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National Association of College and University Business Officers

Last modified: Monday, June 9, 2008

National organization honors Indiana University with its Innovation Award

June 9, 2008

BLOOMINGTON, Ind. -- The National Association of College and University Business Officers (NACUBO) is presenting Indiana University with the association's 2008 Innovation Award.

The NACUBO Awards program identifies and encourages individual excellence and innovation in the management of college and university business and financial affairs. Nominations are accepted year-round, with the selection process held annually in the spring.

Indiana University will receive the award, which recognizes process improvement and resource enhancement, for the Kuali Financial System (KFS). The KFS project is working to create a comprehensive suite of financial software that meets the needs of all Carnegie Class institutions.

With two major functionality releases completed and a third just around the corner, KFS demonstrates that higher-education-specific software can be developed through the successful collaboration of a community of institutions.

"The Kuali Project has been a wonderful experience for Indiana University," said Kathleen McNeely, associate vice president and executive director of the Office of Financial Management Service. "Collaboration with our nine current partners has taught us how to effectively combine forces, creating synergy with long term benefits for the higher education community. Indiana University is very proud to have won this recognition for our role in the Kuali Financial System."

Barry Walsh, associate vice president for enterprise software in the Office of the Vice President for Information Technology, added, "While Indiana University is being recognized by NACUBO, the real winners here are higher education institutions and particularly those that are choosing to invest in themselves with these collaborative initiatives. We are all learning best practices from each other and providing a great source of professional and personal pride for our wonderful staff that are making these initiatives happen."

The award will be presented at the NACUBO Annual Meeting in Chicago on July 12.

"With the Kuali Financial System, Indiana University exemplifies how colleges and universities are working diligently to operate efficiently and to save money," noted John Walda, president and chief executive officer of NACUBO.

NACUBO, founded in 1962, is a nonprofit professional organization representing chief administrative and financial officers at more than 2,100 colleges and universities across the country. NACUBO's mission is to promote sound management and financial practices at colleges and universities.