2020 was a productive year for Amentum’s finance organization. Effective last Jan. 31, Amentum essentially became a new company. The finance organization had to establish new functions to support the business, to ensure the proper financial capitalization of the business was in place, and that the finance organization provided the necessary resources to serve its customers optimally.
“Prior to the sale of the business from AECOM, much of the newly added financial support was provided by the corporate entity,” Amentum Chief Financial Officer Jake Kennedy said. “We are very proud of the fact that we were able to stand up the new functions quickly and provide the needed value added support to our stakeholders.”
Being a stand-alone business has afforded the company the flexibility to deploy innovative technologies, including robotic process automation and data analytics to enhance Amentum’s project management delivery, cost management and cash flow. As a result, the company has realized improved margins and cash flow.
And each of Amentum’s support functions captures a significant amount of meaningful information, whether that information is related to human capital, business development or trends driving the activities the company supports for the customer. Historically, this information has been captured in disparate systems and databases.
“We have focused on assimilating this information using business intelligence tools that help us better predict resource needs, identify potential risks before they occur and support strategic initiatives,” Kennedy said. “We have spent a great deal of energy distilling meaningful information for our customers and our customers are responding positively as evidenced by our positive CPAR scores.”
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The company remains excited about the DynCorp International acquisition, which closed Nov. 20.
“Much of our team’s focus in 2021 will be about integrating the businesses to inspire the best from both organizations,” Kennedy said. “We will also continue to focus on being more efficient and providing more predictive information to our projects with our goal of always exceeding customers’ expectations.”