ITB as a Soon-to-Be Cashless Society for Financial Transformation

By Adi Permana

Editor Adi Permana

BANDUNG, itb.ac.id—Currently, the finance system at Institut Teknologi Bandung (ITB) has been improved to support ITB academic community activities, significantly transforming ITB into a cashless society. The improved system is also integrated.

"The advancement of digitalized financial systems outside (of ITB) such as banks also supports this improvement," said ITB Vice Rector for Finance, Planning and Development (WRURK), Ir. Muhamad Abduh, M.T., Ph.D., at the first-semester meeting of the Academic Year 2021/2022 at the Bosscha Observatory, Thursday (2/9/2021).

The cashless society concept that is being developed covers the fields of education, research, community service, and campus operations. One of the examples of the services which can be used is the student member card (KTM) connected to electronic money, QR code, corporate credit card, VAD card, and VAK. Through non-cash transactions, the entire system at ITB is expected to be faster, easier, and more integrated.

Besides informing the cashless society plan, Ir. Abduh also revealed the multicampus program's latest news. Located in Arjawinangun and Watubelah, the ITB Cirebon campus was developed to increase tertiary education rates in West Java and support marine technology research.

"Development at ITB is based on the ITB Development Master Plan 2020-2025," said Ir. Abduh. ITB plans to develop a multi-campus-based State-University with Legal Entity (PTN-BH)'s governance system that is integrated and productive with the latest technology.

The plan was then formulated into five strategies: institutional transformation, human capital transformation, education revolution 4.0, innovation system with superior scientific culture, as well as science and technology transfer and commercialization.

Then, the strategies that have been prepared are executed based on the ITB’s Value Chain System. "We see that education, research, community service, coupled with innovation and entrepreneurship are the main activities that need to be supported," said Ir. Abduh.

He then added that finance governance, development and management of human resources and facilities, procurement of goods and services, as well as planning and development are the keys to supporting ITB's potential in the future.

Each component in ITB is indeed integrated through a centralized planning system. The closed cycle is needed as a monitoring mechanism starting from the Strategic Plan (Renstra) to the evaluation.

"There are also information systems supporting activities such as Siskeu, Sispeg, SIPPM, and the SI-X academic system," he continued when discussing the flow of planning and performance measurement data.

If all elements have been well integrated both internally and externally, Ir. Abduh is optimistic that these things can impact the planning, procurement, and finance systems.

Reporter: Sekar Dianwidi Bisowarno (Biological Engineering, 2019)
Translator: Zahra Annisa Fitri (Urban and Regional Planning, 2019)