{"slug": "treasury-signs-ps280k-deal-to-accelerate-ai-adoption-in-government-finance", "title": "Treasury signs £280k deal to ‘accelerate AI adoption in government finance’", "summary": "HM Treasury has awarded a £280,000 one-year contract to BearingPoint to accelerate AI adoption in government finance operations, following a year in which the department's AI use moved from early experimentation to organisation-wide use. The deal, signed on 17 August, aims to automate tasks and drive efficiency across the Government Finance Function. The Treasury has already rolled out Microsoft Copilot to all 2,000 employees and developed its own HMT-GPT tool, and plans to expand agentic AI in the 2027 fiscal year.", "body_md": "##### After recent disclosures indicated that the 2026 fiscal year was one in which the department undertook a widespread rollout of artificial intelligence tools, a new deal will support broader implementation\n\nHM Treasury has awarded a six-figure contract to a tech consultancy that will help the department increase the use of artificial intelligence tools in finance operations throughout government.\n\nOn 17 August, the department entered into a one-year contract with global management consulting firm BearingPoint. The engagement is valued at £280,000 and bears the title “accelerating AI adoption in government finance”.\n\nA commercial notice newly released by the Treasury reveals that the deal is intended to offer “contract support to accelerate and build understanding of AI use cases in the Government Finance Function to automate tasks and drive efficiency”.\n\nThe award of the contract comes just a few weeks after the department published its annual report and accounts for the 2026 fiscal year which stated that, over the 12-month period to March 2026, its use of AI progressed “from early experimentation to organisation-wide use”.\n\n### Related content\n\n[DSIT makes case to Treasury for ‘greater flexibility and removal of constraints’ on digital recruitment](https://www.publictechnology.net/2026/06/04/education-and-skills/dsit-makes-case-to-treasury-for-greater-flexibility-and-removal-of-constraints-on-digital-recruitment/)[Treasury taps tech firms to advise on public sector AI adoption](https://www.publictechnology.net/2026/03/05/business-and-industry/treasury-taps-tech-firms-to-advise-on-public-sector-ai-adoption/)[Treasury to probe departments’ payment ID measures](https://www.publictechnology.net/2026/03/20/economics-and-finance/treasury-to-probe-departments-payment-id-measures/)\n\nThe report added that the Treasury has already put in place general productivity tools – such as Microsoft Copilot, which has been rolled out to all 2,000 of the organisation’s employees –as well as its own in-house technology: HMT-GPT, which is intended to support the use of large-language model systems.\n\nSupported by its new external commercial agreement, the Whitehall organisation has [cited plans](https://www.publictechnology.net/2026/08/14/economics-and-finance/hm-treasury-ai-adoption-has-moved-from-early-experimentation-to-organisation-wide-use/) to grow the use of new technology during the ongoing 2027 fiscal year, including efforts “to target and embed the use of AI, further building capability, trialling new tools and continue be rolling out agentic AI to support coding and analysis, policy development and key processes across HM Treasury”, its report said.\n\nIts chosen supplier for the AI acceleration deal has worldwide headquarters in Amsterdam and, during the 2025 calendar year, posted annual revenues of a little over €1bn (£880m). in the past two years, BearingPoint’s other public-sector engagements include deal wins with the Ministry of Defence, NHS Shared Business Services, Cabinet Office, and Surrey County Council.\n\nAs well as the AI acceleration agreement, HM Treasury has also recently awarded two other valuable tech contracts, including a near-£2m three-year contract with Appvia – which will help manage the department’s Amazon Web Services environment. Elsewhere, the finance agency has signed a two-year £50,000 agreement with tech outfit Nine23, which has been contracted to provide a “secure gateway managed service to support access to the National Security Vetting Solution application via the Public Services Network”. Both these contracts came into effect on 1 August.", "url": "https://wpnews.pro/news/treasury-signs-ps280k-deal-to-accelerate-ai-adoption-in-government-finance", "canonical_source": "https://www.publictechnology.net/2026/08/25/economics-and-finance/treasury-signs-280k-deal-to-accelerate-ai-adoption-in-government-finance/", "published_at": "2026-08-25 12:56:32+00:00", "updated_at": "2026-08-25 13:13:09.202331+00:00", "lang": "en", "topics": ["artificial-intelligence", "ai-policy", "ai-tools", "ai-agents", "large-language-models"], "entities": ["HM Treasury", "BearingPoint", "Microsoft Copilot", "HMT-GPT", "Appvia", "Nine23", "Amazon Web Services", "Ministry of Defence"], "alternates": {"html": "https://wpnews.pro/news/treasury-signs-ps280k-deal-to-accelerate-ai-adoption-in-government-finance", "markdown": "https://wpnews.pro/news/treasury-signs-ps280k-deal-to-accelerate-ai-adoption-in-government-finance.md", "text": "https://wpnews.pro/news/treasury-signs-ps280k-deal-to-accelerate-ai-adoption-in-government-finance.txt", "jsonld": "https://wpnews.pro/news/treasury-signs-ps280k-deal-to-accelerate-ai-adoption-in-government-finance.jsonld"}}