WASHINGTON; July 1, 2005 – The U.S. Army has awarded Accenture a contract to design, build, run and maintain its new financial system. The value of the contract is estimated by the Army to be $431 million over a 10-year performance period.
The purpose of the new financial system, known as the General Fund Enterprise Business System (GFEBS), is to ssshelp the Army standardize and streamline its financial business processes to provide continuous access to accurate, reliable and timely financial information across the entire organization. GFEBS will replace three existing information systems -- the Standard Army Finance System, the Defense Joint Accounting System and the Standard Operation and Maintenance Army Research and Development System.
The GFEBS solution will be based on commercial-off-the-shelf software from SAP to manage $100 billion in annual appropriated expenditures across the active Army, National Guard and Army Reserves.
GFEBS will be Web-based and is intended to support more than 79,000 users in over 200 locations around the world. The system will be designed to integrate seamlessly into the Army’s current information technology environment. When completed, GFEBS will be one of the largest enterprise financial systems in the world.
The project also includes significant business process reengineering, change management, and business case analysis support components.
“We are honored by the Army’s selection of Accenture as their business partner for this important program,” said Eric Stange, managing partner of Accenture’s Defense and Homeland Security practice. “The Army and Accenture are organizations known for achieving results and delivering on commitments, and we are privileged to help the Army improve its financial management systems in support of its overall transformational goals.”
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 110,000 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.