The University of Minnesota is trying to squash some bugs in a $50 million accounting system.
The new Enterprise Financial System handles all of the university’s business. Whether it’s a payment to an employee, or a payment to a vendor, everything passes through the EFS.
The main problem seems to be that the system is really complex. But users say there have been other problems as well, such as data errors, and some don’t fully trust the balances they’re seeing for accounts they use.
Financial officials say they understand the concerns, and say they’re doing their best to fix the problems and make the system easier to use.
Chief Financial Officer Richard Pfutzenreuter says the last time the university switched accounting systems was in 1991, and it took two years to iron out the bugs.
But he says this new system will be — and must be — working smoothly by the end of the year.
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Information from: Minnesota Public Radio News, http://www.mpr.org
