Finance News

Apr 25, 2025

What’s Different About Summer Billing?

Written by Zeryn Macklin. As summer sessions are in full swing, it’s worth noting that billing policies differ slightly from fall and spring semesters. Here are a few key differences to keep in mind: Key Differences for Summer Financial Aid  Summer financial aid is structured a bit differently, as students must be enrolled in at…

Apr 25, 2025

The Role of a Cognizant Agency

Written by Justo Torres. A cognizant agency plays a key oversight role in the administration of federal funding to organizations, particularly in higher education institutions, non-profits and other entities that receive significant government grants. Its primary responsibility is to act as the main liaison between the federal government and the recipient organization, ensuring compliance with…

Apr 25, 2025

Your Guide to AI at NC State

Written by Fran Lawrence. NC State is committed to providing its employees with the resources they need to utilize Artificial Intelligence (AI) effectively. The AI Advisory Group, created in 2024 under the leadership of the executive vice chancellor and provost and the vice chancellor for research and innovation, is leading this initiative.  A key resource…

Apr 25, 2025

FAI Fiscal Year End Reminders

Written by Brooke Labashousky. Foundations Accounting and Investments (FAI) has a few friendly reminders as fiscal year end approaches: Audit Request Letters Audit request letters will be sent via email by Jessica Cottingham, Foundations Assistant Controller, the first week of June. These letters contain a listing of various documents and information required to be submitted…

Apr 25, 2025

Celebrating Transformation: Supplier Relationship Management

Written by Megan Catt and Sharon Loosman. At NC State University, managing supplier information securely and efficiently is essential to ensuring timely payments, minimizing fraud risk and supporting strong relationships with our vendor community. To support these goals, the Supplier Information Management (SIM) Team in Procurement and Business Services is dedicated to collecting, verifying and…

Apr 25, 2025

Unlock Your Potential With the Business Officer Academy

Written by Maria Fister. Investing in your growth isn’t just good for your career—it’s good for our whole organization. Professional development keeps your skills sharp, opens doors to new opportunities and boosts confidence in your role.  All of us in the Finance Division take professional development seriously. That’s why we developed the Business Officer Academy,…

Apr 25, 2025

May 2025: Business Connections Updates

Thank you for joining the final Business Connections meeting of FY25, which took place on 4/10. While meetings pause until FY26, we’ll continue updates via the Business Connections listserv. FY26 meeting dates are now on the FIN Reporting Calendar. FY26 meetings will resume on 9/11. Please refer to the FIN Reporting Dates calendar for FY26…

Apr 25, 2025

May 2025: What’s New in the Knowledge Base?

If you ever had questions about university business processes, state compliance regulations or finance guidelines or topics (think PCard, MarketPlace, financial reporting, etc.) and didn’t know who or where to go for an answer, you know how frustrating it can be. To assist our campus customers in locating this information, we have developed the Finance…

Apr 24, 2025

May 2025: Announcements, Reminders and Tips

Year End Preparation As we approach the close of the fiscal year, we are beginning year-end preparation activities to ensure a smooth and timely wrap-up. Your cooperation and attention to key deadlines will be essential during this period. Please refer to the Fiscal Year 2025 close-out schedule for critical dates.  Suspense Accounts: Claiming Incoming Payments…

Apr 23, 2025

May ’25 Events

Take a look at the following events and important due dates for the month of May: