Wednesday Feb 10, 2016

Introducing Asset Physical Inventory with PeopleSoft Asset Tracking

Delivered in PeopleSoft Financials and Supply Chain Management (FSCM) Update Image 16, Asset Tracking provides a mobile physical inventory solution within PeopleSoft Asset Management that replaces the need for third-party integrations. The browser-based solution using PeopleSoft’s Fluid User Interface leverages existing, deployed asset tags.

As physical inventories are conducted, new scan records are added to physical inventory history for reconciliation and review by accounting. This includes any assets found with missing tags, ensuring the accuracy of fixed asset records.

Asset Tracking not only enables the asset physical inventory business process, but it also provides a means by which to audit asset locations, and general asset searches.

To learn more about Asset Tracking, please refer to Oracle Support Document 2084823.1 - PeopleSoft Asset Management 9.2.016: Mobile Physical Inventory and Asset Tracking.

Friday Feb 05, 2016

PeopleSoft is Recognized as “Best in Klas ERP Software” in Healthcare Industry

PeopleSoft is recognized as “Best in Klas ERP Software” in Healthcare Industry for 2015/2016  

Oracle PeopleSoft received exciting news about our efforts in the Healthcare Industry.  KLAS has named Oracle’s PeopleSoft the best ERP software in its "2015/2016 Best in KLAS Awards Report".  The report named top performing companies based on feedback from their customers. The title of Best in KLAS is a highly coveted recognition of outstanding efforts to help healthcare professionals deliver better patient care. It is reserved for vendor solutions that lead the software and services market segments with the broadest operational and clinical impact on healthcare organizations.

The annual report ranks the best-performing healthcare IT vendors in nearly 100 market segments based on ratings from nearly 20,000 interviews with healthcare providers. The award is based on the overall performance rating calculated from scores based on healthcare providers evaluating the product/vendor in the areas of Product Quality, Sales and Contracting, Implementation and Training, Functionality and Upgrades, Service and Support and more. We are honored to be recognized as the best Healthcare ERP provider for 2015/2016. 

KLAS is a research and insights firm on a global mission to improve healthcare delivery by amplifying the provider's voice. Working with thousands of healthcare professionals and clinicians, KLAS gathers data and insights on software, services, and medical equipment to deliver timely reports, trends and statistical overviews. The research directly represents the provider voice and acts as a catalyst for improving vendor performance.


Tuesday Jan 19, 2016

The IASB Issues Major Revision for Lease Accounting

After several years and multiple exposure drafts, the International Accounting Standards Board (IASB) on January 13, 2016 issued a new accounting standard for leases, IFRS 16. The new accounting requirements aim to provide a more precise representation of lease assets and liabilities, replacing IAS 17 which was introduced over 30 years ago.

The IASB estimates that public companies using either the IFRS Standards or US GAAP have around $3.3 trillion (USD) of lease commitments, and over 85% of those commitments do not appear on their balance sheets. A prime example often used where this has significant impact is in the airline industry, where a fleet of leased airplanes may not be reflected on the balance sheet of said airline. IFRS 16 addresses this issue by requiring all leases to be reported on a company’s balance sheet as assets and liabilities. The majority of the changes in the new standard apply to lessee leases, while lessor leases, for the most part, remain similar to the previous standard.

Within the PeopleSoft Asset Lifecycle Management (ALM) suite, the two affected products are PeopleSoft Asset Management and PeopleSoft Real Estate Management. Our Strategy and Development teams have been working for years on significant enhancements to address the new accounting requirements, and we’ve invested heavily in new product capabilities and functionality that will be critical to any organization adopting the new standard when it goes into effect.

The IFRS 16 Leases standard is effective on January 1, 2019. Early adoption is allowed for organizations that will be also adopting the new IFRS 15 Revenue Recognition standard, so they can convert at the same time.

The US Federal Accounting Standards Board (FASB) has not yet updated their site or made an announcement on when they will release their standard (still expected early 2016). The two boards have differed in a few areas, so it will be interesting to see what their final standard will contain in the way of variations.

For more information, including links to additional information and documentation, please refer to the IASB's press release for the new accounting standard.

Thursday Jan 07, 2016

Oracle Lifetime Support Document Updated For PeopleSoft

Oracle’s strong commitment to invest in and support PeopleSoft has been unwavering for several years. With the January 2016 update to the Oracle Lifetime Support Document Oracle clearly illustrates its commitment to support PeopleSoft HCM and Financials (FMS/ESA/SCM) 9.2 “through at least” December 2027.

The updated Oracle Lifetime Support Document on page 9 (shown below) clearly documents support for PeopleSoft HCM and Financials (FMS/ESA/SCM) 9.2 applications extended through 2027. At this time that support is in the form of Oracle Premier Support through 2024 with the additional Oracle Extended Support through 2027. What is included in each of these robust levels of support is provided on the Oracle Lifetime Support Policies webpage.


