This project was undertaken to provide more detailed audit information and improve tracking of vendor inquiries. Currently, outstanding items cannot be handled in a timely way because of the need to interact with the bank. This project primarily benefits Accounts Payable and Audit. The electronic availability of clearing data may also prove useful to DLC staff. The process of accessing clearing information would be more timely and require less dependency on the bank.
Current functionality needs to be replaced.
Also, testing and maintenance of two interfaces is costly. Poor readability of the current AFP reports means the statement reviewer's time is not well used. Benefits to MIT Convenience and ease of use for those users who look at their financial results on paper. Departments, labs and centers will be able to select a printing order for locally printed statements. MIT will only need to maintain one printer interface.