Monday Oct 14, 2013

PeopleSoft Services Procurement Highlighted by Leading Industry Analyst

PeopleSoft Services Procurement, part of the PeopleSoft Supplier Relationship Management (SRM) 9.2 suite of applications, was the subject of a positive article written by Jason Busch of the leading industry analyst firm Spend Matters.

The article highlighted new functionality in PeopleSoft Services Procurement, as well as the value of exploiting the integration advantages of a unified solution across all aspects of the business. For example, enhanced 9.2 integrations enable PeopleSoft Resource Management and Services Procurement to streamline the shifting of a search from internal to external resources, enabling organizations to accelerate the deployment of the best mix of resources (internal and subcontractor) on a project.

In addition, new inbound timesheet integration from external suppliers (via web services) eliminates the need for time sheet entry in two separate systems (customer and service provider). This can reduce the time to approve and settle.

By managing the entire outsourced services process from request through settlement, PeopleSoft Services Procurement enables organizations to lower service costs and collaborate with suppliers, thus helping to balance global workforce needs and contingent labor spend.

The entire Spend Matters article can be accessed here:

Monday Jun 17, 2013

10 Innovations in PeopleSoft 9.2 - #3 Enhanced Supplier and Employee Self-Service in Supplier Relationship Management

PeopleSoft Supplier Relationship Management has introduced enhanced Supplier and Employee self service capabilites in PeopleSoft 9.2.

Self-Service Supplier Onboarding:  New self-service supplier onboarding was introduced in PeopleSoft FSCM Release 9.2 and is part of PeopleSoft’s larger Supplier Lifecycle Management Initiative.

Onboarding new suppliers and managing supplier changes is a major undertaking for many organizations. Often, the tasks that are involved include a combination of online forms, printed forms, emails, fax, phone calls, sticky notes with reminders of supplier changes, and finally manually entering or updating the information into the system and hope there are not too many manual errors. PeopleSoft FSCM Release 9.2 now electronically automates the entire onboarding process for suppliers. Imagine, an intuitive step-by-step configurable registration process that includes Duplicate Supplier Checking, Office of Foreign Asset Control (OFAC) denied parties screening, and approval workflow to ensure that only approved supplier are included in your supplier master; collaboration tools for sending notifications or gathering additional attributes about suppliers; and configurable profile questions for capturing information and attachments to help with Supplier Qualifications. The new step-by-step registration process can be configured to be accessible on your organization’s public website for unsolicited requests, by email invitation only, by your internal employees, or any combination of these three methods. And all of this is included with your existing Purchasing and Payables license only! In addition, the PeopleSoft Strategic Sourcing bidder registration now uses the same self-service registration as used for suppliers, especially useful for onboarding new bidders and suppliers on your public website all through one set of registration pages.


Employee Self-Service: When ordering goods or services through PeopleSoft eProcurement, users are looking for a more intuitive and configurable user experience, mirroring what they are used to seeing on consumer shopping sites. To achieve this, for Release 9.2 of eProcurement, we enhanced the user interface and added configuration capabilities to provide a simple consumer-like shopping experience,
while still allowing for all of the complexity (overriding shipping line and distribution information, and so on) for users who require those features. Enhanced search capabilities and results to support the new Transparent Punchout capability, leveraging our new Secure Enterprise Search (SES) functionality. The search fields that appear will be easily tailored by users to hide irrelevant fields, and the use of role actions will control what capabilities a particular user is allowed. PeopleSoft eProcurement now provides usability enhancements to the Checkout page to provide a cleaner look and feel, with role actions controlling whether a requester can override the shipping line or distribution details. With these new usability and functional improvements, we now provide an intuitive consumer-like ordering experience that can be uniquely tailored for individual users of the system, reducing the need for extensive training and novice user errors, and improving overall efficiency when ordering indirect goods or services.

Check out the new user experience in PeopleSoft 9.2 ePRO by viewing this Video Feature Overview on the PeopleSoft YouTube Channel:  ePRO 9.2

Enabling the Mobile WorkforceEmployees are often called upon to do their daily tasks while away from their desks...meetings, conferences and day-to-day demands on their time sometimes makes it difficult to complete even the most mundane task of requisitioning supplies or requesting a service.  In 9.2, PeopleSoft SRM provides an easy-to-use mobile requisitioning capability optimzed for a personal tablet device that allows a user to quickly and easily enter a requisition by browsing through a catalog, doing a targeted search, or even by accessing their "favorites". Users may interact with the system much like they are used to on the more popular consumer shopping sites.  This new application is delivered as part of the PeopleSoft eProcurement module with no additional license needed.

