What is COMPASS?
Commitment Planning And Support Systems (COMPASS) is a project that will deliver an integrated, system-wide budget and planning system—Hyperion Planning, implementation of Commitment Accounting - a PeopleSoft Human Resources module, Data Warehouse reporting across the Finance and Human Resources applications, and redesign of business processes to improve efficiency and effectiveness.
Because employee compensation is a major expenditure, COMPASS aims to expand the existing planning, budget, and analysis tools to manage these costs. Users will be able to budget by employee and/or position, by funding source, and to a more detailed level.
All employees who manage budgets for a University department, those who plan, manage, or account for employees, or those who use financial reports for a department will eventually use Hyperion in some capacity.