AT&T to develop Army financial systems

AT&T Government Solutions, under a contract that could span five years, will develop two new systems for the Army's finance processes.

The work supports the Army Materiel Command’s Enterprise Integration Directorate. In addition to developing and fielding the two major systems — Funds Control and Exchange Pricing -- AT&T will provide services related to logistics transformation and Army modernization, such as business process re-engineering, software systems development, information assurance and consulting.

“Supply chain transformation is an extremely important area of focus for military branches that are looking to reduce costs and increase efficiencies,” said Don Herring, president of AT&T Government Solutions, in a written statement. “AT&T’s Funds Control and Exchange Pricing will help improve the Army’s financial controls in support of their combat operations.”

The contract has a one-year base and four one-year options. It could be worth as much as $64.1 million if it runs the full five years, according to AT&T.

The Enterprise Integration Directorate contract supports overseas operations in Germany, Kuwait, Hawaii and South Korea. It also manages the Single Stock Fund, which AT&T originally developed. The Army uses the fund for managing inventories and other related financial accounting processes.