Transform Your Financial Reporting

Tablet with Charts

Published October 20, 2015

Learn how to leverage SIRI to improve your financial reporting needs.

SIRI Financial Reporting

SIRI can help you with your reporting needs by:

  • Providing a shared view of financial picture with senior leadership
  • Displaying a units financial identity
  • Increasing Data analysis, trending, baseline reporting for budget
  • Aiding in making informed decisions
  • Promoting efficiency within your unit

Units Who Transformed Reporting

School of Management

Prior To Change They Used

  • Shadow system for some accounts and unit generated Excel spreadsheets
  • Flat financial hierarchy
  • Flat account structure

Transformative Steps

  • Assessed Dean’s Office and departmental reporting needs
  • Updated financial entity/hierarchy (organizational) structures to match reporting needs
  • Established account structure
  • Updated transactional activity, security access and internal processes
  • Trained staff on the use of SIRI

Chief Information Officer (CIO)

Prior To Change They Used

  • Supplemental system for all activity with data feeds from infosource
  • Established structured entity/hierarchy
  • Established future commitment tracking process
  • One-to-many account relationship between SIRI and shadow system

Transformative Steps

  • Assessed how to get shadow system functionality into SIRI
  • Established account structure
  • Assigned campus use fields
  • Updated transactional activity
  • Designed customized reporting

University Libraries

Prior To Change They Used

  • Utilized SIRI for operational and strategic reporting
  • Structured entity/hierarchy
  • Account structure maintained in base systems.

Transformative Steps

  • Assessed VP and Departmental reporting needs
  • Updated entity/hierarchy structures to synchronize with reporting needs
  • Updated account structure
  • Updated transactional activity and internal processes

Get Started

The first step is to asses the VP and departmental reporting needs for your unit

Next Steps

  • Review and update entity/hierarchy structure to synchronize with reporting needs and data
  • Update account structure to match updated entity/hierarchy structure

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