vani prasad - kuali foundation applications and you - kuali kfs
DESCRIPTION
Presented by Vani Prasad, Vice President IT Modernization and Transformation, HTC Global Services at the Kuali Days UK conference, 30 October 2013.TRANSCRIPT
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KUALI FINANCIAL SYSTEM (KFS)
Kuali Foundation Applications & You!
Vani Prasad
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WHAT IS KUALI FINANCIAL SYSTEM (KFS)• The Kuali Financial System (KFS) is a community-source
software application system developed by and for higher education institutions to serve their financial software needs
• The KFS is a higher-education, community-source software project that is part of the larger Kuali Community. KFS is a core product developed around the Student, Research, Endowment and Financial sectors of the University environment
• Follows the key elements of the Kuali mission: o Designed for specific needs (for higher education, by higher
education)o Dramatically lower hard costs for administrative systems
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WHAT IS KUALI FINANCIAL SYSTEM (KFS)• KFS was the original Kuali project starting in 2005
• KFS founding partners are Indiana University, The University of Arizona, the University of Hawaii, Michigan State University, San Joaquin Delta Community College, Cornell University, NACUBO and the rSmart Group
• KFS is now a mature product that can be scaled for complex, multi-campus, research-intensive institutions as well as smaller private, liberal arts, or community colleges
• Currently implemented at well over 20 Universities, with many more in the works
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WHAT IS KUALI FINANCIAL SYSTEM (KFS)• The major software modules that constitute the KFS are:
o Chart of Accounts (COA)o Vendoro Purchasing and Accounts Payable (PURAP)o Pre-Disbursement Processor (PDP)o Capital Asset Management (CAM)o Accounts Receivable (AR)o Contracts and Grants (C&G)o Effort Certificationo Labor Distributiono Endowment (KEM).
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• Current Version is Release 5.0.2 (as of May 2013)
• Many implementations are at Ver 4.x and will go thru upgrade path
• KFS has matured from its Release 1.0 of Oct 2006.
• KFS product releases include partner contributions (a key element!), software patches, new functions, expanded workflows and so on.
• KFS has completed year-end audit runs with full compliance
• KFS has interest outside North America too….such as Canada, New Zealand, South Africa, United Kingdom, etc.
WHAT IS KUALI FINANCIAL SYSTEM (KFS)
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KUALI OLE AND KFS • Kuali OLE (Open Library Environment) development started
in 2010, so the learnings and experiences from KFS are applied into OLE
o Mature Kuali Rice Infrastructure and Middleware o Kuali-Rice is like the ‘chassis’ of the ‘car’
o Better use of project communication and collaboration tools
o Improved open-source software productivity and testing tools
o Some features of KFS are part of OLE, such as ‘Fines’o Software Development team is co-located o Adopt tighter Agile processes for improved
collaboration, product scoping and project monitoring
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KUALI OLE AND KFS • Closing remarks – things to consider in OLE or KFS
implementations
o Learn about the product (OLE or KFS) to understand the Fit, Form and Function of each Module (Feature)
o Look at data sources and data outputs, including reporting – may require an external datamart
o A lot of existing business processes may get simplified (dramatically!)
o Decisions may have made about processes and transaction postings that need to be done in real-time vs batch mode
o The products (OLE and KFS) come with good abilities to configure to suit unique needs and workflows of the Institution