Initiatives

Budget Model Enhancement

UF is reviewing its RCM-based budget model to ensure it aligns with industry-wide best practices. This process was started in the Summer of 2021 and is expected to last until the Summer of 2022.

Budget Planner

In an effort to improve the university’s budgeting processes, the Office of the CFO completed a thorough review of UF’s business processes and technology used for university budgeting and analysis. As a result of this process, the decision was made to adopt the Workday Adaptive Planning software to replace Hyperion as the university’s budgeting tool. The new tool was launched alongside the FY23 “Funds Budget” in the spring of 2022.

UF GO

In Fall 2022, the university will introduce UF GO, a new travel and PCard system that will enable faculty and staff to upload, review and report travel and PCard expenses on the go.