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Finance Division


Financial Statements 2020 and current financial narrative

19 April 2021

To keep the University’s wider Finance community updated about Cambridge’s key financial issues, Director of Finance David Hughes has recorded two video presentations. Financial Statements 2020 The first video details the University’s July 2020 Accounts, covering the key underlying issues and walks through the primary...

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Sustainable Procurement key to University's journey to a zero-carbon

7 April 2021

The Finance Transformation Programme’s Strategic Procurement and Purchasing (SPP) project aims to support sustainably-informed purchasing choices, whilst maximising the potential of sustainable procurement to help secure a zero-carbon future. The full article can be found here.

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The Strategic Procurement and Purchasing project – what does it mean for me?

31 March 2021

Following an in-depth review of the University’s approach to procurement and purchasing, which analysed 25 departments demonstrating a breadth of subjects and spend, the Strategic Procurement and Purchasing (SPP) project has now launched. The SPP is a major component of the University’s Finance Transformation Programme – a...

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Industry experts appointed to Strategic Procurement and Purchasing board

21 January 2021

The Strategic Procurement and Purchasing board, which is chaired by Head of Physics Professor Andy Parker, has welcomed two new non-executive directors to support the University in transforming its approach to buying goods, works and services through the Finance Transformation Programme’s Strategic Procurement and...

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Providing access to transparent financial information

10 December 2020

The Enhanced Financial Transparency project (EFT), one of the Finance Transformation Programme’s (FTP) key projects, held two workshops with 38 staff members recently in order to capture key challenges faced by the University in financial planning. EFT aims to provide access to more transparent financial information to...

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Plans to transform procurement and purchasing University-wide are mobilising

1 December 2020

The Strategic Procurement and Purchasing (SPP) project – which will enable the University to better buy its goods works and services, with improved frameworks and more user-friendly systems and processes – is currently planning its implementation phase after recently securing funding from the Planning and Resources...

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Imports - what do Departments need to do to prepare?

18 November 2020

From 1 January 2021, the way that we pay import VAT is changing. When the EU/UK transition period ends on 31 December 2020, imports from countries in the EU will be subject to the same customs controls and VAT rules as imports from the rest of the world. The University will be using its VAT return to account for import VAT...

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Introducing Strategic Procurement and Purchasing and its workstreams

9 October 2020

Throughout the summer and as we move into the autumn, the future of the University's approach to procurement and purchasing has evolved. Despite the onset of the pandemic, which saw Procurement Services providing significant support to the University-wide provision of PPE and quickly equipping crucial COVID-19 research...

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Do you have a question about the Expense Management project?

28 August 2020

The Finance Transformation Programme’s (FTP) Expense Management project, which is developing a more up to date, digital and user-friendly method for claiming expenses, is progressing well and the team is on-track to launch its pilot phase with nine departments at the start of October. The development of a new expense...

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New Procurement Services website launched

24 July 2020

A major step towards creating a simpler, more user-friendly approach to how the University procures, purchases and pays f or its goods, works and services was made this week (July 24 ) with the launch of V ersion 1 of the new Procurement Services websit e. The launch of V ersion 1 is an ongoing project for 2020 and beyond...

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Please see our CORONAVIRUS/COVID-19 Assistance pages for help with areas of Finance during the current situation.

UFS issued communications and the University website also contain information on this topic

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