By Renee Riley, Technical Writer, University of Missouri
The Commitment, Planning and Support Systems (COMPASS) project is steadily moving forward and recently reached an important milestone. During the first week of July, the first component of the Hyperion Planning System, Financial (FIN), was implemented and training on using this new system will soon begin on each of the campuses.
The implementation of FIN is an important first step in achieving the COMPASS objective of employing an integrated system-wide planning, budgeting, and reporting management system.
What does this mean for the University and for you? Hyperion Planning System will provide:
- Common and efficient budget processes,
- Greater user flexibility,
- More consistent budget data, and
- Timelier decision-making.
The FIN phase specifically offers PeopleSoft budget maintenance changes and budget variance reporting.
COMPASS provides for the future success of employees, resources, and processes through collaboration and innovative technology. And as part of COMPASS, the Hyperion Planning System will work with other systems such as PeopleSoft Financials, Data Warehouse, and PeopleSoft Human Resources to provide an innovative, consistent platform for planning, budgeting, and reporting.
For more information about COMPASS and the Hyperion Planning System, please visit the COMPASS website