UCF Research Foundation Financials Project ImplementationJuly 6, 2015
The UCF Research Foundation (UCFRF) and Finance and Accounting (F&A) are pleased to announce the successful launch of the UCFRF Financials Project, on July 6, 2015. A nimble team of professionals from both UCFRF and F&A’s Financials Support Services collaborated to complete project planning, fit-gap analysis, user acceptance testing, and initial training all within the established project timeline. Completing the implementation in-house using the Oracle PeopleSoft Financials and Supply Chain modules already licensed by the university resulted in significant cost savings to the university from software licensing and consulting fees normally associated with such a project.
Today’s culmination of the six-month project is expected to offer UCFRF increased capabilities for managing contracts and grants, projects, producing automated billing, accurately tracking and reporting of accounts receivable, and enhanced financial reporting by leveraging the strengths of the various PeopleSoft Financial modules.
Normal processing of accounts and modifications to existing accounts will begin to be processed today, as will D-1 Forms (Expenditure Reimbursement Requests) which had been held during the project conversion period. PCard transactions can now begin using the UCF PCard.
If you have questions about the conversion or about the Research Foundation’s new accounting system, please contact Kim Smith at 407-823-3062 or Kim@ucf.edu.