While Oracle has previously stated support for PeopleSoft HCM and Financials (FMS/ESA/SCM) applications “through at least” December 2027, these updates to the Oracle Lifetime Support Document reflect recent changes in PeopleSoft. Changes to support timelines were driven by Oracle’s Continuous Delivery model for PeopleSoft and the advent of PeopleSoft Selective Adoption. Under Oracle’s Continuous Delivery model, PeopleSoft HCM and Financials (FMS/ESA/SCM) 9.2 applications receive new functionality and enhancements via periodic updates (PeopleSoft Update Images). The result is upgrades to a new release are not required to gain access to new features and Oracle can continue to invest in the existing 9.2 PeopleSoft release.

Oracle also understands that as time passes and the above dates approach, customers continuing to use PeopleSoft applications will need a better understanding of their support timeline horizons. Recent changes to the Oracle Lifetime Support Document also clarify Oracle’s policy for updating support dates due to Oracle’s Continuous Delivery model. Support dates are evaluated for update annually by Oracle’s PeopleSoft team. Updates to support dates would be extensions. So in the future it is possible that the December 2027 date will be extended by additional years. Support for PeopleSoft applications will be provided through at least the dates listed in the Oracle Lifetime Support Document.


Wednesday Nov 04, 2015

Oracle OpenWorld San Francisco 2015 Recap for PeopleSoft

What a week! Another Oracle OpenWorld San Francisco comes to an end and now it’s time to take a look back and recap the event from a PeopleSoft perspective. In talking to dozens of customers, a multitude of PeopleSoft partners, and the small army of Oracle PeopleSoft resources supporting the event, the overall consensus for PeopleSoft at Oracle OpenWorld San Francisco 2015 is extremely positive!

This positive experience starts with the incredibly strong adoption of the latest PeopleSoft solution. The current PeopleSoft offering (Release 9.2) was delivered in March of 2013. In session after session when the audience was asked for a show of hands if they were live or planning to implement the latest PeopleSoft release, one would see a sea of hands in the air. This validates Oracle’s measurement of PeopleSoft adoption which shows nearly 50% of the active install base is on or going to the latest PeopleSoft release.

This large population of customers on the latest PeopleSoft release is reaping the benefits of PeopleSoft Selective Adoption. PeopleSoft Selective Adoption was a major topic at Oracle OpenWorld San Francisco 2015. Customers including Susan G. Komen (supported by MIPRO), Hays (supported by Cedar Consulting UK), and NYU Langone Medical Center (supported by Deloitte) shared their successes and lessons learned while embracing PeopleSoft Selective Adoption. Oracle also shared how customers can develop an effective PeopleSoft Selective Adoption strategy by discussing various maintenance and update strategies that are documented on the PeopleSoft Update Manager (PUM) home page found on My Oracle Support [login required].

The PeopleSoft user experience enabled by PeopleSoft Fluid User Interface (Fluid UI) also generated lots of excitement last week at the event. Many customers have already embarked on projects to leverage PeopleSoft Fluid UI on mobile devices and workstations (desktops/laptops). University of California at Berkeley, Baylor Scott and White Health, Griffith University, Clackamas County, and others talked about how they started their PeopleSoft Fluid UI projects, the skill sets they needed, change management considerations, their target users, and the value of the simple and intuitive PeopleSoft user experience PeopleSoft Fluid UI delivers.

What’s driving this excitement in PeopleSoft seen at Oracle OpenWorld and across the immense PeopleSoft install base? The simple answer is the ongoing investment and innovation Oracle is making in PeopleSoft. Oracle’s PeopleSoft team laid out a series of objectives that define its ongoing investment strategy. Those objectives are:

1. Provide a modern and intuitive mobile and desktop user experience for all users.

Oracle plans on expanding on the already significant investment in user experience to make PeopleSoft Fluid UI the overall application navigation and user engagement framework. A “Mobile First” design and development approach has produced: Master-Detail 2 Panel Layouts; PeopleSoft Fluid UI Activity Guides and WorkCenters; and Resizable, Interactive, and Push-Based Titles. The end result is an expansion of the simple and intuitive user experience beyond casual users to include “expert” users.

2. Enable personalization and configuration so users can have the information they want, how and where they want it.

By facilitating deeper levels of application personalization and significantly greater application configuration, customers are able to avoid costly customizations needed to make PeopleSoft look and act the way they want it to. Related Content presents information when and where it is contextually relevant. Simplified Analytics enables end users to easily create and publish their own contextually relevant analytics. Page Composer, My Preferences, and the PeopleSoft Fluid UI version of Forms and Approvals Builder allow customers to “make PeopleSoft their own” without the need of IT or customization.

3. Deliver new application functionality and expand the capabilities of existing features.

A great user experience and a deep level of personalization and configuration are critically important, but customers still want and indeed demand more feature/functionality. Oracle delivers on this by focusing on:

  • Simplifying business process execution
  • Increasing productivity for expert users
  • Delivering key industry specific capabilities
  • Prioritizing enhancements based on customer feedback
  • Ensuring legal and regulatory compliance

Oracle publishes its robust PeopleSoft roadmap for its customers on My Oracle Support on the PeopleSoft Planned Features and Enhancements page [login required].

