Week of 5/8 Workday Finance Stabilization update
Submitted by elised2 on Thu, 05/09/2024 - 09:39Additional Guidance on Protecting Research Participant Data in Workday:
Additional Guidance on Protecting Research Participant Data in Workday:
Grant & Contract Accounting (GCA) is happy to announce that Search by eGC1 is now available in Award Portal! Campus users have long used eGC1 (SAGE Application Number) to search for grants but, since Workday go-live, have been unable to do so. The new search function is now even easier as it auto-populates the mandatory letter and formats the data entered so users are more likely to get the results they’re looking for.
The Reporting & Analytics team (R&A) and Finance DATAGroup have released the new UW Finance Cube. This advancement connects users to Workday data, offering greater flexibility than traditional reports. The cube provides a comprehensive view of UW Finances for Fiscal Year 2024, including revenue, expenses, and beginning balances. Users can analyze transactions at various levels using dimensions like Ledger Account, Cost Center, Fund, Function, and more.
Through Procurement Services’ oversight in managing the Workday Location Customer Account Number (“LCAN”), a crucial data element determining delivery locations for the University, the efficiency of transmitting purchase orders from Workday to our suppliers has vastly improved. From a peak of 1,083 order failures on August 2, 2023, we have seen a remarkable reduction, with just 23 failures reported as of March 9 of this year. This marks an impressive 98% decrease in the rate of purchase order failures.
Significant progress has been made in stabilizing Workday within procurement. Since go-live the University of Washington – inclusive of the medical centers -- has paid over $1.9 billion in goods and services. Our backlog is down to 2% and we have successfully paid 98% of our invoices due. We continue to focus efforts on system stability and improving user satisfaction.