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Stratus Financials Training & Information

Stratus is TU’s modern business platform. It launched on July 11 to standardize and simplify TU business processes as part of a long-term modernization initiative.  Here’s what you need to know:

What’s changing?

Stratus replaces PeopleSoft Financials. In the new system, employees can enter their own requisitions and expenses, including travel, ProCard and employee reimbursements. Supervisors review and approve requisitions, expenses and expense reports. Cost center managers and financial stewards perform final reviews and audits. Depending on your office’s process, you might be an individual delegated to enter expense items and reports on someone else’s behalf. Students do not have access to Stratus Financials–they should use DocuSign for travel expenses.

Who’s impacted?

Impacts are greatest for employees using PeopleSoft to perform financial functions, such as budgeting, reporting, and procurement, because those processes have changed. Additionally, anyone traveling for university business will use the new system to submit expenses.

Where can I access the system & training?

Stratus is accessible via a dedicated tile on MyTU. Learn how to use the system by watching videos and accessing self-help docs on the Stratus Training webpage. There are resources and FAQ for all modules. If you need assistance after completing training, email stratusfinancialsteam@towson.edu or sign up for an optional office hours session with a Stratus expert.

What are the benefits?

Besides offering streamlined and modernized business systems, Stratus provides:

• Improved efficiency and fewer manual processes
• Convenience through notifications and alerts
• Simplicity with reduced add-ons and workarounds
• Real-time information on budget availability
• Fewer external spreadsheets
• Quarterly updates providing new functionality

For more information about the project, visit the Stratus website.

Categorised in: General

This post was written by Gorsuch, Pamela