4. Allow customers to run, maintain, and update PeopleSoft at a lower cost.

This starts with continuing to deliver multiple updates per year and allowing customers to select the updates they want, when wanted, without requiring upgrades (PeopleSoft Selective Adoption). With that come enhancements to PeopleSoft Lifecycle Management tools like PeopleSoft Update Manager and PeopleSoft Test Framework. By far the most exciting new endeavor for PeopleSoft and the most newsworthy from Oracle OpenWorld was how PeopleSoft plans on taking advantage of the cloud and automation to lower costs.

At Oracle OpenWorld San Francisco 2015 Oracle’s PeopleSoft team began discussing how to leverage the cloud to deploy and manage PeopleSoft applications. Specifically, how to leverage cloud computing such as Platform-as-a-Service (PaaS) and Infrastructure-as-a-Service (IaaS) along with process automation to drive down costs as well as increase agility and time-to-value. The key is automating the manual, labor intensive, and prone to human error IT processes associated with managing PeopleSoft environments. That’s the focus of the PeopleSoft Cloud Architecture. Beginning with PeopleTools 8.55, the PeopleSoft Cloud Architecture can enable:

  • Fully Virtualized Infrastructure and Platform
  • Automated Configuration of PeopleSoft Instances
  • Automated Change Management
  • Automated Testing of PeopleSoft Instances
  • Automated Provisioning of PeopleSoft Instances
  • Automated Cloning of PeopleSoft Instances
  • Management of Application Clusters

It is important to note what the PeopleSoft Cloud Architecture does NOT do. It does NOT make PeopleSoft a Software-as-a-Service (SaaS) application nor does it change the licensing and support model for PeopleSoft.

Oracle is a major provider of cloud solutions. Oracle not only provides Software-as-a-Service (SaaS) applications, but also Platform-as-a-Service (PaaS) and Infrastructure-as-a-Service (IaaS) like that found in Oracle Public Cloud. It is there, in the Oracle Public Cloud, where the PeopleSoft Cloud Architecture connects PeopleSoft deeper into Oracle’s overall cloud strategy. Stay tuned for lots more on the topic of PeopleSoft on the Oracle Public Cloud, or any cloud via the PeopleSoft Cloud Architecture, in the future.

It was a very exciting Oracle OpenWorld San Francisco 2015 for PeopleSoft. Check out the online Session Catalog for posted session content. I’d personally like to thank all of the fantastic PeopleSoft customers for attending. It’s you, the PeopleSoft customers, that the Oracle PeopleSoft team looks to serve in the best way possible each and every day. Oracle OpenWorld is our opportunity to showcase to you how we are doing just that. See you next year!


Monday Oct 05, 2015

PeopleSoft @ Oracle OpenWorld San Francisco 2015

It's October and sports enthusiasts are in seventh heaven as Major League Baseball (MLB) playoffs are underway, the National Football League (NFL) is in high gear, and the National Hockey League (NHL) and National Basketball Association (NBA) seasons get underway. This October also means it is time for Oracle OpenWorld. Nearly 50,000 Oracle customers, partners, and employees will descend on San Francisco from Sunday, October 25 to Thursday, October 29. Of course PeopleSoft will be there and well represented.

As always, at this year’s Oracle OpenWorld San Francisco, PeopleSoft will have a strong presence. Check out the PeopleSoft Talk with Marc Weintraub: Oracle Open World 2015 Preview episode. In it I discuss the PeopleSoft highlights at the event including:

  • Over 110 PeopleSoft related sessions
  • 11 PeopleSoft demo pods
  • Customer and partner presenters
  • Content themes
  • Key sessions

To learn more about key PeopleSoft sessions at Oracle OpenWorld San Francisco, take advantage of these Focus on Documents:

Also, be sure to also take advantage of the online Content Catalog and Schedule Builder for the most up-to-date session information and to pre-enroll for sessions. You don't want to miss out on the great PeopleSoft content at Oracle OpenWorld San Francisco. See you there!

Thursday Oct 01, 2015

PeopleSoft Payroll for North America WorkCenter makes payroll easy

PeopleSoft Payroll for North America is proud to deliver the new Payroll WorkCenter which is used for USA and Canadian payroll processing.  The WorkCenter combines alerts, notifications, worklists, payroll processes, queries and reports into a configurable framework that can be tailored to each role based user.  It provides a one-stop-shop that will increase users’ productivity by streamlining and simplifying their work and providing access to all their needed information in one place.  This allows the user to focus on the tasks that are needed to get the payroll out the door.

Included in the WorkCenter are delivered alerts for potential payroll issues.  We provide you with visibility of common exceptions such as inactive employees who have earnings in the paylines which can potentially be paid in error, or active employees with no payline but should be paid.  We allow you to define earnings and hours thresholds to catch keying errors before payroll goes out to the door and look for data issues that could cause calculation errors.  The Payroll WorkCenter also includes transactional analytics that provide insight into your payroll data to help you audit, identify anomalies and analyze the employee paycheck data.  The goal is to identify the issues up front to reduce the number of recalculations, voided checks or manual adjustments after the paycheck has been confirmed.

