Financials Transformation Resources

Access a variety of content and media to learn more about the Financials Transformation to Workday.

 

Biteables

Short, easily consumable video clips that explain Workday concepts.

General Overview

The Foundation Data Model (FDM)

Who Moved My Project ID?

What are Worktags?

Expense Reports in Workday

Spend Authorizations in Workday

Workday Overview

Using the Gift Worktag

Grants Management Terminology

Grants Management in Workday

Driver Worktag Overview

Documents

Helpful content and collateral covering Program and Workday topics.

Grants Management Definitions & Terminology Crosswalk

Screen shot of the terminology handout.

Campus Activities Timeline

Expenses Definitions and Terminology Crosswalk

Preview of the Expenses in Workday handout

Workday FDM Terminology Crosswalk

Terminology Crosswalk Document thumbnail

Financials Transformation Overview

Financials Transformation Overview Document

 

Georgia Tech Documents & Presentations

Recordings from webinars and presentations associated with the program.

 

View Documents

 

 

Glossary

View a glossary of program terminology.

 

View Glossary

 

FAQ

We've compiled answers to Frequently Asked Questions. If you have a question that hasn't been answered below, please reach out to erp.ask@gatech.edu.

General Program Information

What is ERP?

Enterprise Resource Planning (ERP) is a business process management software that allows an organization to use a system of integrated applications to manage the business and automate many back-office functions related to technology, services, and human resources. At its core, ERP is a well-managed, centralized data repository that acquires and supplies information for its users.

In an effort to modernize the Institute’s infrastructure, Georgia Tech is taking advantage of new technologies available in Workday, an ERP platform. 

Why is Georgia Tech transitioning to a new cloud-based ERP?

Workday will provide a single, integrated view of the Institute's financials and will better facilitate the flow of information between departments. The platform will ultimately benefit the Institute by reducing administrative burden.

What are the advantages of moving to a cloud-based ERP?

  • Increased efficiency, productivity, and maintenance 
  • Reduction in custom built applications
  • Increased transparency of system-wide data
  • Real-time processing and reporting
  • Improved accuracy, consistency and security of data

What are some of the benefits of Workday?

Workday offers a user-friendly interface that is intuitive and easy to navigate. The system also provides business units real-time financial insights enhancing their respective decision-making capabilities.

What functions are currently included in the Financial Transformation?

  • Business Assets
  • Banking & Settlement
  • Budgets
  • Customer Accounts
  • Expenses
  • Financial Accounting
  • Grants Management
  • Procurement
  • Projects
  • Supplier Accounts

How often does Workday release updates and how are they addressed?

Workday releases updates twice a year, every March and September. These releases include updates to the software, functionality, and even user interface. These changes will be addressed in training and program communications.

What is the timeline for the Workday implementation?

The ERP is slated to go live in July of 2019.

How will a users experience in Workday feel different from PeopleSoft?

With Workday, users will be much more in the system. It will feel like you are working in Workday holistically, and not a piecemeal. Workday will continue to feel like it has the best functionality for years to come because updates are rolled out twice a year for all users. 

What will happen to PeopleSoft Financials after Workday goes live?

Once Workday goes live and the historical data is consolidated, the Institute will no longer use PeopleSoft Financials.

The cutover strategy is expected to occur at the end of June/ beginning of July. This will also vary by unit. For example, the Controller's Office will have access to PeopleSoft after go-live. The Program Team will work closely with Organizational Readiness, the Controller's Office, and other key groups across campus to communicate timing and processes in Spring 2019. For BuzzMart, functionality will be largely decommissioned at go-live.

Please note that although PeopleSoft Financials will sunset during the calendar year 2019, the Institute will continue to use the PeopleSoft Human Capital Management system. Georgia Tech HCM will migrate to OneUSG Connect as a part of the HR Transformation, going live in January 2020.

Will the implementation team provide training on Workday?

To help ensure end users acquire the knowledge and abilities to effectively utilize Workday, the implementation team will provide training as the go-live date approaches. Training will consist of structured learning (web-based training and instructor-led training), social learning, and experiential learning (quick reference guides, job aids, videos). To learn more about training, visit our training page.

How will the Institute inform faculty and staff of relevant ERP events and updates?

The Institute is committed to keeping faculty and staff informed about ERP news and updates. In order to do so, leadership will leverage the following vehicles to communicate updates:

  • ERP Project Website – updated every month
  • Campus Info Session – covering 5 business process areas, scheduled over the course of implementation. Watch recordings from the Workday Overview and FDM, and Expenses in Workday sessions
  • Departmental Emails – sent on an as needed basis
  • Faculty and staff meetings
  • Workday Buzz- Bi-monthly Newsletter covering program updates, subscribe here

Is Workday accessible?

