Data definitions are consistent. The new processes facilitate and improve management decisions. Data can be summarized consistently at all levels. Decision making focuses on the substance of the decision rather than the quality or consistency of the data. Incentives for good management are built into the process.
Information is available to all units and managers to measure performance against goals.
Quantifiable performance goals are part of operational units' planning process. Financial control and reporting on all MIT-administered accounts is improved. SAP is a cutting edge business software package designed by the German-based software company SAP AG . It is a financial information system used by major corporations in more than 50 countries for financial reporting. The SAP system will help MIT organize and, most importantly, simplify the way it tracks and records financial transactions.