DU Finance Department STRATEGY MAP

1. DU Finance Department STRATEGY MAP Aim: To support the University, in achieving its strategy, specifically to be financially sustainable and responsible To provide high quality financial management, advice and support To ensure financial compliance and accountability To run effective and efficient services for financial transactions Objectives management staff students external organisations* Accurate, timely & well-presented information Advice for decision making and interpretation of data Advice on how best to engage with processes Lean and transparent processes Guidance on financial matters Paid correctly and on time Friendly and accessible service Training on financial matters Value for money Transparent processes well explained Accessible and helpful responses to enquiries Online, modern services Efficient and effective financial operations Good professional practice Compliance with their requirements Stakeholder expectations Collecting income (inc research grants) Paying staff and suppliers Recording capital expenditure Managing cash requirements Risk management Tax compliance Research grant compliance Statutory returns and reporting Planning and budget setting (capital and revenue) Reporting performance with commentary Advising on development of new projects Processes to deliver Professional networks Resources (continuous development) Procedures High quality finance staff recruited, retained, developed and motivated IT systems and infrastructure Other departments – academic and professional service Physical infrastructure * Including HEFCE, research and other funders, banks, statutory authorities, suppliers and customers