For more information please see the PeopleSoft Payroll WorkCenter Video Feature Overview.



Monday Aug 24, 2015

PeopleSoft Meets Shark Tank @ Oracle OpenWorld San Francisco 2015

Maybe you have seen the show “Shark Tank” where entrepreneurs present their ideas and the best ideas are recognized and rewarded. PeopleSoft meets Shark Tank at this year’s Oracle OpenWorld San Francisco event. Do you have a business challenge that you would like PeopleSoft to solve? Do you know what the solution is, but Oracle just hasn’t developed it yet? Now is your chance to tell the PeopleSoft team your idea and attempt to make it a reality.

The Oracle OpenWorld San Francisco 2015 session “PeopleSoft Meets Shark Tank-Pitch What You Want to See in PeopleSoft” (CON8327) will consist of conference attendees presenting their ideas on how to use PeopleSoft to solve a specific business challenge. Selected presenters will have only five (5) minutes to present the challenge they are addressing and the PeopleSoft solution they are proposing. Selected presenters can use these five (5) minutes as they see fit. They can present using slides, demonstrate a prototype/mock up, play a video, or use sock puppets – whatever best communicates their solution.


PeopleSoft team members will evaluate proposed solutions and select a winner. Solutions will be judged on the following criteria:

  • The scope and importance of the business challenge to be addressed
  • How well is the business challenge solved
  • The use of the latest PeopleSoft capabilities (for example, PeopleSoft Fluid User Interface, Pivot Grids, Activity Guides, WorkCenters, and so on) in solving the business challenge
  • Presentation of proposed solution
  • Adherence to the five (5) minute maximum presentation time
  • Overall creativity

Winning solutions will be acknowledged on the PeopleSoft blog for their innovation, creativity, and vision as well as be evaluated for productization and potential incorporation into the PeopleSoft solution.  Win or lose, every selected participant will walk away with a token of appreciation from the PeopleSoft team.

Space is limited. No more than eight (8) organizations will be selected to present. All presenters must be pre-screened and qualifying ideas will be invited to present at the Oracle OpenWorld San Francisco 2015 session. To qualify you must submit a one (1) page or less abstract to me, Marc Weintraub (marc.weintraub@oracle.com) no later than Friday, October 2nd 2015.  

UPDATE: The deadline has been extended through Friday, October 9th 2015!

Your abstract should include:

  • Your name, organization, and contact information
  • The business problem you are addressing
  • A summary of your proposed solution

Qualifying presenters will be notified during the week ending Friday, October 9, 2015. Both customers as well as partners are encouraged to participate.

UPDATE: The first four (4) selected qualifying presenters will receive one (1) complimentary pass to Oracle OpenWorld San Francisco 2015!

Even if you are not participating by submitting a proposed solution you are invited to attend the session as an audience member. This should be a fun and exciting Oracle OpenWorld San Francisco 2015 session, I look forward to seeing you all there and hearing your proposals.

If you have any questions or comments, please reach out to me at marc.weintraub@oracle.com.

Thursday Jul 16, 2015

Partners Demonstrating PeopleSoft Using Oracle Enivornments? Yes Please!

There is some amazing innovation happening in PeopleSoft these days (e.g. PeopleSoft Fluid User Interface) and Oracle wants to work with our PeopleSoft partners so they can show off that innovation to our joint customers.  The Oracle Global Sales Engineering (GSE) team can provide partners access to the Oracle demonstration environments in order to support customer engagements.  The three main scenarios the Oracle Global Sales Engineering (GSE) team currently supports are:

1. Co-Selling with Oracle - Partners are engaged with the Oracle sales team for a particular customer.  In this scenario the Oracle sales team can grant approved partners access to Oracle demonstration environments.

2. Partner Reselling - Partners can gain access to Oracle demonstration environments for their own use.

3. Guest Access - Used for "contractors" or customers that desire access to Oracle demonstration environments.  The Oracle sales team must be engaged and approve access.  This is temporary access in which after it is used the Oracle demonstration environment is refreshed to ensure sensitive data is not inadvertently shared.

Full details for partners gaining access to Oracle demonstration environments for PeopleSoft through Oracle Global Sales Engineering can be found at https://demo.oracle.com.  Click on "Help/Info" > "Working with GSE" (sub tab) > "Working with Partners".

Special thanks to the Oracle Global Sales Engineering (GSE) team for providing much of the content used here.


Tuesday Jun 30, 2015

Top Technology Initiatives for Today’s Finance Professionals: Survey Results & Strategic PeopleSoft Alignment

Greetings PeopleSoft Strategy Blog Community.

