The KFS Project will add more modules to the Kuali Financial System during its Release 3 development in the coming year. Each module is designed to be an independent service that may be chosen for implementation according to the needs of participating institutions.
KFS Release 3 is scheduled for December 2008.
Enhancements to Purchasing / Accounts Payable
- Process and transmit a Quote
- Create Quote lists
- Assign a Requisition to a Buyer
- Commodity Codes
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- Receiving Module
- Electronic Invoicing
- Sales/Excise Tax
- Multiple Purchase Orders
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Effort Certification
- Report Period Setup
- Load Effort Certification Report Data
- Effort Certification Quotes
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- Create Effort Certification Documents
- Salary Expense for Effort Certification
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Budget
- Fiscal Year-based Budgeting
- Annual/Monthly amount breakdown
- Salary Setting by Account or Organization
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- Automated Benefits Calculations
- Online Reports Imports (Non-Compensation related)
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Accounts Receivable
- Invoice maintenance
- Customer maintenance
- Reports
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- Payment processing
- Electronic payment distribution
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Capital Assets
- Maintenance of assets
- Inquiry to asset database
- Bar coding Inventory process
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- Depreciation
- Space management
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Kuali Endowment Management (KEM)
- Investment Tracking and Reporting
- Beneficiary and Donor Reporting
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- Endowment and Similar Funds Management
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