After nearly two decades of service, Tennessee Tech’s current Human Resources and Finance applications and products platform — known throughout the university as Banner Human Resources and Banner Finance will transition to a new cloud-based solution called Talon. Given the central role that the current modules play in processing of Tech’s business activities, the university administration has already started transitioning to the new Enterprise Resource Planning (ERP) system, known as Talon. We expect the Talon project to be completed between twelve and eighteen months.
Today, the computer systems used in finance and Human Resources utilize a complex combination of computer software, data standards, and work processes. A move to a modern cloud-based platform gives Tennessee Tech the ability to use an integrated system that promotes real-time communication, data entry efficiencies, enhanced security, automated workflows, and evolving technologies. Talon is the name selected for this new system and represents Tennessee Tech’s continuing journey towards operational excellence.
Cloud-based resource systems utilize the vendor’s expertise in administering the base system allowing Tennessee Tech to focus on innovative processes that add value to the campus community. Tennessee Tech will tap into the vendor’s learned experience and development of best practices from implementations at other universities to help ease compliance with rules, regulations, and industry standards.
The Tennessee General Assembly passed a historic budget in April 2022. Among other items, it allocated $50 million in nonrecurring funding for the UT System and $120 million in nonrecurring funding for other public universities to implement a new common ERP solution. Of the $120 million, each Locally Governed Institution (LGI) including Tennessee Tech will receive $20 million to assist with the implementation. Thank you to our legislators and Governor Bill Lee for making this important investment in public universities across our state. This key investment will transform the way we do business. View the “Key Benefits” page to view the anticipated benefits and why Tennessee Tech must proceed with this change.
Why now?
End of Life. After nearly two decades of service, it is time to move to a cloud based solution.
Prerequisites. A robust human resources and finance system is an essential foundation for a new cloud-based student system which will be required in the future.
Cost Avoidance. The need to continue with third-party appplications will be significantly reduced
through improved standardization of core business processes.
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