Business Update News from 10/2024

In response to community feedback, the Controls and Business Process Questionnaire (CBPQ) process will be updated to alleviate administrative burden for...

It is important to note that Yale does not have the legal standing in other countries required for our employees work remotely outside the US. Each time a remote work arrangement outside the US is under consideration, it must be submitted for approval. Please be aware (and set the appropriate...

A new spend category was created in FY24 to monitor open access publishing costs, “Publishing Fees- Open Access only (SC797).” Article Processing Charge (APC), or Author Publishing Charge, is a fee charged to cover the cost of publication in an open access or hybrid open access publication (e.g...

The Financial Review Checklist (“FRC”) ( Form 1101 FR.01 ) has been reviewed and updated. The FRC has undergone revisions based on departmental feedback received during the FRC QA process as well...

Due to the high volume of activity in Accounts Payable at year-end close, our standard five business day turnaround time for reviewing Supplier Invoice Requests, Supplier Invoices and Expense Reports (for those departments with whom we partner) may be impacted. If we do fall outside of the...

The One Finance team is pleased to share a resource that will help all of us at Yale achieve the One Finance North Star aspiration. The One Finance strategic initiative, launched in 2022, is a multi-year program to...

In support of our One Finance North Star , Chart of Accounts (COA) has added a new web page to answer frequently asked questions by the user community, such as “Why is my COA so complicated,” and others....

In a significant move aimed at enhancing operational efficiencies and asset tracking, the ITS Service Management team is set to launch a new Hardware Asset Management system on May 24. This collaborative initiative, which includes but is not limited to the Faculty of Arts and Sciences (FAS),...

Due to the high volume of activity in Accounts Payable due to commencement and year-end activity, it is customary for us to see a notable increase in our transaction volumes and re-work. The rise in volume can affect our ability to meet our standard five-day business turnaround time during this...

Effective Wednesday, May 15, 2024, ‘Budget to Actuals for Management Office Reporting – Yale’ and ‘Budget to Actuals for Management Office Reporting by Gift/YD/Fund – Yale will be combined into one report. The surviving report will be the ‘Budget to Actuals for Management Office Reporting – Yale...

The Operations Portfolio Management Office (OPMO) status reports are now available for April 2024 . These reports provide Operations and Academic business unit leaders with access to information about current and upcoming programs.

We continue to see an increase in phishing attacks targeting Yale email accounts that appear to be from a yale.edu email address. We are writing to share a recent example and provide you with tips on how to recognize and report these phishing attacks.

A current example is American...

As you may recall from years past, we instituted a process in 2019 whereby the Budget Office collects the Chart of Accounts (COA) to be used as the offset for each unit’s GA Sweep . The COA combination used for...