Reporting & Analytics Release Notes April 10

 Finance Reporting & Analytics Release notes for April 10 have been posted to the UVAFinance website.  This update includes significant new reports and modifications that have been released since March 9th as well as known issues that we are investigating or working on currently. 

This was a BIG month with lots of new reports and updates to pre-existing reports.

 Some highlights of note:

Fund Balance by Major Business Unit: A new report in Workday that gives a managerial summary of current and projected fund balances for the Academic division.  Worktag prompts can be used to highlight specific funds, gifts, grants, or designated worktags.  Balances can be drilled into for further analysis.

 Worker Costing Allocation Information: 

• This Workday Payroll Report now pulls Position Restriction (labor suspense) costing allocations in for greater visibility into allocations that exist for a single Worker.
• Positions without costing allocations can now be pulled in this report, eliminating the need to remember the name of multiple reports.
• Outdated/unnecessary costing allocation reports have now been hidden so there will be fewer reports returned in search results, providing users with more confidence that they have selected the right report.

Workday NACUBO Function Analysis: New in UBI!

• Comparison of Function Worktag usage between FY23 in Workday and FY22 in Oracle for reviewing correct and accurate use of the Function worktag. Significant variances between years should be analyzed to determine if the current year usage is correct.
• Guideline on use of the function worktag can be found here: 
• Function Worktag Overview – Schools and Academic Departments | UVA Finance (virginia.edu)
• Function Definitions | UVA Finance (virginia.edu)
• Workday NACUBO Function Analysis Module (QRG) | UVA Finance (virginia.edu)

Workday Research Admin Dashboard (RAD)

• Added a new Home Page and navigation buttons for an improved user experience
• Improved the layout/UI of the Grant Summary page
• New views of Project to Date, FYTD, and Future Spending by Fiscal Period as well as Burn Rates and Spending Forecasts
• Added Grant Invoice History
• Organization page with contact information and hierarchies for key personnel
• Definitions sheet to clarify the metrics used in RAD
• Direct Access is now available for PIs – QRGs and formal launch materials under development

The full April 10 release notes are posted on the website here.