STOCK TITAN

Accenture Federal Services Wins $453 Million Veterans Affairs Contract to Support and Modernize GI Bill Benefits Processing

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

Accenture Federal Services has secured a $453 million contract from the U.S. Department of Veterans Affairs to enhance GI Bill claims processing. This project aims to modernize education claims through automation, improved user experience, and IT consulting, complying with legislative updates from the Veterans Health Care and Benefits Improvement Act of 2020. The contract, spanning a base period of seven months with nine one-year options, will enable faster and more accurate delivery of benefits to veterans and their families.

Positive
  • Contract value of $453 million enhances Accenture's position in federal services.
  • Improves processing speed and accuracy for veterans' education claims.
  • Includes a 7-month base period with 9 additional one-year options.
Negative
  • None.

Accenture Federal Services (AFS), a subsidiary of Accenture (NYSE: ACN), has won a $453 million prime contract from the U.S. Department of Veterans Affairs (VA) to modernize and improve GI Bill claims processing for veterans, service members and their dependents.

Shawn Roman, Accenture Federal Services VA client account lead (Photo: Business Wire)

Shawn Roman, Accenture Federal Services VA client account lead (Photo: Business Wire)

Under the Digital GI Bill Delivery Program, AFS will improve education claims processing and transform other education and management systems for VA’s Veterans Benefits Administration (VBA) through automation, user interface / user experience design, service transformation, analytics, and other modern IT services. AFS’ work includes configuring the GI Bill Claims Processing and Management Service by implementing updates required by the Veterans Health Care and Benefits Improvement Act of 2020 and providing IT and management consulting services.

The contract runs for a base period of seven months with nine, one-year option periods. AFS will serve as the prime for this modernization effort, leading an integrated team of 12 subcontractors.

VA began transforming the education benefits of the GI Bill more than a decade ago with the passage of the Post-9/11 Veterans Educational Assistance Act of 2008. This contract will further transform the agency’s work.

“Changing job markets, workforce trends, technologies and most recently the COVID-19 pandemic have accelerated the need to provide GI Bill benefits to Veterans and their families while protecting benefits for beneficiaries impacted by the world’s shift to virtual learning,” Charmain Bogue, the VBA’s Executive Director of Education Service, said. “All of these changes highlight the need for a benefits delivery system that is highly responsive and adaptive to Veterans and their families in a digital world so VA can implement GI Bill program changes faster and accurately. With the Digital GI Bill delivery program, we look forward to further transform GI Bill benefits.”

Recent legislation requires VA to transform roughly two dozen legacy IT systems to improve the speed and accuracy of its education claims processes. This work is expected to improve the customer service for Veterans and allow future legislation to be implemented in a more rapid and agile manner.

“Accenture is excited to support VA in transforming its Digital GI Bill program– from the time a Veteran, service member or their dependent applies for a Certificate of Eligibility to when they graduate and search for meaningful employment,” said Shawn Roman, managing director at Accenture Federal Services and client account lead for VA. “Through the Digital GI Bill Delivery Program, we will help VA reduce its claims processing times through increased automation, enabling VA administrators and employees to focus on serving Veterans and providing a more productive veteran experience.”

This contract win continues Accenture’s work in support of VA, including Loan Guaranty, IT updates to implement the Harry W. Colmery Educational Assistance Act of 2017, as well as support for the Service Management Office.

About Accenture Federal Services

Accenture Federal Services, a wholly owned subsidiary of Accenture LLP, is a U.S. company with offices across the country including Arlington, Virginia, San Antonio, Texas, and St. Louis, Missouri. Accenture’s federal business has served every cabinet-level department and 30 of the largest federal organizations. Accenture Federal Services transforms bold ideas into breakthrough outcomes for clients at defense, intelligence, public safety, civilian and military health organizations. Learn more at www.accenturefederal.com

About Accenture

Accenture is a global professional services company with leading capabilities in digital, cloud and security. Combining unmatched experience and specialized skills across more than 40 industries, we offer Strategy and Consulting, Interactive, Technology and Operations services — all powered by the world’s largest network of Advanced Technology and Intelligent Operations centers. Our 537,000 people deliver on the promise of technology and human ingenuity every day, serving clients in more than 120 countries. We embrace the power of change to create value and shared success for our clients, people, shareholders, partners and communities. Visit us at www.accenture.com

FAQ

What is the value of the contract won by Accenture Federal Services from the VA?

The contract is valued at $453 million.

What is the purpose of the contract awarded to Accenture Federal Services?

The contract aims to modernize and improve GI Bill claims processing.

How long is the contract period for Accenture's work with the VA?

The contract has a base period of seven months and includes nine one-year options.

Which legislation drives the updates in GI Bill claims processing?

Updates are required by the Veterans Health Care and Benefits Improvement Act of 2020.

What benefits does the Digital GI Bill Delivery Program aim to provide?

It aims to provide faster and more accurate education benefits for veterans and their families.

Accenture PLC

NYSE:ACN

ACN Rankings

ACN Latest News

ACN Stock Data

225.49B
674.36M
0.07%
73.17%
1.02%
Information Technology Services
Services-business Services, Nec
Link
United States of America
DUBLIN