CampusNexus Finance, HR & Payroll Features

Finance, Accounting and Revenue Recognition

• General Ledger – manage ledger, sales tax, currency, year-end closing and financial statements
• Cash and Bank Management – administer bank accounts and bank reconciliations
• Accounts Receivable – oversee tuition and services invoices and incoming payments
• Accounts Payable – process vendor invoices and outgoing payments
• Student Accounting – record information about students including charges, payments, refunds, and adjustments
• Federal Work Study Management – record FWS award amounts and track against payroll information to ensure available funds
• Fund Source Management – create and manage the funding sources available to students, from federal grants, loans, and work-study, to state aid, private scholarships, and institutional grants
• Fixed Assets – track and depreciate assets such as equipment, technology, furnishings, vehicles, and buildings
• Retail & Point of Sales – operate sales for ticketed and special events, bookstores, and dining halls and cafes

Planning and Forecasting

• Budgeting – set up, initiate and view budgets; restrict, freeze and increase/decrease budgets based on real-time needs
• Position Budgeting & Control – project hiring needs, anticipated retirements, associated costs, and implement bulk pay rate changes by effective date
• Project Accounting – provide financial supervision for multi-year capital improvement projects throughout the organization
• Procurement and Sourcing – manage the purchasing process for good and services
• Travel & Expense – define expense policies and automate reimbursement for approved travel

Human Resource Management

• Human Resources – oversee your entire employee base, positions, and workforce alignment
• Faculty Management – manage information, including position type, tenure status, certifications and competencies, teaching load, performance, professional memberships, and knowledge creation
• Payroll – process all aspects of employee compensation, payments, and withholdings
• Employee Benefits – administer multiple levels of benefits based on role, length of employment, standard packages, and elective categories

Reporting and Analytics

• Audit preparation to compliance reporting
• Monthly, quarterly, and year-end closings
• IPEDS outputs
• FASB and GASB standards
• Projects accounting longitudinal summaries and details
• Executive, managerial, and operational dashboards