CACI Support Global Financial Management Solution

CACI International Inc (NYSE MKT: CACI) announced today it has been awarded a $37 million prime contract to continue providing development, enhancement, and maintenance support of the Defense Agencies Initiative (DAI) Global Model federal financial management and accounting solution. This three-year contract expands the size and scope of existing DAI work within CACI’s Business Systems market area.

DAI is a critical Department of Defense (DoD) effort to transform the budget, finance, and accounting operations of most DoD agencies. CACI offers in-depth experience and proven solutions in support of the DAI. Under this contract, CACI will provide solution architecture, compliance, and configuration management expertise needed to continue the operation and deployment of the DAI Global Model, an Oracle® enterprise resource planning application, to more than 25,000 users across multiple defense agencies. With the Global Model, DoD aims to standardize its federal financial management and accounting systems and ensure compliance with federal and DoD financial management laws, regulations, and policies.

John Mengucci, CACI’s Chief Operating Officer and President of U.S. Operations, said, “CACI will assist the Department of Defense in standardizing financial management and accounting systems and processes for agencies throughout the department. These efforts will provide our customers with real-time visibility into transactions, improved services and processes, and savings in time and cost.”

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According to CACI President and Chief Executive Officer Ken Asbury, “As part of our strategy to grow in our Business Systems market area, we continue to develop industry-leading experience and expertise that helps our customers modernize and improve their financial systems. This includes support for Department of Defense business systems that DoD decision-makers rely on to serve and equip our military men and women.”

Source: CACI International Inc
Date: Jul 7, 2016