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PeopleSoft Financials is a client/server financial management designed for larger organizations. Features enable organisations to control, monitor, administer, and report on financial information, accounting, and project tracking.OraclePayroll and Compensation Management Streamlined2018-12-20T16:01:55.105ZPeopleSoft Financials is currently being used to house payroll/compensation data as well as provide back-end transactions relating to payroll/compensation. Currently, PeopleSoft Financials is only being used by our Finance dept for payroll/compensation purposes. PeopleSoft Financials currently allows us to address regional issues with various payroll vendors we're currently using by providing the ability to house all vendor data within a single system. This single system allows us to better streamline processes and ensure vendor information is up-to-date and centrally managed.,Central system to house multiple vendor data
Cross-regional security access features
Intuitive UI for Payroll team
Reporting capabilities for audit/self-check purposes,Ad-hoc reporting capabilities
Integration capabilities with various HCMs/CRMs could be better
UI is not sleek/well designed. Looks pretty basic as an end-user,6,Easy, automated pay calculations across multiple countries and regions
Client portals are intuitive and easily navigated
3rd party integrations can be burdensome and time/resource consuming, depending on the vendor,Workday Human Capital Management,Pega Platform, Workday Human Capital Management, SharePoint CRMVerified UserFrom a Functional Perspective - a PeopleSoft Review2018-04-10T15:49:56.546ZPeopleSoft Financials is used at our organization as the primary ERP solution (accompanied by Peoplesoft's HCM and Campus Solutions products). It is used across the whole organization and ensures all areas of the university are integrated and that business processes are standardized across the institution (and automated as much as possible).
We have a few niche products that accompany/interface with PeopleSoft for pieces of business functions such as creating requisitions for purchase orders, creating and approving travel requests, and overseeing admissions applications. However, core business operations and recording to General Ledger remains within PeopleSoft exclusively.,Integrations. It is relatively easy to integrate and interface with other systems to maximize your solution.
Flexible. PeopleSoft works for smaller and larger organizations and works well module-by-module.
Mature. PeopleSoft is a mature product and is well vetted and documented.,The system could be more user-friendly and more visually striking. Its interface (although improved greatly with FLUID) appears very outdated, years behind its technical capabilities. It would be more impressive to users if it were more modern and intuitive.,9,At my level in the organization, I'm not able to comment on this question.,Higher Education User Group (HEUG),QuickBooks Pro,Concur Travel and ExpenseCassandra Rayne GrossKeep your PeopleSoft and Content2018-03-02T20:35:09.856ZWe used it as an organization-wide solution. We mainly used it as a controller solution but used the highly customizable database to run payments, create invites and custom reports.,Budgeting and Forecasting
Profitability Analysis
Scheduling and managing employees
Payroll and timesheets,Some of the reports are not as customizable as we would like
Not a super modern display/not intuitive
Definitely need training can't jump in unexperienced,9,This has had great ROI on our organization as we are able to manage the efficiency of the team,Not a member of any user groupsChantelle ChaseOracle - necessary demon2018-05-01T16:32:39.804ZIt is used across the organization to manage the accounts of the various academic and administrative departments, accounts payable and student financials.,Single source of record for financial information
Manages payroll
Student financials,User interface
Reporting
Data access, searchability and visualization of information
Mobile friendliness,5,Single source of information - this is useful for an institution our size as we don't have a huge team to consolidate financial information for reporting
Runs the ship - as with my earlier comment, this is very important for us to keep on top of compliance, reporting and accounting needs
Takes a lot of care and feeding - it does take a lot of technical resources to maintain the system, which negatively impacts some of the business needs,Not a member of any user groups,Concur Travel and Expense,Canvas, Concur Travel and Expense, Salesforce Community CloudVerified UserGreat for complex Payroll!!2018-04-19T20:12:37.438ZWe used PeopleSoft Financials at my previous company for our payroll. We had over 30 payroll specialists that used PeopleSoft Financials in our payroll department.,PeopleSoft Financials does a great job of delivering detailed payroll information.
