Improve financial, budget, and analytical reporting capabilities. :: PIP System (SUNY Orange)

Improve financial, budget, and analytical reporting capabilities. Print All

Initiative Title	Improve financial, budget, and analytical reporting capabilities.
Submitted in Previous Year(s)	No
Critical Information, Notes, Justification, Rationale	Our current financial reporting capabilities are inadequate, making it difficult for management to make data-informed, timely, and accurate decisions.
Consequences of this initiative not being funded
Department Goals	Enhance data-informed decision making.
Programs
Locations
Estimated Completion Date
Will this initiative span multiple budget years?	No
Importance	High
Funding Source
Created	12/31/2016 1:04 pm
Updated	12/31/2016 2:17 pm

Institutional Goals

Goal	How will the initiative support this institutional goal?
STRATEGIC PLAN 2015-2020 PRIORITY IV: Efficient and Effective Operations: We will anticipate and adapt to changing economic realities while maintaining the infrastructure and resources necessary to foster innovation and develop & deliver high quality programs and services. b: Develop, cultivate, and support innovation throughout the organization for continuous improvement.

Action Steps

Action Step	Responsible Party	Order
Train staff members in Institututional Research, Business Office, HR/Payroll, and VPAF areas to become expert COGNOS report writers.		1
Create useful, meaningful financial/budget reports that can be run at any time, for various time periods, with requested parameters.	AF staff	2
Create complete financial statements and notes and provide to auditors for their review and audit.	Business Office staff	3
Implement HR Banner.	HR/Payroll and IT staff	4
Automate Purchase Requisition process.	Business Office	5
Implement document imaging.	HR/Payroll & other AF staff	6

Expected Outcomes

Outcome	Order

Assessment Methods

Method	Description	Other Method	Responsible Party

Resources

INITIAL YEAR COST:	$0.00
RECURRING COST:	$0.00

Equipment

Need	Cost (Initial/Recurring)	Supporting Departments
TOTAL:	$0.00 / $0.00

Facility

Need	Cost (Initial/Recurring)	Supporting Departments
TOTAL:	$0.00 / $0.00

Supply

Need	Cost (Initial/Recurring)	Supporting Departments
TOTAL:	$0.00 / $0.00

Staffing

Need	Cost (Initial/Recurring)	Supporting Departments
TOTAL:	$0.00 / $0.00

Training

Need	Cost (Initial/Recurring)	Supporting Departments
TOTAL:	$0.00 / $0.00

Marketing

Need	Cost (Initial/Recurring)	Supporting Departments
TOTAL:	$0.00 / $0.00

Other

Need	Cost (Initial/Recurring)	Supporting Departments
TOTAL:	$0.00 / $0.00

Prioritization

This initiative is not ready for prioritization.

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Assessment

Date	Department Name	Status	Cost to Date	Funding Source
No results found.