Let’s begin with introductions…my name is Maria Pollieri and I am a bean counter.  I am the newest member of the PeopleSoft ESA Strategy Team, and key strategist for the PeopleSoft Project Costing, Proposal Management, Program Management, and Resource Management suite.  I stumbled my way into PeopleSoft back in the mid 1990s with then, a finance background in external auditing (PWC) and as a former assistant controller at a Swiss watch manufacturer (Movado).   I implemented PeopleSoft FSCM applications for 10 years, and most recently, spent 10 years solutioning PeopleSoft FSCM applications at Oracle.  

I will be blogging to share with you my passion around enabling the finance profession with technology.  Applying technology to streamline business processes for accountants is what I’m all about.  My posts will help finance professionals in articulating the value of a PeopleSoft investment to their executives, their day-to-day users, their technology partners and the entire Finance Ecosystem.  

Where do I begin?  That’s easy…let’s start with this year’s 25th Anniversary Issue of the  Top Technology Initiatives Survey published in  the AICPA’s Information Management and Technology Assurance Section’s annual whitepaper.   As a contributor, I am quite familiar with this whitepaper, and a few times a year, I present the findings to the CPA community as a Certified Information Technology Professional (CITP).  Thousands of CPA’s are requested to participate in this annual technology survey.  Accounting professionals identified security, managing data, ensuring privacy, and managing IT risks and compliance as their key IT priorities. 

How do the results of this survey relate to the PeopleSoft FSCM Community?  Let’s take a closer look...

Securing the IT Environment 
IT security is a topic that’s ‘bigger than a breadbox’ for CPAs.  It spans the physical realm, and through the layered virtual realm.  In the end, it’s still the finance professional that attests to the integrity of all financial data, and that will not change.  Finance owns the data, right?  
Let’s focus this thread with what I feel is the weakest link, the spreadsheet.  The strategic roadmap at PeopleSoft is focused on key design tenants simplifying employee self-service.    This includes embedded Pivot Grids to allow for native spreadsheet-like slice and dice features, real-time drag and drop operational results, and a layered Pivot Grid security model based upon query security, pivot grid model type security and pivot grid roles.  Why build operational reports by way of static, unsecure, vulnerable and latent spreadsheets?  PeopleSoft Pivot Grid results can be rendered via adaptive user interfaces that are optimized for nearly any mobile device and platform independent, to allow you to keep your data secure at all times.

Managing and Retaining Data
As the PeopleSoft customer community matures, volumes of data increase.  Not a problem.  Why?  The Oracle mantra is Hardware and Software:  Engineered to Work Together.   Built on Oracle Engineered Systems, Oracle PeopleSoft In-Memory Project Discovery correlates structured and unstructured project data to enable organizations to answer complex questions at unprecedented speeds and serves up the insight via interactive dashboards targeted at the needs of project, program, and resource managers and executives.
Furthermore,  we overlaid large volumes of data by introducing  exception processing functionality a few years ago with the PeopleSoft Workcenter, and have been expanding its adoption, and capabilities ever since.  In the ESA/ALM suites, we now have configurable workcenters to manage grants, projects, staffing, contracts, resources, programs, expenses assets and maintenance. Systematic and dynamic query-based rules now alert managers, super-users, accountants and auditors to allow them to monitor unprocessed transaction activity previously requiring many additional steps to resolve.  The dashboard charts and grids allow for immediate visualization of workcenter tasks and work flows.  
To streamline back office processing we introduced the PeopleSoft Business Process Weaver (BPW) to allow for straight through execution in either parallel or in sequence as part of a lights-out business process.  
The PeopleSoft Data Archive Manager supports archiving of records with attachments, and the user interface has undergone a significant revision to make it easier for finance super users to navigate.

Ensuring Privacy
PeopleTools Pluggable Cryptography is an advanced security framework that provides a security model for applications to encrypt credit card data. The system encrypts data using 3DES algorithms and 168-bit encryption keys. Use of PeopleTools Pluggable Cryptography supports compliance with the cardholder data protection requirements of the Payment Card Industry (PCI) Data Security Standard and with Visa's Cardholder Information Security Program (CISP).  PeopleSoft Expenses uses this feature to enhance credit card security by encrypting credit card information received into the PeopleSoft Expenses application.
Personally Identifiable Information (PII) resides in a secure PeopleSoft HCM application, and is protected at rest and in transit, to be securely leveraged dynamically by the FSCM Approval Workflow Engine to route rules-based configurable approvals throughout all core transaction cycles.  
The PeopleSoft Integration Broker can be leveraged to expose PeopleSoft business logic as a web service to PeopleSoft and third party systems leveraging secure and standards web-based protocols.
Finally, the Oracle ecosystem fully supports PeopleSoft peripherally by way of Oracle Identity Management, Oracle Enterprise Manager, Oracle Database Vault, amongst others as complete solutions with embedded privacy features.