Check out the new Mobile ePRO application delivered in PeopleSoft 9.2 by viewing this Video Feature Overview on the PeopleSoft YouTube Channel: Mobile ePRO

Oracle is continuing to invest in PeopleSoft Applications and Technology to deliver value to your existing PeopleSoft Supplier Relationship Management investment.  Please visit the following website to get more information on what PeopleSoft 9.2 provides for your organization: www.peoplesoft92.com

Monday Jun 03, 2013

10 Innovations in PeopleSoft. #4 – Day in the Life in PeopleSoft HCM 9.2

How to best show the impact and value of the new features and capabilities included in HCM 9.2 other than by using the PeopleSoft HCM system itself?

Let's follow a day in the life of Rosanna Channing, Senior Manager in the Financials Department at GBI Institute. 

Rosanna logins into her HR system .

The page you see was created by your Company using Interaction Hub. With the new PeopleSoft Interaction Hub, PeopleSoft HCM 9.2 delivers a configurable user interface with single navigation across all applications powered by a new global search capability.  From a single company branded home page, users can access any transaction across HCM, ELM, and HR HelpDesk. This collaborative platform, now available through the latest version of PeopleTools, is available to all customers without the need for any additional license. A configurable end user experience with embedded help provides you with the tools to guide the user online with minimal training.

The first thing Rosanna needs to do is to enter a Life Event. She had a baby and she needs to add him to her benefits plan.

Although the My HR Page provides Rosanna with the most frequently used links, Rosanna prefers to use the Global Search and types ‘had a baby’. As Internet users, we all know how we navigate the internet. You search first and then you navigate or take action. We have brought that experience to PeopleSoft HCM 9.2. Through the use of Oracle Secure Enterprise Search and Related Action framework, users can now search across multiple objects and instances and from the search results themselves can take action, avoiding complicated menu navigation. In this case, Rosanna gets the Link to Life Events and clicks on it to go directly to the page she was looking for.

Life Events is one of the Activity Guides delivered in PeopleSoft HCM 9.2. Activity Guides provide a guided process that helps users to more efficiently complete an activity or process. Different components/pages in the system as well as pages from external systems can be organized as steps of an activity. In this case, Rosanna chooses the ‘I had a baby’ event. That is one of the four pre-delivered events and Customers can add their own events as needed. After selecting the event and entering the date of birth, Rosanna is presented with all the steps related to that Life Event.



She can go through each one of the steps and/or click directly on the step of the process she wants to complete. In this case, she adds the dependent and adds him to her Benefits Plan (Medical, Vision and Dental). She then goes to the last step and completes the process.

After completing that, Rosanna decides to search for a Director of Finance position. The Global Search is one click away since it remains on the top of the page. She types ‘ Director of Finance’. Using the facets on the left pane she could narrow down her search and focus on the Internal Postings. She can then take action directly from the search results and View and Apply to the open position.


After reviewing the job opening description she decides to apply to the position and is taken to a Guided Process that will walk her through the steps of the application process.

This guided process is called Horizontal Guided Navigation or Train Stop, and it takes the user sequentially through each one of the steps. Rosanna goes step by step and completes the application process. Since she is an internal candidate, some of the information required in the system is already pre-populated, making the application process much simpler for her.

The steps of the process are configurable and it is up to your Company to define how many steps are needed in the process. Rosanna goes through all the steps and on the last step she reviews and then submits her application. She is extremely happy because it was quick and easy!

She then decides to focus on some urgent management related activities. The Manager Dashboard is one click away from where she is since through the Interaction Hub she can see the links on the top of the page.


Dashboards provide an at-a-glance view of all relevant information (including Alerts and key performance indicators) relevant to a role. You will see several dashboards in PeopleSoft HCM 9.2 such as the Learning Dashboard and Recruiting dashboard in addition to the Manager Dashboard and Talent Summary Dashboard. The Manager Dashboard provides important information to help managers know what they need to focus on. Similar to the Talent Summary (both dashboards were delivered in 9.1 FP2), the administrator can decide which pagelets to share with managers and the end user can further personalize the content and layout.

