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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.My experiences with PeopleSoft Financials.Currently, we are using PeopleSoft Financials to take care of financials and accounting. Considering the size of our company and multiple locations, it was very important to use a software that takes care of all our needs. What works for us is that we have accounting, P2P, budgeting, travel and expense that can be taken care of in one application. So, it acts as one stop shop for all our business needs. It is also very user friendly and intuitive for financial users who are otherwise not very technology friendly.,One of the best thing it does is it is customizable. You can implement any business logic you need. This is one of the very key assets of PeopleSoft Financials. PeopleSoft Financials's accounting methods are in line with industry standards. You can use the process as is and ledger will be taken care of. It supports multiple ways to integrate with other systems.,Whenever new updates are released, please do thorough testing. Please implement mobile friendly version. I mean we need an app version also. Improve the performance of some of the slow pages.,8,One of the positive impacts has been the faster close process. Accounting team is able to close books faster than the usual. Another positive impact is on turning around procurement. Because of three way match, we get less exceptions and never over pay vendors. The only negative thing is paying high cost of maintenance. If we don't have the latest version, the software doesn't help and to keep it latest we are paying high maintenance cost.,No,Oracle PeopleSoft HCM,Oracle SQL Developer, Oracle Hyperion Enterprise Performance ManagementPeopleSoft Financials product review and improvement suggestionIt helps to manage resources and benefits for employees. More employee need to use it in my company so that fewer resources are needed to answer employee general questions. We have rules in place that can answer the majority of employee benefits questions. This product helps my company to streamline, process, and improve productivity. We need to continue educating users broadly to use this product.,Budget tool needs to be simple enough for general users' usage.,They need to make it more streamlined in the process.,6,I would like to see more people using this product so that we can get a better return on investment. It is a good start that 20% of the employee pool is using this product occasionally. I would like to send reminders to employees to check this out more often and remind them what benefits we provide.,YesPeopleSoft Financials ReviewWe use PeopleSoft Financials for payables, procurement, contracts, general ledger, payments, accounting, and inventory departments. This product has been in use for more than 10 years at Bart. Everyone in the user community is very happy with the product. I support this application on a day to day basis.,Vendor payments Purchase orders Requisitions,More into analytics Chatbots,9,ROI is definitely achieved,NoEnd-to-end ERP solutionsWe are using PeopleSoft Financials and HCM, and they are being used across the whole organization for managing books and human resources. It addresses business processes in the supply chain, financials and in HCM areas. Helps users in performing end to end business processes required in the accounting world, supply chain world and also in the human resources world.,Performing purchasing related business processes Performing payables related business processes Performing ledger related business processes,Lease accounting Workflows Analytics,8,Impacted accounts reconciliation, automation, and reports.,No,MS SharePoint, Azur Systems, Google Cloud AIA True ERP SystemPeopleSoft Financials and supply chain product is being used as an enterprise-level product within our HR, Finance and Supply Chain departments. It streamlines the entire procure to pay process as well as financial reporting for our organization.,Procure to pay process. Journal generation and financial reporting. Seamless integration within the modules like AP to GL.,The user interface could be made more intuitive. The procurement module has a lot of room for improvement like all the other eCommerce websites out there like Amazon etc.,10,Its a great backend enterprise system for our organization. It's really doing the work for us and streamlined our back-end operations.,No,Microsoft 365 Business,Apptio Technology Business Management, Chrome River EXPENSE, GoAnywhere MFTPeopleSoftFinancials: great product but needs better reporting and integration featuresWe use it to consolidate data in GL and report to SEC. We are using different modules such as AP, PO, Lease administration, AR, and Billing. It also helps us to pay our suppliers on time. We are using it to streamline our finance and accounting processes. We are using PeopleSoft globally.,Pay rent through lease module Pay suppliers through AP Track and monitor expenses through expenses module Consolidate and report through GL module,Nvision reporting needs to be improved. Project costing and customer contract processes need to be streamlined. Caching of the pivot grids to display data to end-users should help. Lease admin work center should be added.,7,It has helped close the books in a timely manner Needs to improve on reporting needs Sec ready reporting is lacking forcing us to go outside to get the services. It would be nice if there was a separate section dedicated for SEC ready reports.,Not yet, but I'm interested in Oracle user groups,,IBM FileNet Content Manager, Kofax Capture, Concur ExpensePeopleSoft FinancialsWe use HCM, AP, GL for all of our financial