PeopleSoftFinancials: great product but needs better reporting and integration features
September 19, 2019
PeopleSoftFinancials: great product but needs better reporting and integration features
Score 7 out of 10
Vetted Review
Verified User
Overall Satisfaction with PeopleSoft Financials
We use it to consolidate data in GL and report to SEC. We are using different modules such as AP, PO, Lease administration, AR, and Billing. It also helps us to pay our suppliers on time. We are using it to streamline our finance and accounting processes. We are using PeopleSoft globally.
- Pay rent through lease module
- Pay suppliers through AP
- Track and monitor expenses through expenses module
- Consolidate and report through GL module
- Nvision reporting needs to be improved.
- Project costing and customer contract processes need to be streamlined.
- Caching of the pivot grids to display data to end-users should help.
- Lease admin work center should be added.
- It has helped close the books in a timely manner
- Needs to improve on reporting needs
- Sec ready reporting is lacking forcing us to go outside to get the services. It would be nice if there was a separate section dedicated for SEC ready reports.
We looked at Workday and Oracle Financials Cloud. We don't feel comfortable with those apps yet. We use lease management which is available in Financials but not in other clouds. Also, inventory management billing and order management features were not mature in the cloud. PeopleSoft has these features. Other cloud solutions are better at reporting.