Wednesday Aug 21, 2013

Oracle Hosts PeopleSoft Customer Advisory Boards

The PeopleSoft Customer Advisory Boards met last week at the Oracle Conference Center in Redwood Shores.    Over 180 customer attendees representing 113 member companies participated as well as our partner sponsors for the CAB:    Accenture, Grey Heller, Infosys,  MIPRO and SmartERP.   The CAB included three days of  product breakouts, round tables and keynotes covering the PeopleSoft roadmap and customer feedback across HCM, Financials, ESA, ALM, Procurement and Technology.     In addition there were customer presentations covering  best practice topics such as leveraging the PeopleSoft Interaction Hub and using org modeling as a strategic planning tool.    Customers were also provided deeper insight into the newly delivered PeopleSoft 9.2  with focus on  lifecycle management tools using the PeopleSoft Update Manager.   The event was well received by customers.    Rich Harvey, from Boise, summed up the experience this way:

"The recent PeopleSoft Customer Advisory Board meeting showed just how deep Oracle’s commitment is to both the product line and the customers of PeopleSoft. The CAB is just one of the many venues available to the PeopleSoft customer to discuss and offer observations about the PeopleSoft product line and Oracle’s strategy. Although PeopleSoft 9.2 was just recently released with its own set of increased functionality, new technologies and substantial improvement to the end user experience, PeopleSoft gave the CAB a view of the future. The exciting part of looking at the future enhancements to functionality, technology and end user experience is the realization that the customer may not need to wait for these until the next major release.  The new capability,  PeopleSoft Update Manager (PUM), will allow customers to incorporate new functionality into PeopleSoft 9.2 when they become available in a manner much easier than the past methodology.    PeopleSoft never left, always delivered value - but hey, they are here in a big way." 

Executive Q&A PanelCAB General Session

Wednesday Jul 11, 2012

PeopleSoft HCM and FSCM 9.2 Release Value Propositions

PeopleSoft Human Capital Management (HCM) and Financials and Supply Chain Management (FSCM) are world-class solutions for organizations of every size, region, and industry. Oracle’s planned product roadmap for PeopleSoft applications is to deliver valuable, needed features for all of an organization’s constituents along three design principles — Simplicity, Productivity, and Lowered Total Cost of Ownership — as well as new application functionality as prioritized by our customers.

The upcoming 9.2 releases of PeopleSoft Human Capital Management, Enterprise Learning Management, Asset Lifecycle Management, Enterprise Service Automation, Financial Management Solution, Supply Chain Management, and Supplier Relationship Management focus on these themes of Simplicity, Productivity, and Lower Total Cost of Ownership while also delivering robust new functionality to help your organization succeed.

The recently published PeopleSoft HCM and ELM 9.2 Release Value Proposition and PeopleSoft ALM, ESA, FMS, SCM, and SRM 9.2 Release Value Proposition provide overviews of the new features and enhancements planned for these applications for Release 9.2. These documents offer customers a road map intended to help them assess the business benefits of upgrading to the 9.2 release while also helping them plan their IT projects and investments. (Links are to My Oracle Support pages, available to customers and partners.)

Oracle continues to deliver enterprise-wide features that enhance our customer ownership experience and helps them run their businesses more efficiently and profitably. With the HCM and FSCM 9.2 releases, we continue to abide by this firm commitment we’ve made to our customers.

Friday Feb 24, 2012

PeopleSoft Long Term Investement Plan and Roadmap

I'm often asked by customers, what's next for the PeopleSoft product line? It's a topic we love to discuss, as there are a lot of great things happening with the PeopleSoft products as you might have seen in our recent Feature Pack 2 announcements and YouTube postings. Striving to put more of this information in the hands of our customers, last year we published a multi-year roadmap that went well beyond a typical statement of direction for the next planned release. It included both functional and technical directions for all PeopleSoft products over multiple years. A number of the features highlighted in this original roadmap document have now been delivered with the culmination of 9.1 Feature Pack 2 and PeopleTools 8.52. We've now included additional updates for PeopleSoft 9.2 and beyond.

This document is available on My Oracle Support for all Oracle customers with a valid MOS login:

PeopleSoft Long Term Investment Plan and Roadmap

Tuesday Aug 02, 2011

IASB and FASB to re-expose proposal on upcoming lease accounting changes

On July 21, the International Accounting Standards Board (IASB) and the US-based Financial Accounting Standards Board (FASB) announced they would re-expose their revised proposals for a common leasing standard. This standard is being developed as a joint convergence project for IAS 17/ASC 840 (formerly FAS 13).

While re-exposure for the Boards can be somewhat atypical, the decision to do so in this case was not surprising considering the vast scope of the proposed changes. In a sense, introducing a new comment period seemed unavoidable as there have been significant revisions to the initial exposure draft since it was first published back in August 2010.

What does this mean in terms of timing? A revised exposure draft is expected in the fourth quarter of 2011, with the final standard sometime around mid-2012.  From an adoption standpoint, there is no official effective date (as of yet), however the Boards have previously communicated that it likely would not be any earlier than 2014. There’s a good chance that their decision to re-expose may push that out even further, although that is purely speculation at this point.

Some of the causes for the delays have been a much larger than expected number of responses, significant concern over the cost of reassessing all leases, and comments that the complexity of measurement could spiral to unsustainable levels. The biggest gray area, however, centers on the lessor accounting model. The original overarching goal was to have a single lease standard for both lessee and lessor accounting. The Boards have been discussing whether to have one or two lessor accounting models – the FASB has been leaning towards two (as proposed in the exposure draft), while the IASB seems to prefer a single model. It’s possible that this difference of opinion could result in the Boards breaking down the lease standard, which may allow them to issue the lessee accounting standard (somewhat on time), while delaying the lessor accounting standard to an unknown future date.

So what does all this mean for PeopleSoft customers? As always, Oracle has been monitoring the development of the new standards and our Applications Unlimited and Fusion Development teams have been working closely together to analyze the changes and craft a consistent solution. We are also providing feedback to the Boards from a software vendor perspective to ensure they allow the industry a reasonable timeframe to accommodate the new standards, as well as provide customers enough of a window for implementation and conversion.

From a product perspective, the lease accounting changes primarily impact the PeopleSoft Asset Management and Real Estate Management products, part of the PeopleSoft Asset Lifecycle Management (ALM) suite. The new standards introduce significant functional overlap between our products, which is good in that it will allow us to better leverage our shared feature set (and vast integrations across the FSCM environment) as we add new capabilities.

We invite customers to participate in providing feedback on our design enhancements for lease accounting. If you are interested, please send an email to mailto:howard.shaw@oracle.com or mailto:loida.mcdearis@oracle.com. Stay tuned, as we will continue to comment as more developments arise.

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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