transactions and reporting needs. It helps us accurately report based on a consolidated trial balance. From manual journal entries, source interfaced data, and general ledger allocation, Peoplesoft aids in a timely close function. Its flexibility and collaboration across modules give us comfort in having accurate financials.,Integration across modules Well delivered reporting Drill down capability with query manager,Data latency is always a concern across modules. Easier allocation rules and processing within modules. Ease of use for the regular business user.,9,It served its purpose before cloud. It met all of our reporting needs for its capability. Ease of financial close is good.,YesPeopleSoft Financials meets our needsIt Is used for invoicing and contract management integrated with Ariba.,Invoicing Contract management,Real-time reporting Better integration,8,Addresses most of the companies financial needs and objectives. Tool well received from the controller team for invoicing Integration with some legacy systems was difficult and limited.,No,Oracle Hyperion Enterprise Performance Management,Oracle Hyperion Enterprise Performance Management, Oracle DatabaseWe love PeopleSoft FSCMPeopleSoft FSCM is used across the church for tracking expenses. It is integrated with several subsystems.,We love using provided tools for customizing the processes to match our existing business processes.,The reporting package (nVision) is fairly complex for end-users to use.,10,This has been a great product for tracking financials.,NoPeopleSoft is great!PeopleSoft Financials is used by Corporate Finance Group for bookkeeping.,Easily customizable for business needs. We were able to build several bolt-on applications on PeopleSoft. If not, we would have implemented the same function on new software and spent on integration with PeopleSoft.,PeopleSoft cloud will be a good enhancement for us.,9,Able to close books and report on time. Due to asset load and retirement, we are able to perform AM related activities at ease. EDI Invoice integration is very good, able to pay vendors on time.,Not yet, but I'm interested in Oracle user groups,,Oracle Hyperion Enterprise Performance ManagementPeopleSoft Financials ReviewPeopleSoft Financials used as primary books of records. Requisition, Purchase Order, Procurement Contract, Accounts Payable, General Ledger, Commitment Control, and Asset Management.,Fluid Approval. Pivot Grid - that gives us a snapshot of our situation in graphical form. It has charts, graphs, and it's a very visually appealing way to see how things are moving. Query. Within PeopleSoft Financials, it integrates well across all modules, they are tightly integrated. e.g. Requisition, Purchase Order, Procurement Contract, Receipt, Voucher, Payment, etc.,User Interface - it looks like Windows. The look and feel could be updated. It is also not usable on phones and tablets. Customization. Reporting is very cumbersome, especially when developing new reports. It can take a few weeks for a user to get a new report.,5,It is very expensive product.,No,PeopleSoft Financials ReviewOur company is currently using an older version of PeopleSoft. We are still deciding if we want to upgrade to a later version or to migrate into the cloud. We are reassured knowing that Oracle will support the software for a rolling period of ten plus years.,Run reports. Manage user access.,Reports could be more dynamic.,9,Positive because we need to run operations.,No,Oracle JD Edwards EnterpriseOneAdministrator ReviewPeopleSoft is used by multiple business functions and departments. It has a very easy interface to pull reporting and or payroll information from the system.,It is perfect for delivering detailed payroll information. Reporting and queries. Flexible and robust. Tracks newly hired associates.,Once a customization is in place, it is difficult to change it.,8,The process has had a positive impact on our overall workflows.,NoPayroll and Compensation Management StreamlinedPeopleSoft 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 CRMOracle - necessary demonIt 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,Yes,Concur Travel and Expense,Canvas, Concur Travel and Expense, Salesforce Community CloudGreat for complex Payroll!!We 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.,Not yet, but I'm interested in Oracle user groups,,QuickBooks Pro, QuickBooks Premier, OnRampFrom a Functional Perspective - a PeopleSoft ReviewPeopleSoft 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.,Yes,QuickBooks Pro,Concur Travel and ExpenseConstant updates and fits your organization instead of forcing your organization to fit!PeopleSoft 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,Yes,Workday,Oracle PeopleSoft HCM, Oracle Database 12cKeep your PeopleSoft and ContentWe 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,NoPeopleSoft Financial reviewPeopleSoft 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.,No,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.,9A worthy ERP system with lots of flexibility, but at a costWe 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, ServiceNowMy 2 CentsOMG 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.You, Me And Prism Review: The TruthReport 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 systemPeopleSoft Financials Streamlined FinancialsThe 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,10PeopleSoft - Perfect fit for Custom NeedsPeopleSoft 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 Management
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PeopleSoft Financials
218 Ratings
Score 8.0 out of 101
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PeopleSoft Reviews

