Effective July 1, 2008, the legacy FRS (Financial Records System) system will be replaced by the new Banner Finance System. This implementation is part of the Unified Digital Campus (UDC) project that was announced last fall. The new UDC Finance System will streamline finance and administration business processes to improve efficiency and effectiveness in budget management and planning. Please bookmark this site and visit often for critical updates about Banner Finance, the training schedule and FAQs. A complete training schedule will be available in late May. If you have questions about the UDC project, contact us at udc@neu.edu.
Frequently Asked Questions
- How will the change to the Banner Finance System Effect FRS users?
- When will the FRS transition to the Banner Finance System?
- What are the next steps?
- I received an email with a survey. How will filling it out help the project?
How will the change to the Banner Finance System Effect FRS users?
The SungardHE Banner Finance System will replace the following FRS modules:
- General Ledger
- Project Accounting (Designated, Restricted, Plant Funds)
- Budget
- Post Award Research Accounting
- Accounts Payable
- Purchasing
- Reporting
When will the FRS transition to the Banner Finance System?
FRS will transition to the Banner Finance System on July 7th, 2008.
Those who perform the following activities on FRS will be impacted:
- Creating purchase requisitions
- Approval of requisitions
- Purchase order receiving
- Budget queries
- Budget transfers
- Viewing Finance reports via ePrint
- The Banner Finance Team is currently testing the individual modules and integration between those modules
- Training on the Banner Finance System will be offered during the month of June. We will send you additional information as it becomes available in May.
- Information regarding the FRS year-end closing and the Banner Finance Go Live key tasks and dates will be communicated to you in June.
I received an email with a survey. How will filling it out help the project?
If you have received an email requesting completion of a survey, please visit our survey Web site and complete it. Our brief online survey will help us determine training needs for Banner Finance.