This December PeopleSoft Financial Tools will replace McMaster's legacy accounting and finance systems. As part of the transition, several processes in the current accounting systems must be brought to a close, similar to a year-end. The project team has assembled a cutover memo that outlines the systems which are affected and the last day that transactions may be recorded in the legacy system. After a system is closed, all further transactions will be entered into the new PeopleSoft system. The memo also contains a full list of area-specific contacts, should you have additional questions.
Mosaic is McMaster’s project to modernize its business and administrative processes and replace its current business systems with an enterprise resource planning (ERP) system. Mosaic will replace the current systems used for student administration, finance, research administration, human resources, and business intelligence. Replacing all of these systems in one multi-year project provides a rare opportunity to modernize the University’s business processes. The new system will be launched in stages over the next two years, beginning with the finance and research finance portions of the system this December.
For additional information about the project refer to the Mosaic website: www.mcmaster.ca/mosaic