Managing IT Risks and Compliance
Every project is subject to risks that can lead to increased costs, delayed schedules, and increased resource requirements. Failure to manage these risks often arises from the inability to decide what to do, when to do it, and whether enough has been done.  Project Risk Management, a feature of PeopleSoft Program Management, addresses these challenges with the functionality to:
Identify risks that impact projects and document their characteristics.
Develop procedures and techniques to enhance opportunities and reduce threats to the project’s objectives.
Monitor residual risks, identify new risks, execute risk reduction plans, and evaluate their effectiveness throughout the project lifecycle.
Our customers can further reduce IT costs and enterprise-wide risk through increased visibility into the project portfolio by way of the PeopleSoft Program Management robust two-way integration with Oracle’s Primavera P6 Enterprise Project Portfolio Management
Let’s take a step back, and look at the bigger picture around risks and controls, since this topic is a key strategic focus area for PeopleSoft and Oracle at large.   For the past decade (since 9.0) we have been enhancing embedded controls within the PeopleSoft solution with GRC features to dramatically improve the period close, maximize cash / reduce liabilities, and increase control with transaction level security.   Oracle Governance, Risk and Compliance features set the standard for enterprise risk management, regulatory compliance, and effective controls enforcement;  Oracle GRC is also an integrated and key component of the end-to-end PS FSCM solution. The platform integrates documentation and process management, automated controls enforcement, and business intelligence to provide comprehensive capabilities for compliance and risk management requirements.

Interested in discussing this topic further?  Please reachout via maria.pollieri@oracle.com, or @Maria_Pollieri.  Have a nice day.


Monday Jun 22, 2015

Feedback and Questions from our PeopleSoft HCM Customers

Two weeks ago the PeopleSoft team attended OHUG and HIUG conferences. During our PeopleSoft HCM Roadmap sessions we had customers sharing their experiences with today's PeopleSoft HCM.

Special thanks to Baylor Scott and White, Lucile Packard Children’s Hospital, Northern Trust, State of North Dakota, and Thomas Jefferson University for being on stage with us to show and share what they have been able to accomplish with today's PeopleSoft HCM. Their testimonials were amazing and energizing. Our customers are already capitalizing on the benefits of PeopleSoft Selective Adoption and the new PeopleSoft user experience that can be delivered by adopting PeopleSoft Fluid User Interface (Fluid UI). Margaret Pellarin, Director Human Resources for Lucile Packard Children’s Hospital, demoed her own PeopleSoft Fluid UI Employee Home Page during our OHUG Roadmap session. Margaret said she has already seen the positive impact the new Self Service capabilities have had on her employee base and her organization has a very aggressive plan to keep deploying new self service functionality.

Our customers are going through a transformation process, the same way PeopleSoft is. I recently read an article regarding General Electric (another Customer I met with during OHUG) that made me think of how PeopleSoft has evolved over time. The article stated “At GE, we have stayed competitive for more than 130 years because of our relentless quest for progress on all fronts … a constant reengineering of our business portfolio, operating model, and culture has been a key to our evolution.”

I have been with PeopleSoft for 13 years now. The changes that have been introduced in our PeopleSoft technology stack and applications in the last 5 years are a clear demonstration of modernization and progress and are in my opinion unprecedented. We needed to change our business processes, from strategy, to development, to quality assurance to documentation. We needed to change the way we were doing things at all levels. We had to become more agile to respond faster to changes in the market. It has certainly been a cultural change and not different from what our customers also go through to respond to today’s business challenges.

In spite of all the great innovation, modernization and change in the PeopleSoft products, there are two questions that are always lingering in our customers’ minds:  “What is the future of PeopleSoft” and “Is there an end of life for PeopleSoft?” I got those questions several times during OHUG and HIUG conferences.

One of the reasons customers ask that question is Cloud. The message some of our customers are getting is that for them to respond to their business challenges and to satisfy the needs of their digital workforce they need to move to cloud. Cloud was one of the reasons why PeopleSoft needed to change. For PeopleSoft to remain competitive we also needed to address the business needs Cloud solutions are addressing: faster pace of innovation, lower cost of ownership, and a modern and engaging user experience. PeopleSoft leverages the R&D Oracle does for its Oracle HCM Cloud products and it's extremely beneficial for the PeopleSoft products.

Many of our customers are now running PeopleSoft on private Cloud and this allows them to take advantage of some of the benefits of a cloud type of environment while still having the ability to leverage their in-house PeopleSoft skills and knowledge. As I communicated during my sessions at OHUG and HIUG, our customers will soon see some amazing PeopleTools enhancements that will benefit IT groups who offer PeopleSoft services (being your own IT department or a Service Provider). They will benefit from capabilities such as auto deployment of test/development environments, auto scaling based on load, and more. There is no end of life for PeopleSoft and it is Oracle's intention to keep modernizing and innovating PeopleSoft so you can address today and tomorrow’s business needs using our products. More and more of our customers are now using PeopleSoft HCM and using Oracle HCM Cloud, because they are getting the best of both.  

