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https://www.trustradius.com/erpPeopleSoft FinancialsUnspecified8220101
Bennett Walker profile photo
December 08, 2017

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

Score 9 out of 101
Vetted Review
Verified User
Review Source

Overall Satisfaction with PeopleSoft Financials

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)
  • 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 - 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.
  • Workday
PeopleSoft Financials is extremely robust when it comes to a fully featured Enterprise Resource Planning system, allowing our organization to have cross-functional area interaction and communication be completely seamless. For example, the Requisition to Check process (Req to Check) and the manner in which it works directly with the inventory and asset management modules reduces effort and streamlines business processes. PeopleSoft allows for the complete customization of any portion, which allows for the ERP software to fit the organizations needs instead of forcing the business to change in ways that do not complement the core competency of the organization.
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.

PeopleSoft Feature Ratings

Accounts payable
9
Accounts receivable
Not Rated
Global Financial Support
9
Primary and Secondary Ledgers
8
Intercompany Accounting
8
Localizations
Not Rated
Journals and Reconciliations
9
Enterprise Accounting
9
Configurable Accounting
8
Centralized Rules Framework
8
Standardized Processes
9
Automated Invoice Processing
7
Shared Services Payments
8
Billings Management
7
Customer Receipt Applications
Not Rated
Customer Collections
Not Rated
Revenue Recognition
7
Cash Management
7
Asset Management
9
Travel & Expense Management
9
Budgetary Control & Encumbrance Accounting
8
Period Close
9
Transactions Tax
Not Rated
Subledger Reconciliations
8
3rd Party Accounting Systems
6
Inventory tracking
9
Automatic reordering
9
Location management
8
Manufacturing module
Not Rated
Pricing
9
Order entry
9
Credit card processing
Not Rated
Cost of goods sold
Not Rated
Order Orchestration
Not Rated
End-to-end order visibility
Not Rated
Order exception Resolution
Not Rated
Pay calculation
9
Benefit plan administration
9
Direct deposit files
10
Salary revision and increment management
10
Reimbursement management
9
Dashboards
10
Standard reports
9
Custom reports
10
API for custom integration
10
Plug-ins
10
Role-based user permissions
10
Single sign-on capability
10
Award Lifecycle Management
9
Spending Control
8
Indirect Cost Management
8
Billing
9
Budgeting and Forecasting
9
Project Costing
9
Cost Capture
Not Rated
Capital Project Management
10
Customer Invoicing
10
Customer Contract Compliance
7
Project Revenue Recognition
8
Project Financial Performance Analysis
7
Project Financials Dashboard
7
Real-time Financial Reporting
8
Embedded Business Intelligence
7
Project Planning Collaboration
7
Project Planning and Scheduling
7
Project Manager Dashboard
8
Resource Manager Dashboard
8
Task Insight for Project Managers
6
Project Manager Mobile Functionality
5
Team Member Task Collaboration
5
Team Member Mobile Functionality
5
Project Candidate Search
Not Rated
Project Candidate Comparison and Analysis
Not Rated
Defineable Resource Pools
Not Rated
Defineable Resource Pools
Not Rated
Talent Profiles
6
Real-Time Project Reporting
6
Absence Management
7
Product Lifecycle Management
6
Sourcing Team Collaboration
8
Sourcing Analysis
8
Bids Analyzed and Compared
5
Catalog Shopping E-Commerce for Employees
9
Contract Authoring
6
Contract Compliance Management
6
Contract History
7
Contract Renewal Automation
6
Contract Repository
6
Contract Standardization and Enforcement
7
Electronic Signatures
6
Invoice Automated Matching
10
Purchasing Risk and Compliance Management
7
Requisitions-to-Purchase Orders Integrated
10
Spend Compliance Management
9
Supplier Assessment
10
Supplier Communication and Collaboration
9
Supplier Management
9
Supplier Portal
9
Risk Repository
Not Rated
Control Management
Not Rated
Control Mapping
Not Rated
Control Efficiency Assessments
Not Rated
Automated Control Assessments
Not Rated
Assessment Capture
Not Rated
Issue Detection
Not Rated
Automatic Notification
Not Rated
Remediation and Certification
Not Rated
Transportation Planning and Optimization
Not Rated
Transportation Sourcing Management
Not Rated
Transportation Process Integration
Not Rated
Transportation Execution Management
Not Rated
Freight Payment Automation
Not Rated
Trade Management
Not Rated
Trade Regulatory Compliance Management
Not Rated
Customs Entry Management
Not Rated
Customs Document Management
Not Rated
Customs Document Collaboration
Not Rated
Fulfillment Management
Not Rated
Inventory Visibility
Not Rated
Warehouse Workforce Management
Not Rated
Production Process Design
Not Rated
Supply Chain Business Flows
Not Rated
Production Management
Not Rated
Contracted Manufacturing Management
Not Rated
Configuration Management
Not Rated
Work Definition
Not Rated
Work Execution
Not Rated
Advanced Fulfillment
Not Rated
Manufacturing Costs
Not Rated
Forecasting
8
Inventory Planning
6
Multi-tier Supply Chain Planning
6
Performance Monitoring
7
Ideation Management
Not Rated
Requirements Management
Not Rated
Proposal Management
Not Rated
Innovation Portfolio Management
Not Rated
Product Master Data Management
Not Rated
Vendor Portal
Not Rated
Project Portfolio Management
Not Rated