Meehan added the company is aiming to help NSF carry out its mission of promoting scientific research.
NSF presents nearly 10, 000 new awards per year, with each award having on average a three-year duration.
Individuals and small groups of investigators receive the awards for specific research proposals and NSF-funded researchers have won more than 180 Nobel Prizes over the past few decades, Accenture said.