Accenture Federal Services has won a five-year, $24.4 million contract from the U.S. National Science Foundation (NSF) in an effort to help modernize the organization’s financial system.
“Today, the way federal agencies process and manage their financial information can have a significant impact on their ability to deliver on their mission,” said said Ed Meehan, Accenture’s leader with civilian agencies. “By improving NSF’s efficiency and effectiveness, Accenture will be helping the agency deliver on its mission of promoting scientific research nationwide.”
The project will upgrade the agency’s 25 year-old financial accounting system to a fully integrated system based on commercial-off-the-shelf software and hosted in a shared service environment. Accenture will work with NSF to modernize current operations by transitioning the agency to a cloud-based financial system and by helping to increase the agency’s efficiency and effectiveness, optimizing business processes across all departments.
NSF, an independent federal agency, is the main source of funding for about 20 percent of all federally supported research conducted by the nation’s colleges and universities.
