Wednesday, June 29, 2016

What's Happening with PeopleSoft ERP

So what's new with PeopleSoft?
Oracle PeopleSoft ERP applications offer users around the world the tools they need to operate business processes smoothly and efficiently. Oracle is committed to offering the best tools possible to its PeopleSoft customers, through enhancements to existing ERP application features and functionality as well as through investments in new development areas. Since the release of PeopleSoft 9.2, Oracle has released 17 Update Images and over 150 new features, with more planned to come. Alex Man, Oracle Group Vice President, PeopleSoft Development outlines 8 items, or 8 areas of focus, that PeopleSoft ERP customers can expect to see moving into the future.
1.Customers can expect to see continued developments in Fluid UI
Fluid UI provides customers with unmatched flexibility when it comes to accessing PeopleSoft application content on the go, from a desktop, tablet or mobile phone. PeopleSoft has released six new Fluid home pages since the release of PeopleSoft 9.2. Other new developments within Fluid UI include Pivot Grids and WorkCenters, which Oracle continues to invest in. 
Oracle has delivered 19 WorkCenters to its ERP customers, providing users with a one-stop shop for business users to process, conduct transactions, take action on alerts and view reports and analytics. Some new features to be delivered in the future include the ability for users to define a scope within the WorkCenter from multiple work lists. WorkCenters will also be Fluid enabled and will be geared toward managers, providing them with the tools they need to monitor their direct reports from a smartphone or tablet. Oracle customers can also expect Mobile Expenses in Fluid UI to be enhanced. With additional capabilities such as multi-currency added in, users will be able to submit their expenses any time and any place. 
eProcurement Requisition in Fluid UI will resemble more customer-focused websites and applications such as Amazon, with images of each item next to the listing, formatted with more of a product catalog feel. The new developments in Requisitioning will make it easier than ever before to select items, review the order and submit it. Users will be able to place orders on the go, without having to be in the office to complete the transaction.
2. Customers can expect to see enhancements to External Application Portals
In addition to new developments within PeopleSoft that are geared more towards internal users, such as providing employees with the tools they need to submit expenses, PeopleSoft will be developing and tailoring the user experience for more external audiences as well, such as customers or suppliers. With enhancements in the Supplier Portal, suppliers will be able to go in and register with their information, see available bids and interact with the company, all from within the portal. Oracle customers can also set up their applications to provide their customers with access to the PeopleSoft system.
3. Customers can expect to see new Accounting Requirements
With new accounting standards released within the past year, the Oracle PeopleSoft team is focusing on making sure that PeopleSoft customers are completely covered under their applications. The two major accounting initiatives Oracle is focusing on right now are the Revenue Recognition and Lease Accounting initiatives. These changes in accounting requirements will affect multiple areas of PeopleSoft Financials such as General Ledger, Asset Management and more.
4. Customers can expect to see enhanced Common Components and Frameworks
Frameworks make it easy for PeopleSoft customers to improve the way they complete common business processes and transactions. PeopleSoft is working on developing many more additional frameworks to assist customers, including the Guided Data Entry Framework, Validation Framework and Mass Transaction Manager to name a few.
5. Customers can expect the option to utilize new PeopleSoft ERP Products
Oracle has recently released four new products, including three Real-time Bottom Line products and a Project Discovery product with in-memory processing. The Real-time Bottom Line products are geared toward maximizing business performance, which can take organizational factors into account and simulate what will occur within an organization before it actually happens.
6. Customers can expect to see a continued investment in Analytics and Reporting
PeopleSoft ERP applications provide users with numerous options when it comes to analytics and reporting. Pivot Grids, Simplified Analytics, BI Publisher Reports and OBIE Reporting (or General Ledger Reporting) all drive enhanced organizational decision making and data analysis. 111 Pivot Grids have been delivered for PeopleSoft ERP applications alone. Oracle also continues to develop and deliver Dashboards to its customers, offering enhanced personalization and navigation through pagelets.
7. Customers can expect to see enhancements in Supplier Lifecycle Management
The Oracle PeopleSoft team has delivered Onboarding and Registration within Supplier Lifecycle Management and will continue to enhance current offerings to provide Scorecarding and a Qualification system. This will allow organizations to better manage the relationship with their suppliers and take action when needed.
8. Customers can expect to receive options as to whether they want to run PeopleSoft on the Cloud or On Premise
PeopleSoft ERP is available on the Oracle Cloud Marketplace, providing all PeopleSoft ERP customers with the ability to host some or all of their environment on the Cloud. PeopleSoft has also released the PeopleSoft Cloud Architecture, providing customers with the tools they need to deploy and maintain PeopleSoft on the Cloud with any Cloud service.
Interested in learning more about how you can upgrade to PeopleSoft 9.2 to access these features and more? Visit the PeopleSoft Information Portal.