Financial Services

YEAR END DOCUMENTATION

March 31, 2012 Year End Guidelines
2011-12 Year End Schedule

2011 was a big year for Financial Services. 
2012 will prove to be even bigger!

In June 2011 we upgraded our Aurora Finance financial management system to include the new FAST Tool.  FAST now houses two new applications, FAST Accounts Receivable and FAST Budget Transfers.  These new applications, along with the upgraded Financial Reporting application, provide new advanced features and improved reporting for Aurora Finance users.  Visit our online video to see the changes brought about by the upgrade.

Fall 2011 will bring the University a brand new integrated travel tool for all University employees.  Anyone who travels or claims reimbursement for business expenses will soon be using Concur, our new travel tool.  Visit our ROSE Travel and Expense Initiative webpage to learn more about how you can benefit.

In 2012 Financial Services will benefit from changes to how U of M makes its purchases.

• In 2011 the University saw significant changes to Purchasing Services and how it operates.  As a result of these and upcoming changes, benefits will become highly apparent to University employees as the purchasing process becomes more streamlined and as significant savings are seen in their University FOPs.
  
• We will be implementing a new eProcurement system, Ariba.  The Ariba online application will allow us to purchase almost everything online and save units both time and money.

To learn more about these and our other initatives, please visit the ROSE Finance Initiatives website.

T2202A's (Tuition & Education Tax Credit) - Registrar's Office 

T4's & T4A's (Fellowship, Research Grants, etc.) - Payroll  

T4A's (Scholarships, Bursaries) - Treasury Services