Forecasts created in CMS do not alter commitments in Oracle Financials.
Actual expenditures replace forecasted numbers as the project
progresses, which allow fnancial managers to get an earl warning of potential o!erdrafts, note con"icting commitments, plan future actions, etc. Checklist: Steps to Implement CMS to Forecast, Report, and Reconcile PTAs #. $earn about CMS at the CMS website %http&''cms.stanford.edu( ). Schedule a CMS O!er!iew *resentation for our management team %optional( +. Ma,e certain e!erone is granted the appropriate authorit to use CMS a. Managers grant indi!iduals authorit in the Authorit Manager b. -ndi!iduals complete re.uired CMS training for /pdate Authorit b registering in S0A1S for O1A2##)3 4. 5nsure our computer is set up for CMS 6. /se CMS to forecast, report, and reconcile *0As 7. -mpro!e business processes and eliminate or reduce use of Shadow Sstems 1. Learn Abot CMS at the CMS !ebsite http:""cms.stan#ord.ed $. Schedle a CMS %&er&ie' Presentation #or (or Mana)ement Team *optional+ Contact *atti McCabe %pmccabe8stanford.edu( to schedule a #2hour presentation for our team. 9our authorit dictates the updates ou can perform in CMS. 9ou can update *0A lines o!er which ou ha!e been granted authorit. -f ou share costs %salar or goods : ser!ices( with another Org, ou can !iew the entire distribution in CMS e!en if ou do not ha!e authorit o!er all the *0As. ;owe!er, ou will be able to update onl the lines for which ou ha!e authorit. Stanford *olic on confdentialit of data applies. Recei&in)",rantin) Athorit- . Re/ired Trainin) 1ecei!ing CMS Authorit is a two2step process& #. 9ou must complete a training class which consists of an o!er!iew, practice in the CMS 0raining 5n!ironment, and 6 authorit tests. 9ou can ta,e the training either in a hands2on lab or online. You must have approval from your manager to take CMS Training. CMS has contextual help throughout the application to guide the user. ). <hen ou enroll in O1A2##)3, Overview of CMS, in S0A1S, a CMS team member will contact our manager to ensure ou are authori=ed to ta,e the training, determine which authorit role ou will ha!e, and identif the Orgs and'or *roject20as,s to gi!e ou authorit for in the CMS 0raining 5n!ironment. # Once ou complete the training, a CMS team member will notif our manager that the can grant ou authorit !ia the Authorit Manager for the Orgs and'or *roject20as,s ou need access to in CMS. 9ou can CMS Commitment Mana)ement S-stem CMS allows ou to modif all aspects of pa, including labor distribution : salar update. CMS allows ou to !iew the pa histor for all personnel > facult, sta? and students. CMS allows ou to forecast lea!e and other supplemental pa. CMS allows ou to add @softA commitments, including burden. CMS has direct lin,s to Oracle <eb -n.uir where ou can !iew and'or suppress a *O. CMS allows ou to !iew outstanding commitments and actual expenses for Boods : Ser!ices which can ma,e reconciliation easier. 1educe time spent entering data manuall into Shadow Sstem%s( b using CMS 1eports, or exporting data to spreadsheets. 0. Impro&e 1siness Processes After e!erone in the wor, group, including the manager, has used CMS, meet to discuss the following& Can business processes be streamlined and impro!ed using CMSC Are there was to eliminate manual data entr into Shadow SstemsC -s it possible to eliminate some Shadow SstemsC <hat are the best uses for CMS 1eportC CMS 1ene2ts #or Administrators 1educed audit exposure as CMS allows ou to forecast and ma,e better fnancial decisions. 1educed time correcting errors as users ha!e a tool that will @do it right the frst timeA. 5liminates late cost transfers which can result in the *- ha!ing to absorb the cost. 1educed time spent to produce forecasts and reports. 1educed time spent manuall entering data and manual calculations. 