U of M trying to smooth new financial system
The University of Minnesota is attempting to eliminate some bugs in a $50 million accounting system, WCCO TV reported.
The new Enterprise Financial System handles all of the university's financial business. Payments to employees or to venders are passed through the EFS.
The main issue appears to be that the system is really complex forcing more necessary training for staff and student staff. Some users say there have been other problems as well besides the complexity, such as data errors, and some staff members don't fully trust the balances they're receiving for accounts they use in work.
University accountants said they understand the frustrations, and said they're trying to fix the problems and make the system easier to use.
Chief Financial Officer Richard Pfutzenreuter said the last time the university moved to different accounting systems was in 1991, and it took about two years to make the system run smoothly.
Pfutzenreuter said the EFS will be working smoothly by the end of the year.