U.S. Department of Defense Awards Accenture Forecasting Improvement Contract

Press release:

August 14, 2012

U.S. Department of Defense Awards Accenture Forecasting Improvement Contract

 

Work will focus on using advanced analytics to improve supply chain cost and performance

 

ARLINGTON, Va.; Aug. 14, 2012 –The U.S. Office of the Deputy Assistant Secretary of Defense has awarded Accenture Federal Services a two-year contract to identify ways that will improve forecasting techniques throughout the U.S. Department of Defense (DOD). Accenture will work with forecasting, inventory and metrics leads from all branches of the military and the Defense Logistics Agency to baseline current practices for forecasting Department of Defense inventory.

 

Work will focus on the lifecycle of an item or weapons system: when it is fully fielded, has an established operational requirement, when it is being phased out of operations. Accenture will use advanced analytics and simulation tools to determine how enhanced forecasting processes may help improve forecast accuracy, inventory levels and supply chain performance. 

 

“As budgets continue to shrink and demand for smart business decisions increases, analytics and simulation are essential tools to accelerate and improve supply chain systems,” said John Goodman, who leads Accenture’s defense and intelligence business.

 

Accenture’s federal business serves every cabinet-level department and 20 of the largest federal organizations. The U.S. federal portfolio spans across clients in civilian, defense, intelligence and public safety agencies.

 

Learn more about Accenture’s defense work, from Insights to Outcomes, its work with federal agencies and delivering Public Service of the Future.

 

About Accenture

Accenture is a global management consulting, technology services and outsourcing company, with more than 249,000 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 $25.5 billion for the fiscal year ended Aug. 31, 2011.  Its home page is www.accenture.com.

 

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Accenture Upgrades Technology to Help Massachusetts Manage $45 billion Annual Budget

March 08, 2012

 

Accenture Upgrades Technology to Help Massachusetts Manage $45 billion Annual Budget

 

Commonwealth Raises Standards for State Budgeting and Forecasting

  

BOSTON, Mass.; March 8, 2012 –At a time when state governments face unprecedented challenges in meeting the needs of their citizens, the Commonwealth of Massachusetts has implemented a new budget system and adopted standards that enhance the state’s ability to project and allocate financial resources throughout the fiscal year.

 

Accenture (NYSE:ACN) worked with the Commonwealth of Massachusetts Executive Office for Administration and Finance (ANF) to complete the Commonwealth’s annual budget process using the new “Massachusetts Budget Application.”  

 

The system enhances the state’s ability to provide a uniform, consistent and comprehensive budget process for the state’s 156 agencies by creating a common approach to project budget needs and reviewing and approving budget proposals. A detailed workforce-planning capability now enables agencies to project spending by individual positions and full-time employee staffing levels.

 

The new system also provides administration officials with a powerful tool that creates the foundation for more informed decisions about allocations to support programs and services while providing increased visibility on how agencies match financial and personnel resources to critical services and needs.

 

“Our goal was to build a foundation for better analysis and continual enhancements of the state’s performance, leveraging information to improve outcomes and fulfill missions of each state agency as well as the Commonwealth’s fiscal responsibilities to its citizens,” said Matthew Gorzkowicz, Massachusetts undersecretary for Administration and Finance.

 

Additional features and benefits of the new system include:

• Ability to do detailed workforce planning and position-based budgeting
• All funds (Operating, Federal, Trust) budgeting and reporting capabilities
• Visibility into the budget development, review and approval process
• Detailed point-in-time capabilities that reconcile budgeted costs to actual expenditures
• Increased accuracy to project cash flow to better identify spending patterns

 

“State governments face new fiscal constraints and increased pressure to control costs,” said Pallavi Verma, Accenture senior executive. “Massachusetts has demonstrated leading-edge fiscal management and a commitment to its citizens.”  

 

Accenture will continue working with the Commonwealth on other budget-related projects, including consolidating the state’s budget technology platform, implementing a planning application for capital budgets, creating budget management dashboards for state executives and the production of the governor’s budget.

 

Learn more about Accenture’s work with governments on cost reduction and budget transformation and delivering Public Service for the Future.

 

About Accenture

Accenture is a global management consulting, technology services and outsourcing company, with more than 244,000 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$25.5 billion for the fiscal year ended Aug. 31, 2011.  Its home page is www.accenture.com.

 

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