WASHINGTON; Jan. 18, 2005 – Accenture has been awarded a contract to help the United States Mint operate and improve the business systems and processes that support its retail sales and marketing activities. The maximum potential value of the electronic business solutions contract is $87 million over five years if option years are exercised.
The e-business solutions project is designed to help the United States Mint improve its operations to increase revenue while at the same time reduce operating costs. The United States Mint’s sales and marketing operation generates approximately $300 million in annual revenue and includes retail channels (including web, phone and mail-in orders), warehouse operations, call center operations, and management and reporting functions.
“Many of the business challenges the United States Mint faces, such as improving operational efficiency and increasing revenues, are the same ones that private-sector retail organizations face,” said Lisa Mascolo, managing partner of Accenture’s Federal client group. “Consequently, the solutions for addressing those challenges are similar as well. We will use our experience with the commercial retail sector to help the United States Mint find ways to enhance its revenue-generating activities while driving down operating costs.”
Key subcontractors to Accenture on the program will be Qwest, PFSWeb, Commercialware, Evantes, Sapient, Acxiom, Akamai and Optimal Solutions.
Accenture is a global management consulting, technology services and outsourcing company. Committed to delivering innovation, Accenture collaborates with its clients to help them become high-performance businesses and governments. With deep industry and business process expertise, broad global resources and a proven track record, Accenture can mobilize the right people, skills and technologies to help clients improve their performance. With more than 100,000 people in 48 countries, the company generated net revenues of US$13.67 billion for the fiscal year ended Aug. 31, 2004. Its home page is www.accenture.com.