Evolving Financial Reporting

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Evolving Financial Reporting - Description

Consolidated . Expenditure Reporting . Evolve Financial Reporting Program Overview. OBI Consolidated Expenditure Reporting (CER) . Dashboard Demo. Transitioning to OBI CER. 2. Agenda. Evolve Financial Reporting . ID: 745952 Download Presentation

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Evolving Financial Reporting




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Presentations text content in Evolving Financial Reporting

Slide1

Evolving Financial Reporting

Consolidated Expenditure Reporting

Slide2

Evolve Financial Reporting Program Overview

OBI Consolidated Expenditure Reporting (CER)

Dashboard Demo

Transitioning to OBI CER

2

Agenda

Slide3

Evolve Financial Reporting Program Overview

3

Slide4

Enable high quality business decisions

by delivering the right information to the right people

at the

right timevia the most effective method.Evolve Financial ReportingVision4Program Goals Deliver self-service analysis and reportingStandardize and streamline field names and reporting contentBuild and evolve data foundationAddress rapidly changing business needs

more efficiently

Educate staff

on financial management reporting

Slide5

Evolve Financial Reporting Program: OverviewScope and phasing

Reporting Phase

Delivery Date

NotesPayroll and Labor Management (PLM)October 2013Payroll earnings, time and leave, and labor schedule detailPTA and Reference Data ReportingApril 2014PTA and Expenditure Type attributesExpense Request Reporting (ERR)February 2015Reimbursements and other expense requests dataConsolidated Expenditure Reporting (CER)March 21, 2016

Expenditure Statements replacement (e.g., FIN_EXP 279, 285)

Budgets, Actuals, Hard Commitments, iJournals

P2P

Detail Reporting

January 2017

All other P2P detail (in addition to ERR)

Completes

ability to drill to details for expenditures

Revenue

and Fund Reporting

August

2017

General Ledger Data (e.g. FIN_FUND 153, 154)Budget Management Reporting (Tidemark)TBDIncorporates additional data for Budget Mgmt processAspects of Budget Management Reporting to be delivered as part of CER and REV phases

5

Payroll and Labor

Management ReportingFall 2013

Expense Request ReportingFeb. 2015

Integrated Payment and Expenditure Reporting

Revenue and Fund Management ReportingEst. Delivery Aug 2017

Budget Management

Consolidated Expenditure ReportingMarch 21, 2016

Procure to Pay Detail ReportingEst. Delivery Jan. 2017

We are here

Slide6

RM3 Reports Included in the Scope of CER

6

*RM3 reports shown below will not be retired until sometime after YEC FY2016

EXP 275EXP 276EXP 277EXP 278

EXP 281EXP 285BGT 211

EXP 279

EXP 279A

EXP 280

JNL 230

JNL 231

NEW

Drill down to transaction details formerly found in:

LABOR 168, LABOR 169, LABOR 170, LABOR 172, LABOR 173, LABOR 247, IOU 265, IOU 266, IOU 267, IOU 269, IOU 268, PCARD 187, TCARD 301, JNL 230, JNL 231

Report

links:

EXP 109

EXP 279

Data download

NEW

e.g. PI Burn Rate NEWActual to Actual

Slide7

Drill down to details and across reports

Faster that the equivalent RM3 reportsReports can be run over multiple years

Ability

to customize a dashboard report the way you want it (and save and share that customization!)Excel-like functionality (moving columns, changing sorts, summarization, etc.) directly in the OBI tool Functionality to export all reports in excel friendly format (you can pivot right away!) Consistent column namesFor those that want it, every project includes the delivery of an ad hoc

Things you will love about OBI CER

Slide8

CER User Acceptance Testing

Preparing for a successful transition

over

queries runAnne to update2,972 queries run59 Days

After

weeks of

testing:

GSB

553

Participants

From

26

Budget

Units

Representing

96

Different Jobs

10

User Days

in the System Testing

2,246* That’s over 11 years!*

87,000by participants and over 130,000

queries in total

175

Logged Enhancements

by UAT testers

94

Already Implemented

Slide9

What people are saying about CERFrom participants in User Acceptance Testing

cc

More robust

interface!

Two Words: DRILL DOWN

More intuitive and user-friendly than RM3

Like

going from an early

2000s flip phone to an iPhone 6

Slide10

Transitioning to OBI CER

10

Slide11

Initial CER Release:Users of in-scope RM3 reports will automatically be granted OBI CER authority based on the scope of their RM3 authority (now is a good time to clean up existing RM3 authority)

Training will be required for new OBI users before access is granted (FIN-0340: Intro to OBI Financial Reporting)Post Release:Schools and

departments will be responsible for granting authority to new users and monitoring/updating authority

Training will be required before access is granted (FIN-0340: Intro to OBI Financial Reporting)Authority and Access

Slide12

Learning Path for New Dashboard Users

FIN-0340: Intro to OBI Financial Reporting

Obtain Dashboard Access

Required trainingFIN-0160 Reviewing & Reconciling Expenditures

Business Process Focused Courses

FIN-XXXX Variance

Analysis

(summer 2016)

FIN-XXXX

Burn Rate

Analysis

(summer

2016)

FIN-XXXX Overview of CER Dashboard

Slide13

Post-implementation Q&A sessionsStarting April, schedule to be announced

Trained Specialists in the Financial Support Center

Friday

Open LabsEvery Friday, 9:00 – 12:00, Birch LabFingate online resources13Support Resources

Slide14

14

Fingate Support Resources

Slide15

Watch for OBI email communicationsRead OBI News online

15

Staying Informed

Slide16

2/4/2016

16


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