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PeopleSoft
218 Ratings
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Score 8.0 out of 101

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Jayesh Jhurani profile photo
September 18, 2019

My experiences with PeopleSoft Financials.

Jayesh Jhurani
Score 8 out of 10
Vetted Review
Verified User
Review Source
Currently, we are using PeopleSoft Financials to take care of financials and accounting. Considering the size of our company and multiple locations, it was very important to use a software that takes care of all our needs. What works for us is that we have accounting, P2P, budgeting, travel and expense that can be taken care of in one application. So, it acts as one stop shop for all our business needs.

It is also very user friendly and intuitive for financial users who are otherwise not very technology friendly.
  • One of the best thing it does is it is customizable. You can implement any business logic you need. This is one of the very key assets of PeopleSoft Financials.
  • PeopleSoft Financials's accounting methods are in line with industry standards. You can use the process as is and ledger will be taken care of.
  • It supports multiple ways to integrate with other systems.
PeopleSoft Financials really fits well for us because it is one stop solution for all the problems. For example, our offices are in India, US, UK and we do business in multiple geographical regions. With the help of Multi currency set up we are able to post everything to ledger in one currency and do our accounting.

The only place where it doesn't work is Services Procurement because there are multiple way to pay Services.
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vivi wong profile photo
September 19, 2019

PeopleSoft Financials product review and improvement suggestion

vivi wong
Score 6 out of 10
Vetted Review
Verified User
Review Source
It helps to manage resources and benefits for employees. More employee need to use it in my company so that fewer resources are needed to answer employee general questions. We have rules in place that can answer the majority of employee benefits questions. This product helps my company to streamline, process, and improve productivity. We need to continue educating users broadly to use this product.
  • Budget tool needs to be simple enough for general users' usage.
It's more appropriate when more users use it on a regular basis. I see that we still have users pop in to ask generic questions. It can be further improved with more online in-house training. We need more podcasts or videos to help users to find ways to learn how to use this software.
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Subbu Uppuganti-- PMP profile photo
September 16, 2019

PeopleSoft Financials Review

Subbu Uppuganti-- PMP
Score 9 out of 10
Vetted Review
Verified User
Review Source
We use PeopleSoft Financials for payables, procurement, contracts, general ledger, payments, accounting, and inventory departments. This product has been in use for more than 10 years at Bart. Everyone in the user community is very happy with the product. I support this application on a day to day basis.
  • Vendor payments
  • Purchase orders
  • Requisitions
I would recommend for any globally measured product and any organization that wants to best manage their financial HR needs.
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Madhavaram Ramu profile photo
September 19, 2019

End-to-end ERP solutions

Madhavaram Ramu
Score 8 out of 10
Vetted Review
Verified User
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We are using PeopleSoft Financials and HCM, and they are being used across the whole organization for managing books and human resources. It addresses business processes in the supply chain, financials and in HCM areas. Helps users in performing end to end business processes required in the accounting world, supply chain world and also in the human resources world.
  • Performing purchasing related business processes
  • Performing payables related business processes
  • Performing ledger related business processes
It is very suitable for medium to larger sized organizations who need to carry out their business processes related to both HR and Finance. It is not suitable for small-sized organizations.
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No photo available
October 15, 2019

