PeopleSoft Financial Update & Roadmap

Size: px

Start display at page:

Download "PeopleSoft Financial Update & Roadmap"

Elfrieda Williamson
6 years ago
Views:

Product Strategy February 28, 2017 Copyright 2017 Oracle

2 PeopleSoft Financial Update & Roadmap Delivering Continuous Collaboration 3791 Amira Morcos Senior Director Oracle Product Strategy February 28, 2017 Copyright 2017 Oracle and/or its affiliates. All rights reserved. Oracle Confidential Restricted 2

3 Safe Harbor Statement The following is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, and timing of any features or functionality described for Oracle s products remains at the sole discretion of Oracle. Copyright 2016, Oracle and/or its affiliates. All rights reserved. Oracle Confidential Restricted

4 Oracle s Applications Unlimited Strategy Commitment to PeopleSoft PeopleSoft Multi-Year Roadmap of Planned Expansions Selectively Adopt New Features without Upgrades PeopleSoft on the Oracle Public Cloud Oracle Support to AT LEAST 2027 Copyright 2016, Oracle and/or its affiliates. All rights reserved. Oracle Confidential Restricted Use Only 4

Updates are frequent new features and maintenance are easy to apply.

5 MW Lower Costs & Increased Agility - A New Mindset PeopleSoft Selective Adoption Enabled by the PeopleSoft Update Manager A world without upgrades your business systems are agile. Updates are frequent new features and maintenance are easy to apply. You're in control you decide what to apply and when to apply them. Copyright 2017, Oracle and/or its affiliates. All rights reserved. Confidential Oracle Restricted 5

6 PeopleSoft on the Oracle Cloud The Best of All Possible Worlds The PeopleSoft You Know On the Cloud You Can Trust The PeopleSoft You Own + The PeopleSoft That Works Platform Infrastructure Data Copyright 2016, Oracle and/or its affiliates. All rights reserved. Oracle Confidential Restricted Use Only 6

7 Delivering on Roadmap Keeping Up with What Has Been Delivered and What Is Planned for Delivery Planned Features and Enhancements Update Image Overviews Cumulative Feature Overview Copyright 2016, Oracle and/or its affiliates. All rights reserved. Oracle Confidential Restricted Use Only 7

PeopleSoft Financial Management Solutions

Business Problems Copyright 2016, Oracle

8 PeopleSoft Financial Management Solutions Intuitive, Powerful & Expansive Intuitive User Interaction Expansive Insights into your Financials Powerful Solutions to Business Problems Copyright 2016, Oracle and/or its affiliates. All rights reserved.

W Effectively Execute in the Face of Complexity Easily Find and Act On Information Elastic Search for PeopleSoft Meet current and future business needs Improved performance in indexing and results

9 W Effectively Execute in the Face of Complexity Easily Find and Act On Information Elastic Search for PeopleSoft Meet current and future business needs Improved performance in indexing and results retrieval Horizontally scalable, supporting distributed architecture Easy to install, administer and maintain Copyright 2016 Oracle and/or its affiliates. All rights reserved. Oracle Confidential Restricted Use Only 9

General Ledger Cash & Treasury Copyright 2016, Oracle and/or

10 Implement PeopleSoft Fluid UI Business Based Configuration Navigation Collections (Image 18) Billing Receivables Payables General Ledger Cash & Treasury Copyright 2016, Oracle and/or its affiliates. All rights reserved. Confidential Oracle Restricted 10

MW Implement PeopleSoft Fluid UI PeopleSoft Financials Mobile

using Fluid UI Mobile Visually Appealing Configurable via Page

Attachments, Comments) Already Available Starting with Image

Control Budget Journals, AR Worksheets, Treasury,

11 MW Implement PeopleSoft Fluid UI PeopleSoft Financials Mobile Approvals Efficient Support for Expanding Controls Delivered using Fluid UI Mobile Visually Appealing Configurable via Page Composer Richer Capabilities (e.g. Attachments, Comments) Already Available Starting with Image 20 Journals, Vouchers, Payment Requests, Credit/Rebill, Control Budget Journals, AR Worksheets, Treasury, Reconciliations Copyright 2016, Oracle and/or its affiliates. All rights reserved. Confidential Oracle Restricted 11

based on Fluid UI Page Composer Supporting MAP approvals until the end of June, 2017 See Oracle Support for more