Yes. Workday's accessibility functionality will enable you to:

  • Magnify text on a responsive interface that optimizes content based on your device's screen size.
  • View Workday with high color and contrast, improving legibility for all users.
  • Use compatible assistive technology like a screen reader for text-to-speech output.
  • Use keyboard support to navigate through Workday with a mouse.

The program team is working closely with OIT to ensure accessibility. Training materials will be tested against screen readers and closed captioning will be included in video materials.

Will everyone have access to the enterprise data warehouse (EDW)?

In some capacity, yes. The EDW will mirror the security you have in Workday for financial information. For other facets, security is modeled based on the type of data and corresponding authority, i.e. student data access is largely guarded by FERPA.  

How will this transformation improve reporting?

The reports that exist today are static. With the EDW build out and LITE reporting, the suite and breadth of reports that are available will improve. End users will have the ability for ad hoc reporting and data query in a safe and secure environment. Building out the EDW will provide a centralized repository for data on campus, enabling the campus to make better-informed decisions.

How will the implementation team ensure faculty and staff have a voice during the ERP transformation?

The implementation team will include representatives across the Institute’s academic and staff units. Additionally, Nate Watkins has been appointed as the Academic & Research Lead. Watkins and the implementation team will play key roles in providing a voice for Workday’s end users during the transformation process.

The Organizational Readiness leads will conduct interviews, focus groups and surveys to ensure broad representation of input and feedback.

If you'd like to make suggestions or ask questions, please send an email to erp.ask@gatech.edu.

Workday Functionality

What kind of historical data can be accessed via Workday?

Two years of historical project ID data will be converted initially. It is still being determined how many additional years of history will be available in the EDW.

Will the PeopleSoft Chart of Accounts (CoA) be changing?

Yes, the Chart of Accounts will be replaced by the Foundation Data Model (FDM) in Workday. Workday utilizes a multi-dimensional model to capture attributes on transactions to support financial reporting. The worktags in Workday's FDM allow for a greater variety of classifications and reporting than in PeopleSoft.

How does my project ID translate to the Workday accounting structure?

A crosswalk tool will be published that will allow you to key-in the PeopleSoft project ID and see how it will map out to Workday.

Are there notifications for the Workday inbox?

By default, yes. But you can select which frequency you receive email notifications. There are also delegation features that can be accessed directly out of the Workday inbox.

Will we be able to process journal entries online?

Journal entries and some import functionality will primarily be online through Workday. Security mapping is in process now to determine how this is rolled out and to whom.

Deployment & Cutover

Will individual departments need to shut down related responsibilities during deployment?

Yes, transaction entry that is currently accomplished in PeopleSoft Financials and BuzzMart will cease according to a set schedule.  The process of transitioning from PeopleSoft Financials to Workday Financials is commonly referred to as Deployment or Cutover.  The actual cutover period will span several weeks, but the impact from an individual department perspective is approximately 10 business days.  Additional details regarding the cutover schedule will be communicated shortly, including the “Chronological Closeout Schedule” that will be communicated by the Controller’s Office at the March 19th Town Hall meeting.

Will all departments shut down simultaneously?

With a few exceptions (i.e. Controller’s Office, Business Services, etc.) all departments and units will be required to cease transactional entry in PeopleSoft Financials and BuzzMart on identical schedules.

Will extended and integrated systems shut down during this transition?

The Extended Systems team has been working with system owners to develop integrations to/from current Extended Systems/Workday Financials and the Enterprise Data Warehouse (EDW). The process includes developing new required fields and related logic in the Extended Systems, and unit testing of field data, logic, and connectivity to Workday and/or the EDW. At go live there will be direct integrations with 36 different systems on campus. We are in the process of determining to what extent and for how long each Extended System will be impacted during the cutover period.

Systems at Georgia Tech

How will this affect TechWorks?

TechWorks will continue to exist because it does a lot of other things that are not specifically linked to Workday. You will have a link to Workday in TechWorks, however, many of the quick links you currently use in TechWorks to go to a specific application will go away because that process will live in Workday.

How will this affect BuzzMart?

Requisitioning will now happen in Workday. Employees in Procurement & Business Services will still continue to work with the vendor (SciQuest/Jaegger) to assist with catalog info. Workday does not replace Buzzmart entirely; instead, we are using a sandwich model that will start the procurement process in Workday, punch out to BuzzMart, and come back to Workday to complete the requisition. 

How will this affect Concur?

PCard and expense report functionality is moving to Workday. Concur will live on from a travel booking perspective, but entering and processing spend authorizations or expense reports will live in Workday.

Expenses in Workday

Can we attach supporting documents to an expense report?

