10 Innovations in PeopleSoft 9.2 - #6 Industry-Focused Analytics & Tools for PeopleSoft Projects (ESA)
By Roxanne Johnson on Apr 29, 2013
PeopleSoft ESA delivers unique industry support for staffing, higher education, healthcare, research grants, public sector appropriations, professional services, government contracting, and more. Release 9.2 re-confirms our commitment to the industries that rely on our products.
Many of the key 9.2 features have been built through hands-on collaboration with customers. For a number of these highly complex features, we even sent our developers to customer sites to work through requirements, designs, development, and testing. In addition, participation in customer and partner testing was exceptional, resulting in delivery of deep use case coverage that was rigorously vetted by your industry peers. Adopting features designed in this manner can dramatically reduce your deployment challenges and risks, because people like you, who work with these features every day, aggressively exercised the functionality before it was released.
Let’s take a look at a few examples of what you can get out of PeopleSoft Projects 9.2.
For Higher Education, Research, Healthcare and Public Sector, users gain a number of new tools and enhanced accounting processes to easily view and manage budgets, spending, and adjustments for both sponsored and non-sponsored projects. Based on configurable security parameters and enhancements to the Principal Investigator (PI) Grants Portal; PIs, researchers, and accounting staff can acquire immediate insight into key financial information at a granular level in order to make informed spending and project staffing decisions. Staff can quickly access important details, such as all of a PI’s related awards and projects, credits, rebills, adjustment period transactions, and project transfers, and they can improve their ability to manage their fiscal responsibilities. To support legislative, regulatory, and institutional analysis and reporting needs, institutions can configure (without having to customize) industry-specific data fields by utilizing the PeopleSoft Supplemental Data Framework which has been extended to awards and projects. Also, requesters, buyers, and accounting staff can reduce the administrative effort required to track and capitalize equipment costs. They can take advantage of the new Procurement Group feature, which enables grouping of requisition and purchase order lines that correspond to a single asset. And, PeopleSoft 9.2 also offers the ability to control how to allocate credit vouchers across assets that may have been purchased as a group. These new accounting-related features offer a simplified process for tracking capital projects that is very common among these industries.
Professional Services and Government Contracting firms will find powerful new pricing and expense management features to be very useful in addressing the complexities of global contracts, provisional rates, and enforcement of travel and expense policies across a disparate workforce. The new Custom Rates capability enables pricing administrators to dynamically configure contract and project rate sheets by up to 5 dimensions of their choosing. For instance, you could identify cost and bill rates by source type and vendor; jobcode and department; or fund, role, department, and region and know that the software will price, bill, and recognize revenue accordingly. Financial analysts and contract administrators can apply retroactive rate adjustments, account for finalization of provisional rates, and correct rate errors quickly and easily with Variance Pricing. What used to be a complex recalculation requiring a great deal of attention from accountants is now an intuitive online mass update that can process tremendous volumes of changes rapidly and thereby ensure timely, accurate project financials. On the expense management side, finance departments can configure global per diem business rules to handle the unique reimbursement methodologies and deductions found around the world, and every user can power through expense report entry faster with a new, streamlined expense reporting page.
For the Staffing Industry, branch teams and individual recruiters can manage their clients, candidates, orders, and assignments through a client-specific, fully integrated on-boarding process. Whether you are a manager, a team member, or an individual recruiter, you can proactively manage critical accounts, orders, and high-value candidates and address the need for speed with actionable, user-configurable dashboards, alerts, and analytics. You can drive business processes faster, increase revenue, and offer an unparalleled level of customer satisfaction by seeing the data you need to see, the way you want to see it and take action on it immediately from a single location. It has never been easier to drive profitability with rapid, high-quality order fulfillment.
As you can see, a rich feature set targeted for the unique demands of our customers’ industries is available with PeopleSoft ESA 9.2. Beyond what we have described here, there are many other new capabilities for other industries, and regardless of your industry, you will find that we have exploited the latest PeopleTools technologies, such as WorkCenters, Pivot Grids, and Related Actions, to help simplify every user’s experience when interacting with the applications. With PeopleSoft Projects 9.2, you can see what you need to see, the way you need to see it, when you need it. Take a look at 9.2…we think you’ll like it.