12 MW Modernize Your Applications and UX Approvals and Page Composer What It Means To You Replacing all approvals built using Mobile Application Platform (MAP) New approvals based on Fluid UI Page Composer delivered in image 20* Adopt new approvals based on Fluid UI Page Composer Supporting MAP approvals until the end of June, 2017 See Oracle Support for more information click me *ELM image 15 Copyright 2017, Oracle and/or its affiliates. All rights reserved. Confidential Oracle Restricted 12

14 Simplicity Improves Operational Efficiency Fluid Payment Request Reduce Workload for Accounts Payable Reduce Training Effort for Business Users KEY FEATURES Access via Self Service Easy to Use Full Control via Workflow Copyright 2016, Oracle and/or its affiliates. All rights reserved. Restricted to event use only. 14

Intuitive Accounting for Self Service Accounting Tag Simplifies Data Entry Reduce Manual Entry Standardize ChartField Display Combine classic SpeedChart and

15 Intuitive Accounting for Self Service Accounting Tag Simplifies Data Entry Reduce Manual Entry Standardize ChartField Display Combine classic SpeedChart and SpeedType Standardize accounting entry definition Fluid and Classic Copyright 2016, Oracle and/or its affiliates. All rights reserved. Oracle Confidential Restricted

Intuitive Supplier Self Service Experience

Contracts Supplier Collaboration Content

16 Intuitive Supplier Self Service Experience Comprehensive Supplier Portal Public Access & Secured Home Pages Improve Supplier Relationships Reduce Costs Negotiate Better Contracts Supplier Collaboration Content Actions Copyright 2015, Oracle and/or its affiliates. All rights reserved. 17

Calls Invoice Status ChartField Data Copyright 2016, Oracle and/or

17 Intuitive Supplier Self-Service esettlements - Review Invoices Reduce AP Workload Efficient payment flow Reduce Annoying Vendor Calls Invoice Status ChartField Data Copyright 2016, Oracle and/or its affiliates. All rights reserved. Oracle Confidential Highly Restricted

Intuitive Supplier Self-Service to Reduce Training Needs Supplier Portal via Fluid Public and secure supplier portals Simple role-based tile navigation New

18 Intuitive Supplier Self-Service to Reduce Training Needs Supplier Portal via Fluid Public and secure supplier portals Simple role-based tile navigation New alerts, analytics and notifications New business process designs Copyright 2016, Oracle and/or its affiliates. All rights reserved. Oracle Confidential Restricted

Payments Use Defaults to Simplify Review Match Exceptions Real Time Collaboration

19 Intuitive Self Service Reduces Costs esettlements Supplier Collaboration - Fluid Reduce Workload for Accounts Payable Improve Supplier Relationships Manage Invoices & Payments Use Defaults to Simplify Review Match Exceptions Real Time Collaboration Copyright 2016, Oracle and/or its affiliates. All rights reserved. Oracle Confidential Restricted

20 Increase Productivity Through Simplified User Interaction PeopleSoft ebill Payment Collect Bills Faster Reduce operational overhead Expand customer access Simple view of activity Easy to pay invoices Communication between customer and institution Copyright 2016, Oracle and/or its affiliates. All rights reserved. Confidential Oracle Restricted

21 Increase Productivity Through Simplified User Interaction PeopleSoft ebill Payment Collect Bills Faster Reduce operational overhead Expand customer access - Students paying for housing - Faculty paying for services - Business paying for institutional services Copyright 2016, Oracle and/or its affiliates. All rights reserved. Confidential Oracle Restricted

22 Simplicity Reduces DSO Payment Methods PayPal (Image 16) KEY BENEFITS Faster collections Reduce processing cost KEY FEATURES Additional payment method PayPal Flexible payment options Copyright 2016, Oracle and/or its affiliates. All rights reserved. Oracle Confidential Restricted

Simplicity Improves Student/Faculty Satisfaction PeopleSoft Fluid ebill Payment Reduce Workload for Collections Improve Student/Faculty

23 Simplicity Improves Student/Faculty Satisfaction PeopleSoft Fluid ebill Payment Reduce Workload for Collections Improve Student/Faculty Relationships Paperless Invoicing Faster Dispute Resolution Flexible Payment Options Copyright 2016, Oracle and/or its affiliates. All rights reserved.

