Accenture Awarded $53.1M In Two Contracts To Manage U.S. Army's General Fund Financial System
The U.S. Army has awarded Accenture Federal Services two contracts with a combined value of $53.1 million to provide continued maintenance and operations support to one of the largest enterprise resource planning systems in the world, the General Fund Enterprise Business System (GFEBS).
Under one contract, valued at $42 million, Accenture will provide maintenance and daily operations support across several functions, including project management, help desk and application development. Accenture also will provide on-site technical and training support to GFEBS at bases and installations throughout the Army as part of an $11.1 million award. The contracts will continue to help the Army improve financial accountability across the service.
“Declining budgets are creating challenges and opportunities in the defense community,” said Joe Chenelle, who leads Accenture's defense and intelligence agency business. “GFEBS is providing decision makers with better ways to manage the enterprise, helping the Army save money and increase efficiency with streamlined financial business processes.”
Delivered by Accenture in 2012, GFEBS transformed the Army's 107 legacy financial management and real property systems into a single source for financial, real property, cost management and performance data and created a core system of record for the Army General Fund. GFEBS manages $220 billion and serves more than 52,000 users at 227 worldwide locations and eliminates manual data entry and reconciliations, making the processing of this data more efficient and timely.
GFEBS supports one of the Army's most critical goals: achieving auditability. It is the first Army-wide system to meet and sustain Federal Financial Management Improvement Act compliance, helping the Army standardize and streamline its financial business processes, providing continuous access to accurate, reliable and timely financial information. More than an accounting system, GFEBS is the Army's new business system. It enables managers to make more informed decisions with the ability to direct the cost, schedule and performance of programs through one, integrated, highly visible system.
Accenture Federal Services is a U.S. company, with offices in Arlington, Va., and is a wholly owned subsidiary of Accenture LLP. Accenture's federal business serves every cabinet-level department and 20 of the largest federal organizations with clients at defense, intelligence, public safety, civilian and military health organizations.
Learn more about Accenture's work with federal agencies, and Delivering Public Service for the Future.
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