A True ERP System

Verified User
Score 10 out of 10
Vetted Review
Verified User
Review Source
PeopleSoft Financials and supply chain product is being used as an enterprise-level product within our HR, Finance and Supply Chain departments. It streamlines the entire procure to pay process as well as financial reporting for our organization.
  • Procure to pay process.
  • Journal generation and financial reporting.
  • Seamless integration within the modules like AP to GL.
The entire ERP product has a great built-in integration across the modules. It's heavily dependent on the batch processes which take the data across the modules.
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No photo available
September 19, 2019

PeopleSoftFinancials: great product but needs better reporting and integration features

Verified User
Score 7 out of 10
Vetted Review
Verified User
Review Source
We use it to consolidate data in GL and report to SEC. We are using different modules such as AP, PO, Lease administration, AR, and Billing. It also helps us to pay our suppliers on time. We are using it to streamline our finance and accounting processes. We are using PeopleSoft globally.
  • Pay rent through lease module
  • Pay suppliers through AP
  • Track and monitor expenses through expenses module
  • Consolidate and report through GL module
Ease of use from a financial perspective. The UI for lease admin needs to be more user-friendly. Processes in project costing and contracts module need to be streamlined. User training should be accessible from within the application. It works well with respect to the query tool. The user's interface needs to be optimized in AR.
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September 18, 2019

PeopleSoft Financials

Verified User
Score 9 out of 10
Vetted Review
Verified User
Review Source
We use HCM, AP, GL for all of our financial transactions and reporting needs. It helps us accurately report based on a consolidated trial balance. From manual journal entries, source interfaced data, and general ledger allocation, Peoplesoft aids in a timely close function. Its flexibility and collaboration across modules give us comfort in having accurate financials.
  • Integration across modules
  • Well delivered reporting
  • Drill down capability with query manager
Peoplesoft Financials is well suited for the smaller company not yet ready for cloud and has the time to do their own upgrades and patching. Nvision reporting is not for the regular user. Job aids are necessary today and not necessarily standard for Peoplesoft implementation. Allocations are not handled within the modules before they reach GL and customers are looking for that flexibility.
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September 17, 2019

PeopleSoft Financials meets our needs

Verified User
Score 8 out of 10
Vetted Review
Verified User
Review Source
It Is used for invoicing and contract management integrated with Ariba.
  • Invoicing
  • Contract management
Strong tool for invoice management and integrates well with Ariba. PeopleSoft holds our accounts and users and replicates to all our integrated applications.
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No photo available
October 02, 2019

We love PeopleSoft FSCM

Verified User
Score 10 out of 10
Vetted Review
Verified User
Review Source
PeopleSoft FSCM is used across the church for tracking expenses. It is integrated with several subsystems.
  • We love using provided tools for customizing the processes to match our existing business processes.
This application is great for integration with other applications.
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September 23, 2019

PeopleSoft is great!

Verified User
Score 9 out of 10
Vetted Review
Verified User
Review Source
PeopleSoft Financials is used by Corporate Finance Group for bookkeeping.
  • Easily customizable for business needs. We were able to build several bolt-on applications on PeopleSoft. If not, we would have implemented the same function on new software and spent on integration with PeopleSoft.
PeopleSoft has user-friendly features such as spreadsheet journal import, and the Excel to CI feature to upload contracts, assets, etc. It is also easy to debug any failures.
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September 18, 2019

PeopleSoft Financials Review

Verified User
Score 5 out of 10
Vetted Review
Verified User
Review Source
PeopleSoft Financials used as primary books of records. Requisition, Purchase Order, Procurement Contract, Accounts Payable, General Ledger, Commitment Control, and Asset Management.
  • Fluid Approval.
  • Pivot Grid - that gives us a snapshot of our situation in graphical form. It has charts, graphs, and it's a very visually appealing way to see how things are moving.
  • Query.
  • Within PeopleSoft Financials, it integrates well across all modules, they are tightly integrated. e.g. Requisition, Purchase Order, Procurement Contract, Receipt, Voucher, Payment, etc.
PeopleSoft Financials can be used as full ERP solution. This is good for very big companies, especially due to the high cost. However, it is not 100% fluid, it is slow and the reporting is not great.
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September 17, 2019