In this case, Rosanna wants to finalize some performance documents she needs to work on. She goes to the Performance Status analysis to see how many documents are still in Progress. From the Performance Status Analysis (Pivot Grid) she can drill down and go to the ‘In Progress’ performance document she wants to work on.


This Analytic has been implemented with PeopleTools Pivot Grids technology. Pivot Grids allow users to dynamically analyze information, drill down and take action. Rosanna navigates to the Performance document of one her directs. 

As you can see, the left side of the screen shows the different steps/phases in the performance cycle. It indicates which steps have been completed or which ones are still in process. It also shows the timeline and due dates. This is similar to an Activity Guide and its purpose is to guide the user through the process. The yellow bar indicates and highlights the current step. In this case it is in ‘Complete Manager Evaluation > Update and Share’.

In this case, Rosanna wants to recommend some training and courses to the Employee. She goes to the Learning section in the performance document and from there she does a ‘Find Learning Gaps’ search. This takes her to ELM where she can easily see what are the Competencies  for which the employee could take some training. Find Learning functionality in ELM has also adopted Secure Enterprise Search with facets. ELM also includes Ratings and Reviews.


Rosanna looks for the right training for her Employee and enrolls her in training directly. After doing that, she goes back to the Performance document where she sees that a new Learning objective was added for her employee. All this is possible because of the tight integration between PeopleSoft HCM and ELM, which makes things transparent for the user.

Rosanna then goes to Overall Results where she assigns Rating and adds comments. She then Shares the document with the Employee. Rosanna then gets back to the Manager dashboard where she now sees that the Performance Status Pie Chart (Pivot Grid) was updated.


And Rosanna is done! She was very quickly and easily able to finalize the life event, apply to the Director of Finance position, and complete the performance document she needed to finalize (including the enrollment of the employee into a class). As this story demonstrates, our HCM 9.2 release focuses on making things simpler for the user and making information readily accessible for immediate action.

Our main goal is for users to be more productive and for Companies to be able to configure the system based on their business processes and business practices. Through the use of activity guides, workcenters and guided navigation, our Customers are able to organize tasks and activities in the way that fits their needs.

Role based dashboards simplify how users can access information. In addition, our applications are being empowered through actionable operational analytics so that users can get easy access to the information they need and take action directly from there.

And these are just some examples… you really need to take a look at our newest 9.2 release to get the full story!

Tuesday May 21, 2013

10 Innovations in PeopleSoft 9.2 - #5 Optimizing Liquidity with PeopleSoft Cash Management 9.2

Liquidity is the holy grail of cash management. Optimizing liquidity is a daily challenge for Cash managers. They have to maintain that delicate balance between having enough cash to make their payments without having too much cash sitting idle in low interest vehicles. PeopleSoft Cash Management 9.2 delivers the much improved Cash Positioning and Forecasting tool to help address this challenge.

Residing in the enterprise makes it really easy for the Cash Position Worksheet to gather transactional data from the entire enterprise. Payments, Receipts, Purchase Orders, Payroll amounts are all directly accessible from Accounts Payable, Accounts Receivable etc. Delivered views enable the Cash Position to access this data from their respective sources. This information is processed against the imported bank statement to get an accurate snapshot of the corporate cash balance position.   What about about the transactions that are not in PeopleSoft that you would want to be reflected in the Cash Position?  PeopleSoft Cash Management 9.2 delivers web services that allows third party data to be brought into the cash position very easily.

We also understand that you want to analyze your cash position across different parameters like Bank Accounts, Currencies, Business Units and more. Instead of creating different worksheets for each of these parameters, our Cash Positioning tool can slice and dice the numbers across four delivered dimensions of Bank, Bank Account, Currency and Business Unit. In addition, users can define their own dimensions for their analysis.

To round this off, there are representative charts to display your numbers on the Cash Position page; a trend analysis graph to show your numbers over the next month and a pie chart to show how the numbers are split up.

