Monthly newsletter from the Division of Finance.
Division of Finance Monthly Update |
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The Finance Division is pleased to report that the current fiscal year will close on target. The Board of Regents recently approved a $348M unrestricted operating budget for the 2026 upcoming fiscal year, a 3.2% increase from FY25 year-end projections.
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The Budget Office is continuing development of detailed operating budgets in consultation with area VPs. These budgets will be posted in Banner Finance by July 7.
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Also debuting July 7, 2026 will be the Procure-to-Pay module of Unimarket, the cornerstone of the ADAPT ’25 initiative. FY26 purchasing is to be made utilizing Unimarket. Finance personnel have been conducting road shows all month delivering Unimarket training sessions to over 25 divisions/colleges/schools with more training scheduled. We thank our colleagues for their hospitality in hosting these sessions and for the high level of engagement at each session.
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A reminder that the Unimarket platform, housed on PirateNet and made available to appropriate University employees as authorized by division heads, includes a robust built-in learning center as well as a link to Unimarket’s help center which has extenstive information and library of knowledge articles.
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Questions / suggestions / concerns on Unimarket and other Finance initiatives?
Contact us at: OfficeoftheCFO@shu.edu.
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Ed Bishof
Vice President for Finance and Chief Financial Officer
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Browser: An employee authorized to shop in Unimarket and place items in their shopping cart but cannot complete the purchase / commit the funds. Browsers will reassign their shopping cart/purchase requisition to an appropriate Buyer.
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Buyer: An employee authorized to shop and buy, to complete the purchase requisition and “check out.” Buyers have budget authority to complete the purchase.
Note: a Buyer cannot approve their own purchase.
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Approver: An appropriate employee in the supervisory chain for their department who will receive notifications from Unimarket that a purchase requisition has been routed to their attention to approve or decline. The email notification will include the details of the purchase requisition and a direct link to the Approvals screen in Unimarket, making it easier and faster to attend to pending requisitions.
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