PeopleSoft Financials Review

Verified User
Score 9 out of 10
Vetted Review
Verified User
Review Source
Our company is currently using an older version of PeopleSoft. We are still deciding if we want to upgrade to a later version or to migrate into the cloud. We are reassured knowing that Oracle will support the software for a rolling period of ten plus years.
  • Run reports.
  • Manage user access.
PeopleSoft Financials is well suited for running vision reports. PeopleSoft Financials is well suited for checking the general ledger. It is also well suited for posting journal entries and for administrative purposes, such as granting user access. PeopleSoft could have a better dashboard.
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August 28, 2019

Administrator Review

Verified User
Score 8 out of 10
Vetted Review
Verified User
Review Source
PeopleSoft is used by multiple business functions and departments. It has a very easy interface to pull reporting and or payroll information from the system.
  • It is perfect for delivering detailed payroll information.
  • Reporting and queries.
  • Flexible and robust.
  • Tracks newly hired associates.
PeopleSoft Financials is well suited for large companies. It provides management with access to data and reoccurring reporting. I am able to provide different levels of security unique to the specific job function or user. The user-friendly reporting can be automatically scheduled and distributed to teams.
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December 20, 2018

Payroll and Compensation Management Streamlined

Verified User
Score 6 out of 10
Vetted Review
Verified User
Review Source
PeopleSoft 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
PeopleSoft Financials is well suited as a global platform to integrate multiple vendor data across regions/countries and provide payroll services. Where PeopleSoft Financials falls short are the integration capabilities with other systems, and an inability to integrate broader employee data to the extent other financial systems can (i.e. Workday).
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May 01, 2018

Oracle - necessary demon

Verified User
Score 5 out of 10
Vetted Review
Verified User
Review Source
It 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
While it is a good source of information, the query interface needs to be made more user-friendly, so people can get to the data that is in the system.
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April 19, 2018

Great for complex Payroll!!

Verified User
Score 8 out of 10
Vetted Review
Verified User
Review Source
We 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 is well suited for companies that demand manual entry for payroll or for companies with complex payroll entries. It is not well-suited for companies that do not have complex payroll entries. For a company that has mostly salaried employees, this software is not most suitable.
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April 10, 2018

From a Functional Perspective - a PeopleSoft Review

Cassandra Rayne Gross
Score 9 out of 10
Vetted Review
Verified User
Review Source
PeopleSoft 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.
Well suited for established, large organizations with a large user base and the ability to devote significant resources to design and implementation of a vetted, long-term solution for business processing.

Not well suited for very small businesses or businesses whose business processes are changing continuously. Changing PeopleSoft for business process changes/modifications requires significant time and resources due to the design, testing, and implementation tasks involved.
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December 08, 2017

Constant updates and fits your organization instead of forcing your organization to fit!

Bennett Walker
Score 9 out of 10
Vetted Review
Verified User
Review Source
PeopleSoft 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
Large organizations that require a moderate amount of customization to business processes can leverage the PeopleSoft Financials system to suit the needs of the organization. This flexible framework allows for virtually anything to be customized, allowing the business to fit the system to their needs instead of changing business processes to fit the models imposed by an ERP system.
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March 02, 2018

Keep your PeopleSoft and Content

Chantelle Chase
Score 9 out of 10
Vetted Review
Verified User
Review Source
We 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
PeopleSoft has made reporting on employees a breeze. From scheduling to hours worked to payroll plus file storage - this is the all in one solution.
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December 05, 2017

PeopleSoft Financial review

Christina O'Steen
Score 10 out of 10
Vetted Review
Verified User
Review Source
PeopleSoft 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
I like the program, if a company wanted to use this program I would feel good recommending. Most employees could learn the program in a short period of time.
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November 06, 2017

