Financials in the Cloud

Ariel view of KU campus showing a beautiful sky and focus on Frazer Hall

Modules within Financials in Cloud (FITC)

Procure to Pay 

Oracle Procurement Cloud Is used to streamline the source-to-pay process through automation.


The General Ledger is the master database with all transactions at the University; accessed through a module in FITC.

  • Transactions in FITC ultimately result in a journal entry appearing in the General Ledger
  • Miscellaneous journals are entered by Central Offices 
  • Although the GL is impacted by all FITC transactions, the GL is used by Central Offices
  • GL Documentation 
  • GL Forms

 Fixed assets are tangible assets brought in service for business use and are not expected to be converted to cash in the near future.

  • Fixed Assets module is a complete front-end module that captures and tracks the characteristics of the University's Fixed Assets. 
  • Fixed Asset module is maintained by Central Offices for Research and State
  • Fixed Assets Documentation 
  • Asset Forms

Oracle Transactional Business Intelligence.

  • Contains real time reporting capabilities including dashboards
  • Used by Central Offices to perform daily business processes
  • Non-Central Offices use OAC for reporting

Project Portfolio Management (PPM) supports the full lifecycle of project and portfolio management with a single, accurate view of all project-related activities. Oracle projects integrates with applications, including Oracle Financials, and Procurement.


  • Delivers project transparency
  • Includes organization of project financials, contracts, and billing to project management - to project resource, task, and grants management
  • Provides high-powered multi-dimensional analytic cube drives critical insight into project performance health and trends and enables all project stakeholders to monitor, track, and improve performance and profitability
  • Project Portfolio Management is maintained by KU Office of Research
  • Grant Documentation

Invoices and related receipts are created within the receivable module generating accounting data that is utilized to manage this aspect of our business.

Receivables Users: