Accenture awarded Navy financial management contract worth up to $182 million
08/06/2010
US Navy awards Accenture contract for department-wide financial management improvement services.

Fuente:  www.consultant-news.com    Fecha:  08.06.2010

Accenture awarded Navy financial management contract worth up to $182 million

The US Department of the Navy awarded Accenture an indefinite delivery/indefinite quantity (IDIQ) contract to provide financial management services to support the Navy’s Office of Financial Operations in its implementation of the department’s Financial Improvement Program (FIP).

The IDIQ contract includes a one-year base ordering period and four one-year options. If all options are exercised, the total potential value to Accenture is $182 million.

The FIP’s objectives are to improve the accuracy, timeliness, and reliability of financial information for decision-making and to increase confidence in the Navy’s financial management capabilities.

“The FIP is vitally important to strengthening financial processes and systems, resulting in improved financial data quality. This is a critical initiative that aids senior Navy leaders in making better-informed decisions,” said Lisa M. Mascolo, managing director of Accenture U.S. Federal client service group.

In addition, Accenture will provide audit readiness support, including internal control documentation and training to help the Navy be prepared for future audits. Financial system improvements, including efforts to enhance data integrity and system interfaces, also are part of Accenture’s scope.

Finally, Accenture will assist the Navy in implementing solutions to identify deficiencies, including system improvements, process reengineering and implementation of guiding U.S. Department of Defense business practices. Resulting corrective actions will be considered within the scope of the contract as long as they are associated with financial improvement.


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