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Stratus Financials Training & Information

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

System Access & Training

Stratus is accessible via a dedicated tile on MyTU. Faculty and staff can learn how to use the system by reviewing videos, self-help docs and FAQ on the departmental webpage corresponding with each module:

• General Navigation, Chart of Accounts, Reporting and Journals
• Payables and Employee Reimbursements
• Travel 
• Budget Transfers & Review
• Purchasing & ProCard
• Accounts Receivables

If you need assistance after completing training, email stratusfinancialsteam@towson.edu.

What Changed

Stratus replaced 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.

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