Submitted by nl407 on Thu, 10/12/2020 - 16:54
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 enable the University to make more balanced and aligned resourcing decisions. It is also a key enabler in the University's Recovery Plan, which aims to achieve financial sustainability.
The workshops aimed to begin engagement with some key staff members, and information gleaned from these sessions will help to articulate the key scope areas, objectives and roadmap for this ambitious project in the long and short term.
The FTP team is currently gearing up to submit a business case to the Planning and Resources Committee in the New Year to enable the EFT project to move forward. The wider University and stakeholders will be kept up to date and consulted as this important work progresses through 2021 and beyond. In the meantime, further information about the project and its aims can be found on the FTP Webpages.
Click here to see an illustration of how the key projects, including EFT, sit under the FTP banner and how the Programme is aligned with other University transformation initiatives.