Accenture has announced the completion of the first phase of the Army’s new financial management system, known as the General Fund Enterprise Business System (GFEBS), at Fort Jackson, S.C.
GFEBS is designed to help the Army standardize and streamline its financial business processes and provide continuous access to accurate, reliable and timely information across the service.
The new system is based on off-the-shelf software from SAP, Accenture said.
A technology demonstration at Fort Jackson in July proved GFEBS’ ability to meet the information requirements needed to operate and support the management of Real Property Inventory, part of the Army’s general fund. It also indicated that the system could perform real property inventory effectively as a single solution, although that is just one of the functions the system is designed to do when fully implemented.
GFEBS will manage the Army’s general fund, providing information to more than 79,000 users in more than 200 locations worldwide and giving Army decision-makers real-time data on the full range of financial and budgetary matters.
The GFEBS project, which began in July 2005, is slated for a 10-year global deployment and operations schedule. When completed, it will replace several Army systems, including the Standard Army Finance System and the Standard Operation and Maintenance Army Research and Development System.