Breadcrumb

Record to Report (RTR) includes general ledger, cash management, fixed assets and accounts receivable.

Question Answer

Does the Oracle implementation include the account reconciliation module?

UCR did not acquire an account reconciliation module for department reconciliation use.  LRSS will continue to be used for tracking and documentation storage for departmental financial reconciliations.
Will the new system integrate stringent business rules (unlike UCPath) that will prevent error coding with the new COA given that there will now be more room for error with the additional fields? UCR plans on implementing robust validation rules including enhancement to UCPath COA validations.  COA training will be offered to campus users in coming months.

Project Portfolio Management (PPM) includes contracts and grants and capital projects.

Question Answer

Will PIs be able to see live information about their contracts & grants? They've been asking why banks can provide this but UCR cannot.

It is anticipated that PI’s will be able to see more timely information on their contract and grant activity.
How will shared funds be tracked? It depends on the type of shared funds.  For contract and grants, shared funds will be tracked using different project codes (i.e. new chart of account “project codes”).  For non C&G shared funds, the new budget module, EPM will allow for budgeting by Flex 1 and Flex 2 to assist with tracking.

Procure to Pay (PTP), also referred to in Higher Ed as P2P,  includes procurement, accounts payable, and supply chain.

Question Answer

 

 

Enterprise Performance Management (EPM) includes financial planning, including budget, forecasting and labor planning.

Question Answer

 

 
Question Answer

Will users be allowed to use the open query space in Oracle or Smartview?

One of Impact23 guiding principles is campus users will have access to robust reporting.