| Initiative Title | Using Banner to do Bank Reconciliations |
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| Submitted in Previous Year(s) | 2021 |
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| Critical Information, Notes, Justification, Rationale | Right now bank reconciliations are done manually. This causes Banner end users to not see if a check is cleared within the Banner ERP system, or automatically run reports needed to complete the NYS Abandoned Property Report, or easily find the physical cleared check that is needed for the auditors. |
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| Consequences of this initiative not being funded | Both end users and business office employees will continue to waste a lot of time on manual processes. |
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| Department Goals | To facilitate and increase transparency of Business Office Transactions. |
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| Programs | |
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| Locations | |
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| Estimated Completion Date | 08/31/2023 |
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| Will this initiative span multiple budget years? | Yes |
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| Importance | Low |
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| Funding Source | Request for Prioritization |
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| Created | 01/05/2022 8:51 pm |
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| Updated | 01/05/2022 9:53 pm |
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Institutional Goals
| Goal |
How will the initiative support this institutional goal? |
- STRATEGIC PLAN 2020-2025
- Sustain and Invigorate Our Planned Future: Reimagine Human, Financial and Physical Resources
- Goal #3: Maximize and more efficiently use technologies and physical resources to enhance the student experience
|
This will create efficiencies in employee day to day operations and maximize the utililzation of the Banner ERP System. |
Action Steps
| Action Step |
Responsible Party |
Order |
| Work with Ellucian to see how the process is to be using Banner. |
IT and Assistant Comptroller |
1 |
| Work with the Bank if the information provided needs to be submitted in a dfferent way to the college's Banner ERP system. |
IT and Assistant Comptroller |
2 |
| Configure Banner to utilize the automated Bank Reconciliaton |
IT and Assistant Comptroller |
3 |
| Testing and then Implementation |
IT and Assistant Comptroller |
4 |
Expected Outcomes
| Outcome |
Order |
| Utilzing Banner to do the Bank Reconciliation process. |
1 |
Assessment Methods
| Method |
Description |
Other Method |
Responsible Party |
| Observations |
Information can be collected while observing “events” (including, sponsored activities, student {office staff} sessions, etc.) in the natural setting. Observation can provide information on student behaviors and attitudes. |
|
Assistant Comptroller |
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 |
| Believe no cost is needed just employee time |
$0.00
|
- Information Technology, CIO Office
|
| TOTAL: |
$0.00 / $0.00 |
|
Prioritization
This is initiative is ready for prioritization.
Assessment
| Date | Department Name | Status | Cost to Date | Funding Source | |
| No results found. |