25 Simplicity Improves Finance Efficiency ChartField Request Collaboration Configurable Chart of Accounts Request Expand for approvers to update or change any attributes for Add request (Image 14) Modify template after initiation use (Image 21) Copyright 2016, Oracle and/or its affiliates. All rights reserved. Oracle Confidential Restricted

Connecting Business Users to Simple Request Financial Structure Change Request KEY BENEFITS Increase Productivity Thru Simplicity Anywhere, Anytime Empower Business Users KEY FEATURES Access via

26 Connecting Business Users to Simple Request Financial Structure Change Request KEY BENEFITS Increase Productivity Thru Simplicity Anywhere, Anytime Empower Business Users KEY FEATURES Access via Self Service Leverage Questionnaires and Configurable Templates Manage ChartField Trees Request on Behalf Copyright 2016, Oracle and/or its affiliates. All rights reserved. Oracle Confidential Restricted

Expansive Visibility of Cash Cash Management Home Page Ensure sufficient funding Improve bottom line Increase return on investment Manage global

27 Expansive Visibility of Cash Cash Management Home Page Ensure sufficient funding Improve bottom line Increase return on investment Manage global cash Accurately forecast short/long term cash needs Copyright 2016, Oracle and/or its affiliates. All rights reserved. Oracle Confidential Restricted

28 Increase Simplicity Through PeopleSoft Fluid Deeper Visibility on the Go Available vs. Forecast Cash Forecast Investment & Debt Bank Transfers on the Go Details of forecasted and available bank balance amounts Detailed information for each forecast type in different views Details of investment & debt Long/short term Floating/fixed Initiate bank transfers any time, any where Leverage existing templates with amount thresholds Copyright 2016, Oracle and/or its affiliates. All rights reserved. Confidential Oracle Internal/Restricted/Highly Restricted 31

suppliers Improve data management Improve Supplier relationships Copyright

29 Expansive Visibility with Reporting & Analytics Insight at Point of Need - Supplier 360 View and Comprehensive Customer View Reduce cost of managing suppliers Improve data management Improve Supplier relationships Copyright 2016, Oracle and/or its affiliates. All rights reserved. Oracle Confidential Restricted

Expansive Visibility with Reporting & Analytics Comparative Analysis Compare across multiple suppliers/customers Leverages new Configurable Analysis

30 Expansive Visibility with Reporting & Analytics Comparative Analysis Compare across multiple suppliers/customers Leverages new Configurable Analysis Framework Useful for tactical & strategic analysis Copyright 2016, Oracle and/or its affiliates. All rights reserved. Oracle Confidential Restricted

Fluid Customer Comparative View Copyright 2016, Oracle and/or its affiliates.

Expansive Insight to Improve Decision Making Payables Operations Metrics via FLUID KEY BENEFITS Identify Timing Inefficiencies Stream Line Processing Recognize discounts & reduce costs KEY

33 Expansive Insight to Improve Decision Making Payables Operations Metrics via FLUID KEY BENEFITS Identify Timing Inefficiencies Stream Line Processing Recognize discounts & reduce costs KEY FEATURES Voucher & Payment Processing Analyze Exceptions Manage Suppliers Proactive Team Metrics Copyright 2016, Oracle and/or its affiliates. All rights reserved. Oracle Confidential Restricted

Intuitive User Interface to Manage Your Operations Credit to Cash Home Page KEY BENEFITS Identify inefficiencies and potential bottlenecks Reduce collection cycles Reduce DSO KEY FEATURES Measure