1eliable CMS auto2calculations result in accurate data in forecasts and reports. ;ard commitment data feeds are timel, accurate, and reliable. Abilit to easil manipulate data to create @what if scenariosA. $ess time re.uired to pro!ide better fnancial management. 3. Learn Abot CMS at the CMS !ebsite http:""cms.stan#ord.ed 4. Schedle a CMS %&er&ie' Presentation #or (or Mana)ement Team *optional+ Contact *atti McCabe %pmccabe8stanford.edu( to schedule a #2hour presentation for our team. ) 5. 6nsre 6&er-one is ,ranted the Appropriate Athorit- . Completes Re/ired Trainin) to 7se CMS *http:""cms.stan#ord.ed CMS Athorit- /sing the Stanford Authorit Manager, ou can be granted one of four authorit roles in CMS. 9our authorit role controls whether ou can create forecasts or just !iew forecasts others ha!e created. -t also controls whether ou can !iew or update salar or are limited to non2 salar. 8ie' Athorit- T'o le&els a&ailable: CMS Salar- 8ie' 9 includes both salar and non2salar %i.e., goods and ser!ices( transactions. CMS :on9Salar- 8ie' 9 includes onl non2salar %i.e., goods and ser!ices( transactions Checklist: Steps to Implement CMS to Forecast, Report, and Reconcile PTAs D. $earn about CMS at the CMS website %http&''cms.stanford.edu( E. Schedule a CMS O!er!iew *resentation for our management team %optional( 3. Ma,e certain e!erone is granted the appropriate authorit to use CMS a. Managers grant indi!iduals authorit in the Authorit Manager b. -ndi!iduals complete re.uired CMS training for /pdate Authorit b registering in S0A1S for O1A2##)3 #F. 5nsure our computer is set up for CMS ##. /se CMS to forecast, report, and reconcile *0As #). -mpro!e business processes and eliminate or reduce use of Shadow Sstems 0. Learn Abot CMS at the CMS !ebsite http:""cms.stan#ord.ed ;. Schedle a CMS %&er&ie' Presentation #or (or Mana)ement Team *optional+ Contact *atti McCabe %pmccabe8stanford.edu( to schedule a #2hour presentation for our team. <. 6nsre 6&er-one is ,ranted the Appropriate Athorit- . Completes Re/ired Trainin) to 7se CMS *http:""cms.stan#ord.ed CMS Athorit- /sing the Stanford Authorit Manager, ou can be granted one of four authorit roles in CMS. 9our authorit role controls whether ou can create forecasts or just !iew forecasts others ha!e created. -t also controls whether ou can !iew or update salar or are limited to non2 salar. Cool Stu? + 9ou can !iew people with multiple assignments. 9ou can !iew all allocations for people in our Org, being paid from an Org outside our authorit. 9ou can clic, a *O to !iew an actual in!oice. Alerts. 9ou can lin, directl to Oracle <eb -n.uir from CMS to @suppressA a commitment. 0ime Sa!ers Giew salar histor showing 7 months of actual pa to insure people were paid correctl. Giew just the current ear for a Hlan,et *O that co!ers 6 ears of a grant 2 sa!es manuall remo!ing data from 1M+. CMS is one2stop shopping for re!iewing hard commitments. 9ou can .uic,l suppress commitments. 5. 7se CMS to Forecast, Report, and Reconcile PTAs https:""o#'eb.stan#ord.ed Iiscuss *0A nic,name feature and nic,name con!entions with our group. Iiscuss roles and responsibilities for *0As in CMS > remember, e!erone who has authorit can update the same *0A. CMS allows ou to !iew and report on the data from man source sstems, i.e., *eopleSoft, BFS and i*rocurement. CMS is a user interface for Oracle > in Oracle, ou pull data !ia 1eportMart+ 1eportsJ in CMS, data is pushed to ou b our search criteria. Hecause of this, ou ma !iew data ou did not ,now existed or thought was inacti!e. -f necessar, correct the data ou feel is old or incorrect in the source sstem%s(. CMS allows ou to modif all aspects of pa, including labor distribution : salar update. CMS allows ou to !iew the pa histor for all personnel > facult, sta? and students. CMS allows ou to forecast lea!e and other supplemental pa. CMS allows ou to add @softA commitments, including burden. CMS has direct lin,s to Oracle <eb -n.uir where ou can !iew and'or suppress a *O. CMS allows ou to !iew outstanding commitments and actual expenses for Boods : Ser!ices which can ma,e reconciliation easier. 