View
218
Download
0
Embed Size (px)
Citation preview
Enterprise Financial SystemProject Update
Council of Research Associate Deans
January 17, 2008www.finsys.umn.edu
2
Project Timeline What the New System Will Replace System Benefits Grants Management Reporting Training and Organizational Design Communication For More Information
Agenda
3
Project Timeline Project is on schedule System Test phase began in
November 2007 System training and rollout begins
April 2008 System goes live July 2008
4
What the New System Will Replace
The new financial system will replace CUFS, Financial Forms Nirvana, EGMSi, JD Edwards, PAMS, TIMS, BNA, Bank Procurement Card System, Financial Reports on the Web, CUFS 1099 Bolt-on, and a number of other systems
5
New System Benefits Web-based system replacing old
mainframe no longer supported by vendor
Integrates financial processes across all campuses into a single enterprise
Integrates with HRMS and student systems
Presents improvements in processes, quality, and quantity of information
6
PeopleSoft Grants Integration
EGMS/PRF GRANTS
Projects
General Ledger
Contracts
AwardData
Projects, Activities andBudget Data
F&A and RevenueGrants
Transactions
Billing
Receivables
LOC and Invoicing
BilledData
Feeder Systems
Payables PurchasingGeneral Ledger HRMS -
Travel & Expense
Proposal Award
7
Grants Management
Proposal preparation will remain in EGMS Core functionality will remain the same Minor retrofits for new EFS terminology Departments still responsible for PRF SPA will continue to review and approve EGMSi replaced by EFS functionality
8
Grants Management (cont.) Online proposal and award tracking Electronic NOGA delivery Delivered PI reports Cost sharing captured in financial
system Custom sponsor invoice and report
forms available in system
9
Grants Management (cont.)
Ability to see daily F&A distribution and revenue transactions
Commitment control features
10
Reporting PeopleSoft provides a rich, robust,
and flexible information-delivery environment that will: Meet diverse reporting/information needs Meet diverse output and distribution needs Deliver equivalent financial reporting and
information currently provided by Data Warehouse UM Reports Financial Reports on the Web
11
Base Reports
Tools Deliverables• PS Reports • PS Query• nVision• Crystal
• Delivered queries and reports
• Extract financial data• All PS online search
pages (e.g., carry-forward)
12
Reports for Super Users
Tools Deliverables• PS Reports • PS Query• nVision• Crystal• XML Publisher
• Create and catalog queries to share
• Extract financial data• Management reporting• Analyze financial system
data for management decisions
13
Reports for Enterprise Analysts
Tools Deliverables• PS Reports • PS Query• nVision• Crystal• XML Publisher
• Strategic reports• Ad-hoc reports• Create and catalog
queries and reports for others to use
• Analyze enterprise systems data for management decisions
14
Organizational Design
Clusters provide a way to deliver functionality without decentralizing high-risk functions
Org design committees overseeing cluster process Committee chairs handout All committee members are identified
on the EFS web site
15
Training Two prerequisites currently available
COA and Basic Accounting System training begins April 2008 Approximately half of end-user training
courses will be online Competency assessments for most
courses Users will be required to pass
assessment for access to parts of system
16
Training (cont.) Faculty can designate a proxy to perform
financial system tasks for them (in which case the proxy would take the training and assessments)
Faculty who wish to create purchase requisitions, travel and expense documents, or perform other tasks in the financial system will need to participate in training relevant to the tasks, and then pass the associated assessments
17
Training (cont.) Faculty are not required to take a
reporting class. A tutorial demonstration on running queries and delivered reports will be available. It will include a list of common queries and reports, and it will give step-by-step instructions for running reports and queries.
18
Communications Ongoing outreach Faculty fact sheet Online chat session January 25 for
Q&As on training Online resources include:
Training course listing (with descriptions and prereqs)
Recorded presentations on various topics System highlights, including
module descriptions