Wednesday Mar 26, 2014

Can PeopleSoft Projects' Funds Distribution Capabilities Help Your Organization?

In the past four months, several Public Sector entities have asked us whether the PeopleSoft Projects (ESA) applications can help them in this age of increased accountability and scrutiny. As we conversed about the challenges of tracking money provided by multiple appropriations, it very quickly became apparent that many of these Public Sector customers and prospective customers were not aware of the vast PeopleSoft fund management capabilities they either already owned and had not yet deployed or could implement as part of their PeopleSoft Financials solution.

If you work for an entity that taps multiple sources of funding for its projects, please keep reading to learn whether the PeopleSoft Projects suite's Multiple Funds Distribution (MFD) can help you accomplish more.

Who needs MFD?  Organizations that invoice and receive payment from one or more other entities to fund their projects are likely to benefit from MFD. Some examples of organizations that use MFD are metro area transit agencies and state highway departments of transportation, which typically pay for their capital projects with funds from Federal agencies (e.g., the Federal Highway Administration), state agency appropriations, and their own capital budgets. Beyond transportation-oriented organizations, MFD can be utilized by public school districts, hospitals and medical schools affiliated with public universities, non-profit agencies, and any other type of organization that has its mission funded by one or more appropriations. (Even a commercial enterprise that has its projects funded by multiple customers can benefit from MFD.)

What is Multiple Funds Distribution?  MFD is a major feature contained in the PeopleSoft Project Costing application. In short, the MFD feature contains a framework for you to setup rules that will dictate how a project is going to pay for each transaction it incurs and a process that applies those rules to incoming transactions. As your organization executes the project, the MFD feature works with other major functions in PeopleSoft Project Costing, such as Pricing Engine, Limits Processor, Accounting Rules, and more, to ensure that each cost booked to the project is distributed to the proper funding source. There is a great deal of flexibility in MFD's rules enabling you to effective date them, set thresholds after which the participation rates change, copy rules from one project activity to another, and simplify the accounting required for projects with complex funding agreements.

Why is MFD in the PeopleSoft suite?  We built this feature, because a large percentage of our PeopleSoft Financials applications customers are Public Sector entities, such as state and local governments and agencies, universities, and healthcare providers, whose mission is funded by multiple external parties.

When was MFD released?  We made MFD generally available in the 9.1 release of PeopleSoft Financials Supply Chain Management, and since its initial release, we have enhanced it to simplify the administration of rules based on feedback from customers who have implemented and use MFD.

Where and how can I find this feature?  If you implement or upgrade to either the 9.1 or 9.2 release of PeopleSoft Financials Supply Chain Management, you will have the ability to activate the MFD feature in PeopleSoft Project Costing.

Monday Oct 08, 2012

Support Changes for PeopleSoft Applications

To ensure Oracle’s PeopleSoft applications customers continue to receive world class support from Oracle and have ample opportunity to upgrade to PeopleSoft Release 9.2, Oracle recently announced the following changes to Oracle’s Lifetime Support:

  • Extended Support for PeopleSoft Release 9.0 until June 2015
  • Waiver of Extended Support Fees on PeopleSoft Release 9.0
  • Waiver of Extended Support Fees on PeopleSoft Release 9.1

The extension of Oracle Extended Support for PeopleSoft Release 9.0 applications from various months in 2014 to June 2015 is documented in the “Oracle Lifetime Support Policy” for Oracle Applications found here: http://www.oracle.com/us/support/library/lifetime-support-applications-069216.pdf

The waiver of Oracle Extended Support uplift fees on PeopleSoft Release 9.0 and PeopleSoft Release 9.1 applications is documented in the “Oracle Software Technical Support Policies” found here: http://www.oracle.com/us/support/library/057419.pdf

Furthermore, Oracle also recently announced Oracle Advanced Customer Support (ACS) service offerings for PeopleSoft Payroll for North America and PeopleSoft Global Payroll Release 8.9* to provide tax, legal, and regulatory updates. For more information on the Oracle Advance Customer Support (ACS) service offerings contact acsdirect_us@oracle.com.

*select country extensions only including: France, Spain, Mexico, United Kingdom, India, Australia, and New Zealand

COLLABORATE 13 Call for Papers

Attention PeopleSoft customers!  Speak at the largest user-led PeopleSoft conference of the year and attend for free!

Interested in submitting a presentation for COLLABORATE 13? October 12 is the deadline to submit your abstract. The COLLABORATE 13- Quest forum is your home for high-level education sessions around PeopleSoft.

Presenting doesn’t just mean giving a solo lecture: you can present with a vendor, give a demonstration (internet will be provided), facilitate a hot topic discussion or even offer best practices from an experience your company has been through. Remember, to submit an abstract now, all you need is a short description of your presentation.

Think you don't have a story to tell? Think again! Check out the COLLABORATE 13- Quest forum now to better understand what we are looking for. A selection committee of other PeopleSoft users will review all sessions and select the most relevant, customer-focused sessions possible to make COLLABORATE a great learning experience for everyone. Don't forget, one speaker from each session selected will be eligible to receive a complimentary registration to the entire event *some rules apply.

Also, don’t forget to include your functional counterpart. The selection committee is looking to increase the amount of functional users attending and want to help them glean the most out of the event.

Thank you for your time and please let the selection committee know if you have any questions about submitting a presentation. We look forward to seeing you at COLLABORATE 13 in Denver!

Quest's COLLABORATE '13 website - http://www.questdirect.org/collaborate

Friday Apr 15, 2011

Enabling Enterprise Project Portfolio Management with Packaged Integration to Primavera P6

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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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