To deliver efficiencies, improve our financial outlook, and create a better work environment for staff, we must rebuild finance processes, policies, and technology at all University of Wisconsin System campuses. At present, our complex workflows and rigid systems make it difficult to meet the demands of the future.
ATP will move us forward by streamlining finance operations and creating an administration that adapts and grows as we do. Our goal is to redesign essential finance processes so we can access more accurate data for decision-making, expand our reporting capabilities, and increase the security of our financial information.
To make this possible, the UW System has selected Workday, a cloud-based enterprise resource planning (ERP) system, to replace the PeopleSoft-supported Shared Financial System (SFS). Workday’s integrated platform will unite all finance functions in a single system and allow us to share information easily between different administrative units and areas, including research administration and human resources.
ATP is a people-first project. Our Finance Strategy Team has spoken with hundreds of staff members from all 13 UW System universities and gathered valuable information about current systems and future needs. We will continue to involve staff as we work on processes, policies, and system design.