Salient features of this tool are

  • Single worksheet that gathers transactions from the entire enterprise
  • 7 day forecast in one single screen
  • Drill down to the transaction from the worksheet itself
  • Graphical trend analysis
  • Pre-calculated numbers that can be sliced and diced across various dimensions

The calculated worksheet can be used for several purposes –

  • Accurate Snapshot of Cash Balances
  • Comparison of Actual vs Forecast
  • What if Analysis with weighted changes to calculated numbers

Accurate, integrated, enterprise-wide cash forecasting is an ongoing challenge facing Cash Managers around the world. PeopleSoft Cash Management 9.2 provides leverage to the Cash Manager by providing a collection area for all banking activity, and that activity can be recognized as inflow versus outflow when it comes to cash. Optimizing liquidity is critical and it is now something that can be managed through PeopleSoft Financials.

Monday Dec 24, 2012

PeopleSoft HCM – End of Year analysis and New Year’s Resolution

Greetings from the PeopleSoft HCM team!    By the end of the year, people usually look back to make an analysis of the year that went by and look forward to establish new goals and objectives for the coming year.  Let’s analyze together the last two years for PeopleSoft HCM and let's talk about our New Year's Resolution.

As probably most of you know (hopefully ALL of you know this by now!) PeopleSoft adopted a Continuous Delivery Model with the 9.1 release.  What that really means is that after a release gets GA  (aka, gets available) we keep delivering new features and capabilities on top of that release until the new major release gets GA. 

We decided to deliver Feature Packs to quicker respond to our Customers requests, while giving them the ultimate choice of how and when they want to deploy their new functionality to their users. 

In December 2010 PeopleSoft HCM delivered the Feature Pack 1 that included new capabilities such as Company Directory, Talent Management integrations (to allow Customers to use PeopleSoft Talent Management 9.1 while staying on PeopleSoft HR Core 9.0 or 8.9) and new XMLP reports among other features. 

In November 2011 we delivered the Feature Pack 2. That feature pack focused on helping managers better perform their day-to-day activities by providing new based search capabilities, new dashboards (Manager Dashboard and Talent Summary), Matrix Organization and Pivot Grids for Operational Analysis. Several other new features were included in that Feature Pack such as Global Payroll SEPA support, Total Rewards analysis, and more. Feature Pack 2 can be seen as our first step to change the way users interact with our PeopleSoft HCM application which will even become more revolutionary, as you will see, with our upcoming 9.2 release.

In September 2012 we delivered our first PeopleSoft HCM Mobile Application: Mobile Company Directory. This mobile application allows employees and managers to get access to contact information and to connect with other employees from wherever they are and whenever needed.  For more information see our Mobile Company Directory blog.

We, the PeopleSoft team,  feel proud of what we have accomplished so far and are glad to see the positive feedback and reaction of our Customers.

The next major milestone for us is the upcoming 9.2 release (targeted for Calendar Year 2013).  We think the 9.2 release will completely change the way users interact with the PeopleSoft HCM system. Through the expanded use of Global Search and related action framework, users will be able to navigate the system in a way they were never able to do before. They will be able to type keywords, go directly to the page or transaction they are looking for (avoiding menu navigation) and take action from where they are.  Users will also count with guided navigation and the system will help them go through the steps to complete specific activities with the objective of minimizing errors or having incomplete tasks/processes.  We are also delivering new dashboards and workcenters so users can more productively work from a central place where they can have all the information they need. 

These are only just some examples of the new 9.2 upcoming features, and we encourage you to read our PeopleSoft HCM 9.2 Release Value Proposition document to learn more about it.

There are many other major deliverables we are planning for 2013, among them:
- New methodology and process to apply maintenance that we consider will be quite unique in the market. With the new update manager tool, there will be no more prerequisite bundles or maintenance packs. Customers will be able to select what fixes/enhancements they want to apply and they will be able to create their own custom package that will contain only the required objects. We expect Customers to see immediate benefits in reduced time and effort for analysis and preparation, patching, and patching verification and validation. For more information read refer to PeopleTools 8.53 RVP document posted on My Oracle Support for more details.
- New integrations with other Oracle products, such as integration with Taleo Recruiting.
- And more …

So … what is our Next Year’s Resolution?  To keep delivering innovation in HCM by listening and delivering value to our Customers. We have hopefully demonstrated by now that we are serious about it.

We wish you all a very Happy Holiday Season and best wishes for the upcoming year!