It is great for companies that require complex payroll accounting
It has a very easy interface for pulling payroll information from the system
Payroll entry and payroll changes are easily made due to its ease of use for users,PeopleSoft Financials could use the room for improvement by simplifying the interface for users to be able to access for payroll reports. It seemed that there were always a lot of steps in order to get to one report.
PeopleSoft Financials seemed very complex unless we had an IT guy that would create out queries beforehand.,8,PeopleSoft Financials helped our organization input complex payroll information while other systems would have failed us. I consider this a great return on investment.
It has helped our payroll specialists enter data easily by its easy formatting for the payroll specialist.,Oracle Applications Users Group,,QuickBooks Pro, QuickBooks Premier, OnRampVerified UserConstant updates and fits your organization instead of forcing your organization to fit!2017-12-08T15:38:40.896ZPeopleSoft Financials is being used across the whole organization as the system of record for financial transactions. We heavily utilize the General Ledger, Asset Management, Purchasing and Accounts Payable modules to track and record all financial transactions within the organization. We utilize the Accounts Payable module to track and pay our vendors and connect that with the General Ledger to facilitate budget planning and ensure the financial health of the organization.,Customizable - PeopleSoft Financials allows for an incredible amount of flexibility and customization which is well suited to many industries including the healthcare and utility sectors.
Platform Agnostic - PeopleSoft Financials has adapted to the shifting environment of multi-form-factor devices and the challenges that arise with mobile browsers and desktop power users by implementing a "Fluid" interface that can be used across all devices
Feature Rich - PeopleSoft Financials includes settings and configuration for virtually any situation that arises within an organization's financial model, with most transactional settings being more than is required by the industry which ensures tracking to the level the organization requires,PeopleSoft Financials does not address the needs of small organizations that do not have a large enough staff to maintain the software or utilize the features it provides as it requires a moderate staff to keep track of all of the transactions and processing
PeopleSoft licensing costs are significant, which are relative to the features provided but in many cases those features may not be necessary
PeopleSoft licensing structures can be frustrating at times when certain modules would allow you to perform the complex task needed but it would require the entire module to be licensed for just that one feature (e.g. Cash Management for loading bank statements in certain formats),9,Positive tracking of ledger information for all areas of the organization. Our organization has multiple business units that require the accurate and complete tracking of transactions and budgetary history going back multiple years, which PeopleSoft Financials has done
Ability to connect with external vendors easily and to export any and all file types and connect to service operations/web services as well as accept and process transactions from external systems has brought a positive impact
PeopleSoft provides the framework to reconcile transactions across the organization and within different business units to provide transparency and transactional history for metrics and data analysis,Boston Area Oracle Service Cloud User Group
Greater Boston PeopleSoft and JD Edwards Regional Users Group
New England Oracle Applications Users Group
Quest International User Group,Workday,Oracle PeopleSoft HCM, Oracle Database 12cBennett WalkerPeopleSoft Financial review2014-12-17T22:08:00.750ZPeopleSoft Financials is a good program. I use it to balance my budget, purchase items and follow up on items ordered. This program is very useful in tracking orders and items ordered.,You are able to see the process from ordering to delivery
Easy to run budget reports
Helps with end of year spending,Reports are a little difficult to read
Would be better if they could make the font bigger when printing our reports.,10,Budget tracking
Could make budget reports easier to read and understand. Maybe give the option to make the font larger.,Not a member of any user groups,Datatel,10,Not Sure,Price
Product Usability
Vendor Reputation,I didn't have a voice in the selection of this product,Don't know,I don't know I wasn't part of the implementation,10,9,No,We are now using oracle for travel expences. I was having trouble entering in travel the first time. The staff took time to help me figure out the process and gave me a step by step guide.,Running the reports is pretty easy. It is user-friendly, easy to understand.
Easy to explain to others how to run reports. Can view purchases and see when items have been delivered.
