Current State Review - Future State Design
What happened in Phase One? A lot of important foundational work!
Phase 1 has been all about looking at the way we currently do finance at UVA. We have worked to understand the current systems that we use, and compared that to leading practices and systems elsewhere in higher education and noted where we have opportunities to be better at what we do.
In our Business Process Maturity Model Workshops with stakeholders, we've studied how we want to do things in the future and how well a new system would support that new way of doing things. Where we have recognized gaps between the system and the new processes, we have worked to develop a picture of how those gaps get addressed, whether that’s a different system, a supporting system, or additional process changes.
The main deliverable for Phase 1 was the picture of how we can improve finance at UVA, as well as a business case for making those changes. Another part of this included developing a roadmap that lays out what changes are involved, how long we think that will take, and who would be impacted by those changes.
Functional Gap Analysis
Workday Financials is an overall fit with 99% of UVA high-level differentiating requirements*, meeting 77% (or 135 of the total 175 requirements) with a pure Fit and 22% (38 in number) with a Fit with a Workaround within Workday.
The 1% No Fit with Alternative, that is only two requirements, would require an alternative solution, such as a UBI report.
* Differentiating requirements that are unique to UVA compared to other higher education institutions served as the basis for the Functional Gap Analysis. Standard requirements that are inherent in modern ERP software solutions were not captured during this process.
|Fit-Gap Analysis||Fit-Gap Disposition||Fit-Gap Definition|
|Fit with Workaround withing Workday||
|No Fit with Alternative||
Transformation Roadmap and Business Case are the two major deliverables for Phase 1.
|Transformation Roadmap||Business Case|