System Enhancements
Managing finances shouldn’t be complicated. I will:
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Work with our ERP and software solutions provider to expand and consolidate accounting features to simplify financial processes.
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Streamline financial submissions by integrating fragmented processes—currently split between online portals, emails, and in-person submissions—into a single, user-friendly system.
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Develop a "one-stop shop" for treasurers, making it easier to access and manage financial resources efficiently
Transparency
Students deserve to know how their fees are being used. I will:
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Expand the quarterly financial reports to include detailed funds usage statistics, ensuring students understand how their money benefits them.
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Improve budget reports to provide clearer spending insights, emphasizing the impact of student fees on campus initiatives.
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Work with constituencies and fee-receiving groups to ensure their budgets and spending data are publicly accessible and regularly published.
Club and Constituency Support
Clubs and constituencies are at the heart of student life. I will:
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Enhance treasurer training by offering more workshops, strengthening the Canvas training course, and expanding video walkthroughs and simulation exercises like the Continia Simulation file.
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Develop a sponsorship guide in collaboration with stakeholders to help clubs secure funding and partnerships.
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Increase awareness and accessibility of the AMS corporate credit card for expenditures that cannot be paid through other means, with a dedicated request form.
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Establish a framework and guidelines to help constituencies and clubs set up Endowment Funds for long-term financial sustainability.
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Improve club and constituency spend tracking by implementing dedicated account and dimension codes, and explore the feasibility of auto-generated variance reports through the AMS accounting system.
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Provide process flow templates for subsidiaries to minimize errors in financial submissions.
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Expand VP Finance Caucus membership to include club representation, fostering a stronger collaboration between the AMS and student organizations.