Accenture Federal Services was today awarded a two-year, $42.2 million contract from the U.S. Air Force (USAF), to continue work on improving the Air Force financial management system. The contract supports the second phase of continued development activities for the Defense Enterprise Accounting and Management System (DEAMS), the Air Force’s principal financial transformation initiative.
When fully implemented, DEAMS will replace nine stove-piped legacy systems with one integrated financial system, saving the Air Force $18 million annually in operating costs. Currently, DEAMS successfully manages about $800 million in monthly billings and cash collection, and processes more than 100,000 invoices annually for the Air Force.
“Better financial data means better decision making. An organization as large, complex and critical to our national security as the U.S. Air Force needs a 21st century financial management system, and that is what DEAMS is designed to achieve,” said Joe Chenelle, who leads Accenture’s U.S. defense and intelligence work.
DEAMS integrates data and processes across USAF, U.S. Transportation Command (TRANSCOM) and the Defense Finance and Accounting Service (DFAS).
DEAMS streamlines cost accounting, purchase requests, accounts payable, financial obligations, and collections and customer billing, giving the Air Force more timely, accurate, relevant financial data and helping the service achieve audit-ability.