Following an administration streamlining process endorsed by the Board of Trustees, one of CEU’s administrative entities (Central-European University LLc.; managing CEU Press and Dormitory) has been merged into another separate CEU legal entity (Kis-Buda Center Nonprofit Kft.) as of June 30, 2017. From that day the Central-European University LLc. ceased to exist and its general successor is the Kis-Buda Center Nonprofit Kft. Units directly affected by the merge have been informed separately in detail. There will be no changes in their operations; this is an administration change only.
How does it affect your financial duties?
Our suppliers have been informed about this merge and they know to issue invoices from July 1, 2017 to the following name and address: Kis-Buda Center Nonprofit Kft., Seat address: 1051 Budapest, Nádor utca 11., VAT number: 10783397-2-41. If the performance date of the invoice is after July 1, 2017 and is not issued to the name of Kis-Buda Center Nonprofit Kft., it will be returned to the supplier for correction as we cannot pay that due to Hungarian regulations. Please make sure that the invoices you receive from your suppliers are in compliance with this.
How does this affect SAP processes after July 1, 2017?
Basically SAP processes remain the same, except two processes:
- In case you purchase accommodation in the Dormitory you have to select Kis-Buda Center Kft (SAP supplier code 1600) as the preferred vendor
- In case you purchase promotional branded products (i.e. pen, bag, bottle, T-shirt, etc) you have to select Kis-Buda Center Kft (SAP supplier code 1600) as the preferred vendor