For several months, Ohio State has partnered with Workday on a new financial management system to standardize and simplify the university's processes and reporting. Impressed with its potential, we conducted a comprehensive evaluation and have since decided to incorporate two other core administrative systems. All three financial, human resources and student information will be unified into a single Workday system that will transform the way we do business.
We are pleased to announce that over the next five years the Workday system will replace PeopleSoft, which we initiated almost 20 years ago, and other administrative systems. The official project kick off will occur in March.
Improvements from this initiative will touch every corner of the university. This transformation will allow us to be more agile and mobile in the way we use data and serve our students, faculty and staff. When complete, the comprehensive system will be more consistent and easier to use.
We have asked John Hrusovsky to manage this enterprise project under our direction as executive sponsors. John has overseen the rollout of enterprise management systems here and has broad experience in implementing Workday at other universities. His experience will help ensure success as we aspire to lead higher education in increasing our operational efficiency.
A project of this magnitude involves extensive collaboration among all the offices that utilize these systems and prompts numerous questions. In coming weeks, you will hear more details about the project kick off, the timeline, the implementation and how this initiative aligns with Ohio State's strategic planning. We will keep you informed throughout the process.
We appreciate your support and extend a special thanks to all who helped evaluate Workday and envision its possibilities.
Bruce A. McPheron, PhD
Executive Vice President and Provost
Geoffrey S. Chatas, MPhil, MBA
Senior Vice President for Business and Finance and Chief Financial Officer