Monday Dec 17, 2012

An Oracle Event for Your Facility & Equipment Maintenance Staff

The 7th Annual Oracle Maintenance Summit will occur February 4 – 6, 2013 at the Hyatt Regency San Francisco. This year, the Maintenance Summit will be one of the major pillars of a larger Oracle Value Chain Summit.

What makes this event different from the other events hosted by Oracle and the PeopleSoft Community’s various user groups is that it is specifically meant to provide a venue for the facility and equipment maintenance community to talk about all things related to maintenance.  Maintenance Planners, Maintenance Schedulers, Vice Presidents and Directors of Physical Plant, Operations Managers, Craft Supervisors, IT management, and IT analysts typically attend this event and find it to be a very valuable experience.

The Maintenance pillar will provide the same atmosphere and opportunity to hear from PeopleSoft Maintenance Management customers, Oracle Product Strategy, and partners, as in past years.  For more information, you can access the registration website for the Value Chain Summit.

For existing PeopleSoft Maintenance Management customers…if you are interested in participating in the PeopleSoft Maintenance Management Focus Group in which Oracle discusses product roadmap topics with the community of customers who have licensed the PeopleSoft Maintenance Management application, please contact Loida.McDearis@oracle.com, Roxanne.Johnson@oracle.com, or Mark.Rosenberg@oracle.com. The Focus Group will meet on February 7th, and attendance is by invitation only.

We look forward to seeing you in San Francisco!

P.S.  The Early Bird registration fee is $195. Register before December 31 to take advantage of this introductory low price, as the registration fee will go up to $295 after that date.

Monday Oct 29, 2012

Oracle Consulting North America is now live on PeopleSoft Services Procurement and PeopleSoft Resource Management

Last month, Oracle's own internal consulting group (OCS North America) went live on PeopleSoft Services Procurement and PeopleSoft Resource Management to manage all aspects of identifying, recruiting, and deploying billable subcontractors on North America Applications customer consulting projects. The primary goals were to enhance the subcontractor staffing process, improve operational and informational processes, and improve collaboration between the Oracle NA Consulting Subcontractor Program and subcontractor suppliers.

Over 200 registered external suppliers access the tool, review open needs and competitively bid their resources to work on NA Applications projects.

This implementation highlights the usage of Oracle’s own solutions to streamline and enhance business operations, as the PeopleSoft 9.1 applications (Services Procurement and Resource Management) were deployed using Sun hardware, Oracle Enterprise Linux, and Oracle Virtual Machines.

For more information, please navigate to the following web pages:

Tuesday Sep 25, 2012

Absence Management White Papers to Assist with your Implementations

Absence Management Setup – Additional Resources

PeopleSoft is committed to helping our customers sharing our knowledge expertise in our applications. We have prepared a collection of documents (White Papers) containing examples, tips, and techniques to help you when making important decisions during your Absence Management implementation.   These documents can all be found on My Oracle Support.


Absence Management Entitlement and Take Setup
This document (Document ID 1493866.1) provides an overview of how to set up the main components of Absence Management, such as Absence Entitlement and Take elements, as well as other supporting elements relevant to your Absence Management implementation.

Absence Management System Elements
This document (Document ID 1493879.1) provides an overview of the system elements related to Absence Management. System elements are building blocks used during the design and construction of your Absence Rules. Knowing how they work and when to use them should help you expedite the implementation of your Absence Policy rules in your company

Absence Management Self Service Setup
This document (Document ID 1493867.1) provides an overview and guidance on some of the important areas when setting up Absence Self Service. Throughout this document we are providing examples of different configurations supported in Self Service. 

Monday Jul 30, 2012

IASB and FASB Agree on Lease Accounting Approach

Almost a year after their decision to re-expose proposals for a common leasing standard, the International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB) have reached a key decision regarding the recognition of lease expenses. At their June 13, 2012 meeting, the IASB and FASB agreed that leases over 12 months should be recognized on the balance sheet, while leases with terms under 12 months should be treated similar to current operating leases.

With that major decision in place, the timeline for issuance of the final standard seems to be a bit more stabilized. The IASB and FASB expect to publish the second exposure draft in the fourth quarter of this year, and issue the final lease accounting guidance late in 2013. It is anticipated that the new lease accounting standard will be effective in 2017, with retroactive reporting beginning in 2015.