1educe time spent entering data manuall into Shadow Sstem%s( b using CMS 1eports, or exporting data to spreadsheets. 9our authorit will control which screens or features ou can access. For example, if ou do not ha!e salar authorit, ou will be able to access 4 total salaries rollup OK$9, and ou will not be able to access information below the total salaries rollup. CMS is a planning and forecasting tool. ;ard commitment : expenditure data from Oracle Financials is fed nightl to CMS. 1e!enue data is not fed to CMS. /sers with /pdate Authorit can forecast b& o Modifing @hard commitmentsA o Adding @soft commitmentsA o Creating soft budgets o Creating custom periods Forecasts created in CMS do not alter commitments in Oracle Financials. Actual expenditures replace forecasted numbers as the project progresses, which allow fnancial managers to get an earl warning of potential o!erdrafts, note con"icting commitments, plan future actions, etc. Checklist: Steps to Implement CMS to Forecast, Report, and Reconcile PTAs #+. $earn about CMS at the CMS website %http&''cms.stanford.edu( #4. Schedule a CMS O!er!iew *resentation for our management team %optional( #6. Ma,e certain e!erone is granted the appropriate authorit to use CMS a. Managers grant indi!iduals authorit in the Authorit Manager b. -ndi!iduals complete re.uired CMS training for /pdate Authorit b Four 0ools for Financial Management 6 Introdction 0hose who manage accounts at Stanford ha!e abundant robust tools a!ailable to them. -t is up to them to le!erage the features of each tool in the wa that can best ser!e their business needs. <e pro!ide a brief description of 1eportMart+, Facult Financial in.uir 0ool %FF-0(, and Shadow Sstems, and discuss the Commitment Management Sstem%CMS( in detail. 7 CMS Commitment Mana)ement S-stem CMS is a planning and forecasting tool. ;ard commitment : expenditure data from Oracle Financials is fed nightl to CMS. 1e!enue data is not fed to CMS. /sers with /pdate Authorit can forecast b& o Modifing @hard commitmentsA o Adding @soft commitmentsA o Creating soft budgets o Creating custom periods =. 6nsre 6&er-one is ,ranted the Appropriate Athorit- . Completes Re/ired Trainin) to 7se CMS *http:""cms.stan#ord.ed CMS Athorit- /sing the Stanford Authorit Manager, ou can be granted one of four authorit roles in CMS. 9our authorit role controls whether ou can create forecasts or just !iew forecasts others ha!e created. -t also controls whether ou can !iew or update salar or are limited to non2 salar. 8ie' Athorit- T'o le&els a&ailable: CMS Salar- 8ie' 9 includes both salar and non2salar %i.e., goods and ser!ices( transactions. CMS :on9Salar- 8ie' 9 includes onl non2salar %i.e., goods and ser!ices( transactions Hoth must be granted b our manager Matches our current 1M+ authorit Allows ou to !iew forecasts created b others for our *0As 7pdate Athorit- T'o le&els a&ailable: CMS Salar- 7pdate 9 includes both salar and non2salar %i.e., goods and ser!ices( transactions. CMS :on9Salar- 7pdate 9 includes onl non2salar %i.e., goods and ser!ices( transactions. Hoth must be granted b our manager Hoth re.uire ou to complete training before using CMS Hoth allow ou to forecast for our *0As Hoth include Giew Authorit 9our authorit will control which screens or features ou can access. For example, if ou do not ha!e salar authorit, ou will be able to access D total salaries rollup OK$9, and ou will not be able to access information below the total salaries rollup. 