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Project Team Feature: Spencer Jenik
We are excited to highlight the project team members who are making the transformative change to from Banner to Workday a reality. Without their talent and dedication, this project would not be possible.
Spencer Jenik
Associate Director of Budget Operations
What are some of your duties?
- Oversee the university’s operating budgets across all fund sources and related financial transactions.
- Work with data control to manage W&M’s Organization/Cost Center structure and request updates to the institution’s Chart of Accounts / Foundational Data Model.
- Coordinate detailed financial research and analysis to support university priorities.
- Draft formal financial reports and budget request to the Commonwealth of Virginia.
What is your role in the Workday project?
I serve as the budget functional area lead and as a member of the steering committee.
What are you looking forward to following the adoption of Workday?
The thing that I am looking forward to most with the Workday project is the integration of the adaptive financial planning tool. This resource will allow the budget office to greatly increase its financial planning and forecasting capabilities which are currently handled externally in tools like Excel. Another key benefit of Workday will be the ability to view payroll encumbrances. This will allow units throughout the university to more effectively and accurately manage their personnel-related costs.
What is something you would like the W&M community to know about the project that they might not know?
I would like the community to know that the Workday implementation is in a state of ongoing improvement. There are extensive plans to roll out new functionality and capabilities in the coming months and years following go live. The ERP system that is delivered this summer is only the first implementation and will continually improve over time as exciting new integrations and tools are brought online.