Oracle remains committed to helping customers transition to the new lease accounting standard. The Applications Unlimited teams continue to work closely together to monitor the convergence project and analyze the impact to our products so that we can design and build consistent solutions.

We anticipate that the new lease accounting rules will introduce functional overlap between the two products primarily impacted by the lease convergence – PeopleSoft Asset Management and Real Estate Management, both part of the PeopleSoft Asset Lifecycle Management (ALM) suite of products. PeopleSoft plans to evaluate the lease administration features and functions of each product to deliver a foundational framework for the new capabilities the final accounting standard will require.

We invite customers to participate in providing feedback on our design enhancements for lease accounting. If you are interested, please send an email to howard.shaw@oracle.com or loida.mcdearis@oracle.com. For more information on the June 2012 IASB and FASB meeting, see the press release here.

Monday Mar 12, 2012

For Customers upgrading to or newly implementing PeopleSoft HCM 9.1 – Feature Pack 2 CD and Upgrade Certifications Now Available

If your organization is on PeopleSoft HCM 9.0 or 8.9 and is planning an upgrade to release 9.1 or if your company is planning to start a brand new PeopleSoft HCM 9.1 implementation, then it is important for you to know that the English and Multi-Language CDs for the PeopleSoft HCM 9.1 Feature Pack 2 enhancements are now available on the Oracle Software Delivery Cloud (OSDC).

PeopleSoft HCM 9.1 has been delivering new features and capabilities through bundles and maintenance packs since the release became available in October 2009. These new features and capabilities are called feature pack enhancements. The new CDs (Feature Pack 2 CDs Revision release) allow net new 9.1 customers to get the most up to date version of the software which includes the original 9.1 release plus fixes and feature pack enhancements made available through bundles and maintenance packs since the GA release.

Updated documentation (PeopleBooks, the Hardware/Software Requirements Guide, the Installation Guide, the Cumulative Feature Overview, the Release Notes, and more) is available on OSDC and My Oracle Support (MOS). You can also view the updated PeopleBooks on the Oracle PeopleSoft Hosted PeopleBooks site. In addition, the upgrade scripts have been updated to align with the HCM 9.1 Feature Pack 2 Revision release and are now available on MOS. View the PeopleSoft Human Capital Management 8.9MP1 to 9.1 Feature Pack 2 Upgrade and the PeopleSoft Human Capital Management 9.0 to 9.1 Feature Pack 2 Upgrade pages on MOS.

Existing PeopleSoft HCM 9.1 Customers need to install feature pack enhancements following a different methodology (not through these new CDs). Please see MOS page here for more information. You can learn more about our current Continuous Delivery Model by watching this short video.

Thursday Feb 16, 2012

Financials and Supply Chain Management 9.1 Feature Pack 2 Delivered!

As part of our continuous delivery strategy for PeopleSoft applications, today we announced the completion of PeopleSoft 9.1 Feature Pack 2  for Financials and Supply Chain Management.    This includes new features across Supplier Relationship Management, Enterprise Service Automation, Asset Lifecycle Management, Core Financials, and Supply Chain Management applications.     Please see the attached press release for details and additional links:

Oracle’s PeopleSoft Financials and Supply Chain Management 9.1 Feature Pack 2 Delivers New Capabilities that Enhance and Streamline Business Processes

 For more details on our Continuous Delivery Model, check out the Youtube link here:

Monday Feb 06, 2012

New Workbench to Simplify Revenue Contract Management

Easy access to a wide variety of contract elements is essential when trying to handle the complexities inherent in managing revenue contracts. A contract administrator needs to keep a watchful eye on contract terms, billing plans, revenue recognition plans, project progress, team members, limits, withholdings, budgets, lots and lots of dates, and numerous other details in order to ensure good governance of an organization’s revenue. To ease the burden of the weary contract administrator, we recently added the Contracts Workbench to the PeopleSoft Contracts application in the PeopleSoft ESA 9.1 Bundle #16.

Designed based on requirements from several industries, the Contracts Workbench acts as a window into information from the PeopleSoft Contracts, Grants, and Project Costing applications. The data users see is dependent on which applications are installed, meaning that an organization can take advantage of the Contracts Workbench even if it is not using all three of the applications. Additionally, business analysts and users can configure sections of the Contracts Workbench to display only the award, contract, and project information relevant to the way their organization does business. Contract administrators and accountants can view and access information to identify instantly the need for adjustments, and they can quickly update contract lines, projects, bill plans, and so on.