Carrie Jo Howard, System Director at Baylor Scott and White, shared a very interesting story with the audience at HIUG. Carrie and her team needed to go through the HR software selection process twice. First when they were Scott and White and then after they merged with Baylor. In both opportunities, after detailed analysis they chose PeopleSoft HCM. Carrie shared with the audience at HIUG that although she and her team certainly liked the bells and whistles of some new software packages, they knew how strong PeopleSoft HCM was since they had already looked at it 'under the covers.' She also knew what they were now getting with the new Selective Adoption Model and Fluid technology that gives them the 'bells and whistles' her organization wants and needs. Baylor Scott and White also uses some of our Oracle HCM Cloud products that are integrated with Peoplesoft.

I encourage PeopleSoft customers to talk to other PeopleSoft 9.2 customers so you can get the information you need to make the right call for your organization. The PeopleSoft HCM team will keep working for and with you! Thanks to all our customer for the great conferences in Vegas.

Monday Jun 01, 2015

Legislative Update for PeopleSoft HCM - Affordable Care Act

PeopleSoft is pleased to announce the new Affordable Care Act Information Center located out on My Oracle Support Document ID 2013421.2. The Affordable Care Act Information Center is a one-stop shop page to obtain the information on the Affordable Care documentation. This new page includes links the ACA Position Paper, delivered enhancements, corresponding documentation, FAQs, examples of use cases, ACA Component Interface setup instructions, and links to our upcoming and recorded webcasts.  Please check it out and give us your feedback on what you like, what you don't like and what additional information you would like to see.


Tuesday May 12, 2015

Supplier Lifecycle Management – New, Innovative, and Exactly What You Need

It has been over 2 years since Oracle PeopleSoft first introduced the new self-service Supplier onboarding capabilities in Release 9.2. Customers across industries are excited about improving data management and potentially saving hundreds of dollars in administration costs per Supplier by converting their manual onboarding processes to a completely electronic, role-based, template-driven method. New Supplier profile questions in Release 9.2 help customers manage Supplier diversity, certification and other Supplier attributes and attachments. Customers are also taking advantage of the Supplier Administration WorkCenter for centralizing all of the tasks of administering Suppliers, and providing deep visibility and insight into bidder and Supplier registration request profiles through three new Supplier registration pivot grid analytics. Why is this important to you? Because electronically managing the administration activities around a Supplier and making them more self-sufficient frees your staff for more value-added tasks that can save an organization several hundreds of dollars per Supplier. Multiply this savings by your total number of Suppliers and you can quickly see that implementing an electronic self-service Supplier registration tool can conservatively save an organization millions of dollars.

Thanks to PeopleSoft Selective Adoption, we have delivered several additional Supplier Lifecycle Management (SLM) enhancements on top of the Release 9.2 code line, and you will be seeing a plethora of additional SLM enhancements rolled out over time. These enhancements are focused on helping you strategically manage your Suppliers and ensure compliance while improving Supplier performance and relationships. You will notice an improvement in data management and accuracy while reducing Supplier risk, giving you more time to focus on your core business while PeopleSoft helps improve the bottom line. More specifically, we are addressing the challenges we have heard that you are facing around administering and monitoring Supplier-related activity.

For example, inevitably Supplier profile information will change over time and you need a way to capture up-to-date information about your Suppliers while ensuring data accuracy and approvals around Supplier master updates. In Image 11, PeopleSoft introduced the new Self-Service Supplier Change Request, a configurable template-driven tool for capturing Supplier profile changes, and routing these change requests through approval workflow prior to updating your Supplier master.

You may be looking for tools to help you tactically and strategically manage your Suppliers. In Image 10, PeopleSoft added a new Supplier 360 Degree view of all information related to a Supplier that gives you full visibility and oversight into spend, compliance and performance. And from here, you can access the new Supplier Comparative Analysis tool and compare these elements across multiple Suppliers to help identify, for example, opportunities for new contracts or Suppliers that are underperforming.

PeopleSoft has plans to deliver additional Supplier Lifecycle Management capabilities to meet your business needs. We hear from many of you that keeping track of diversity status and other credentials are a challenge, yet a requirement for state and federal reporting mandates that you keep this information current and accessible. You may also have requirements around making sure Suppliers are qualified to do business with you, and remain qualified over time. This could extend to verifying credit risk, making sure up-to-date certifications are on file, signing off on references, proactively monitoring performance and reviewing safety records. Supplier Scorecarding is another capability requested from many of our customers. Scorecarding may include subjective performance indicators such as responsiveness and customer service, and also factor in electronically-captured Supplier key performance indicators to give you an overall Supplier ‘score’. Finally, what is the Supplier’s user experience when they interact with your system using PeopleSoft’s Supplier-side facing pages via the Supplier Portal? It’s important that the application is intuitive and helps guide the Suppliers to the exact information or activity that is most important to them, and most useful for you.

PeopleSoft has been working with our customers to design solutions that are focused on addressing these business needs. Most of these enhancements are planned to be available with a PeopleSoft Purchasing or Payables license with no separate license requirement! Look for new Supplier Lifecycle Management solutions becoming available soon. 

Thursday Apr 16, 2015

First to Fluid UI

Have you recently deployed our game changing PeopleSoft Fluid User Interface (Fluid UI)?

