What is Kuali?
“Kuali” is a Malaysian word which refers to a small wok. A wok is a versatile cooking tool; although it is used primarily for stir-frying, it can also be used for steaming, deep frying, braising, stewing, smoking, or making soup.
As Versatile as a Wok…
Although the Kuali Financial System cannot be used for cooking purposes*, it is as versatile as a wok:
- Versatility in Development: It has been developed by a group of versatile institutions of higher education and other organizations that have similar financial processing and reporting needs. The Kuali Foundation includes several UC campuses (UC Davis, Irvine, Santa Barbara, Office of the President), other public universities (Colorado State University, Indiana University), private universities (Cornell University), and a community college (San Joaquin Delta College). The various perspectives from these institutions of higher education allow us to develop systems that address the increasingly complex world of university finance and accounting.
- Versatile Modules: Kuali’s modular design includes a base system of Chart of Accounts (COA), General Ledger, Transactions, Reporting, and Workflow. Additional modules that will be implemented include: Accounts Receivable, Budgeting, Purchasing, Accounts Payable, Capital Assets Management, Endowment, Enhanced Decision Support/Reporting, Labor Distribution, Pre- and Post-Award Research Administration, Cash Receipting and Disbursement.
- Versatility in Routing and Business Rule Development: Kuali features flexibility in establishing business and routing rules which will make it a sustainable financial system into the future. For example, the Kuali Financial System will give you the ability to ad hoc route to an individual or to a workgroup.
“Kuali” is a Malaysian word which refers to a small wok. A wok is a versatile cooking tool; although it is used primarily for stir-frying, it can also be used for steaming, deep frying, braising, stewing, smoking, or making soup. As Versatile as a Wok… Although the Kuali Financial System cannot be used for cooking…