To: Faculty and staff
From: Dennis Huber, Vice-President, Administration & Finance
Date: June 22 2017
Subject: Reporting in the Unit4 Financial System
What is happening?
Unit4 was successfully implemented on May 1, 2017. The next, and very important, element of the project is the roll-out of the financial reporting module. Recently, Finance has received several inquiries about its availability.
When is this happening?
Monthly reporting, although a top priority for the project team, is dependent upon a series of steps that need to be completed as part of the reporting deployment exercise.
Finance must first finalize the fiscal year end and related audit, after which time the project team will undertake a data migration exercise to bring project-to-date, 2016/17 year-to-date, and asset/liability balances forward into Unit4.
These balances, commitments, and budgets are necessary to provide complete and accurate reporting to the University community. Once the balances are populated, testing will be completed to ensure that all of the relevant figures are being reported accurately and in accordance with the defined data control structure.
What does this mean to me?
Reporting on transactions and balances from May 1 is not yet available in Unit4. Balances up to April 30, 2017 remain accessible in FORE.
Updates regarding the availability of financial reporting will be provided on Finance’s Unit4 web page as the major milestones are completed.