2012 Strategic Initiatives
- Assess, coordinate, and implement major cost-cutting initiatives to achieve a portion of the U-M savings goal of $120 million from the General Fund by FY 2017
- Administrative Services Transformation (AST)
- Complete Shared Services design phase
- Deliver design report to executive sponsors
- Implement Wave 1 of strategic sourcing initiative
- Validate annual cost savings projections of $7.5 million
- Sign contracts for majority of Wave 1 commodities
- Develop scorecard on cost savings and percent of spend through strategic contract
- Establish new organizational structure and define roles, responsibilities, and priorities for Project Management Office
- Administrative Services Transformation (AST)
- Provide expertise and guidance on compliance, control, reporting, and tax issues
- Implement new ARRA reporting requirements
- Help units improve internal controls and enhance unit certification process through increased use of metrics and technology
- Develop university-wide guidelines for updating and revising SPGs
- Revise and implement procurement SPG to offer value-added services to units
- Stabilize, measure, and investigate expansion of Fleming Administration Building Shared Services effort
- Support recommendations from Integrated Disabilities Management Advisory Committee
- Support efforts to repeal the federal law mandating a three-percent withholding on vendor payments
- Maximize efficiencies, reduce costs, and improve financial and procurement processes
- Assess and plan consolidation of AP hubs
- Implement pilot program for stored-value cards
- Evaluate rate setting and chargeback models for IT Rationalization
- Standardize procurement contracting process
- Select contract management application
- Assess and improve effort certification business processes
- Engage Finance employees through leadership development, growth, and training opportunities as part of ongoing effort to improve employee and customer satisfaction
- Support It Starts With You, a B&F-wide education program for supervisors that focuses on the connection between employee and customer satisfaction
- Support B&F-wide training initiative to improve hiring and selection practices
- Develop and implement process that promotes growth opportunities for Finance employees through participation in Finance and B&F committees