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Press Release: Kuali Foundation [November 2, 2011]

The University of Arizona - Live with Kuali Financial System

Tucson) - The Kuali Foundation is pleased to report that the University of Arizona went live with the Kuali Financial System (KFS) version 3.0 on their campus. The UA implementation delivered a comprehensive campus-wide set of modules including General Ledger, Accounts Payable, Purchasing, Capital Assets, Labor Ledger and Accounts Receivable.

Arizona has been a member of the Kuali Foundation since 2005 and a partner with the KFS and KC project. Kuali is a primary example of how institutions can contain costs in higher education through innovation and collaboration by using open source software solutions. UA joins other universities who have already implemented KFS, including Colorado State University, San Joaquin Delta Community College, Michigan State University and Cornell University.

The implementation of the Kuali systems for financial management and research administration are part of a large enterprise systems overhaul for Arizona referred to as The Mosaic Project. The Mosaic Project team, led by Hank Childers, with the implementation of the Kuali Financial System, has completed upgrading all legacy systems on campus. Implementation of KFS was the last major deliverable of the Mosaic Project.

Charles Ingram, Associate Vice President Financial Services, explains, "KFS has replaced the University's 30 year old legacy financial system. With Kuali, we now have the ability to meet campus's requests of providing electronic workflow, stronger internal controls, the ability to manage financial data, and broader access to data for custom reports. Both my staff and I are excited that the day has finally come, as it opens the door for improvements and efficiencies. The Kuali Community's assistance responding to audit requests, contributing code, answering functional questions and helping with performance showed that the original vision of community does indeed work. We at Arizona are very proud to be a part of the Kuali family."

Michele Norin, Chief Information Officer, shares the impact that the implementation has had on users. "Users are pleased with the new KFS system because we now have a tool with far more capability and flexibility than we ever had before. We are able to access more details about our financial data and the departmental financial folks have a much greater level of overall access to their data. And it feels good to have contributed to the creation of our new product where we're now able to reap the benefits of our joint work as a community."

"I am so excited to finally go live with KFS, as so many people have worked hard to get to this point," says Joseph M Moreland, Financial Services Specialist.

Highlights of the Kuali Financial System

KFS was developed specifically for higher education by a community of higher education partners, and provides the following features:

  • Fully integrated, advanced system combining transactional recording, accounting, budgeting, on-line purchasing, and credit card processing
  • Integrated modern workflow for on-line routing and approval of electronic documents, thereby increasing operational efficiency and accountability
  • Extendable, with the flexibility to add electronic documents in other areas (e.g. work orders, travel docs)
  • The ability to attach supporting documents to transactions, which allows the system to store such copies electronically instead of in multiple, distributed file cabinets
  • Service Oriented Architecture, providing the ability to integrate easily and transparently across other applications (e.g. research, human resources)
  • Fully designed chart of accountants that facilitates not only the daily processing of transactions, but provides the data and data structures for sophisticated reporting to enhance financial management.

About the University of Arizona

Founded in 1885, the University has 29,000 undergraduate and 6,962 graduates. There are 1,376 professional and medical students. In 2010, Arizona had research and grants totaling more than $600 million and ranked #16 among all public universities by the National Science Foundation.

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.


Summary: The Kuali Foundation is pleased to report that the University of Arizona went live with the Kuali Financial System (KFS) version 3.0 on their campus. The UA implementation delivered a comprehensive campus-wide set of modules including General Ledger, Accounts Payable, Purchasing, Capital Assets, Labor Ledger and Accounts Receivable.
Publication Year:2011
Type of Material:Press Release
LanguageEnglish
Date Issued:November 2, 2011
Publisher:Kuali Foundation
Company:
Company: Kuali Foundation
Products: Kuali Financial System
Libraries: University of Arizona
Permalink: https://librarytechnology.org/pr/16264/the-university-of-arizona-live-with-kuali-financial-system

LTG Bibliography Record number: 16264. Created: 2011-11-05 06:34:03; Last Modified: 2022-07-03 16:59:22.