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Finance Transformation

Finance Transformation


Welcome to the Finance Transformation site, an exciting new development in the Finance department which aims to improve the efficiency of Finance and Procurement. With the closing of the previous programme, Durham DOES, at the end of July this year, it was recognised that a new financial system needed to be put into place, and the focus should be on the development of core IT systems alongside better management information, specifically in areas:

  1. Finance and Procurement
  2. Workplace Challenge (non-staff costs)
  3. CIS

The transformation's main goal is to manage University finances on a sustainable basis. It also aims to implement the new Oracle Fusion system, which is a more up-to-date program used by Finance and HR which not only shares data and information efficiently, but also manages transactions and improves decision making. The transformation will also update the reporting tools to improve the quality, timeliness and availability of finance and other information.

Workstream

Description

Workstream Lead

Workstream 1

Management Accounting, Reporting, Processes and Systems

Angela Williams

Workstream 2

Review of Payment and Travel Cards

Rebecca Morris

Workstream 3

Simplify the General Ledger

Angela Williams

Workstream 4

Financial Management of Capital Projects and Asset Register

Sarah Judson

Workstream 5

Review of Procurement Contract Savings

Rebecca Morris

Workstream 6

Organisation Alignment to New Oracle Fusion System

Sarah Judson

Workstream 7

Payroll System

Sharon Defty

Finance Transformation Information Session

Finance Transformation Information Session

Views: 107

Introduction to the Finance Transformation work at Durham University. Session May 2018.

In order to successfully carry out the Finance Transformation Project, the work has been subdivided into seven 'workstreams'. If you'd like to find out more about any of the workstreams, or are interested in getting involved, please contact the workstream lead, or email finance.transformation@durham.ac.uk.

Contact Details

Durham University,
Durham,
DH1 3LE,
Telephone: +44 (0)191 334 2000