{"id":6902,"date":"2017-08-17T11:59:45","date_gmt":"2017-08-17T11:59:45","guid":{"rendered":"https:\/\/www.rochester.edu\/adminfinance\/urbudget\/?post_type=question&p=6902"},"modified":"2017-11-14T15:42:53","modified_gmt":"2017-11-14T15:42:53","slug":"how-is-it-different-from-how-we-budget-today","status":"publish","type":"question","link":"https:\/\/www.rochester.edu\/adminfinance\/urbudget\/question\/how-is-it-different-from-how-we-budget-today\/","title":{"rendered":"How is UR Budget different from how we budget today?"},"content":{"rendered":"

Listed below are the major process changes created by the implementation of the UR Budget system. Attend the monthly Demo Days<\/a> event to learn more on these, or contact us<\/a>\u00a0for more information.<\/p>\n

    \n
  1. Spreading annual budget to all months \u2013 in the past, the budget was an annual budget amount for the entire year for many FAOs.\u00a0 In UR Budget, the annual amount will be spread across the months using various spread methods.<\/li>\n
  2. Excel user interface rather than web based \u2013 UR Budget is Excel based and has standard calculations that have been tested to prevent manual Excel errors.<\/li>\n
  3. The introduction of the Provider Model for the Medical Center\u2013 this feature is used by the medical center for budgeting patient care professional revenue and compensation for most of the medical faculty.\u00a0 It uses statistical productivity data to plan clinical work for providers and comprehensively budgets a person\u2019s compensation regardless of how many FAOs their salary is charged to.<\/li>\n
  4. Use of some workflow to route budgets for approval \u2013 once budgets are complete, they can be routed electronically for review and approval.<\/li>\n
  5. Introducing a BIP form \u2013 Business Improvement Plans, or BIPs, will now be captured in UR Budget.\u00a0 Once approved, a BIP is added to an FAO\u2019s based budget.<\/li>\n
  6. Allocations will be distributed \u2013 similar to actuals in UR Financials, UR Budget will distribute central and medical center allocations automatically to targeted FAOs.\u00a0 No need to manually enter the amounts.<\/li>\n<\/ol>\n

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