Supporting the appropriate and efficient management of the financial resources of the University is the core objective of services and tools in this area. Serving the needs not only for central finance, budget, and treasury the financial services also aid many individual departments and researchers in effectively managing end-to-end financial transactions. This includes: budgeting process, financial record-keeping, accounts payable, accounts receivable, cash management, grant management, and institutional and statutory reporting.

Finance Systems is a broad term used to describe the many financially related applications used throughout the University and supported by the University Information Technology Applications & Architecture unit.

The primary system in place is SCT's (Systems & Computer Technology Corporation)  IA-Plus Financial Records System (FRS). This is an established, core system, on which many standard University processes and routines are based (for example: year end processing, record keeping control, cash management, billing and payments, etc.). There are scheduled departmental reports and there is an ability to see current transactional data with the FRS Online system. Custom reporting (for current and historical perspectives) is also available via the University's Data Warehouse.

In order to meet new and/or business specific needs, additional systems have been collaboratively developed and when possible, interfaced with existing University systems, making use of common data information and goals, using tools and technologies as appropriate.  

Other applications under the Finance Systems umbrella of support:

URSecure Pay enables credit card processing in a secure online environment, with the added benefit of improving cash flow and bank reconciliation time due to the direct connection with FRS and a 24/7 processing environment.

Parking describes the system in place which administers the issuing of University parking permits (and violations) and governs the University parking lots. There is a parking system replacement project underway to provide an updated system with new features and processes.    

Budget has a web budget system for The College which was implemented to facilitate the yearly budget process. This system can accommodate pre-loaded data which assists with automatic calculations, provides a beginning baseline and opportunities for trend analysis. Other system highlights include an audit trail to track changes and a direct feed of completed budget transactions to the FRS system.

URCoeus (also known as Coeus), is a system that contains proposal and award information for sponsored programs at the University of Rochester. 

URSpace is a web-based custom data collection and reporting system for all University of Rochester owned space.

URGEMs (University of Rochester Grant Encumbrance Management System) is an application that enables users to record, manage, monitor and report on employees, appointments, budgets, encumbrances and expenses at department level detail.  This new system is an enhancement to the Miser and WebMiser systems and is intended to replace both systems.

Miser/WebMiser (Management Information System for Encumbrance Reporting), is an application which enables users to record, monitor, and report on employees, appointments, budgets, encumbrances, and expenses at department levels of detail.