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Information Flows and Financial Management
Finance & Accounting
Pages 3 (753 words)
Review of the Kuali Financial System Name of the Writer Name of the Institution Review of the Kuali Financial System Introduction The Kuali Foundation is a very useful cooperative venture used to develop financial information systems in the academic sector (www.kuali.org).
The goal of Kuali has been to integrate the proven functionality of legacy applications with the ease and universality of online services. Basically, Kuali is a suite of open source software based financial management applications applied to serve the particular needs of colleges and universities. The software is freely available, but its support requires participation in the community. This is not an unreasonable request, considering that it also allows for the process of learning how to implement a system and for working out the various socio-technical adjustments that could be to be made in transitioning to a Kuali based system in any university. Overview of the System The Kuali financial system’s overall design is based on a higher education business model. When the last system was considered outdated and in need of a major overhaul back in 2006, research into the use of ERPs not only found that the cost was usually prohibitive but that it increased the workload considerably without resulting in any major relaxation of ease of use on the part of customers. A poll conducted by Robert B. Kvavik and Richard N. ...
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