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Quantum Financials Chart of Accounts Discovery Session Set for Jan. 31

With the Quantum Financials team in the process of creating a new Chart of Accounts (COA), Susan McKechnie, assistant vice president and University controller, will lead a COA discovery session on Jan. 31 to explain what you need to do now to be ready.

The discovery session will run 10 a.m. to noon and be held at Pharmacy Hall, Room N103,

This session is the first step in preparing to convert data from eUMB Financials to UMB’s new financials system, Quantum Financials. The presentation will familiarize you with the proposed Chart of Accounts. Most important, it will lay out the actions your department needs to take now while there is time to revisit some decisions that have been made to date. The presentation also will set expectations for what will be required of departments over the next few months (including some clean-up in eUMB Financials).

This meeting is especially important for any departmental staff who prepare financial reports, analyze financial transactions, or create budgets for non-sponsored funding streams. However, anyone interested in the new Chart of Accounts is welcome to attend.

Plan to join us at this session to gain an understanding of where we are going with the Chart of Accounts changes and the steps your department needs to take now.

Robin ReidTechnology, UMB NewsJanuary 5, 20181 comment
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Quantum Financials

The Voters Have Spoken!

We have a winner! UMB’s new financial system will be known as Quantum Financials. The name was submitted by Chiradeep Mukherjee, enterprise wide application specialist in administration  and finance.

Chiradeep’s entry also included a tag line, which inspired the contest team to create one for the new name as well: Quantum Financials | A leap forward. Transforming systems. Empowering people!

Dawn Rhodes, CFBO and VP, commented that she likes the image of “leaping forward” with the new system. She continued, “Enhancing and improving UMB’s financial tools and reporting capabilities is one of the primary goals of this project. While development details and tactical project plans are still being finalized, one thing is certain. Many of you will be asked to become involved in the project as we further define, configure, test and deliver Quantum Financials.”

Thanks again to the hundreds of you who participated by submitting an entry and by voting for your favorite. We’ll keep you posted here and other places as we announce more ways to stay involved with this initiative.

Robin Reid Contests, TechnologyJuly 20, 20170 comments
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