Workday Financials @ Stevens
Overview
Stevens is expanding our Workday ecosystem to include Workday Financials. This addition will streamline financial processes and improve efficiency by connecting financial transactions directly to the same environment where Human Capital Management (HCM) and Student transactions occur.
Implementation Partner: Avaap USA, LLC
Vision Statement
Workday Financials is the next step in the Workday @ Stevens journey toward an integrated platform that provides a seamless, intuitive user experience for faculty, staff, and students. Self-service access to Workday Financials and the high-quality, real-time data it provides will promote closer collaboration among the academic and administrative areas of the institution. This addition to Stevens Workday ecosystem will support well-informed decisions that align with the Stevens 2032 Strategic Plan, namely the core values of “Collaboration and Innovation,” the strategic priorities of “Impact Through Research and Innovation” and “Connected Community,” as well as the strategic goal outlined under “Infrastructure and Sustainability”.
Project Timeline
Project Modules
Module | Function |
|---|---|
Financial Accounting | Foundation for all Workday Financial Management solutions |
Budgets | Houses budget data |
Assets | Accounts for all physical university assets and records GAAP depreciation |
Banking, Settlement, and Cash Management | Interfaces with banks to record receipts and payments |
Procurement | Provides purchasing requisitions and workflows |
Supplier Accounts | Handles all supplier payments (Accounts Payable) |
Grants Management | Provides a platform to manage components of an award, including: Award billing, Award contracts, Award proposals, Effort certification, indirect costs, Revenue recognition, Sponsor information |
Projects | Plan and track your work, integrated with Workday HCM and Financial Management |
Endowment Management | Processes endowment gifts, captures investment activities, and records income distributions |
Customer Accounts and Contracts | Provides a central invoicing system to enable timely revenue recognition of non-student billings |
Project Team
Executive Sponsors
Lou Mayer, Chief Financial Officer, Vice President for Finance and Treasurer | Division of Finance
Tej Patel, Vice President for Information Technology and Chief Information Officer | Division of Information Technology
Project Managers & Functional Leads
Project Role | Team Member |
|---|---|
Project Manager (Finance) & FDM/Accounting Lead | Jamie Houghtaling |
Project Manager (IT) | Steve Flanagan |
Financial Systems Lead | Marcin Ceglinski |
Customer Account Lead | Ivy McGee |
Assets Lead, Projects Lead | Roger Moussallem |
Banking Lead | Melissa Gholston |
Grants (OSA) Lead | John Blandino |
Grants (OSP) Lead | Vanessa Blau |
Endowment Lead | Renata Siebor |
Procurement Lead | Diana Roman |
Supplier Accounts Lead | Abiola Ijalana |
Budget Lead | Irene Denisov |
Student Lead | Chee Chong |
HCM Lead | Jose Abad |
Payroll Lead | John Bizosio |
Project Champions
Coming in Fall 2024!
Frequently Asked Questions
Training & Support
Coming in 2024!
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