A worthy ERP system with lots of flexibility, but at a cost

Verified User
Score 8 out of 10
Vetted Review
Verified User
Review Source
We 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 Financials is well suited for mid to large size companies that need flexibility in how their ERP system can be molded to meet their business needs. Out of the box can probably meet most business needs, but if a company has specialized products or services, then customization is probably in the picture. End users that are highly motivated and like to work efficiently are a great audience for this product, but if not, then this product might be overwhelming to them.
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November 01, 2017

My 2 Cents

Verified User
Score 9 out of 10
Vetted Review
Verified User
Review Source
OMG 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
When an organization needs better financial information and real-time access PFM is the tool of choice. PFM helps the business gain a deeper understanding of costs, revenue, and profitability in a way few applications provide. It's a step closer to solidifying that squishy world which is financial management.
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December 02, 2013

You, Me And Prism Review: The Truth

Laura Leistikow
Score 7 out of 10
Vetted Review
Verified User
Review Source
  • Report 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
Controls, controls, controls. PRISM is based off of controls, and as long as these are properly set up, PRISM works with ease. I would learn specific terminology and codes that PRISM uses to make sure that the information that you are reading is received correctly. Step by step directions can be found online and through the system books; although I think a short-hand could be written on these as they are overloaded in information at times that don't pertain to what it is that you are actually trying to accomplish by system.
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March 16, 2016

PeopleSoft Financials Streamlined Financials

Verified User
Score 9 out of 10
Vetted Review
Verified User
Review Source
The 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 most important question to ask is whether the delivered ERP system will meet the majority of business needs. If you have to customize PeopleSoft Financials the total cost of ownership will increase with each upgrade.
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September 27, 2016

PeopleSoft - Perfect fit for Custom Needs

Verified User
Score 9 out of 10
Vetted Review
Verified User
Review Source
PeopleSoft 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
PeopleSoft is great for any organization that wants an on premise solution.
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PeopleSoft Scorecard Summary

Likelihood to Recommend (218)
8.0
Likelihood to Renew (2)
9.1
Usability (1)
8.2
Availability (1)
10.0
Support (1)
8.2
Implementation (1)
9.1

