The intent of the Finance Project Partnership Agreement (FPPA) is to:
- Foster communication with departments considering new processes or systems which impact
Finance operations, data, or processes
- Assist with information to complete the IT Research and Project Approval forms
- Establish requirements for project approval, testing and output
- Establish prerequisites for new system or process deployments and close out
- Recognize the ongoing relationship between systems and operations
Please read and sign below to acknowledge your acknowledgement of this information. Questions regarding content can be directed to firstname.lastname@example.org
Centrally controlled Finance processes and procedures
3rd party systems can offer a variety of business related tools. As you review your departmental needs and new system or function processes; keep in mind that Finance will control any process which impacts Financial reporting.
The University follows all Department of Accounts (DOA) guidelines on the receiving and deposit of revenue, vendor invoicing, student or non-student billing, check issuance and refunds. For state adherence to policy and audit, these processes will remain centrally controlled.
As Banner finance is the system of record, all 3rd party systems exchanging or supporting Banner or supported by ecommerce must adhere to all system scheduled downtime, integration and patch testing requirements. You will find it necessary to coordinate department or event activities with this central control in mind.
Corporate and Foundation Relations is separate and apart from university system operations. Contact Foundation Giving for information.
Unsure if Finance is a part of your project?
Finance will be involved in your project when:
- Your data will require or contribute to any of the centrally controlled processes outputs mentioned above
- Your project will send or receive data from Banner finance tables
- You expect to see output in budget transaction reports
- You require finance owned data such as FOAPAL, building codes, fixed assets and the like.
- Your process includes cash handling, ecommerce, credit cards, retail store sales, deposits, or other revenue generating events
- Proposed software has potential for collection of money
Information to include on the IT Project Research form
When completing the Other Dept Involvement and System Interfaces section:
Sharing finance specific project information will assist our understanding of temporary and ongoing processes your project will require. Be as specific as possible to ensure we can obligate appropriate time and resources.
Finance will require all testing in Banner’s test environment, ask if your product has this same option. If your product requires Banner data, ask your consultant how the data will be loaded into your test environment – File upload, API, interface, Banner table validation or manual entry? Data from a 3rd party vendor is never loaded into the Banner production environment until testing is complete and data is verified for accuracy.
When completing the Deadlines section:
Include anticipated training dates and time commitment for finance. Inquire if training includes an onsite consultant, phone meetings or group training.
Remember to include Finance in onsite consult product demonstrations and webinars. It is difficult for all parties to gauge Finance involvement without discussion or visualization of your new software processes.
Requirement for Finance data will require Finance approval (even for testing) plus coordination with IT and JAR ticket entry. Plan time to work with Finance for your specific needs.
If your process includes data sharing with ecommerce, your timeline will need to consider the project calendar of our ecommerce vendor. Finance can assist with this coordination.
Please note that your request will require review with Active and On Horizon projects prior to obligation. You are welcome to view our Master Project Table for a glance at current activity.
Project Approval, Testing and Prerequisites
Approval to participate in your project will the decision of the Assistant Vice President for Finance or her Designee. Finance will test Finance related tasks and reports alongside your training team and will provide feedback regarding requirement such as new procedures, reconciliation (usually daily), and verification of data accuracy. Testing output and prerequisites for deployment will include:
- Written operational procedures including primary and secondary system users (procedures require Finance approval)
- Verification of data consistency across multiple sources
- Successful reconciliation process and paperwork as required by Accounting
- Verification of posting and various reports
- Completion of any finance related training
Project Deployment and Close Out
Finance approval is required before you can deploy your system or process to the production environment. Thereafter, the department assumes the ongoing responsibility for:
- Consistent and accurate data, internal system training, and system updates
- Coordinating data or system training needs with finance, when required. Requirements are typically due to system upgrades, patches, or new functionalities.
- Successful compliance reconciliations and audits as required by Compliance Officer, DOA, or Auditor of Public Accounts
- Coordination of department operations with centrally controlled finance process and procedures
- Unsuccessful audit or compliance reviews may result in loss of system integration
Ecommerce sites will require completion of a Commerce Manager Partnership Agreement (CMPA)