Accenture Federal Services Wins USPTO Contract to Support and Modernize Financial Management Systems

Rhea-AI Summary

Accenture Federal Services (AFS), a subsidiary of Accenture (NYSE: ACN), has secured a $50 million contract from the U.S. Patent and Trademark Office (USPTO). This five-year blanket purchase agreement mandates AFS to modernize and maintain the agency’s financial management systems for the Office of the Chief Financial Officer. AFS will enhance various systems, including the Enterprise Data Warehouse and reporting tools, while also implementing advanced technologies like AI and machine learning, furthering its commitment to support USPTO's mission.

Positive

• Awarded a $50 million contract, enhancing revenue potential.
• Involvement in modernization of USPTO's financial management systems aligns with industry trends.
• Potential for increased collaboration with USPTO in advanced technology areas.

Negative

• None.

Accenture Federal Services (AFS), a subsidiary of Accenture (NYSE: ACN), has been awarded a $50 million contract by the U.S. Patent and Trademark Office (USPTO). Under the five-year, blanket purchase agreement (BPA), AFS will operate, maintain and modernize the agency’s financial management systems for the Office of the Chief Financial Officer (OCFO).

Rasha Nahas, managing director and the U.S. Department of Commerce lead for Accenture Federal Services (Photo: Business Wire)

“We are proud to support USPTO and enable the delivery of next-generation IT and enterprise data platform services to strengthen the performance of the agency’s financial management system,” said Rasha Nahas, managing director and the U.S. Department of Commerce lead for Accenture Federal Services.

AFS’ work includes program management, operations and maintenance, together with development, enhancement and modernization of all systems in USPTO’s Information Delivery Product (IDP) master system. The IDP products and tools include the Enterprise Data Warehouse (EDW) and associated data marts; reporting and visualization tools; an extract, transform, and load (ETL) tool; a distributed content repository; web applications and an Enterprise Information Portal (EIP).

This contract is the second AFS award this year in support of USPTO. “We look forward to working collaboratively with USPTO to deliver advanced technologies as part of our broader support for the agency’s mission, including analytics, cloud, intelligent automation, machine learning, and artificial intelligence (AI)” said Nahas.

About Accenture Federal Services

Accenture Federal Services, a wholly owned subsidiary of Accenture LLP, is a U.S. company with offices in Arlington, Virginia. 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 514,000 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210113005071/en/

FAQ

What contract did Accenture (ACN) receive from the U.S. Patent and Trademark Office?

Accenture Federal Services was awarded a $50 million contract to modernize and maintain the USPTO’s financial management systems.

How long is the contract awarded to Accenture (ACN) by USPTO?

The contract is a five-year blanket purchase agreement.

What will Accenture (ACN) do under its contract with the USPTO?

Accenture will operate, maintain, and modernize the financial management systems for the Office of the Chief Financial Officer.

What technologies will Accenture (ACN) implement for USPTO?

Accenture plans to implement advanced technologies, including AI, machine learning, and cloud services.

Is this the first contract Accenture (ACN) received from USPTO in 2023?

No, this is the second award received by Accenture in support of USPTO this year.