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Frequently Asked Questions
Quantum Financials is the name that the campus selected for UMB’s Oracle cloud financials system. The system replaces eUMB Financials and RAVEN Financials Inquiry. The target go-live date for the Quantum Financials system is late October 2018.
The project timeline has an anticipated go-live date of late 2018. When Quantum Financials goes live, eUMB Financials and RAVEN Financials Inquiry will go away. UMB does not plan to run eUMB Financials or RAVEN Financials concurrently with Quantum Financials.
No. Once Quantum Financials goes live, eUMB Financials and RAVEN Financials Inquiry will not be used anymore.
Project ID is an integral part of the accounting string and will remain in some form. The project team anticipates that grants, capital projects will retain ‘Project’ as part of the accounting string. Other sources of funds will use a combination of segments which will be the equivalent of today’s Project ID.
The project team is planning for demonstrations, training and ongoing support both before and after Quantum Financials goes live. More details will be shared as they become available.
A Change Champion will be an employee from either a central office or from a school or department who will be engaged for advice to the project team, support of the project across campus, and assistance with business process changes and user testing.
A Change Agent will be an employee from either a central office or from a school or department who wants to know more about QF and will be engaged to disseminate information to the larger campus audience and build awareness.
We hope to reduce the reliance on shadow systems across the campus by providing a system that has more robust reporting and analysis functionality built in. However, we understand that the continued use of shadow systems will be a user’s decision.