University names new controller
Issue date: 8/27/10 Section: News
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According to Case Daily reports, over the past several months, Fralic and his staff have enhanced streamlined accounting processes and reduced the time required to complete major quarterly reports by more than 50 percent.
Fralic said he plans to work with his staff to continue to improve accuracy, timeliness and relevance of information provided to campus constituents. If Fralic has tidied up the financial mechanisms of the University so well, it begs the question: What was so wrong in the first place?
"It was fine," he said. "I offered a fresh set of eyes, a new perspective. There was nothing wrong with the way things worked here, but before I arrived, everyone was used to working with older methods." Coming from an environment different from CWRU, he said he was better able to challenge the older routine because he wasn't accustomed to it.
He hopes to implement changes this year that may have a very positive effect on the student body. According to his plan, people from the Bursars office will travel to more convenient locations on campus on different days of the week to answer students' questions. Because everyone at CWRU is touched by the Bursar's office , making these services more accessible will enable students to better manage their tuition-related finances.
"We're a bank for the most part. We work closely with the Bursar's office and the Cashier's office [with billing and loans]." This means his office doesn't choose how to spend funds, but rather manages the payments and the transfers of money.
Before accepting his appointment as interim university controller, Fralic had prior history with the university, having graduated from CWRU in 1991 with a Masters in Accountancy. He went on to teach at Kent State and Cleveland State Universities. At Kent State, he taught accounting for MBA students and taught a similar class to students in the non-profit Masters program at Cleveland State.