Monday 12 February marks three weeks and counting to delivery of the Finance stream of the OneUniversity solution on Monday 5 March.
Deputy Director of Finance Kevin Mallett shares some important news on changes to the processing of cash.
The University has made great progress over recent years in reducing its cash transactions, with volumes handled from students and staff down by around 40% in the last 12 months.
The introduction of the OneUniversity solution will enable the University to continue to modernise its cash handling policies and processes. Two important areas relating to cash handling with the introduction of OneUniversity are:
• Staff requesting expenses reimbursement at the cash office desk
From Wednesday 28 February there will be no further staff expense claims made through the Cash Office. All approved staff expense claims will be paid in Sterling directly in to employees’ bank accounts by BACS.
• Foreign currency requests from staff which are facilitated through the cash office
Provision of cash funds across the counter, whether in Sterling or foreign currency, from the Cash Office will end on Wednesday 28 February. All approved cash advances will be paid in Sterling directly in to employees’ bank accounts by BACS.
I’ll issue a further update before the go-live on 5 March. In the meantime, if you have any questions, please direct them to firstname.lastname@example.org