Workday Finance Training
Over 1000 folks have attended a Workday Finance training at this point. Keep in mind that courses were designed for roles that have high-impact
transactions in Workday, so not all security roles have required training. If you go to the Workday Financials Training page on the website, you’ll see an overview of
which roles have required training, which don’t, and what resources are
available for all. See also this quick reference guide on how to sign up for training in Workday Learning.
Read the full training update on the blog here.
Cutover from Oracle to Workday
"Cutover" refers to a span of five
days from June 29 over the Independence Day weekend where the FST Team executes the
process of switching over from Oracle to Workday Financials. Now is the
time for everyone in schools and units to review the business processes that
will be affected by the cutover period. It’s important
that you consider what deadlines related to common business practices in Oracle
will affect you and your team, and that you think about what your area needs to
do to be ready and have what you need by the time the cutover is in full
swing. See the Cutover Resources page for all the deadlines.
Read about early Payroll deadlines - Review Cutover impacts on Sponsored Accounts - Read the full Cutover update
Fund Balances after Workday Finance Launch
The transition from Oracle to Workday means we’re going from a
two-ledger system to a flat ledger system, and while that is great in the long
run, it does mean that there’s a significant adjustment required. Right now,
the FST team is working on converting the funds from Oracle to Workday at a
high level. After go-live, that high-level group of funds will need some intensive review by fiscal
professionals in the schools and units to settle where those funds need to be
specifically, using the new Foundation Model, which replaces the old Oracle
PTAO. It may take a
couple of months post go-live for fund balances to get sorted out. We know that work and spending go on,
though – so know that Faculty and others will still be able to assess their fund
balances, via UBI’s record of historical balances and an understanding of
current spending.
Read the full Fund Balance Update here.
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