Faculty Financial Inquiry Tool (FFIT) is a web-based tool that allows Stanford faculty and staff to view financial information about their accounts and transaction details. The tool displays data from the perspective of either a faculty member's portfolio (project, task or award owner) or from the perspective of an organization (project, task or award owned by an organization).
About
FFIT calculates current, projected, and forecasted balances for each account using budget, revenue, expenditure, and commitment data. FFIT can also include “what-if” information from the Commitment Management System (CMS).
The Organization Financial Inquiry Tool (OFIT) section provides similar information for funds managed by organizations.
Simple interface
Displays account and fund balances in a consolidated view, showing all accounts on a single screen.
Transaction analysis
Users can drill to view details of commitments, expenditures, revenues, and transfers. Data can be exported to Excel for further analysis.
Accurate and timely data
The system updates nightly from Stanford's financial systems to maintain current information.
Access
- Access FFIT by going to ffit.stanford.edu
- Access requirements differ by user role.
- Privileges granted in Authority Manager are processed overnight. For more information about the authority grant, refer to Shared Application & Non-OBI Reporting Privileges by System.
| Role | Access and Authority to Use FFIT |
|---|---|
| PTA Principal Owner [e.g., Faculty/Researcher/Principal Investigator (PI)] | Individuals who are designated the Principal Owner for a Project, Task and/or Award, are automatically granted access to FFIT. No further authority is required in Authority Manager. Upon logging into FFIT, your homepage will consist of Individual Accounts.
|
| Department Administrators (e.g., local financial staff, department managers, chairs, deans, etc.) | Individual Accounts section: The Individual Accounts page displays accounts where the faculty member has been set up as a Principal Owner for a Project, Task and/or Award account segment. Access is granted using the Financial System > Shared Applications & Non-OBI Reporting > Salary View (Award) OR Salary View (Project-Task) privileges in Authority Manager. To view a specific researcher's accounts, an administrator must be granted a scope of:
Once in FFIT, your home page will consist of the Individual Accounts of researcher PTAs based on your authority grant. Organizational Accounts section (OFIT): The Organizational Accounts page displays organizationally owned Non-Sponsored accounts where the Principal Owner value for a Project, Task and/or Award account segment is generic: CHAIR, COACH, DEAN, DIRECTOR, DIVISION CHIEF, PRESIDENT, PROGRAM DIRECTOR and/or PROVOST. Access is granted using the Financial System > Shared Applications & Non-OBI Reporting > Salary View (Award) OR Salary View (Project-Task) privileges in Authority Manager. To view Non-Sponsored PTAs owned by a specific Organization, an administrator must be granted a scope of:
Access OFIT by going to ffit.stanford.edu and selecting the Organizational Accounts option on the left menu.
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Reporting
For guidance on using the tool and interpreting the data, learn more in Reporting: Faculty Financial Inquiry Tool (FFIT).
