Account Forecasting Tool

The Forecasting Tool (FT) was developed out of the need for administrators to have a means to accurately project the availability of funding on grant, program, and gift accounts as well as be able to save the calculations for later reference. At the time of the FT’s development ASU’s Workday financial system only had the capability of being a report generator and lacked the functionality of calculating expenditure projections. This required units across the university to utilize their own financial calculation tools that can lead to increased error, increased time reviewing financial figures, and a lack of standardization in financial management.

The FT is not meant to be a replacement for Workday. It is intended to be a complimentary tool to be used in conjunction with Workday. The FT is also not meant to be a monthly audit readiness reconciliation tool that is currently available in Workday. The FT is meant to be a tool for administrators, not faculty, and requires specialized training to effectively utilize. The FT contains a significant number of features that are not readily apparent and while the training is not necessarily intensive, it is required to become proficient in use. It is the purpose of this guide to encapsulate these trainings for FT beginners and for those needing later reference.

This sitelet contains training material to assist first time users with gaining access and understanding the functionality of the FT. It is recommended that users first view the 10 part video series prior to using the FT. The FT Training Guide should then be used to move step by step through the FT as users practice each section of the guide. The FT is highly integrated with modules building off of previous ones, as such the guide is meant to be read in its entirety and not used as an initial source of quick reference. As future FT enhancements are launched please refer back to this sitelet for updated guides or videos.

Instructions for Access

Training Guide

Training Webinars

 

Forecasting Tool Departmental Liaisons serve as the main point of contact to answer Forecasting Tool questions for other users in their units/colleges, and may also serve as a resource for units without a Liaison in-house.

Find your department liaison

 

This dashboard shows performance data about the KED Account Forecasting tool such as usage by college, department or person; speed; and database load times which are targeted to be done by 7am.

Account Forecasting Tool Usage Dashboard