The U.S. Air Force (USAF) has awarded Accenture Federal Services a two-year, $42.2 million contract to continue work on improving the Air Force financial management system.
The contract supports the second phase of continued development activities for the Defense Enterprise Accounting and Management System (DEAMS), the Air Force’s principal financial transformation initiative. DEAMS integrates data and processes across USAF, U.S. Transportation Command (TRANSCOM) and the Defense Finance and Accounting Service (DFAS).
DEAMS streamlines cost accounting, purchase requests, accounts payable, financial obligations, and collections and customer billing, giving the Air Force more timely, accurate, relevant financial data and helping the service achieve auditability.
“Better financial data means better decision making. An organization as large, complex and critical to our national security as the U.S. Air Force needs a 21 st century financial management system, and that is what DEAMS is designed to achieve,” said Joe Chenelle, who leads Accenture’s U.S. defense and intelligence work.Currently, DEAMS successfully manages about $800 million in monthly billings and cash collection, and processes more than 100,000 invoices annually for the Air Force. The system is operational at Scott Air Force Base in Illinois and McConnell Air Force Base in Kansas, as well as DFAS centers in Limestone, Maine and Columbus, Ohio. Under this new contract, Accenture will help the Air Force achieve compliance and auditability goals mandated by the Office of the Secretary of Defense for all programs and support the roll-out of DEAMS to additional bases. When fully implemented, DEAMS will replace nine stove-piped legacy systems with one integrated financial system, saving the Air Force a projected $18 million annually in operating costs. Accenture Federal Services is a wholly owned subsidiary of Accenture LLP, a U.S. company, with offices in Arlington, Va. Accenture’s federal business serves every cabinet-level department and 20 of the largest federal organizations. The U.S. federal portfolio spans across clients in civilian, defense, intelligence and public safety agencies.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV