Since 2017, UC Merced, in partnership with UCOP, has been evaluating various options to replace the university’s existing financial system. After due diligence, a decision was made in September 2018 to replace our financial system with an Oracle Software as a Service-based integrated financial system.
In April 2019, the Division of Finance and Administration kicked off its Alpha Financials Project. The goal of Alpha Financials is to ensure UC Merced has the infrastructure in place to deliver high-value, reliable, and easy-to-access financial services that allow the campus to focus on our mission of teaching, research and public service.
To do this, Alpha Financials will cut ties to the legacy financial system hosted at UCLA and replace it with Oracle Cloud applications, as well as transform how we track spending, perform financial reporting, and improve auditability across the university to align with the UC system’s restructured Common Chart of Accounts (CCoA). The new CCoA will improve financial management at UC Merced and across the UC system.
The project team has completed the planning and initial discovery phase and are underway with design and build sessions for the future system, which is scheduled to go live in late 2020. Additional updates will be provided on this page and via email communications at key points throughout the project.