Feature Scorecard Summary

Pay calculation (17)
8.4
Benefit plan administration (16)
8.0
Direct deposit files (17)
8.2
Salary revision and increment management (15)
8.1
Reimbursement management (16)
8.0
API for custom integration (16)
8.0
Plug-ins (14)
7.7
Single sign-on capability (17)
8.4
Role-based user permissions (20)
8.5
Dashboards (19)
7.5
Standard reports (21)
7.5
Custom reports (21)
7.8
Accounts payable (23)
8.2
Accounts receivable (21)
8.2
Global Financial Support (15)
8.2
Primary and Secondary Ledgers (20)
7.9
Intercompany Accounting (18)
8.3
Localizations (10)
7.4
Journals and Reconciliations (21)
7.8
Enterprise Accounting (17)
7.8
Configurable Accounting (17)
7.4
Centralized Rules Framework (13)
6.6
Standardized Processes (16)
7.4
Inventory tracking (9)
7.5
Automatic reordering (8)
7.8
Location management (8)
8.4
Manufacturing module (4)
8.4
Pricing (6)
7.1
Order entry (7)
7.1
Credit card processing (3)
8.9
Cost of goods sold (3)
8.4
Order Orchestration (3)
8.4
End-to-end order visibility (4)
6.4
Order exception Resolution (4)
7.7
Automated Invoice Processing (18)
7.8
Shared Services Payments (12)
7.3
Billings Management (14)
7.7
Customer Receipt Applications (12)
8.1
Customer Collections (10)
8.0
Revenue Recognition (12)
8.0
Cash Management (12)
7.4
Asset Management (16)
7.6
Travel & Expense Management (11)
7.7
Budgetary Control & Encumbrance Accounting (11)
7.9
Period Close (17)
7.8
Transactions Tax (8)
8.0
Subledger Reconciliations (14)
7.4
3rd Party Accounting Systems (11)
7.8
Budgeting and Forecasting (10)
7.5
Project Costing (9)
8.1
Cost Capture (8)
7.4
Capital Project Management (8)
8.1
Customer Invoicing (9)
8.2
Customer Contract Compliance (8)
7.7
Project Revenue Recognition (8)
8.2
Project Financial Performance Analysis (9)
7.9
Project Financials Dashboard (7)
7.8
Real-time Financial Reporting (7)
7.8
Embedded Business Intelligence (7)
7.8
Project Planning Collaboration (7)
7.6
Project Planning and Scheduling (5)
8.3
Project Manager Dashboard (5)
8.6
Resource Manager Dashboard (5)
8.6
Task Insight for Project Managers (4)
9.0
Project Manager Mobile Functionality (4)
9.0
Team Member Task Collaboration (4)
9.0
Team Member Mobile Functionality (4)
8.9
Project Candidate Search (3)
9.2
Project Candidate Comparison and Analysis (3)
9.3
Defineable Resource Pools (4)
8.6
Defineable Resource Pools (4)
8.6
Talent Profiles (6)
8.4
Real-Time Project Reporting (5)
8.2
Absence Management (6)
8.2
Product Lifecycle Management (5)
8.7
Award Lifecycle Management (7)
8.7
Spending Control (7)
8.9
Indirect Cost Management (8)
8.3
Billing (8)
9.0
Sourcing Team Collaboration (9)
7.5
Sourcing Analysis (10)
7.2
Bids Analyzed and Compared (8)
7.3
Catalog Shopping E-Commerce for Employees (6)
8.0
Contract Authoring (6)
7.9
Contract Compliance Management (8)
7.6
Contract History (9)
7.9
Contract Renewal Automation (8)
7.9
Contract Repository (9)
7.9
Contract Standardization and Enforcement (8)
8.0
Electronic Signatures (9)
8.2
Invoice Automated Matching (9)
8.5
Purchasing Risk and Compliance Management (7)
8.0
Requisitions-to-Purchase Orders Integrated (11)
8.2
Spend Compliance Management (8)
7.8
Supplier Assessment (7)
8.2
Supplier Communication and Collaboration (6)
8.0
Supplier Management (9)
7.9
Supplier Portal (11)
7.8
Risk Repository (2)
8.8
Control Management (2)
8.8
Control Mapping (2)
8.8
Control Efficiency Assessments (2)
8.8
Automated Control Assessments (2)
8.8
Assessment Capture (2)
8.8
Issue Detection (2)
8.8
Automatic Notification (2)
8.8
Remediation and Certification (2)
8.8
Transportation Planning and Optimization (2)
8.6
Transportation Sourcing Management (2)
8.5
Transportation Process Integration (2)
8.6
Transportation Execution Management (2)
8.7
Freight Payment Automation (2)
8.7
Trade Management (2)
8.7
Trade Regulatory Compliance Management (2)
8.7
Customs Entry Management (2)
8.6
Customs Document Management (2)
8.7
Customs Document Collaboration (2)
8.6
Fulfillment Management (2)
8.5
Inventory Visibility (2)
8.5
Warehouse Workforce Management (2)
8.5
Production Process Design (3)
8.6
Supply Chain Business Flows (3)
8.6
Production Management (3)
8.8
Contracted Manufacturing Management (3)
8.5
Configuration Management (3)
8.5
Work Definition (3)
8.5
Work Execution (3)
8.5
Advanced Fulfillment (3)
8.3
Manufacturing Costs (3)
8.7
Forecasting (7)
8.7
Inventory Planning (6)
8.8
Multi-tier Supply Chain Planning (6)
8.4
Performance Monitoring (6)
8.7
Ideation Management (2)
8.7
Requirements Management (2)
8.6
Proposal Management (2)
8.6
Innovation Portfolio Management (2)
8.7
Product Master Data Management (3)
8.4
Vendor Portal (3)
8.3
Project Portfolio Management (2)
8.8

About PeopleSoft

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.
Categories:  Enterprise Resource Planning (ERP)

PeopleSoft Competitors

PeopleSoft Technical Details

Operating Systems: Unspecified
Mobile Application:No