What is the Budget Modification System?
The Budget Modification System automates the submission, routing, and approval/denial of budget modification requests. It utilizes the Oracle BPM Workflow tool in conjunction with Orgs and Hierarchies maintained by the Budget Office in Oracle Hyperion DRM (Data Relationship Management) to manage routing and approval paths of budget modifications.
Approvals are automatic for budget modification requests that meet a set of business rules* established by the NYU Budget Office. Otherwise, they go through a review process determined by the Budget Office, with input from the Finance Officer of the school or department associated with the transaction.
Reviewers are notified electronically that there is a transaction requiring their approval; notifications go to the Reviewer's electronic Worklist, and a reminder is sent via e-mail. The Reviewer opens each notification, reviews it, and can act upon it directly from within the notification. In addition to approving or rejecting a transaction request, a Reviewer can transfer responsibility, thereby giving approval authority to a designated recipient.