Payroll and Compensation Management Streamlined
December 20, 2018

Payroll and Compensation Management Streamlined

Anonymous | TrustRadius Reviewer
Score 6 out of 10
Vetted Review
Verified User

Overall Satisfaction with PeopleSoft Financials

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.

Pros

  • Central system to house multiple vendor data
  • Cross-regional security access features
  • Intuitive UI for Payroll team
  • Reporting capabilities for audit/self-check purposes

Cons

  • 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
  • Easy, automated pay calculations across multiple countries and regions
  • Client portals are intuitive and easily navigated
  • 3rd party integrations can be burdensome and time/resource consuming, depending on the vendor
PeopleSoft Financials does a good job at pay and compensation data, but doesn't have the capabilities a full HCM like Workday does, which captures multiple data points for employees. Workday does a better job at painting a picture of overall performance tied to compensation that PeopleSoft Financials cannot do as well.
PeopleSoft Financials is well suited as a global platform to integrate multiple vendor data across regions/countries and provide payroll services. Where PeopleSoft Financials falls short are the integration capabilities with other systems, and an inability to integrate broader employee data to the extent other financial systems can (i.e. Workday).

Oracle PeopleSoft ERP Feature Ratings

7.9
Accounts payable
8
Accounts receivable
8
Global Financial Support
7
Primary and Secondary Ledgers
8
Journals and Reconciliations
7
Configurable Accounting
9
Standardized Processes
8
8.3
Billing Management
8
Cash and Asset Management
8
Travel & Expense Management
9
Budgetary Control & Encumbrance Accounting
Not Rated
Period Close
8
Inventory Management ()
Not Rated
8.3
Pricing
8
Order entry
8
Credit card processing
9
Cost of goods sold
Not Rated
Order Orchestration
Not Rated
8.3
Pay calculation
9
Benefit plan administration
7
Direct deposit files
9
7.3
Dashboards
8
Standard reports
8
Custom reports
6
6.5
API for custom integration
6
Plug-ins
7
9.0
Role-based user permissions
9
Single sign-on capability
9
Not Rated
Award Lifecycle Management
Not Rated
7.0
Budgeting and Forecasting
7
Project Costing
7
Cost Capture
8
Capital Project Management
8
Customer Contract Compliance
6
Project Revenue Recognition
6
6.5
Project Planning and Scheduling
6
Task Insight for Project Managers
Not Rated
Project Mobile Functionality
Not Rated
Definable Resource Pools
7
7.3
Bids Analyzed and Compared
7
Contract Authoring
Not Rated
Contract Repository
8
Requisitions-to-Purchase Orders Integrated
Not Rated
Supplier Management
7
Risk Management ()
Not Rated
Logistics ()
Not Rated
Manufacturing ()
Not Rated
7.7
Forecasting
8
Inventory Planning
8
Performance Monitoring
7
Product Lifecycle Management ()
Not Rated

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