iStar has reached and passed
the first major milestone – the
launch of the Finance and Supply
Chain Management systems
occurred on January 4, 2010.
The modules contain a number
of key components including:
General Ledger, Accounts Payable,
Accounts Receivable, Asset
Management, Billing, eBill Pay,
Cash Management, Expenses,
Purchasing, eProcurement, Strategic
Sourcing, eSupplier Connection,
eSupplier Contract Mgmt,
eSettlements, and Project Costing.
Overall, the Go-live was uneventful.
There were some GL issues with
moving from old budget numbers
to new budget numbers which
were largely resolved the first few
days. Extra resources were brought
in to help and LSCS staff are now
actively using the new system.
Budgeting Module is Next!
Unlike Colleague where the GL
and the Budget use the same
module, our new system separatesbudgeting from the General Ledger
in a product called "Hyperion."
This distinction will be important
going forward because Hyperion
offers Lone Star much more than
simply a budgeting tool. It is a
powerful forecasting application
with the ability to run financial
scenarios and statistical models.
Project leaders are excited because
Hyperion will be used to create our
budget for fiscal year 2010-2011!
Training for "subject matter experts"
(those who really need to know the
system) begins in mid-February,
with training for budget-builders
occurring in mid-March. Note: Only
about 120 Lone Star employees
system-wide are involved in
building the budget so most of
us will not be impacted or need
training. But for those of you who
will be involved, training is coming
– watch for it!
New Academic & Student
Services Tools Coming Soon
Oracle brands its academic and
student system tools under the
name "Campus Solutions" and
they include online modules that
support admissions, registration,
payments, advising, financial
aid and instruction. Project teams
have been building the structure
since last fall and components
will be rolled-out on a scheduled
basis over the next 12 months. Of
particular importance to faculty
and students will be the ability to
use the system for spring 2011
classes. Beginning this November,
students will use the new system
to register for spring term classes
and faculty will be able to view
their 2011 teaching schedule and
class rosters. Also coming this
fall is an academic advising tool
which will provide online advising
information to new and returning
Lone Star students. Implementation
of Campus Solutions is by far the
largest and most important aspect
of the new ERP system because
it impacts many core business
activities. Remember the "i" in
iStar! It stands for innovation,
information, interaction, inspiration
and involvement. Be ready!