Redesign Policies & Processes
Context, Progress to Date, and Next Steps
The Elevate Team has partnered with the functional team leads to prioritize the key business processes, policies, and procedures that require updates. The initiative plans to target processes that will improve service to faculty at Baylor. The high priority business processes and policies that have been identified are below.
- Proposal Development and Submission
- Signature Delegation
- Advance Accounts (Pre-Award Spending)
- Award Set-Up and Modification
- Financial Reporting
- Invoicing and Letter of Credit Draws
- A/R and Cash Management
- Cost Transfers (Departmental Adjustments)
- Award Closeout
- Subrecipient Monitoring
Performance Metrics will continue to be defined and developed throughout the redesign process.