Can order from Staples using PeopleSoft, orders from Staples come really fast using this system.,Putting in travel, but once you have done it a couple of times it becomes easier.,9Christina O'SteenA worthy ERP system with lots of flexibility, but at a cost2017-11-06T19:46:36.508ZWe use PeopleSoft Financials as our ERP system, across the entire company. Modules that we use are Billing, Contracts, Project Costing, ePro, sPro, Purchasing, Payables, Expenses, and GL.
Due to our business needs, we have customized each module to varying degrees in order to accommodate different lines of business or services that the company provides. We are not bound by limitations imposed by PeopleSoft Financials, but have the flexibility to customize as needed to meet the changing needs of our business.
My review is mainly from technical perspective due to my experience supporting PeopleSoft Financials.,With a good technical support team, PeopleSoft Financials can do just about anything that a business needs. In my experience, there is no limit to what can be accomplished, but good requirements from business is a must (yes, this applies to any software customization) in order to achieve good outcome and to prevent development from spiraling out of control.
Integration with external/3rd party systems can be accomplished somewhat easily. From using the standard integration method of using flat files (easy) for batch processing to web services (challenging) for real time data sync is all possible and all necessary elements are available with any implementation of PeopleSoft.
PeopleSoft's development platform, PeopleTools, gives developers access to every aspect of PeopleSoft Financials in order to meet the needs of end users. Tweaks can be made to control the look and feel of any component and page. If needed, how data is presented on online pages can be easily controlled without altering the backend data. Flexibility that is made available in PeopleSoft is tremendous.,PeopleSoft is owned by Oracle so any issues or bugs need to be logged through a service request (SR) via My Oracle Support. It is cumbersome to log a SR and support that is provided isn't always helpful, particularly since Oracle will not help with any customization issues. Typically lots of trace files or documentations are required before a support engineer can provide relevant input.
Users often got frustrated with pages that weren't as user friendly as it could be. Users want similar experience of easily navigating through Amazon web sites, but many components/pages in PeopleSoft requires user training. Then again, the ERP system is technical in nature so it shouldn't be like buying books on Amazon...
I mentioned the many ways to perform data integration, but web service route takes a highly skilled technical developer to do it well. There are so many pieces to the puzzle that it can be quite challenging. Also, using RESTful web service is limited by PS not supporting OAuth authentication protocol.,8,Our core users are satisfied with capabilities in PeopleSoft Financials. They may initially find it less intuitive at first, but with some proper user training, users find that this is good product.
Flexibility with ability to customize allowed us to implement several 3rd party software without difficulty.
Upgrading to new release is a complicated and can be a drawn out process. Cost of upgrading can be high compared to other smaller ERP systems.,Concur Travel and Expense, Workday Human Capital Management, ServiceNowVerified UserMy 2 Cents2017-11-01T21:29:25.818ZOMG Peoplesoft Financial is the product made of unicorn farts and pixie poop. It's magical in every way imaginable. It's used company wide to help standardize our transaction process for our exhibitors.,The dev team is constantly improving the functionality the PFM features.
Its free flowing and transparent
Increases productivity business wide,Its not easily customizable
The implementation can be a pain,9,Saves every transaction and act performed for a clean, easy to read accounting for auditing purposes.Verified UserYou, Me And Prism Review: The Truth2013-12-02T17:53:30.042ZReport Running : Overall settings provided to have numerous "Run Codes" is a great way to multi-task. I also like that each run can be unique to what information is needed to pull and how it is formatted for review
New Window : I use this all the time when gathering information from different sections of the program. It saves me a lot of time when switching screens.
Billing : Invoicing is a breeze despite different methods of billing jobs,Constant login to a job can become tedious.
I would like to see a full format where a job can be looked at for estimate/billing/approvals all under 1 screen (or platform). Prism gets a bit tedious when you need to pick a function first and then change the job. I think it would be easier if you were able to pull a job and then pick a function.
