What's New
Financial Systems Transformation (FST) is a multi-year initiative to replace the University’s legacy, mainframe-based Financial Accounting System (FAS) and related finance and operations systems such as ACCTS, PETS, and BuySite with Oracle Cloud ERP (Enterprise Resource Planning). Many systems and processes are impacted by the implementation of Oracle. For more details, refer to the tiles below!
Chart of Accounts & Project Cost Collection Segments
Familiarize yourself with the Chart of Accounts (COA), the system for organizing the University’s financial accounts in the general ledger, the complete bookkeeping record for the entire institution's financial transactions.
Financial Administration
Learn more about new business processes to improve financial management and reduce the need for manual processing of financial information.
Planning
The Planning Module consolidates functions into one system, providing greater efficiencies in forecasting, cost management, and reporting.
Procurement, Payables, & Expenses
The key, campus-facing business processes involved in procure-to-pay and expenses at the University of Chicago include purchasing, processing of one-time payments, GEMS card management, and expense management.
Project, University Research & Individual Awards and Discretionary Funds
Oracle’s Project Portfolio Management (PPM) module is used to manage activity related to capital projects, University research, clinical research, individual awards, and discretionary funds.
Reporting & Analytics
Oracle Cloud and Orbit Analytics are used for reporting needs, depending on roles and security provisioning.