|[February 21, 2013]
Accenture Awarded Financial Modernization Contract From U.S. National Science Foundation
ARLINGTON, Va. --(Business Wire)--
National Science Foundation (NSF) has awarded Accenture
Federal Services a five-year, $24.4 million contract to help
modernize the organization's financial system. The project will upgrade
the agency's 25 year-old financial accounting system to one that is
fully integrated, based on commercial-off-the-shelf software and hosted
in a shared service environment.
Accenture (News - Alert) will work with NSF to modernize current operations by
transitioning the agency to a cloud-based financial system, Accenture's Federal
Financials as a Service offering and its financial systems shared
service center. Accenture will help to increase the agency's efficiency
and effectiveness, and optimize business processes across all
"Today, the way federal agencies process and manage their financial
information can have a significant impact on their ability to deliver on
their mission. By improving NSF's efficiency and effectiveness,
Accenture will be helping the agenc deliver on its mission of promoting
scientific research nationwide," said Ed
Meehan, who leads Accenture's work with civilian agencies.
NSF is an independent federal agency created by Congress in 1950 to help
advance the country's progress in science, health and national defense.
The agency is the main source of funding for about 20 percent of all
federally supported research conducted by the nation's colleges and
Last year, NSF managed and dispersed $5.72 billion for research and
related activities. In fields that include mathematics, computer science
and the social sciences, the agency often is the major source of federal
financial backing. About 10,000 new awards are presented annually, with
an average duration of three years. These awards fund specific research
proposals for individuals and small groups of investigators. In the past
few decades, NSF-funded researchers have won more than 180
Accenture Federal Services is a wholly owned subsidiary of Accenture
LLP, a U.S. company, with offices in Arlington, VA.
Learn more about Accenture's
work with federal agencies, its Human Service practice, Empowering
Services, Improving Lives, and Delivering
Public Service of the Future.
Accenture is a global management consulting, technology services and
outsourcing company, with 259,000 people serving clients in more than
120 countries. Combining unparalleled experience, comprehensive
capabilities across all industries and business functions, and extensive
research on the world's most successful companies, Accenture
collaborates with clients to help them become high-performance
businesses and governments. The company generated net revenues of US
$27.9 billion for the fiscal year ended Aug. 31, 2012. Its home page is www.accenture.com.
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