34 Intuitive User Interface to Manage Your Operations Credit to Cash Home Page KEY BENEFITS Identify inefficiencies and potential bottlenecks Reduce collection cycles Reduce DSO KEY FEATURES Measure operation performance Define metrics relevant to credit to cash operations Provide frequent summaries to management Copyright 2016, Oracle and/or its affiliates. All rights reserved. Oracle Confidential Restricted

Expand Visibility Through Reporting and Analytics My Financials On The Go KEY BENEFITS Insights into Financial Performance Support Departmental Decisions KEY FEATURES

36 Expand Visibility Through Reporting and Analytics My Financials On The Go KEY BENEFITS Insights into Financial Performance Support Departmental Decisions KEY FEATURES Major KPIs with Drilldown Real Time Business data Personalized Analytics Copyright 2016, Oracle and/or its affiliates. All rights reserved. Confidential Oracle Restricted 39

Improve Financial Reporting Efficiency Financial Position Change Request KEY BENEFITS Eliminate Non-Value Add Activities Simplified Data Entry Increase Auditability KEY FEATURES Access via Self

37 Improve Financial Reporting Efficiency Financial Position Change Request KEY BENEFITS Eliminate Non-Value Add Activities Simplified Data Entry Increase Auditability KEY FEATURES Access via Self Service Leverage Questionnaires Execute Actions from Financial Pages Collaborate via Communication Center Request on Behalf Copyright 2016, Oracle and/or its affiliates. All rights reserved. Oracle Confidential Restricted

38 Expand Visibility Through Reporting & Analytics PeopleSoft General Ledger Reporting (Image 15) Drive Employee Productivity Reduce IT Costs Adhoc Analysis Real Time Business Data Financial Control & Reporting Leverage Oracle Business Intelligence Enterprise Edition (OBIEE) Copyright 2016, Oracle and/or its affiliates. All rights reserved. Confidential Oracle Restricted 41

39 Reduce Costs in Financial Operations My Operational Work on the Go For the Managers/Supervisors (Image 18) Copyright 2016, Oracle and/or its affiliates. All rights reserved. Oracle Confidential Internal/Restricted/Highly Restricted 42

Manage and Delegate Operational Work Fluid WorkCenters Manage and delegate operational work queue Take immediate action on critical work Quick decision with

40 Manage and Delegate Operational Work Fluid WorkCenters Manage and delegate operational work queue Take immediate action on critical work Quick decision with simplified analytics Billing Specialist Workload, Customers on Hold Copyright 2016, Oracle and/or its affiliates. All rights reserved. Confidential Oracle Restricted

41 Improve Departmental Productivity Through Simplicity Reports and Queries Fluid General Ledger WorkCenter Copyright 2016, Oracle and/or its affiliates. All rights reserved. Oracle Confidential Restricted

43 MW Modernize Your Applications and UX Classic Plus Style to Align Classic and Fluid Pages Fluid UI where appropriate Classic UI will continue to exist Enhancement of Classic UI style sheet Planned for PeopleTools 8.56 Copyright 2017, Oracle and/or its affiliates. All rights reserved. Confidential Oracle Restricted 49

Powerful Solutions to Increase Efficiency Imaging Integration for Payables & esettlements (Image

Access Content Repository Integration Invoices & Data Integration with PeopleSoft Benefits

process time & costs Increase user productivity Strengthen visibility & controls Take advantage

44 Powerful Solutions to Increase Efficiency Imaging Integration for Payables & esettlements (Image 18) Capture Scan, Read (OCR) & Import Invoices Extract & Index Header and Line Data Store & Access Content Repository Integration Invoices & Data Integration with PeopleSoft Benefits Integrating Your Imaging Solution with PeopleSoft Accounts Payable and esettlements Decrease process time & costs Increase user productivity Strengthen visibility & controls Take advantage of supplier discounts Copyright 2016, Oracle and/or its affiliates. All rights reserved. Oracle Confidential Restricted

