The Commitment, Planning, and Support Systems (COMPASS) project team is excited about the continued progress of the project and units are busy developing their fiscal year 2014 budgets using these new tools.
Both Hyperion and the Data Warehouse are critical pieces of the overall COMPASS project to provide tools and resources which do not currently exist. Users are pleased to have one common system to enter and maintain budgets, along with the flexibility to view information at different levels of detail. Several reports are available on demand to provide more timely information for users to make better decisions. This is a joint effort of the UM System, Campus Budget Officers, and end users who have provided valuable feedback along the way.
Here are some other updates to keep you informed:
- Budget development training for Hyperion Financial (FIN) has been completed on each campus.
- The pilot group with individuals from each campus has received training for the Human Capital Planning (HCP) pilot and they are developing detailed budgets by person and position in production.
- Specifications for the new COMPASS Data Warehouse and Strategic Reports have been provided to the Data Warehouse team. These reports will combine key data from Hyperion, PeopleSoft HR, and PeopleSoft Financials and are aimed at answering high-level strategic questions. The goal is to have initial reports available by July 2013.
For more information about COMPASS and the Hyperion Planning System, please visit the COMPASS website.