Because it provides a great deal of contextual information, the Contracts Workbench can be a powerful tool for administrators and accountants in their quest to make more informed decisions when working a contract. With the context and the configurable aggregation of data offered by the Contracts Workbench, users can reduce the time they spend navigating software and comparing data and increase the time they dedicate to preventing revenue leakage, negotiating with customers, and performing other activities that protect and grow the all-important revenue stream.

Thursday Oct 13, 2011

PeopleSoft Absence Management - Benefits of using Absence Forecasting

Absence Forecasting has been designed to evaluate the impact of an Absence Event. Organizations needing to enforce their Absence policies should use Absence Forecasting. Absence Forecasting is a role-based function that can be deployed for Administrator transactions as well as Employee and Manager Self Service transactions. Forecasting can be enabled for the Absence Entitlements (Accruals) and Absence Takes (actual Absence Requests).

The following are some benefits of implementing Absence Forecasting in your company:

  • Ability for users to forecast Absence Balances and plan their personal time off.
  • Ability to prevent users from Requesting Absence when eligibility criteria has not been met.
  • Ability to prevent users from Requesting Absence when the Entitlement Balance is not sufficient and/or not available.
  • Configurable rules to allow users requesting absence going negative for a number of (days/units) defined as part of your Absence Policy.
  • Ability to prevent Approvers (Managers and Administrators) from approving absences when whose Requestor is not eligible.

Overall, Absence Forecasting provides you the ability to configure and enforce your Absence Policies. For additional information about Absence Forecasting please download the most recent version of our Absence Forecasting white paper.

Sunday Aug 21, 2011

Achieving your Desired Business Results with an Integrated Learning Management Strategy

Do you have a Learning Strategy that is integrated with your overall Talent Management strategy and is creating the business results that you expect?

Creating an effective Learning Strategy can be a daunting task. Research has shown that a Learning Strategy needs to be integrated with a comprehensive Talent Management strategy to have a positive impact to an organization’s business outcomes. More importantly, the overall Talent Management Strategy must be tied to measurable, meaningful business results.

Many organizations today have a Learning Strategy focused on providing some basic courses to meet the skills gaps of their workforce and staying in compliance. While this approach does meet the basic learning needs of an organization, it does not drive true business results. Here are a few steps that can help you create an effective Learning Strategy.

First, identify the issues that you want to address with your overall Talent Strategy. Are you having trouble finding candidates to fill your open positions? Do you have a strong pipeline of leaders? Has your employee engagement and productivity decreased? Focus on the most important issues impacting your organization.

Second, determine the key people needed to come to the table and define the business outcomes you are seeking to attain. These business owners should include and expand beyond the HR and Learning organizations. An October, 2010 Learning & Development study written by Mollie Lombardi of the Aberdeen Group states: “The top capability cited overall by 65% of all companies was visible senior leadership support for learning and development efforts. While direct managers are held accountable for development, senior leaders must make a visible effort to promote the importance of learning within the organization.”

Now that you have the right people involved, work together to define what your desired business results are and how those results can be measured objectively using business data to evaluate the effectiveness of the strategy. Be sure to focus on long-term goals to ensure the true success of your efforts.

Once your business outcomes and measurements are in place, evaluate the tools and programs that you can use to help meet those results. Do you need to create new or different Performance Goals across the organization? Are there new recruiting strategies that need to be put in place? How can you effectively utilize new learning opportunities to achieve your desired outcomes? Be innovative and use tools and programs that will engage, incent, and reward your employees.

Now for the fun part – the execution. Since you have included the key business owners needed to sponsor your strategy across the organization earlier in the process, it is time to get it started. Implement your new strategy with the support of your leadership team. The execution can be done in phases or all at once based on your business needs and the programs and tools you are using. Monitor the results of your strategy using your pre-defined goals and outcomes, both short-term and long-term. Adjust the strategy as needed to ensure that it has the greatest positive impact possible.

And finally – communicate your results. Be sure to let your key business owners know the results of your efforts, supported by real data, on an ongoing basis. Using the pre-defined measurements developed with these key stakeholders, you can effectively demonstrate the correlation between your Talent and Learning Strategy and the desired business results.

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.

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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