The U.S. National Science Foundation (NSF) has awarded Accenture Federal Services a $24.4 million, five-year 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, commercial-off-the-shelf 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. By leveraging its Federal Financials as a Service offering and its financial systems shared service center, Accenture will help to increase NSF’s efficiency and effectiveness, and optimize business processes across all departments of the agency.
“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 agency deliver on their 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 universities.
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, NSF 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 Nobel Prizes.
Accenture is tasked with providing implementation services, integration services, hosting services, project management, organizational change management & training and the software licenses.