Transcript DURHAM UNIVERSITY STRATEGY MAP

DU Finance Department STRATEGY MAP
To support the University, in achieving its strategy, specifically to be financially sustainable and responsible
Aim:
Objectives
To provide high quality
financial management,
advice and support
To ensure financial
compliance and
accountability
management
Stakeholder
expectations
staff
external organisations*
Guidance on financial
matters
Advice for decision making and
interpretation of data
Paid correctly and on time
Transparent processes
well explained
Friendly and accessible
service
Accessible and helpful
responses to enquiries
Training on financial
matters
Online, modern services
Lean and transparent
processes
Value for money
Efficient and effective
financial operations
Good professional practice
Compliance with their
requirements
Planning and budget setting (capital
and revenue)
Risk management
Collecting income (inc research grants)
Tax compliance
Paying staff and suppliers
Reporting performance with
commentary
Research grant compliance
Recording capital expenditure
Statutory returns and reporting
Managing cash requirements
Advising on development of new
projects
Resources
(continuous
development)
students
Accurate, timely & wellpresented information
Advice on how best to engage
with processes
Processes
to deliver
To run effective and
efficient services for
financial transactions
Procedures
Physical
infrastructure
Professional
networks
High quality finance
staff recruited, retained,
developed and
motivated
IT systems and
infrastructure
Other departments –
academic and professional
service
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* Including HEFCE, research and other funders, banks, statutory authorities, suppliers and customers