Finanical Systems U ser Group Meeting. June 24, 2014. Agenda. Markview Upgrade – the new viewer Staples Advantage – Update Permanent Delegation – what you need to know Questions???? . Markview 8. Why are we upgrading Take advantage of a newer viewer Easier to view images
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June 24, 2014
Let’s take a look-
Ryerson is committed to
“effective and efficient management of University’s finances”.
Only those employees with appropriate approval authority are authorized to approve financial transactions.
The Delegation of Financial Signing Authority policy:
Markview Accounts Payable Invoice Approvals,
Appointed Approver Approach
NO SHARING of IDs and PASSWORDS.
Board: The Board of Governors of Ryerson University
To delegate: To assign the power to act, make decisions or allocate resources on one’s behalf
Delegator: The person who is delegating their financial authority
Delegated Individual: A University employee who has been delegated authority
Director: Pertains to the university’s Approval Authority Schedule (AAS). To be interpreted as individuals with the title of “Director” reporting directly to a Vice President, and with a maximum approval limit of $100,000.
Peer: An individual who shares similar title, grade and/or responsibilities. This can include another faculty member in a department. For Chairs/Directors, this can include a Chair/Director in another school within the same faculty.
Down 1 Level: A position that reports directly to the delegator.
Up a number of levels: Positions to which the delegator or their manager reports.
Appointed Approver Approach: A process whereby an employee reporting to an approver accesses the financial system under their own ID and password, and approves specific transactions as authorized by the approver.