Posted: Wednesday, June 25, 2003
The National Aeronautics and Space Agency (NASA) has completed a major agency-wide financial system upgrade with the help of Accenture 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 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 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."
With its $15.1 billion annual budget (FY03), NASA operates 10 centers across the United States 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 including Human Space Flight and Science, Aeronautics, and Technology.
Accenture is the world's leading management consulting 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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