Yes, you are able to upload receipts and attach them directly to specific line items in the report. Delegation features allow this process to be allocated to another financial user as long as the correct security settings are in place.

Are you still required to complete a travel authority form for expense reporting?

Yes, the Travel Authority Request (TAR) will still live on, but the whole process will live in Workday. Workday refers to a TAR as a spend authorization. Spend Authorizations also have the ability to encumber funds.

Will there still be paper check requests?

Paper check requests will all be processed in Workday with two exceptions-- research participants and Georgia Tech Foundation. These exceptions are due largely to the sensitivity of information and frequency. We are working to roll out a more streamlined process for this.

Can expenses activities be delegated?

Yes, someone with the appropriate security role can create an expense report on someone's behalf. In the system, a user can switch accounts in Workday to access the system as that employee. Delegation will be available to manage non-worker expenses and travel as well.

Do you still need to scan in receipts?

You will need to scan, but it won't be an entire file/package, you'll be able to attach to line items. You can also upload a photo or screenshot of your receipt from your mobile device.

How are per diems calculated?

Per diems from the DoD will be setup/loaded into the system for the cities similarly to how it works today. Per Diems can be handled by date (days in the city) and individual days.

What would happen if a spend authorization is created in June for a trip in July?

June expenses cannot be carried over into July due to policy. The funds for that FY will close and the process of connecting that spend authorization from one year to next is still being discussed. 

Can a finalized spend authorization be undone?

Checking the final box at the bottom of the spend authorization tells Workday to close that spend authorization. You do not have to check that box if you are not sure if the spend authorization is complete, it can be manually closed out later. There is no way to undo or back out once it is closed.

Will we have the ability to split expenses across funding sources (projects)?

Expenses can be split at the line level, but not the header level. There is an existing Brainstorm with Workday to also include the header level.

How will direct bill airfare be entered?

There will be an integration with Travel Inc that will bring in travel booking records. 

Grants Management in Workday

Will we have the ability to track different dollar amounts in regards to cost share?

Workday has the ability for us to set up a separate award line and grant for cost share funding source. You will also be able to view this rolled up to the award level.

Who will get notifications when working on grants between multiple department?

Notifications will go to the source cost center and the target cost center. Notifications can not go to individual cost center managers. Notifications are controlled by each business process. 

Will you be able to see the status of purchase orders of the invoice for subawards in Workday? 

Yes.  Just like any other purchase order, users with the appropriate security roles will be able to view purchase order status.  The OSP Subaward team will be utilizing Workday Financials directly to monitor subaward supplier contracts,purchase orders, and subrecipient supplier invoices.

Who will have the ability to add new collaborators?

The request can be made by the department (cost center) whom originally issued the award. The approval and addition of the new collaborator will be made by Grants & Contracts.  Users can request a new Award line/grant on their award using the Create Request function.  

Is there a plan to automatically link fringe and F&A to an amount?

Linkage of direct to indirect transactions may be something that can be implemented in a later version of Workday, but not now. The request for this feature is fairly new in Workday, so we will continue to provide feedback to see If we can help enhance this functionality. Flat rate fringe is a personal services expenditure like earnings and tuition remission.  These expenditures will be posted at the spend category level in Workday Financials.  Detailed accounting for earnings, fringe, and tuition remission will be available in PS HCM/Salary Planning and Distribution reports.

Will we be able to split department charges?

Yes, for requisitions, POs, journal entries, grant, etc. you will be able to split the charges. All cost center managers among different departments will have to approve it though.  Splits that are not performed on the original transactions will need to be completed via journal entry.

Will there be a PEB report?

There will be a report with the same functionality as the PEB report. The new report will live on LITE.gatech.edu and source data from the Enterprise Data Warehouse. The new report will look to imitate current PEB, with some additional features such as aggregating PI's.

Is there a way to track spending against what is currently awarded?

You will be able to track all this information in Workday using real-time reports, but salary spending detail at the employee level will not be shown in Workday. Salary information can be found in PS HCM/Salary Planning and Distribution reports or in the PEB-like report that will live on LITE.gatech.edu.

Is it possible to have grants for external collaborators outside of Georgia Tech?

If the external collaboration is formal it should have a subaward contract, which would need to go through appropriate channels for contracting.  These subaward contracts would each have its own grant.  You can partition an award into grants as you see fit to manage the funding.

Will the system still be allowed to overrun an award?

Custom validations are built in to manage the awards, but doesn’t explicitly prevent users from overrunning.  Cost overrun awards or grants will not be set up in the Workday Grants system.  Overruns will eventually have to be moved off any grant/award.  Overruns will have be charged against departmental/cost center funding sources.