Chart of Accounts Redesign Project

The central finance group is working to implement Hyperion Financial Management (HFM) to consolidate Oracle and Banner general ledger data for external reporting and high-level internal management reporting. The first step in this process would be to redesign the Chart of Accounts (COA) into which both legacy Rutgers and legacy UMDNJ financial data can be mapped. This new COA is being developed with the added intention of being utilized in the new ERP, once it has been implemented.

As you can imagine, this is a huge undertaking, which will impact the entire University and many of its systems. Your contribution in helping to shape the new COA is invaluable. Together, we can create a book of record that will encapsulate more of your reporting needs as well as streamline how financial information is maintained, thus eliminating shadow systems where possible. To learn more about the project, view our Powerpoint presentation.