KFS' modular design includes a base system of Chart of Accounts, General Ledger, Transactions, Reporting, and Workflow. Additional modules that can be implemented as a school identifies a need include: Accounts Receivable, Budgeting, Capital Assets Management, Endowment, Enhanced Decision Support/Reporting, Labor Distribution, Purchasing/Accounts Payable, Pre- and Post-Award Research Administration.

The baseline modules became available for download October 13, 2006.