Great for complex Payroll!!
Updated December 12, 2019

Great for complex Payroll!!

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

Overall Satisfaction with PeopleSoft Financials

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.
  • 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.
I have used other systems, such as ADP, ECMS, JDE, and SBDEV. I think that PeopleSoft Financials has an advantage over ADP and some of the older payroll systems. PeopleSoft is easy to use for users and allows for you to adjust information to customize for employees. ADP just doesn't give the access to be able to perform complex payroll entries without having to contact customer support, which can be tedious and annoying at times. PeopleSoft gives you that advantage with just a click of a button.
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.

Oracle PeopleSoft ERP Feature Ratings

Accounts payable
Not Rated
Accounts receivable
Not Rated
Global Financial Support
10
Primary and Secondary Ledgers
9
Journals and Reconciliations
9
Configurable Accounting
Not Rated
Standardized Processes
9
Billing Management
Not Rated
Cash and Asset Management
Not Rated
Travel & Expense Management
Not Rated
Budgetary Control & Encumbrance Accounting
Not Rated
Period Close
Not Rated
Inventory tracking
Not Rated
Automatic reordering
Not Rated
Location management
Not Rated
Pricing
Not Rated
Order entry
Not Rated
Credit card processing
Not Rated
Cost of goods sold
Not Rated
Order Orchestration
Not Rated
Pay calculation
10
Benefit plan administration
8
Direct deposit files
8
Dashboards
10
Standard reports
10
Custom reports
10
Not Rated
API for custom integration
Not Rated
Plug-ins
Not Rated
Not Rated
Role-based user permissions
Not Rated
Single sign-on capability
Not Rated
Award Lifecycle Management
Not Rated
Budgeting and Forecasting
Not Rated
Project Costing
Not Rated
Cost Capture
Not Rated
Capital Project Management
Not Rated
Customer Contract Compliance
Not Rated
Project Revenue Recognition
Not Rated
Project Planning and Scheduling
Not Rated
Task Insight for Project Managers
Not Rated
Project Mobile Functionality
Not Rated
Definable Resource Pools
Not Rated
Not Rated
Bids Analyzed and Compared
Not Rated
Contract Authoring
Not Rated
Contract Repository
Not Rated
Requisitions-to-Purchase Orders Integrated
Not Rated
Supplier Management
Not Rated
Risk Repository
Not Rated
Control Management
Not Rated
Control Efficiency Assessments
Not Rated
Issue Detection
Not Rated
Remediation and Certification
Not Rated
Not Rated
Transportation Planning and Optimization
Not Rated
Transportation Execution Management
Not Rated
Trade and Customs Management
Not Rated
Fulfillment Management
Not Rated
Warehouse Workforce Management
Not Rated
Not Rated
Production Process Design
Not Rated
Production Management
Not Rated
Configuration Management
Not Rated
Work Execution
Not Rated
Manufacturing Costs
Not Rated
Not Rated
Forecasting
Not Rated
Inventory Planning
Not Rated
Performance Monitoring
Not Rated
Proposal Management
Not Rated
Product Master Data Management
Not Rated