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From a Functional Perspective - a PeopleSoft Review
https://www.trustradius.com/erpPeopleSoft FinancialsUnspecified8220101
Cassandra Rayne Gross profile photo
April 10, 2018

From a Functional Perspective - a PeopleSoft Review

Score 9 out of 101
Vetted Review
Verified User
Review Source

Modules Used

  • Accounts Receivable
  • Billing
  • Contracts

Overall Satisfaction with PeopleSoft Financials

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.
  • 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 Its interface (although improved greatly with FLUID) appears very outdated, years behind its technical capabilities.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.
  • At my level in the organization, I'm not able to comment on this question.
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!).
PeopleSoft is much more appropriate for large organizations than the software programs listed here. I'm involved in a project to bring billing and accounts receivable functions out of "shadow systems" like those listed here and into PeopleSoft, and PeopleSoft is more robust, flexible, and standardizable. We've found it to be an excellent solution.
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.

PeopleSoft Feature Ratings

Accounts payable
Not Rated
Accounts receivable
9
Global Financial Support
Not Rated
Primary and Secondary Ledgers
Not Rated
Intercompany Accounting
9
Localizations
Not Rated
Journals and Reconciliations
9
Enterprise Accounting
10
Configurable Accounting
10
Centralized Rules Framework
Not Rated
Standardized Processes
10
Automated Invoice Processing
9
Shared Services Payments
Not Rated
Billings Management
9
Customer Receipt Applications
10
Customer Collections
10
Revenue Recognition
10
Cash Management
10
Asset Management
7
Travel & Expense Management
7
Budgetary Control & Encumbrance Accounting
8
Period Close
Not Rated
Transactions Tax
Not Rated
Subledger Reconciliations
Not Rated
3rd Party Accounting Systems
Not Rated
Inventory tracking
Not Rated
Automatic reordering
Not Rated
Location management
Not Rated
Manufacturing module
Not Rated
Pricing
Not Rated
Order entry
Not Rated
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
Not Rated
Benefit plan administration
Not Rated
Direct deposit files
Not Rated
Salary revision and increment management
Not Rated
Reimbursement management
Not Rated
Dashboards
10
Standard reports
8
Custom reports
Not Rated
API for custom integration
10
Plug-ins
Not Rated
Role-based user permissions
9
Single sign-on capability
Not Rated
Award Lifecycle Management
8
Spending Control
8
Indirect Cost Management
5
Billing
9
Budgeting and Forecasting
Not Rated
Project Costing
Not Rated
Cost Capture
Not Rated
Capital Project Management
Not Rated
Customer Invoicing
Not Rated
Customer Contract Compliance
Not Rated
Project Revenue Recognition
Not Rated
Project Financial Performance Analysis
Not Rated
Project Financials Dashboard
Not Rated
Real-time Financial Reporting
Not Rated
Embedded Business Intelligence
Not Rated
Project Planning Collaboration
Not Rated
Project Planning and Scheduling
Not Rated
Project Manager Dashboard
Not Rated
Resource Manager Dashboard
Not Rated
Task Insight for Project Managers
Not Rated
Project Manager Mobile Functionality
Not Rated
Team Member Task Collaboration
Not Rated
Team Member Mobile Functionality
Not Rated
Project Candidate Search
Not Rated
Project Candidate Comparison and Analysis
Not Rated
Defineable Resource Pools
Not Rated
Defineable Resource Pools
Not Rated
Talent Profiles
Not Rated
Real-Time Project Reporting
Not Rated
Absence Management
Not Rated
Product Lifecycle Management
Not Rated
Sourcing Team Collaboration
9
Sourcing Analysis
9
Bids Analyzed and Compared
Not Rated
Catalog Shopping E-Commerce for Employees
Not Rated
Contract Authoring
Not Rated
Contract Compliance Management
Not Rated
Contract History
Not Rated
Contract Renewal Automation
Not Rated
Contract Repository
Not Rated
Contract Standardization and Enforcement
Not Rated
Electronic Signatures
9
Invoice Automated Matching
10
Purchasing Risk and Compliance Management
Not Rated
Requisitions-to-Purchase Orders Integrated
10
Spend Compliance Management
Not Rated
Supplier Assessment
Not Rated
Supplier Communication and Collaboration
Not Rated
Supplier Management
8
Supplier Portal
6
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
Not Rated
Inventory Planning
Not Rated
Multi-tier Supply Chain Planning
Not Rated
Performance Monitoring
Not Rated
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