Would you like to be recognized as one of our first customers who have taken advantage of all the benefits allowed by the new user interface?

PeopleSoft Fluid UI is another game changer for PeopleSoft and demonstrates the innovation Oracle continues to make in PeopleSoft. With the initial delivery of PeopleSoft Fluid UI content in late 2014, Oracle is eager for PeopleSoft customers to adopt it and share their experiences. Oracle is looking for five PeopleSoft customers that have deployed PeopleSoft Fluid UI and to recognize them as leading PeopleSoft customers, and win fabulous prizes!

In order to participate:
1) You must be a customer, or a partner representing a customer
2) PeopleSoft Fluid UI must be deployed in a production environment and actively used
3) The customer (either directly or via a partner with approval) must be willing and able to share the story publicly
If you think you are one of the First to Fluid, contact us at psoft-infodev_us@oracle.com and tell us your PeopleSoft Fluid UI story!


Sunday Mar 29, 2015

OpenWorld Call for Proposals is LIVE!

OpenWorld Call for Proposals is LIVE!

It seems like it was just yesterday we were at Oracle OpenWorld 2014 in San Francisco and here we go again.  This year Oracle OpenWorld will be October 25–29, 2015 in San Francisco.  The call for proposals for Oracle OpenWorld 2015 is now LIVE!  That means it is time to submit your session proposals for evaluation by the Oracle OpenWorld content teams (including yours truly).  As with every Oracle OpenWorld there is an incredibly limited number of available sessions.  So in order to increase the chances of your submission being selected here are some helpful guidelines:

  • Customer success stories are the most desirable.  Partners are great but nothing beats hearing directly from customers.
  • PeopleSoft 9.2 has been generally available for over 2 years with hundreds of live customers, sessions addressing that release or release independent topics will take priority.
  • PeopleSoft Fluid User Interface will be a hot topic at the event, customer success story sessions on this will be sought after.
  • Customers want to hear about best practices with PeopleSoft Selective Adoption and using PeopleSoft Update Manager, please share your best practices.
  • PeopleSoft and the Cloud, are you outsourcing your PeopleSoft to Oracle or a partner, have you adopted Oracle Cloud applications along side your PeopleSoft applications?  If so those are stories the audience would be interest in.
  • As much as possible sessions should share business objectives in addition to how they were accomplished and the technology used, quantifying business value delivered by PeopleSoft is tremendously helpful to a submitted session. 

So do not delay, submit your proposal today!


Wednesday Feb 04, 2015

Separating Billing and Revenue in Support of the New Revenue Accounting Standard

The Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) issued new revenue accounting standards in May 2014 with an effective date of 2017. PeopleSoft FSCM Update Image 10 includes enhancements to PeopleSoft Contracts and Project Costing to support customers in their transition to the new accounting standards.

Separating Billing and Revenue

Enhancements provide customers the option of defining prices for revenue separate from prices used for billing. With new Contracts functionality, customers can identify a total contract price for revenue and for billing and then allocate that price across contract line items. The price assigned to a contract line for revenue recognition may be different than the price of the line item for billing. In Project Costing, new revenue rate sets can identify rates and markups for revenue recognition that are different from the rates and markups used for billing and the related contract line limit for revenue recognition may be different from the billing limit. In addition, new attributes were added to the contract enabling customers to identify prime contracts from subcontracts and at the contract line level a new bundling attribute was added allowing customers to group related contract lines.


Exhibit 1: Separating Billing and Revenue on a Contract

Additive

The new revenue pricing functionality is additive. At the contract level, customers define if prices for billing and revenue should be maintained separately. Contracts that do not need separating pricing for revenue can continue using a single amount for both billing and revenue. Other PeopleSoft modules with existing automation to create contracts and recognize revenue, such as Pay/Bill Management and Grants, have the option of using the new functionality in the PeopleSoft Contracts and Projects modules.

Exhibit 2: Contract General Page

May Be Applied to Existing Contracts

After applying new functionality, most existing contracts will be identified as not having separate prices for billing and revenue as this was the case under prior versions. However, we expect customers will be reviewing their existing contract base for impact over a period of time and that some existing contracts will need to separately define revenue while others may not. The new functionality allows customers to update existing contracts to take advantage of new pricing functionality as that analysis occurs. Other contracts that are still being analyzed for impact can continue functioning as they did under prior versions until their review is complete.

Exhibit 3: New Revenue Allocation Page

Additional Information

For additional detail on the project and the enhancements included in PeopleSoft FSCM Update Image 10, customers can review the Oracle PeopleSoft Red Paper ‘Separating Revenue from Billing’ under My Oracle Support.

About

This blog is dedicated to topics focused on PeopleSoft Applications, including Human Capital Management, Financials, Enterprise Service Automation, Asset Lifecycle Management, Procurement, Supply Chain and Customer Relationship Management.

For information about legislative updates to our PeopleSoft Applications see the PeopleSoft Legislative Updates Blog.

For information about PeopleTools see the PeopleSoft Technology Blog.

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