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Schools and units are now several weeks into
Foundation Data Model, or FDM, work.
They’re mapping the old chart of accounts, the PTAO, to the new FDM
that we’ll use for Workday Financials. There’s
an expansive resource site for the FDM work in the online community that you can access here: https://communityhub.virginia.edu/docs/DOC-2982
Adaptive Planning
The Adaptive Planning Team is continuing to shape Adaptive,
Workday’s planning and budgeting software, to be ready to integrate with
Workday financials in July of 2022. UVA has been using Adaptive since the summer the pandemic began, in order to take advantage of its enhanced planning functionality in that really
unpredictable time. Since then, users
have been working with the Adaptive Team to make improvements to the software
to make it more useful to UVA. Read more on the blog.
Moving from Configuration & Prototype to End-to-End Testing
At the end of August, we officially say goodbye to the Configuration and Prototype phase of
FST. As of September 1, we’ll be in a brave new phase: end-to-end testing, where the FST Team tests business
processes from start to finish.
Read more about testing on the blog
What did we achieve in Config & Prototype?
Training Update
The Training Team is working hard to deliver the training
that will allow you and your team to be successful doing your jobs in Workday
Financials upon go live. The decision
on timing of training is based on training best practices and the years and
years of experience the training team has, plus comparisons to what other
higher ed institutions found successful.
It boils down to this: Training
sticks with learners best when they don’t have time to forget what they’ve
learned before they can actually get into the system. We want
our stakeholders to learn on a system that appears and functions as it will at
go-live. Read more from Patty Marbury on the blog.
Recon@ update
The team is working with
stakeholders to find a way to build real-time approvals on the front end,
within Workday Financials, but we’ll probably still need post-transactional
attestation provided by an outside tool.
Check out the detail on the blog.
Continuous Improvement: UFM 2.0
With many financial changes underway and new university leadership at the helm, the University Financial Model is under
review to make sure it supports 2030 strategic plan goals. A committee is doing a strategic review of the
model, to make sure it serves the needs of the organization, and also assessing
how the current model is serving the needs of schools and units across UVA –
focusing on the model’s users. Learn more on the blog.
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