PeopleSoft Financials Streamlined Financials
Updated March 17, 2016

PeopleSoft Financials Streamlined Financials

Anonymous | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User
Review Source

Software Version

9.2

Modules Used

  • AP, GL, AM, T&E, ePro, sPro, Contracts, Strategic Sourcing, and AR

Overall Satisfaction with PeopleSoft Financials

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 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.
  • 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.
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.

PeopleSoft Feature Ratings

Accounts payable
9
Accounts receivable
8
Inventory tracking
8
Automatic reordering
8
Location management
8
Manufacturing module
8
Pricing
9
Order entry
9
Credit card processing
Not Rated
Cost of goods sold
Not Rated
Pay calculation
9
Benefit plan administration
9
Direct deposit files
9
Salary revision and increment management
8
Reimbursement management
8
Dashboards
10
Standard reports
7
Custom reports
10
API for custom integration
10
Plug-ins
10
Role-based user permissions
10
Single sign-on capability
10

PeopleSoft Implementation

PeopleSoft Reliability