Kuali Financial System

rSmart Kuali Financial System is truly a better system. The “business” of higher education is unique and complex. The Kuali Financial system was designed from the start to match unique needs of colleges and universities.

Unique Needs that Kuali Supports

• Encumbrances
• Carry forwards and reversions
• Programs and appropriations
• Fiscal year to date and program to date balances
• Fund accounting

Reduced Cost of Ownership

The costs associated with open source software are different AND they are lower.

• Eliminate software license fees
• Eliminate costs related to vendor lock-in
• Reduce implementation costs
• Reduce maintenance and support costs
• Increase investment in technical staff
• Increase employee retention and engagement

Community Benefits Beyond the Software

The collective investment and commitment of the Kuali community benefits each member institution.

• Improve processes through active sharing of best practices
• Seamlessly implement innovations of other institutions
• Gain open access to community resources
• Benefit from an approach that centers on collaborative support rather than vendor control