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Financial Services

Cost Transfer Tool

Overview of Cost Transfer Tool
The cost transfer tool is a web-based form and routing system used to process both salary and non-salary cost transfers. The tool links the financial software WISER into the processing system SFS and creates an automatic request of transferring actual expenditures.

Features of the Tool

  • Integrates to WISER so that when looking at a transaction in WISER, a transfer can be initiated right from the reporting system
  • Validations are performed to ensure the data is clean and valid when going to the General Ledger (GL)
  • Provides a custom workflow that requests signatures for approval based on the content of the transfer
  • Provides search features so users can find transfers they have made in the past
  • Significant reduction in time, completely electronic process
  • No paper routing, no printing out of forms, no manual signatures
  • Validation of account coding at the time of entry

All questions regarding the cost transfer tool can be directed via email to