Thursday, May 13, 2021

Five Things to Know about FST: May 13, 2021





 1.  We are **so close** to a finalized FDM!  Schools and units are working out their cost center structures for the Workday Financials chart of accounts (the Foundation Data Model, or FDM).  Here are 7 things to consider as you develop your cost centers.  

2. Reporting & Analytics is working on 360 operational reports that will be needed on day one when Workday Financials goes live, and they're tackling them all!  Read more about their strategy here

3.  There's a timeline in place for the delivery of Workday Financials Training. While delivery of training is set for around 60 days out from go-live, there are lots of steps taking place between now and then (and after, too!).  Read more on the blog.

4. RECON@'s place in the future state is still being worked out -- we're trying to move toward real-time approvals on the front end, but we know we need a solution for RECON@'s use as a reporting tool and a month-end check.  Read more about this and a few other FAQ's.

5.  The second build of UVA's tenant of Workday Financials is ready for Customer Confirmation Sessions Round 2 this June.  Read more about what's involved with a tenant build, and remember:  go-live is July of 2022!

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