Payroll and Compensation Management Streamlined
Anonymous | TrustRadius Reviewer
December 20, 2018

Payroll and Compensation Management Streamlined

Score 6 out of 10
Vetted Review
Verified User
Review Source

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

PeopleSoft Feature Ratings

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