The Administrative Finance Center at Dartmouth College

Dartmouth College’s Administrative Finance Center (AFC) serves as the central hub for financial operations and administrative support across the institution. Its primary mission is to ensure the responsible and efficient management of Dartmouth’s financial resources, enabling the college to effectively pursue its academic and research goals.

The AFC consolidates various financial functions, promoting standardization, transparency, and compliance. This centralized approach streamlines processes, reduces redundancy, and enhances overall accountability. Key areas managed by the AFC include accounts payable, accounts receivable, procurement, travel and expense reimbursement, and payroll.

A critical function of the AFC is managing accounts payable, processing invoices, and ensuring timely payments to vendors. This helps maintain positive relationships with suppliers and secure favorable terms for the college. Similarly, the accounts receivable department handles billing and collection of payments from students, sponsors, and other external entities.

Procurement services within the AFC oversee the purchasing of goods and services required by various departments at Dartmouth. They strive to obtain the best value for the college by negotiating contracts, leveraging buying power, and ensuring compliance with ethical procurement practices. The travel and expense reimbursement unit facilitates the reimbursement of employees for authorized business travel and related expenses, adhering to established policies and guidelines.

Payroll administration is another essential responsibility of the AFC. This includes processing employee salaries, wages, and benefits accurately and on time, while also ensuring compliance with all applicable tax laws and regulations.

Beyond these core functions, the AFC plays a vital role in supporting Dartmouth’s financial reporting requirements. It compiles and analyzes financial data, prepares financial statements, and assists with audits, ensuring the college’s financial integrity and transparency to stakeholders.

The AFC utilizes advanced technology and systems to manage its operations efficiently. Implementation and maintenance of financial software systems are critical components of their activities. This allows for automated workflows, improved data accuracy, and enhanced reporting capabilities.

The staff at the AFC are dedicated professionals with expertise in various financial disciplines. They provide guidance and support to departments across Dartmouth, helping them navigate complex financial processes and ensure compliance with policies and regulations. Continuous training and professional development are emphasized to keep the staff up-to-date with evolving best practices and regulatory requirements.

In conclusion, the Administrative Finance Center at Dartmouth College is a vital component of the institution’s infrastructure. By providing centralized financial management and administrative support, it plays a crucial role in ensuring the college’s financial health and enabling it to achieve its academic and research missions.