Rapid updates invoicing workgroup
Download
1 / 9

RAPID Updates Invoicing Workgroup - PowerPoint PPT Presentation


  • 65 Views
  • Uploaded on

RAPID Updates Invoicing Workgroup. Invoicing Workgroup Update.

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about ' RAPID Updates Invoicing Workgroup' - odysseus-sheppard


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
Rapid updates invoicing workgroup

RAPID UpdatesInvoicing Workgroup


Invoicing workgroup update
Invoicing Workgroup Update

Many sponsors require UCLA to invoice for expenses incurred on a monthly or quarterly basis. Sponsor deadlines for these invoices are typically 30 or 60 days after the period end date. Payment to UCLA is dependent on timely submission of these invoices

  • UCLA’s research volume was over $966M in FY09. Over 36%, of $349M, of this came from non-LOC funding

  • March 2010 Metrics:

    • 1,234 invoices were completed

    • 639 invoices were past due


Invoicing workgroup update1
Invoicing Workgroup Update

  • EFM faces several challenges to timely submission of invoices

    • Large volume (600-700 per month)

    • Invoicing Backlog

    • Short turnaround time to meet Sponsor deadlines (often 30 days)

    • Cumbersome financial and workload management tools

    • Inability to save and edit invoices

    • Untimely NCTE and Amendment requests

    • Specific Sponsor requests for budget and expense breakdown

    • Large number of revised invoices


Invoicing workgroup update2
Invoicing Workgroup Update

  • Objective: Review the current procedures between departments, OCGA, and EFM related to all aspects of the Invoicing Process and identify areas for improvement

  • Result: Workgroup identified 58 action items to be reviewed

  • Approach: Four sub teams were formed to review the 58 action items and present improvements to the Invoicing Team:

    • Systems

    • AutoBill

    • Communications

    • Policy and Procedure


Invoicing workgroup update3
Invoicing Workgroup Update

  • Example Action Items to be reviewed by sub teams

    • Ability to save invoices and submit to sponsor electronically

    • Clear, concise verbiage for dept notification of expired awards with “next steps” instructions

    • New policies and procedures (e.g., report final due date = to end date)

    • Reduce Supervisor review for interim invoices and delegate signing authority when appropriate


Invoicing workgroup update4
Invoicing Workgroup Update

  • Accomplishments to Date

    • Granted supervisor-approved accountants the authority to sign certain invoices and reports

    • Included outstanding A/R amount on Invoicing Template to alert sponsors to past due payments

    • Enhanced InfoEd to include a status for Pending NCTE/Amendment and Carry Forward Requests

    • New procedure implemented for “scheduled” payments

    • Earlier notification to PI/campus of collection problems

    • Development of new Invoicing Tool is underway


Invoicing workgroup update5
Invoicing Workgroup Update

  • Accomplishments - Reduced backlog due to hard work by EFM and Dept Fund Managers!


Invoicing workgroup update6
Invoicing Workgroup Update

  • Next Steps

    • Continue to work within sub-teams to implement changes and review 58 action items

    • Draft Policies and Procedures to be reviewed and approved by the LIPE group

    • Improving communication between EFM, OCGA and departments (e.g., standardizing communication sent to departments before and after a fund expires, and working with OCGA to develop procedures for NCTE requests and amendments)


Invoicing workgroup update7
Invoicing Workgroup Update

  • Team of 16 representatives from EFM, ORIS, and ORA

EFM

  • Evelyn Balabis

  • Sharon Castillo

  • Kaaren Davis

  • Linda Finley

  • Veronica Fuentes

  • Annette Garcia

  • Becky Henricksen

  • Winny Migletz

  • Jill Narciso

  • Olga Sanders

ORIS

Gloria Su

Terry Wingo

ORA

Dan Newbower

Huron

  • Nate Haines

  • Ed Lee

  • Allison Philabaum


ad