As all programs - glitches exist. They are sometimes unexplainable, but PRISM seems to keep a good record at maintaining a forward positive movement on upgrades. I would like to see a speedier process time as well as less crashes.,With the ease of using reports, I have been able to manage accounts by categories increasing my awareness for profitability.
I would like to have a clearer system of entering time/materials into the system. Something to track outside costs before an invoice has hit as a notification would be awesome.,7,7,100,1,Financial
Organization by categories
Reports, reports, reports,Using it with an electronic job system, it matches nicely with "Process",Integrating the system into more of a client forward facing systemLaura LeistikowPeopleSoft Financials Streamlined Financials2015-03-28T22:27:06.659ZThe PeopleSoft Financials and Procurement (FSCM) is being used by the entire company that I work for. The application is used to streamline the entire procure to pay process. PeopleSoft has robust workflow that is being utilized to ensure that all requisitions have the proper approval based upon our expenditure authority policy. The system is tightly integrated which allows for seamless integration between the Procurement and Financial modules.,PeopleSoft has great development tools to help support the application. The application designer is a robust tool that provides the PeopleSoft Developer a powerful user interface to help support the PeopleSoft Financials application.
PeopleSoft Financials delivers robust financial reporting capabilities. With the use of nVision, queries, BI Publisher, and trees the Finance team can create all their reporting needs in an automated fashion.
PeopleSoft Financials has streamlined interfaces from the subsystems to the General Ledger. There is drill back capabilities from GL to the various subsystems to perform streamlined account reconciliations.,The newest version of PeopleSoft nVision requires that the client version of Excel to be 64 bit. Many companies do not support 64 Bit Excel. It would be nice if they kept the tool on the 32 bit Excel.
Oracle Support is not always timely in the responses to product questions or bugs discovered with PeopleSoft Financials. It would be nice if Oracle provided a Service Level Agreement for encountered bugs.
The archiving solution with PeopleSoft Financials is not very robust. It is cumbersome to move historical data from the transaction tables to the archive tables. Also, it would be nice if the archive tables were upgraded in the same manner as the transactional tables.,9,Provides better controls to ensure that spend does not increase beyond the PO amount.
sPro reverse invoicing provides a mechanism to only pay our staff aug firms for only the hours that entered into PeopleSoft. There is no more reconciliation between the vendor invoices and the hours that were charged within the internal time tracking system.
PeopleSoft Financials increases employee efficiency through the use of dashboards and work centers.,Vendor implemented,10Verified UserPeopleSoft - Perfect fit for Custom Needs2016-09-27T15:02:20.293ZPeopleSoft Financials combines years of experience with proven processes that allow the business to operate smoothly. While most of the delivered functionality fulfills most of the organization's needs, our technical specialists create customizations that extend the usefulness of the product.,Robust modules
Easy to use interface
Highly configurable and customizable,It is not in the cloud
Expensive implementation
Long upgrades,9,High ROI for on prem solution
Highly customizable,Workday Financial Management,Workday Human Capital ManagementVerified UserPeopleSoft from a Long Time User's Perspective2015-03-30T16:54:44.386ZPeopleSoft Financials provides core accounting services for our university. We share our instance of PeopleSoft between multiple universities in our system. It allows us to standardize business practices across schools.,The product is built to support best practice standards.
The product provides a robust amount of functionality.
High levels of customization are possible if necessary.,The web-based interface is extremely dated.
Software installation and on-going maintenance is extremely complex and is need of simplification.
The reporting toolset needs better integration into the core product. The BI Publisher tool for creating formatted reports is horribly outdated and no longer integrates well with Microsoft Office. nVision is extremely dated and limited in its usefulness.,8,ROI for ERP implementations is not a reliable indicator as to the success or failure of the implementation since most areas of the organization do not generate revenue.
In our initial year of implementation, we are still working through gaps in the implementation. We are generally about even in terms of the utility of the ERP vs the legacy system. We should be exceeding the capability of the old system in another year.,,1600Verified User
Unspecified
PeopleSoft Financials
201 Ratings
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