Thursday, March 25, 2021

FST Update

 


Want to listen to this update instead of reading it? Click here to tune into the WFST Broadcast!
No time to read paragraphs?  Check out "Five Things to Know about WFST"


Workday Financials Training:  We’re about a year out from actual training.  This time next year, the training team will
begin to deliver training all across grounds in a variety of modalities.  Right now, we’re getting close to delivering
the training plan for the project, so you’ll soon start to hear
more details about what we have in mind. The training team has been working hard within the
project for quite a long time, getting ready to deliver training that will
help our users feel confident about getting the most from Workday Financials
right out of the gate.



Did you know?  The FST Team is made up of 80 folks from UVA . . . and when you add our Governance groups, the number burgeons to 700+ !  See how it all shakes out on the blog.



Reporting & Analytics:   How much do you know about the Data Warehouse?  It's going to be important that we're on the same page as we move toward go-live.  Read more here.



Adaptive Planning: The Adaptive team is continuing with its work on budget process
redesign.  They’re working with a larger group across Grounds to dig more deeply
into Adaptive functionality, identifying how the new chart of accounts will
apply to future state business processes, thinking about UFM adjustments, and
more.   



FDM (New Chart of Accounts):  There are three
simultaneous efforts occurring with the development of the FDM.  First, they're
mapping the top ten financial scenarios and processing them in the current
Workday financials tenant.  Second,
they’re converting GL balances to the FDM structure, and third, they're closing
outstanding operational decisions.  See more details in the latest Governance slides (Online Community)Also, see our update on the blog about Preparing for Mapping.



Future State Service Model:  FST isn't just a technology implementation!  It's also about improving our processes and making it easier to do finance all across UVA.  The Finance Engagement Team is using Salesforce to make the customer experience better in Finance.  Check out this video from Andrew Sallans in which he explains how this works. 



Share:

No comments

Post a Comment

© UVAFinance | All rights reserved.
Blog Layout Created by pipdig