Monthly newsletter form the Division of Finance.
Division of Finance Monthly Update |
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With the new year comes new opportunities for positive change. Why not make it your resolution to go paperless by receiving your pay and business expense reimbursements electronically? See Helpful Hints below for details on how to sign up to have your paycheck and your business expense reimbursements deposited directly into your bank account(s). See additional Helpful Hints such as the new mileage rate for 2025 and info for filing updated tax withholdings.
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For business-related resolutions, we encourage all employees to examine opportunities to sharpen their budget skills by reviewing past spending patterns and exploring efficiencies resulting in University budget savings. Instituting efficiencies could support funding new department or divisional initiatives. Examples include catering, supplies, travel-related costs, and special event related activities. Reviewing and implementing effective and efficient budget management is always a good way to the start the year.
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As we enter 2025, the Finance Division continues making progress on the ADAPT ’25 initiative. The partnerships with two travel management agencies are fully executed and we are pleased to report that Athletics has started to use Shorts Travel Management for athletics-related travel. We are in the final stage of integrating the Collegiate Travel Management (CTP) platform for non-athletics travel so stay tuned for an official CTP “Go Live” bulletin which will include training opportunities to learn how to access CTP and how to use their “lightning tool” for booking university business travel.
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Our most transformative ADAPT ‘25 project is the implementation of Unimarket, the university’s fully automated procure-to-pay system. We are deep into system integration and have begun ‘Supplier Enablement.’ We are in the process of connecting twenty large-volume Seton Hall vendors already in the Unimarket supplier network to our marketplace. We will shortly begin identifying and contacting other frequently used University vendors to join our supplier network.
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In other news, we are undergoing final approval of a revised Credit Card policy which we anticipate releasing to the University community shortly. In addition, select university personnel are currently working on updates to the Travel and Procurement policies. These policies will follow the same internal review and communication process.
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We will continue to keep the university community updated on all the ADAPT ’25 initiatives by way of this monthly newsletter, university bulletins, and Spring ’25 semester Open Forums (see Upcoming Events below).
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Ed Bishof
Interim Vice President for Finance and Chief Financial Officer
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If you have not done so already, we urge all employees to sign up for Direct Deposit of your paycheck and for your business expense reimbursements. Log onto Pirate Net and follow these steps:
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Select Self-Service Banner
- Select Employee Dashboard/ View Employee Dashboard
- Click Direct Deposit Information to access your banking information.
- Follow the steps outlined in the Self-Service Direct Deposit Step by Step Guide.
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If you wish to make changes to your paycheck tax withholdings, file an updated W-4 for either State of New Jersey withholdings or federal withholdings or both. Submit completed and signed form(s) as email attachments to payroll@shu.edu or drop off the form(s) to the Payroll Office located in the lower level of Bayley Hall, Room 10. For security purposes, indicate your SHU CWID, rather than your SSN, when emailing your form.
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The Federal Government has published a new Mileage Rate for Calendar Year 2025 à $0.70/mile, an increase from the CY24 rate of $0.67/mile. The university’s Travel and Expense Reimbursement form has been updated accordingly.
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Upcoming Events & Deadlines |
The tentative dates for the spring 2025 Division of Finance Open Forums on the South Orange campus are February 25 and May 13. Dates for IHS and Law School will be announced shortly. Stay tuned for an official bulletin with confirmed dates/times/locations and event registration links.
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