On an older version of PeopleSoft? Want to improve reporting, close cycle, compliance or audit processes?
It is time to upgrade and take advantage of the robust features and functionality in PeopleSoft version 9.1.
Here are some key facts to be aware of…
With the latest release of PeopleSoft Financials, BTRG clients are seeing increased employee productivity and vast improvement in the period close processing. Oracle has also delivered automated compliance monitoring and financial controls with PeopleSoft Enterprise Financials .
With Oracle’s PeopleSoft 9.1 being the most significant release of the application in the last ten years or so, many of our clinets are de-customizing when upgrading and thoroughly exploring all the delivered functionality of the product. A very interesting fact is that the adoption of PeopleSoft 9.1 is over four times faster than previous PeopleSoft releases across all products according to Oracle.
Here are some of the Details…
The PeopleSoft Feature Pack offers significant new features and capabilities to customers prior to their inclusion in the next PeopleSoft Enterprise release – Version 9.2. Here are some examples of capabilities our clients are utilizing.
For clients using Hyperion and PeopleSoft there are integrations that streamline the financial planning and period end close processes. Oracle’s Hyperion Planning is now integrated to PeopleSoft Financials 9.1 enabling organizations to plan and manage organization budgets at all levels. The Oracle Hyperion Financial Close Management can help accounting departments improve the management of the period close tasks. This new solution is now integrated to PeopleSoft Financials to enable users to execute processes in PeopleSoft and update related tasks in Hyperion Financial Close Management.
Internal Controls – For those who are looking for functions around compliance and internal controls Oracle has extended the automation of financial controls through the expansion of the configurable and graphical approval framework and financial audit trail in the financial flows.
- Sharpen your pencils…
Project Costing – Many of us have been dealing with the massive amounts of data that accumulate in the “proj_resource” table. There is now functionality in the Project Costing module that provides accelerated financial processing of large project data volumes. For clients using the entire ESA suite the management of complex revenue contracts is streamlined with a new summarization and variance pricing framework associated with transaction collection, costing and re-pricing.
Asset Management – Often put on the back burner is the AM module. With today’s ever changing regulatory and statutory guidelines there is a need for a flexible asset management system. The addition of configurable “bonus depreciation” rules in PeopleSoft Asset Management will allow organizations to lower the cost and effort of adapting to new guidelines and legislation as soon as they are enacted.