PeopleSoft Financials solid but expensive
PeopleSoft Financials is used across the organization for accounts payable general ledger grants [and] asset management. It addresses the …
PeopleSoft
PeopleSoft Financials
Overview
Reviews
Popular Features
View all 140 featuresCustom reports (24)
8.4
84%
Accounts payable (25)
8.0
80%
Standard reports (24)
7.9
79%
Accounts receivable (24)
7.6
76%
Reviewer Pros & Cons
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David Nero
Assistant Vice President of Innovation and Operational Services
University of Massachusetts (Higher Education, 501-1000 employees)Pricing
View all pricingN/A
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What is 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.
Entry-level set up fee?
- No setup fee
Offerings
- Free Trial
- Free/Freemium Version
- Premium Consulting / Integration Services
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Features Scorecard
Payroll Management
6.6
66%
Customization
7.2
72%
Security
8.5
85%
Reporting & Analytics
7.5
75%
General Ledger and Configurable Accounting
7.9
79%
Inventory Management
5.7
57%
Order Management
7.6
76%
Subledger and Financial Process
7.7
77%
Project Financial Management
7.4
74%
Project Execution Management
6.6
66%
Grants Management
8.7
87%
Procurement
6.3
63%
Risk Management
5.3
53%
Logistics
9.0
90%
Manufacturing
9.0
90%
Supply Chain
7.9
79%
Product Lifecycle Management
8.9
89%
Product Details
What is 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.
For more information visit https://www.oracle.com/partnernetwork/expertise/license-hardware/peoplesoft-fin-mgmt
For more information visit https://www.oracle.com/partnernetwork/expertise/license-hardware/peoplesoft-fin-mgmt
PeopleSoft Competitors
- SAP ERP
- Pega Platform
- Salesforce
PeopleSoft Technical Details
| Operating Systems | Unspecified |
|---|---|
| Mobile Application | No |
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Frequently Asked Questions
What is 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.
What are PeopleSoft's top competitors?
What is PeopleSoft's best feature?
Reviewers rate Billing highest, with a score of 9.9.
Who uses PeopleSoft?
The most common users of PeopleSoft are from Enterprises and the Unknown industry.
Reviews and Ratings
(231)
Ratings
Reviews
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April 26, 2021
PeopleSoft Financials solid but expensive
PeopleSoft Financials is used across the organization for accounts payable general ledger grants [and] asset management. It addresses the core financial requirements of the organization.
- Reporting
- Security
- Basic functionality
- Ease-of-use
- Accessibility
No
PeopleSoft Financials is being used across our entire organization in many facets. It is used to solve numerous problems and facilitate most of our processes in some regard and to some degree. We use PeopleSoft for HR, Financials, CRM, Contracts & Grants, Capitalized Asset Management - you name it - PeopleSoft plays a role in every process and procedure. The biggest problem the system solves is bringing all of our locations together on a single chart of accounts and platform, therefore tearing down silos that exist previously, and standardizing all data entry and sharing of information.
- Integrating with other systems
- Providing a consistent user interface
- Automating workflow
- Standardizing added and updated modules
- Updating old modules with newer UI and features
- Adding more in-application help
No
PeopleSoft Financials is being used as our consolidated accounts payable sub-ledger to pay over 10,000 vendors and we use it also for travel expense reports, auditing, administration, and payment through our two global disbursement banks based in the U.S. It is also linked to our procurement system with the vendor master file. We used PeopleSoft Financials to build in strict controls around the vendor master file. The system addresses vendor payments worldwide in multiple currencies.
- Process vendors' payments globally in multiple currencies
- Secure and protect the vendor master file and interface with procurement functionality
- Provide standard and ad-hoc reporting and security administration
- Process employee travel and expense reports
- User interface and user feel could be better
- Fewer steps and clicks screen to screen; screen efficiency is important
- Standard reporting is fine but ad-hoc reporting is just OK
No
September 18, 2019
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.
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.
No
September 19, 2019
PeopleSoft Financials product review and improvement suggestion
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.
