Accenture Helps NASA Develop and Launch New Core Financial System.Business Editors WASHINGTON--(BUSINESS WIRE)--June 25, 2003 The National Aeronautics and Space Agency (NASA NASA: see National Aeronautics and Space Administration. NASA in full National Aeronautics and Space Administration Independent U.S. ) has completed a major agency-wide financial system upgrade with the help of Accenture (NYSE NYSE See: New York Stock Exchange : ACN ACN Accenture (stock symbol) ACN Accenture ACN Australian Company Number ACN Automatic Collision Notification (US DOT) ACN Acetonitrile ACN Anglican Communion Network ) that is designed to improve the way the agency manages its projects, achieve cost savings through more efficient financial management processes, and enhance its ability to adhere to adhere to verb 1. follow, keep, maintain, respect, observe, be true, fulfil, obey, heed, keep to, abide by, be loyal, mind, be constant, be faithful 2. federal cost accounting standards. Specifically, the Integrated Financial Management Program, as the project is known, is designed to help NASA: (1) obtain more timely, consistent, and reliable financial information; (2) improve its ability to assess program costs; (3) increase the operational effectiveness of, and reduce the costs associated with, its accounting, budgeting, and financial management processes; and (4) enhance information sharing See data conferencing. with customers and other stakeholders. As the designated implementer on the Integrated Financial Management Program, Accenture worked with NASA to consolidate 10 disparate financial management systems and processes into a single standard system based on the implementation of SAP's Industry Solution - Public Sector (IS-PS) software. This week the remaining four of NASA's 10 centers were transitioned to the new core financial system, which now supports 10,000 users across the agency. "The new system puts NASA at the forefront of federal agencies looking to transform the way they manage their financial operations," said Stanley J. Gutkowski, managing partner of Accenture's USA Government practice. "The agency now has a financial information backbone that integrates with project management data to provide an integrated view on the status of each project. This allows for better decision-making, improved operational efficiencies, and a much higher level of accountability." About NASA With its $15.1 billion annual budget (FY03), NASA operates 10 centers across the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and employs more than 17,000 civil servants. NASA's fundamental financial and resource management goal focuses on efficient and effective support of NASA missions This is a list of NASA missions, both manned and unmanned, since its establishment in 1958. Human spaceflight NASA has successfully accomplished many human space missions. including Human Space Flight and Science, Aeronautics, and Technology. About Accenture Accenture is the world's leading management consulting Noun 1. management consulting - a service industry that provides advice to those in charge of running a business service industry - an industry that provides services rather than tangible objects and technology services company. Committed to delivering innovation, Accenture collaborates with its clients to help them realize their visions and create tangible value. With deep industry expertise, broad global resources and proven experience in consulting and outsourcing, Accenture can mobilize the right people, skills, alliances and technologies. With more than 75,000 people in 47 countries, the company generated net revenues of $11.6 billion for the fiscal year ended August 31, 2002. Its home page is www.accenture.com. |
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