Wednesday, July 28, 2021

FST Updates


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"


Project Timeline

 Finance Strategic Transformation is nearing
the end of the configure and prototype phase.  We’re closing out a number of
activities and getting ready to move forward with the testing phase.  The key activity our team is focused on at
this moment is getting the next tenant of Workday Financials built and ready for
the end-to-end testing that will kick off in September. The end-to-end
tenant, as we’re calling this latest build of Workday Financials, will incorporate
changes based on insights gained from the second round of Customer Confirmation
sessions and other work in the configuration tenant.  End to end testing kicks off on September 1
and will continue through January 14 of 2022. 

Read more about the testing phase.

Meet Sunil Sah, the FST Testing Lead.

FDM Updates



Other things keeping the
FST team busy these days include pursuing other great transformation activities
including getting underway with FDM mapping activities.  Mapping leads from each school and unit will
have a kickoff workshop next week to get that process underway.



As we work toward the go-live of July 1, 2022, we’ll have a time of frost and freeze.  Frost is when the velocity of change slows
down and people commit to their FDM values. 
Changes aren’t impossible at this point, but they’ll be slowed down
significantly. Freeze is a timeframe that comes after frost, when there are no more FDM changes because
the data will be in the process of being loaded into the UVA tenant of Workday
Financials that we’ll use at go-live.

Read more about frost and freeze.



Other transformations in progress

Besides the Workday Financials and Adaptive Planning implementations, there are many other transformations taking place.  Check out installment number three of the continuous improvement/process improvement
projects taking place as a part of FST to and see all the cool things that are going on that will make doing
finance at UVA better.






 

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