| Finance
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General
Ledger
The general ledger is the repository of all financial transactions
for the University. In the new Oracle environment, the general ledger
account structure will facilitate the collection, management, and
analysis of financial information.
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Funds
Management
The Oracle Grants Management system will provide an integrated post-award
grant accounting and project management solution for the University.
Sponsored research administration can be broken down into two stages,
pre-award and post-award. With the implementation of Oracle Grants
Management, most of the post-award functions of sponsored research
administration will be automated in Phase 1 of the project. MORE |
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Labor
Distribution
The Oracle Labor Distribution (LD) application is used with Funds
Management application to provide an efficient mechanism to allocate
labor costs (salaries, wages, etc., for all faculty, staff, and student
workers) to different fund sources. The LD application uses the powerful
and flexible Oracle reporting tools to support effort reporting for
federal compliance purposes. MORE
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Accounts
Receivable & Cash Management
Oracle Public Sector Receivables is a full function accounts receivable
system. Oracle Receivables will be implemented during Phase 1 concurrent
with Oracle Cash Management in order to more fully maximize the integration
between the two applications. Oracle Receivables provides effective
customer account management through University-defined letters and
statements, as well as aged trial balances and key indicator reports.
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Purchasing
& Accounts Payable
Oracle Purchasing and Accounts Payable applications will streamline
the procurement and payment process at the University, both at the
central and departmental levels, and facilitate the tracking of transactions.
Requisitioning, receiving, and approval will be done on-line, thus
reducing transaction processing time, use of paper, and administrative
effort. MORE
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Order
Entry & Inventory
The University is exploring a creative use of the Oracle Order Entry
and Inventory applications. The ISP Purchasing/Accounts Payable (PO/AP)
team will search for a way that internal service providers can offer
their goods and services in the Oracle Purchase Order application
and, after customer selection, use other Oracle applications (Order
Entry and Inventory) to "ship" and bill for the goods or
services. MORE |
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Finance
Reports & Data Store
The promise of the Oracle applications is the prospect of being able
to enter and retrieve information that will assist in management decisions,
from the individual to the institutional level. It is expected that
the time consuming practice of re-keying information from the core
financial system into "shadow" systems will be substantially reduced,
if not eliminated. MORE |
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