45 Powerful Solutions to Increase Efficiency Configurable Invoice Pre-Validation (Image 22) Pick Your Rules Reduce Exception Handling Increase Touchless Processing Reduce Invoice Processing Cost Copyright 2016, Oracle and/or its affiliates. All rights reserved. Oracle Confidential Restricted

Costs Take Advantage of Integrated Flow Create Journals & Amortize Balances Copyright

46 Powerful Solutions to Increase Efficiency Amortization of Expenses Create Voucher and Payment Create & Review Amortization Schedule Strengthen Segregation of Duties Reduce Costs Take Advantage of Integrated Flow Create Journals & Amortize Balances Copyright 2016, Oracle and/or its affiliates. All rights reserved. Confidential Oracle Restricted

47 Increase Productivity & Reduce Costs Bank Statement Expansion (Image 18) Minimize exceptions Four rule types with Automated Reconciliation Reduce time & energy spent on bank reconciliation Use parsed addenda information for reporting and reconciliation purposes Auto reconcile multiple ACH payments Auto reconcile ACH returns Link: Copyright 2016, Oracle and/or its affiliates. All rights reserved. Oracle Confidential Internal/Restricted/Highly Restricted 53

Streamlined Business Processes GL BU Management KEY BENEFITS Support Business Growth and Expansion Swiftly Drive Efficiency Simplify Complex Process KEY FEATURES Leverage

48 Streamlined Business Processes GL BU Management KEY BENEFITS Support Business Growth and Expansion Swiftly Drive Efficiency Simplify Complex Process KEY FEATURES Leverage Questionnaires Copy Existing Structure Use Defaults with Updates as Needed Copyright 2016, Oracle and/or its affiliates. All rights reserved. Oracle Confidential Restricted

Pre-Validation Option Errors Pass Back to Spreadsheet Automate Process Post and Budget Check

49 Improve Efficiency via Streamlined Business Process Spreadsheet Journal Upload Expansion KEY BENEFITS Increase User Productivity Web Service Technology KEY FEATURES Use Staging Area Pre-Validation Option Errors Pass Back to Spreadsheet Automate Process Post and Budget Check Options Copyright 2016, Oracle and/or its affiliates. All rights reserved. Confidential Oracle Restricted 55

50 MW Modernize Your Technology Platform GL Spreadsheet Upload Expansion/Change What It Means To You Web Services Based Technology (Image 20) PeopleTools deprecated XML Link in PeopleTools 8.46 (Doc ID ) Microsoft has started deprecating ActiveX objects Extended validation of spreadsheet data Deprecation of XML spreadsheet upload as of February 2018 Copyright 2017, Oracle and/or its affiliates. All rights reserved. Confidential Oracle Restricted 56

Improve Efficiency in Period Close Process GL WorkCenter & Journal Processing Expansion Speed Through Transactions Expand Value Add Analysis Focused Period-end Activities Refine Journal Processing

51 Improve Efficiency in Period Close Process GL WorkCenter & Journal Processing Expansion Speed Through Transactions Expand Value Add Analysis Focused Period-end Activities Refine Journal Processing into Specific Actions My Approval in WorkCenter Mass Delete for GL Journals Period Close Activities Copyright 2016, Oracle and/or its affiliates. All rights reserved. Oracle Confidential Restricted

52 Streamline Business Processes Match Collaboration Center Streamline Match Exception Resolution Reduce Cost of Financial Operations Maintain Segregation of Duties Copyright 2016, Oracle and/or its affiliates. All rights reserved. Oracle Confidential - Highly Restricted 58

Powerful Solutions to Increase Efficiency Match Exception Collaboration Center Collaboration Between Stakeholders View Transactions by Critical Filters

53 Powerful Solutions to Increase Efficiency Match Exception Collaboration Center Collaboration Between Stakeholders View Transactions by Critical Filters Update Communications to Resolve Exceptions Copyright 2016, Oracle and/or its affiliates. All rights reserved. Oracle Confidential Highly Restricted 59