- They need to make it more streamlined in the process.
Yes
September 17, 2019
PeopleSoft Financials Review
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
- More into analytics
- Chatbots
No
September 19, 2019
End-to-end ERP solutions
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
- Lease accounting
- Workflows
- Analytics
No
April 10, 2018
From a Functional Perspective - a PeopleSoft Review
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.
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.
Yes
I am a member of the Higher Education User Group HEUG.
HEUG is incredibly useful to me for long-range planning and day-to-day learning. This group is collaborative and insightful. The annual conference, Alliance, is a great opportunity to connect with people trying to solve the same problems you are trying to solve (in the higher education sector, we can be very isolated and nose-to-the-grindstone without specific opportunities to connect!).
HEUG is incredibly useful to me for long-range planning and day-to-day learning. This group is collaborative and insightful. The annual conference, Alliance, is a great opportunity to connect with people trying to solve the same problems you are trying to solve (in the higher education sector, we can be very isolated and nose-to-the-grindstone without specific opportunities to connect!).
December 08, 2017
Constant 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)
Yes
I am a member of the Boston Area Oracle Service Cloud User Group, Greater Boston PeopleSoft and JD Edwards Regional Users Group, New England Oracle Applications Users Group and Quest International User Group.
I and my group all make significant use of the Quest user group webinars and content available to keep current on the features available. The New England groups are great for networking locally, and the local user group day conference is a fantastic reference. These user groups are a huge benefit to being a part of the PeopleSoft community. They significantly add to the ability to turn on and utilize AP and Purchasing features that come out in later PUM releases.
I and my group all make significant use of the Quest user group webinars and content available to keep current on the features available. The New England groups are great for networking locally, and the local user group day conference is a fantastic reference. These user groups are a huge benefit to being a part of the PeopleSoft community. They significantly add to the ability to turn on and utilize AP and Purchasing features that come out in later PUM releases.
March 02, 2018
Keep your PeopleSoft and Content
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
- 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
No
December 05, 2017
PeopleSoft Financial review
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
- Reports are a little difficult to read
- Would be better if they could make the font bigger when printing our reports.
No
December 12, 2019
Great 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.
Not yet, but I'm interested in Oracle user groups
I'm not exactly clear that our company was a part of any user groups.
October 15, 2019
A True ERP System
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 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.
No
September 19, 2019
PeopleSoftFinancials: great product but needs better reporting and integration features
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
- 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.
Not yet, but I'm interested in Oracle user groups
September 18, 2019
PeopleSoft Financials
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
- Data latency is always a concern across modules.
- Easier allocation rules and processing within modules.
- Ease of use for the regular business user.
Yes
I am part of many Oracle user groups and find it helpful when researching issues and learning about new technologies. User groups have helped our company think differently and adapt to change with Oracle products.
September 17, 2019
PeopleSoft Financials meets our needs
It Is used for invoicing and contract management integrated with Ariba.
- Invoicing
- Contract management
- Real-time reporting
- Better integration
No
October 02, 2019
We love PeopleSoft FSCM
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.
- The reporting package (nVision) is fairly complex for end-users to use.
No
September 23, 2019
PeopleSoft 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.
Not yet, but I'm interested in Oracle user groups
September 18, 2019
PeopleSoft Financials Review
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.
- 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.
No
September 17, 2019
PeopleSoft Financials Review
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.
- Reports could be more dynamic.
No
August 28, 2019
Administrator Review
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.
- Once a customization is in place, it is difficult to change it.
No
December 20, 2018
Payroll and Compensation Management Streamlined
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
- 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
May 01, 2018
Oracle - necessary demon
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
- User interface
- Reporting
- Data access, searchability and visualization of information
- Mobile friendliness
Yes
Higher ed user group - it is good to know that the pain is shared
November 06, 2017
A worthy ERP system with lots of flexibility, but at a cost
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.
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.
November 01, 2017
My 2 Cents
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
- Its not easily customizable
- The implementation can be a pain