July 5,2011- Ithaca, New York: Cheers and confetti helped celebrate Cornell's launch of the Kuali Financial System (KFS) in a ceremony July 1 in the East Hill Office Building. Leslie Planck, an account representative from the College of Veterinary Medicine Accounting Service Center, submitted the first e-doc (electronic document) of fiscal year 2012 before the system was released campus wide.
Cornell reached this point after two successful dress rehearsals that included full integration testing, data conversion and data validation. The KFS Modules released included General Ledger, Chart of Accounts, Financial Processing, Labor and Distribution, Contract and Grants, and Purchasing/Accounts Payable. Cornell University joins 8 other Kuali Member Schools who are now live with KFS. Cornell is live with KFS version 4.0.
Project details are at http://www.dfa.cornell.edu/kfs/
Over 5 years of planning and work have gone into this launch. There is still a great deal of work to be done, but this is a very proud moment for Cornell University. Special congratulations to Kim Yeoh, Implementation Project Director, and Andy Slusar, Implementation Manager, Cornell University.
"We did it! We have the best financial system ever. I want to thank every person here for your blood, sweat and tears," said Joanne DeStefano, vice president for finance and chief financial officer, who opened the ceremony. "The fruits of our labor are just beginning, and we are really going to see the potential of this system over the next 20 years."
For more information on Cornell's Implementation, please go to http://www.news.cornell.edu/stories/July11/KualiLaunch.html
About Cornell
Cornell is located in Ithaca, New York. There are 13,510 undergraduates, over 600 graduate students and 1000 medical students. Cornell has 14 colleges and schools, a staff of 11,000 and a faculty of approximately 2900. The research expenditures in 2008-09 totaled $668 M. Cornell ranks in the top 10 among U.S. News and World Report rankings of undergraduate engineering science/engineering physics programs and biological/agricultural engineering programs and among the top U.S. institutions of higher learning in National Science Foundation funding.
About Kuali
The Kuali Foundation is a non-profit organization that coordinates the efforts of colleges and universities to sustain and evolve administrative software that meets the needs of all sizes of higher education institutions, from small colleges to large research universities. The Kuali Foundation began in 2004 as a cooperative effort among partners and a grant from the Andrew W. Mellon Foundation to develop an open-source, community-owned financial system. Success with joint development of Kuali Financial System has led to additional pooled investment projects, including Kuali Coeus for Research Administration, Kuali Student, Kuali Rice, Kuali Open Library Environment, Kuali People Management for the Enterprise, Kuali Mobility, and Kuali Ready, with coordination by the independent, not-for-profit Kuali Foundation Inc. The software developed by Kuali projects is available, without fee, for anyone to use or modify under the Educational Community License. Kuali Contact: Jennifer Foutty, jfoutty@kuali.org, 812-345-3948