Reduce Cost of Ownership Through Automation Data Migration Workbench Non Exhaustive Application DataSets - Reference Data - Configuration - Set-up Data - Business Rules Approval Workflow - Secure -

54 Reduce Cost of Ownership Through Automation Data Migration Workbench Non Exhaustive Application DataSets - Reference Data - Configuration - Set-up Data - Business Rules Approval Workflow - Secure - Auditable Validation - Reference Keys - Data Comparison Data Migration Approval Validation Data Migration Approval Validation - Combination Edit, Closing, Consolidation & Elimination - Payment Predictor, Condition Monitor - Payment Request Template, Matching Rule Control - Billing Summarization Template, Express Bill Entry Template Copyright 2016, Oracle and/or its affiliates. All rights reserved. Confidential Oracle Restricted

MW Modernize Your Technology Platform GL Process Conversion to Application Engine What It Means To You Provided Application Engine to Replace Cobol (Image 15) Multi-Currency Revaluation

55 MW Modernize Your Technology Platform GL Process Conversion to Application Engine What It Means To You Provided Application Engine to Replace Cobol (Image 15) Multi-Currency Revaluation Multi-Currency Translation Multi-Currency Translate within Ledger Year-End Closing Reduce Code Maintenance Cobol Not to be Removed Regression on Application Engine only as of January 2018 Copyright 2017, Oracle and/or its affiliates. All rights reserved. Confidential Oracle Restricted 61

57 We Hear You!!! My Oracle Support Idea Space Description Image Delivered Distribute Supporting Documents with Billing Invoices via Image 19 Turn Off or Override Chartfield Inheritance in AR for Specific Tasks Image 19 Attachments Feature for Customer MICR & General pages Image 21 Unpost Deposit with Direct Journal Attached Image 19 Improve AR Update Image 19 Ability to Override Inherited Chartfields for Write-off Transactions on Payment and Maintenance Worksheets Image 21 Allow Deposits with Zero Payment Amounts Image 21 Added Separate Invoice Numbering Rule for Consolidated Invoice Headers Image 21 Highly Requested by Higher-Ed User Group Copyright 2014 Oracle and/or its affiliates. All rights reserved.

PeopleSoft Financials Strategy and Update Key Points Empower Users with Intuitive Interface Deliver Unparalleled Decision Support Drive

58 PeopleSoft Financials Strategy and Update Key Points Empower Users with Intuitive Interface Deliver Unparalleled Decision Support Drive Efficiency into Financial Operations Copyright 2016, Oracle and/or its affiliates. All rights reserved. Confidential Oracle Restricted 65

PeopleSoft Information Portal PeopleSoft

59 Get Connected and Stay Informed Key PeopleSoft Information Sources PeopleSoft CFO Tool PeopleSoft Video Feature Overviews and PeopleSoft Talks PeopleSoft Information Portal PeopleSoft Oracle PeopleSoft Page Social Media Oracle PeopleSoft Development Group Blogs Copyright 2016, Oracle and/or its affiliates. All rights reserved. Confidential Oracle Internal/Restricted/Highly Restricted 66

60 PeopleSoft s Move to Elasticsearch What is Elasticsearch? Distributed, open source search and analytics engine Designed for scalability, reliability, and easy management Based on Apache Lucene, a popular search library, world-wide popular use PeopleSoft and Elastic Search Elasticsearch is a deployment Choice SES and Verity deprecated in 8.56 (SES will be supported with 8.55 until April 2018) PeopleSoft delivers a specific version of Elasticsearch as a Deployment Package Deploy Elasticsearch on the separate search host instead of SES Uses PeopleSoft Security Model Copyright 2017 Oracle and/or its affiliates. All rights reserved.

Questions and Answers Copyright 2016, Oracle and/or its

PeopleSoft Financial Update & Roadmap

PeopleSoft Financial Update & Roadmap Continuous Innovation Amira Morcos Senior Director Oracle Product Strategy June 19 th, 2017 Copyright 2017 Oracle and/or its affiliates. All rights reserved. Oracle