Introduction / Core Functions

One of the primary functions of this division is to develop, manage, and monitor the university's budget. This involves working closely with various departments and stakeholders to allocate resources for academic programs, research initiatives, infrastructure development, and administrative functions. The division is responsible for ensuring that the university's budget aligns with its strategic goals and objectives. Apart from that, this division is also responsible for managing and overseeing the university's credit and accounts receivable functions. This division plays a pivotal role in ensuring that the university collects rental, services, and other outstanding payments in a timely and efficient manner while maintaining positive relationships with the stakeholders.

Accurate and transparent financial reporting is crucial for both internal and external stakeholders. This division is responsible for preparing and disseminating financial statements, reports, and analyses that reflect the university's financial performance. This information aids in decision-making, accountability, and compliance with accounting standards.

For many students, navigating the financial aspects of their education, such as fees, tuition payments, sponsorship, and invoicing, can be complex. This division provides student financial services to assist with these matters, helping students access and manage their financial resources for their education.

This division is responsible for managing the university's procurement processes, from identifying needs and overseeing the procurement of supplies, equipment, and services. The primary objective of the Procurement Division is to maximize value for the university while adhering to established procurement policies and procedures.

One of the primary functions of this division is managing the payment process including salaries, vendor payments, and other financial obligations. This division ensures that the university meets its financial commitments accurately, on time, and in compliance with regulatory and contractual obligations. Some key responsibilities of this division include Invoice Processing, Payment Authorization, Compliance, and Reporting. 

Besides that, this division also engages in investment activity to support the university's growth and sustainability. This includes assessing investment strategies, and financial forecasting to secure the institution's financial future. 

This division is responsible for handling all aspects related to the receipt, disbursement, and management of collections. It plays a pivotal role in ensuring the efficient and secure handling of money, while also maintaining accurate financial records and complying with relevant financial regulations and policies. Some of the key responsibilities of the Cash Division include collection management, disbursements, petty cash, and banking management.

This division is responsible for developing, implementing, and overseeing financial policies, procedures, and systems that guide the university's financial operations. Some of the key responsibilities of this division include Financial Policy Development, Compliance and Regulatory Oversight, and Financial System Management.