With the recent release of FSCM Update Image 19, PeopleSoft Finance users have access to great enhancements that increase efficiency and productivity while cutting down on processing and navigation time. Update Image 19 is delivered through the Selective Adoption model, allowing users to select the features they want, when they want. Here are the top seven highlights of the newest release:
#1: Fluid Expense Report Entry
Through the Fluid Expense Report Entry in FSCM 9.2 Update Image 19, users can submit expense reports on the go from a tablet or mobile device. In Update Image 19, Fluid expenses has been enhanced to include full currency exchange capabilities, per diems and VAT. Expenses has also been enhanced to include Receipt Split and Hotel Wizard, utilizing streamlined navigation through Fluid activity guides.
Through the Fluid Expense Report Entry in FSCM 9.2 Update Image 19, users can submit expense reports on the go from a tablet or mobile device. In Update Image 19, Fluid expenses has been enhanced to include full currency exchange capabilities, per diems and VAT. Expenses has also been enhanced to include Receipt Split and Hotel Wizard, utilizing streamlined navigation through Fluid activity guides.
From the Expenses tile on the Employee Self Service homepage, users are alerted with a number of total expenses that have not been submitted in a report yet.
After clicking on the Expenses tile, the user is brought to the Expenses homepage, where he or she can perform a variety of tasks with the simple click of a button.
Some Expenses Homepage Highlights
· Notices Tile: Users can receive notifications or messages from the Expenses department
· Create Expense Report Tile: Users can create a new expense report with the push of a button and upload receipts directly to the page by taking a picture of it with their phone or device and uploading it; Users can enter in expenses by hand or select a pre populated expense saved in My Wallet
· Add Quick Expenses Tile: Allows users to submit a cash or miscellaneous expenses to their wallets quickly to put into an expense report later on
· My Wallet Tile: Users can see all outstanding expenses that the user has saved to put into an expense report at a later date in time
· My Expense Reports Tile: Shows all expense reports and their status, including reports that are submitted, reports that are pending and the ones that are in draft mode
· Expense History Tile: Users can access a complete list of all of their expense reports submitted in the past
· Create Expense Report Tile: Users can create a new expense report with the push of a button and upload receipts directly to the page by taking a picture of it with their phone or device and uploading it; Users can enter in expenses by hand or select a pre populated expense saved in My Wallet
· Add Quick Expenses Tile: Allows users to submit a cash or miscellaneous expenses to their wallets quickly to put into an expense report later on
· My Wallet Tile: Users can see all outstanding expenses that the user has saved to put into an expense report at a later date in time
· My Expense Reports Tile: Shows all expense reports and their status, including reports that are submitted, reports that are pending and the ones that are in draft mode
· Expense History Tile: Users can access a complete list of all of their expense reports submitted in the past
#2: General Ledger Business Unit Management
In addition to many enhancements with PeopleSoft Fluid Expenses capabilities, the General Ledger Business Unit Management feature is enhanced in Image 19 to include the ability to add, alter or duplicate General Ledger Business Units through an Activity Guide.
In addition to many enhancements with PeopleSoft Fluid Expenses capabilities, the General Ledger Business Unit Management feature is enhanced in Image 19 to include the ability to add, alter or duplicate General Ledger Business Units through an Activity Guide.
The General Ledger Business Unit Management feature provides a one-stop shop for users to access common classic components used to build General Ledger business units. Now, users have one centralized location to access business unit set up information.
On the sidebar of the page, users can search through business units or filter to find the exact business unit they are looking for. From the search results, users can copy and modify a business unit by clicking on the Action drop down arrow next to each unit. Users can also walk through an intuitive activity guide to set up a new business unit, completing required fields and keeping track of the creation process easily through a sidebar displaying the status of each step and the level of completion.
#3: My Work Scope
In FSCM 9.2 Update Image 19, both Classic and Fluid WorkCenters have been updated to include multiple filter values by utilizing a new Scope field. From a WorkCenter, the user can select Configure Scope from the Personalization menu. The user can set scope and filter criteria to display the information they need. For example, a user could set up a specific scope to monitor the billing information for one client or business unit.
In FSCM 9.2 Update Image 19, both Classic and Fluid WorkCenters have been updated to include multiple filter values by utilizing a new Scope field. From a WorkCenter, the user can select Configure Scope from the Personalization menu. The user can set scope and filter criteria to display the information they need. For example, a user could set up a specific scope to monitor the billing information for one client or business unit.
#4: Cost Balancing WorkCenter
The Cost Balancing WorkCenter found within PeopleSoft’s Fluid User Interface is designed specifically for managers to help them close the General Ledger before a period comes to a close. This WorkCenter displays all of the outstanding work assigned to a manager that must be completed before the period comes to an end. Managers can see the number of transactions that they will need to review next to each task.
The Cost Balancing WorkCenter found within PeopleSoft’s Fluid User Interface is designed specifically for managers to help them close the General Ledger before a period comes to a close. This WorkCenter displays all of the outstanding work assigned to a manager that must be completed before the period comes to an end. Managers can see the number of transactions that they will need to review next to each task.
Managers also have the ability to set filters on the transactions to narrow their focus and access the information they want to see, such as a tolerance amount to flag certain transactions that need to be reviewed. Other enhanced capabilities include the ability to take action on a transaction and change the Display Options as well as the ability to download the data into an Excel spreadsheet by simply clicking on the spreadsheet icon. The Cost Balancing WorkCenter makes it easy for managers to match up the accounting line items with the Inventory Ledger costs to ensure that they are in balance.
#5: Lease Accounting Enhancements
In Image 19, PeopleSoft Real Estate Management can now support all asset types. Operating and capital leases are supported as a lessee or a lessor. This enhancement capability makes it easy for users to formulate a lease from the asset depository or create a new one manually.
In Image 19, PeopleSoft Real Estate Management can now support all asset types. Operating and capital leases are supported as a lessee or a lessor. This enhancement capability makes it easy for users to formulate a lease from the asset depository or create a new one manually.
Users can utilize Asset Management accounting entry templates, making it easy to enter in all of the accounting entries associated with the lease.
#6: Prepayment Usability Enhancements
Update Image 19 in PeopleSoft Accounts Payable makes it simple and seamless to complete prepayment to a supplier in order to start the procurement process and production of goods and services. By combining the Voucher Prepayment Search page and the Apply Vouchers to Prepayment page, users can apply prepayments to vouchers quickly and easily. There is also no longer a voucher limit.
#7: VAT 2016 Regulatory Requirements
Update Image 19 is updated to reflect the Italian Trading Partner Declaration Report as of June 2016. For more information about this new VAT regulatory requirement or the features in Update Image 19, download the PeopleSoft FSCM Update Image Overview White Paper. (Note: You will need your Oracle log on credentials to access this document.)
Update Image 19 is updated to reflect the Italian Trading Partner Declaration Report as of June 2016. For more information about this new VAT regulatory requirement or the features in Update Image 19, download the PeopleSoft FSCM Update Image Overview White Paper. (Note: You will need your Oracle log on credentials to access this document.)
