Kd7 Kfs Overview
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Kd7 Kfs Overview

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    Kd7 Kfs Overview Kd7 Kfs Overview Presentation Transcript

    • Kuali Days VII Pre-Conference KFS Basics Overview David Lyons, NACUBO
    • Agenda
      • Introduction to Kuali
      • Kuali Financial System Project
      • KFS Advantages
      • Today’s Focus
        • Chart of Accounts
        • Transaction Processing
        • General Ledger
      • Q & A
    • Introduction to Kuali
      • Community source initiative
      • Develop a comprehensive administrative suite to serve the needs of all Carnegie Class colleges and universities.
    • Introduction to Kuali (cont.) Kuali Community
    • Introduction to Kuali (cont.)
    • What is Kuali? (cont.)
      • Kuali Foundation
      • Non-profit organization with responsibility for:
        • Sustaining the initiative
        • Providing on-going governance
        • Coordinating partner efforts
        • Managing and protecting intellectual property
        • Conference planning
        • Educating and assisting members of the Kuali Partners program
      • 29 members including commercial affiliates across all projects
    • KFS Project KFS Partners
    • KFS Project (cont.)
      • Project Scale
      • $10m total project cost
      • 100+ person-year effort
      • $4.4m Founding Partners’ original commitments
        • Cash or tendered personnel resources
      • $2.5m 2005 Andrew W. Mellon Foundation grant
      • $3.1m New Partners’ commitments & Founding Partners’ additional contributions
    • KFS Project (cont.)
      • Based on IU’s FIS -Financial Information System
      • 13 years of operations
      • 7 campuses of various sizes
      • $2.4 billion annual expenditures
      • Flexible chart of accounts
      • Need to port to new technology environment
    • KFS Project (cont.)
      • The Kuali Financial System
      • is an electronic system
      • of related financial
      • components that allow
      • you to initiate, approve,
      • and retrieve financial
      • information about your
      • institution.
        • Chart of Accounts
        • General Ledger
        • Financial Transactions
        • Purchasing/Accounts Payable
        • Contracts & Grants
        • Labor Distribution
        • Effort Certification
        • Budget Construction
        • Accounts Receivable
        • Capital Assets
        • Balance Inquiries
        • Online Help
    • KFS Project (cont.) Release 1 – October 2006 Chart of Accounts General Ledger Financial Transactions On-line balance inquiries Kuali Enterprise Workflow (KEW) Release 2 – November 2007 Labor Distribution Contracts & Grants Purchasing/Accounts Payable Release 3 – March 2009 Budget Construction Accounts Receivable Capital Asset Management System (CAMS) Effort Reporting (Labor Distribution) Purchasing/Accounts Payable (cont.) Functional Modules
    • KFS Advantages
      • Workflow
      • Edits/Business Rules - e-Docs
      • Import/Export Capabilities
      • Document Attachments
      • Sub-Accounts/Sub-Object Codes
    • KFS Advantages (cont.)
      • Transaction Audit Trail
      • Automated Entries at Each Update
      • Real Time Access to Pending Entries
      • 24/7 Access to Balances
    • Today’s Focus
      • Chart of Accounts
      • Transaction Processing & Workflow
      • General Ledger
      • Q & A