According to Josh Breeden, a Business Process Analyst on FST’s functional workstream, the partnership between these two areas is already well underway.
“Recently, members of the FST Payroll Costing, Grants, and Budget teams met with the HCM technology workstream for a sort of HCM crash course,” he explained. “We went over key terminology and data elements to discern how that information flows from HCM into the various Finance functional areas in Workday.”
There are some follow-up sessions already planned, which include topics such as the use of FTE in HCM and how the “Academics” setup in HCM might assist in tying financial data with faculty tenure and appointment information. In addition to these topics, the teams will also review the Period Activity Pay and One Time Payment business processes with consideration for how new Costing Allocation processes may impact what’s currently in place.
Keep an eye on this space as well as the FST website for future updates on this part of the FST process!
There are some follow-up sessions already planned, which include topics such as the use of FTE in HCM and how the “Academics” setup in HCM might assist in tying financial data with faculty tenure and appointment information. In addition to these topics, the teams will also review the Period Activity Pay and One Time Payment business processes with consideration for how new Costing Allocation processes may impact what’s currently in place.
Keep an eye on this space as well as the FST website for future updates on this part of the FST process!
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