By Manie Lombard
My fellow finance colleagues, I look forward to team-up with you for a successful 2023!
We have an extraordinary year ahead of us with the go-live of Oracle Cloud Financials in our SUNFin project, replacing our trusted but dated “Terra"-system. You are a magnificent team of people working together to bring us to this significant milestone – the digitalisation of SU through SUNFin and SUNStudent.
Prof Stan indicated in our recent strategic planning session on 20 February that our Responsibility Centre's vision for 2023 is HESU – to strive for a High Impact Efficient Scalable University. Hereafter we held our division's strategic session on 27 February, where we discussed and agreed on the Division's strategic objectives:
Implement Oracle Cloud Financials (OCF) in July 2023 according to the approved SUNFin project plan (including the optimal training and support tool or platform for SUNFin; optimal alignment of finance division's structure with new best practice processes, workflows, and securities according to OCF).
Successful implementation of student fees and bursaries modules in SUNStudent for a transformative financial student services experience; and the development, implementation, and monitoring of an effective communication strategy and plan for student financial services, including the new NSFAS decisions.
Evolution of the SU (RC)-Budget Model and balancing the SU budget for 2024 and beyond to ensure the financial sustainability of SU.
To successfully obtain these objectives, we added staff wellness and transformation to our objectives as these are non-negotiables to reach our stated goals.
I look forward to each member of our Finance Team's contribution to making this a great year and Stellenbosch University an exceptional place.