Introducing Rex Finance 2.0

Over the last 18 months, we have been working on implementing a new suite of financial reports utilizing Tableau, a visual analytics platform.  I am thrilled to announce the launch of these new Tableau reports, Rex Finance 2.0. This represents a significant upgrade from our previous data warehouse and reports by incorporating Tableau's powerful features and capabilities.

At UMBC, we recognize the critical role of data in driving informed decision-making and achieving financial excellence. With the implementation of Rex Finance 2.0, we have embraced a more intuitive and interactive approach to visualize and analyze our financial data. The legacy Rex Finance reports will remain available but will eventually be phased out.

Key Features and Benefits:

- Improved Accuracy allowing the campus to have a "single source of truth."

- Options to Expand/Collapse to display levels of the Department and Account hierarchies.

- More flexible filters with the ability to select multiple funds, departments, and projects.

- Ability to show budgets at a point in time.

- Sharing capability allows users to share their dashboard with their selected filters and views, allowing easier collaboration.

To access Rex Finance 2.0, please follow the instructions below:

1. Connect to the "Eduroam" network, a wired connection on-campus, or log on to the VPN.
2. Visit analytics.umbc.edu
3. Click the "Rex Finance 2.0" icon.
4. Select either Finance Summary Reports or Finance Detail Reports.

We'd like to encourage you to take advantage of Rex Finance 2.0 and discover its valuable insights. To support your transition and ensure a smooth experience, please sign up for virtual training on the my.umbc.edu Training Group Page. The initial training will be short and will focus on accessing and navigating the reports. Additional and more robust training will be offered in the following weeks and posted on the same page.

As we embark on this exciting new chapter with Rex Finance 2.0, we acknowledge these two workbooks are only the beginning of a new reporting strategy, as we will deliver more workbooks and features in the future.

Please contact me for any questions or assistance if you need help accessing or navigating Rex Finance 2.0.

Thank you for your ongoing commitment to data-driven decision-making at UMBC. With Rex Finance 2.0, we are poised to unlock the full potential of our financial data, empowering us to make strategic and informed decisions for the continued success of our university.

Best regards,

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