Solutions to Support Unlimited Possibilities
Implement a common, standard Human Capital Management (HCM) and Financial Management System (FMS) using the PeopleSoft system that provides access to accurate, timely, and relevant data while using recognized best business practices in a shared services environment in support of the University of Texas system.
The Shared Services Enterprise Resource Planning (ERP) FMS and HCM system, known as UTShare, is a large project undertaken by The University of Texas System Shared Services to replace DEFINE, HRMS, Point Plus and other business application systems with Oracle PeopleSoft ERP software. The UTShare project implementation includes seven participating institutions including, UT Arlington, UT Brownsville, UT El Paso, UT Permian Basin, UT San Antonio, UT Tyler and UT System. UTShare’s ultimate goal is to, over time, achieve:
- Cost savings realized through economies of scale;
- Obtain process improvements attained through standardization; and
- Adopt a universal application of Higher Education best practices.
In addition, the implementation will change the way the universities serve students and process business transactions by providing web-based solutions and tools that improve efficiency and productivity through better data management and reporting capabilities.