9our authorit dictates the updates ou can perform in CMS. 9ou can update *0A lines o!er which ou ha!e been granted authorit. -f ou share costs %salar or goods : ser!ices( with another Org, ou can !iew the entire distribution in CMS e!en if ou do not ha!e authorit o!er all the *0As. ;owe!er, ou will be able to update onl the lines for which ou ha!e authorit. Stanford *olic on confdentialit of data applies. Recei&in)",rantin) Athorit- . Re/ired Trainin) 1ecei!ing CMS Authorit is a two2step process& +. 9ou must complete a training class which consists of an o!er!iew, practice in the CMS 0raining 5n!ironment, and 6 authorit tests. 9ou can ta,e the training either in a hands2on lab or online. You must have approval from your manager to take CMS Training. CMS has contextual help throughout the application to guide the user. 4. <hen ou enroll in O1A2##)3, Overview of CMS, in S0A1S, a CMS team member will contact our manager to ensure ou are authori=ed to ta,e the training, determine which authorit role ou will ha!e, and identif the Orgs and'or *roject20as,s to gi!e ou authorit for in the CMS 0raining 5n!ironment. 6. Once ou complete the training, a CMS team member will notif our manager that the can grant ou authorit !ia the Authorit Manager for the Orgs and'or *roject20as,s ou need access to in CMS. 9ou can then begin using CMS. Managers ha!e the option of allowing the CMS team to upload the authorit on their behalf or performing the tas, manuall. Contact *atti McCabe for further information on how authorit is being performed in our school. 4. Compter Setp #or CMS http:""cms.stan#ord.ed ,ettin) Started Compter Setp For *C, use -nternet 5xplorer OK$9. For MAC, use C-01-L 5. 7se CMS to Forecast, Report, and Reconcile PTAs https:""o#'eb.stan#ord.ed Iiscuss *0A nic,name feature and nic,name con!entions with our group. Iiscuss roles and responsibilities for *0As in CMS > remember, e!erone who has authorit can update the same *0A. CMS allows ou to !iew and report on the data from man source sstems, i.e., *eopleSoft, BFS and i*rocurement. E CMS is a user interface for Oracle > in Oracle, ou pull data !ia 1eportMart+ 1eportsJ in CMS, data is pushed to ou b our search criteria. Hecause of this, ou ma !iew data ou did not ,now existed or thought was inacti!e. -f necessar, correct the data ou feel is old or incorrect in the source sstem%s(. CMS allows ou to modif all aspects of pa, including labor distribution : salar update. CMS allows ou to !iew the pa histor for all personnel > facult, sta? and students. CMS allows ou to forecast lea!e and other supplemental pa. CMS allows ou to add @softA commitments, including burden. CMS has direct lin,s to Oracle <eb -n.uir where ou can !iew and'or suppress a *O. CMS allows ou to !iew outstanding commitments and actual expenses for Boods : Ser!ices which can ma,e reconciliation easier. 1educe time spent entering data manuall into Shadow Sstem%s( b using CMS 1eports, or exporting data to spreadsheets. 0. Impro&e 1siness Processes After e!erone in the wor, group, including the manager, has used CMS, meet to discuss the following& Can business processes be streamlined and impro!ed using CMSC Are there was to eliminate manual data entr into Shadow SstemsC -s it possible to eliminate some Shadow SstemsC <hat are the best uses for CMS 1eportC CMS 1ene2ts #or Administrators 1educed audit exposure as CMS allows ou to forecast and ma,e better fnancial decisions. 1educed time correcting errors as users ha!e a tool that will @do it right the frst timeA. 5liminates late cost transfers which can result in the *- ha!ing to absorb the cost. 1educed time spent to produce forecasts and reports. 1educed time spent manuall entering data and manual calculations. 1eliable CMS auto2calculations result in accurate data in forecasts and reports. ;ard commitment data feeds are timel, accurate, and reliable. Abilit to easil manipulate data to create @what if scenariosA. $ess time re.uired to pro!ide better fnancial management. *- satisfaction with the results of CMS analsisJ problems are identifed and corrected earl and late transfers and o!erdrafts are reduced. 1ene2ts #or Faclt- CMS forecasts and reports are eas to read and interpret. Consistent reports from all departments and schools sa!e time and reduce confusion. 3 Fewer unpleasant surprises at Closeout. !hat 7sers Are Sa-in) Abot CMS CMS 1eports CMS allows administrators to pro!ide uniform and consistent reports to the entire department'school'uni!ersit, which is a major beneft to those doing interdisciplinar research. 0he Month by Month Burn Rate by PTA report shows actual expenses and outstanding commitments. 1eports in CMS are clear, meaningful and eas for our *- to read. Forecasts automaticall default to F9 for non2sponsored awards and *0I for sponsored awards. 9ou can create a Custom *eriod pro!iding the abilit to report for a di?erent time period then the default period. 9ou can create a Custom Hudget which allows ou to rearrange expenditure tpes %with more or less detail( and ou can e!en modif the bottom line dollar amount. 0his feature is especiall powerful if ou anticipate more funding and want to forecast using that fgure. 9ou can download report data to 5xcel in two formats %with header or data dump( so ou can easil perform scenario analsis. 9our reports can be labeled with @nic,namesA, a more meaningful description for some facult than the *0A > unli,e the $abor Schedule reportM CMS Auto Calculations 9ou tell CMS when someone is going on !acation and CMS calculates !acation credits ta,ing into consideration wee,ends, holidas and das in a gi!en month. CMS distributes the lea!e credit to all *0As the emploee is charged to. Hurden is automaticall calculated showing the actual rate on all soft commitments. CMS is 5as to /se 9ou can retrie!e *0As b *-. -t is eas to generate new soft commitments and modif existing hard commitments. 9ou can easil create alternati!e scenarios for *-s %e.g. cost of hiring one !s. two grad students(. 9ou can easil chec, for outstanding commitments. Assists in Closeout b allowing one to easil !iew outstanding commitments. 9ou can lin, to i*rocurement to re!iew and reconcile *urchase 1e.s'orders. 9ou can see data from *eopleSoft, ;1MS, BFS OF merged into one place. 9ou can get a *0A balance .uic,l. Cool Stu? 9ou can !iew people with multiple assignments. #F 9ou can !iew all allocations for people in our Org, being paid from an Org outside our authorit. 9ou can clic, a *O to !iew an actual in!oice. Alerts. 9ou can lin, directl to Oracle <eb -n.uir from CMS to @suppressA a commitment. 0ime Sa!ers Giew salar histor showing 7 months of actual pa to insure people were paid correctl. Giew just the current ear for a Hlan,et *O that co!ers 6 ears of a grant 2 sa!es manuall remo!ing data from 1M+. CMS is one2stop shopping for re!iewing hard commitments. 9ou can .uic,l suppress commitments. CMS Report Attribtes ## #) #+ >ata Feeds to CMS #4 %ther Tools FFIT Faclt- Financial in/ir- Tool ;elps facult manage their /ni!ersit fnancial resources, which they own as individuals. A facult member can see all Awards, *rojects and 0as,s which he'she owns. *ro!ides balances and drill2down transaction details for a facultNs indi!iduall owned Awards, *rojects, 0as,s. Contains data that is refreshed dail. Calculates balances using budget, re!enue, expenditure and commitment data. *ro!ides online help in the form of tips and downloadable .uic, guides. Optionall, shows allocations to others from the facult memberNs Awards. -ncludes re!enue as well as budget data for *0As. ReportMart 3 1eportMart+ %1M+( is the primar reporting tool and en!ironment for the fnancial data in the %racle Financials sstem. Oe modules of the Oracle Financials sstem %used b distributed users across campus( include& -nternet *rocurement iHudgets iPournals iO/ , *Card $abor Iistribution Shado' S-stems ;ighl customi=ed 5xcel spreadsheets created b indi!idual administrators to meet the !er specifc needs of the facult members the support. #6