The Department of Defence has awarded CSC Australia a $15m contract to upgrade its ageing financial information management system.
In a statement released today, Defence announced it is updating its ROMAN financial information management system to a "contemporary version" of the core application supplied by software giant SAP.
The upgrade is slated to "improve and modernize" Defence's accounting and reporting capabilities and comes at a time when IT support is still finding its feet with outsourcer Kaz.
"By using the capabilities inherent in the newer version of the SAP application, Defence will be able to further develop its accounting and financial reporting," according to the statement.
The upgrade will also improve Defence's ability to effectively manage its budget of nearly $20 billion and assets of over $55 billion.
SAP's software will support international financial reporting standards and assist with any audit of the 5 million transactions Defence processes each year.
The ROMAN upgrade is a key government initiative to further enhance Defence's financial management capabilities and ensure that support for Defence's key financial information management system is available into the future.
Staff from CSC and Defence will work on the upgrade project which should be completed in 12 to 18 months.