My experiences with PeopleSoft Financials.
September 18, 2019
My experiences with PeopleSoft Financials.
Score 8 out of 10
Vetted Review
Verified User
Overall Satisfaction with PeopleSoft Financials
Currently, we are using PeopleSoft Financials to take care of financials and accounting. Considering the size of our company and multiple locations, it was very important to use a software that takes care of all our needs. What works for us is that we have accounting, P2P, budgeting, travel and expense that can be taken care of in one application. So, it acts as one stop shop for all our business needs.
It is also very user friendly and intuitive for financial users who are otherwise not very technology friendly.
It is also very user friendly and intuitive for financial users who are otherwise not very technology friendly.
- One of the best thing it does is it is customizable. You can implement any business logic you need. This is one of the very key assets of PeopleSoft Financials.
- PeopleSoft Financials's accounting methods are in line with industry standards. You can use the process as is and ledger will be taken care of.
- It supports multiple ways to integrate with other systems.
- Whenever new updates are released, please do thorough testing.
- Please implement mobile friendly version. I mean we need an app version also.
- Improve the performance of some of the slow pages.
- One of the positive impacts has been the faster close process. Accounting team is able to close books faster than the usual.
- Another positive impact is on turning around procurement. Because of three way match, we get less exceptions and never over pay vendors.
- The only negative thing is paying high cost of maintenance. If we don't have the latest version, the software doesn't help and to keep it latest we are paying high maintenance cost.
It is pretty much in line with PeopleSoft Financials because it gives seamless integration between Financials and HCM. Also, when you have both the softwares on same technology, it is very cost effective.
One of the reason for selecting PeopleSoft Financials and HCM are their capability to customize the business process. We have gone so far that we have built the bolt-on solutions.
One of the reason for selecting PeopleSoft Financials and HCM are their capability to customize the business process. We have gone so far that we have built the bolt-on solutions.