The 黑料吃瓜网 is a huge organization 鈥� a University for more than 59,000 students, a workplace for more than 47,000 employees and a small city鈥檚 worth of operations, from maintaining residence halls and food services to running hospitals and clinics across the region. An institution of this size requires a broad strategy of modernizing our administrative systems, policies and processes.
黑料吃瓜网 Finance Transformation (黑料吃瓜网FT) is an important step in this direction, and is much more than a systems update. It鈥檚 a collaborative redesign of our current finance policies, processes and systems, and will help teams reduce risk by giving them more predictable and real-time information for making financial decisions.
Our current Financial Accounting System (FAS) was first developed in 1974 using a COBOL-based platform for an institution with a $552 million annual budget. Fast forward to today and the 黑料吃瓜网鈥檚 annual revenues stand at $8 billion, yet investments in our infrastructure have not kept pace with the demands of our growing operations.
鈥淎s a world-class research university serving stakeholders from undergraduates to hospital patients, we need to evolve our finance processes, policies and systems to be more cost efficient and ensure responsible stewardship of our resources,鈥� said 黑料吃瓜网 President Ana Mari Cauce. 鈥淭hat makes 黑料吃瓜网FT crucial to our public service mission.鈥�
Following a thorough fit-gap analysis, the 黑料吃瓜网 identified Workday as the best platform to support the institution鈥檚 business objectives while also providing a seamless, tightly integrated solution for human resources, payroll, procurement and finance. This will allow for standardized, non-redundant, and strategic decision-making across the University.
With a go-live date of July 1, 2022, 黑料吃瓜网FT recently received full funding and approval by the Board of Regents to enter into the Implementation Phase. The program team, along with partners in 黑料吃瓜网 Finance, 黑料吃瓜网-IT, 黑料吃瓜网 Medicine, the Integrated Service Center (ISC) and research (ORIS), will work with stakeholders across the University to build out processes, configure the system and test and train prior to launch.
More information on 黑料吃瓜网FT can be found at