Implement a common, standard Human Capital Management (HCM) and Financial Management System (FMS) and auxiliary support 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 will be a large project undertaken by The University of Texas System Shared Services. Our ultimate goal is to, over time:
- Realize cost savings through economies of scale;
- Obtain process improvements through standardization; and
- Adopt a universal application of Higher Education best practices.
In addition, the implementation will change the way the universities each serve faculty and staff by providing web-based solutions and tools that improve the ability to access reliable, accurate, timely and streamlined information.