Oracle today announced the general availability of Oracleâs PeopleSoft Enterprise Financial Management 9, which features enhancements to core financial accounting, asset lifecycle management and enterprise service automation applications. Additionally, new features will be introduced in PeopleSoft Enterprise Internal Controls Enforcer, a key product designed to enable users to automate and enforce internal controls required under Section 404 of Sarbanes-Oxley. These features include enhanced reporting capabilities and enhanced software license tracking to reduce audit risk and penalties. These releases are yet another example of Oracle providing enhancements to its current application products under its âApplications Unlimitedâ initiative.
Oracleâs PeopleSoft Enterprise Financial Management and PeopleSoft Internal Controls Enforcer help companies gain visibility into business-critical information, strengthen financial discipline, manage governance and compliance requirements, implement project management practices and realise efficiencies by automating and standardising key business processes. The latest release has been enhanced to extend the value of current PeopleSoft investments using next generation technologies, deliver best-in-class business processes and drive a superior ownership experience.
âWe participated in the customer testing process for PeopleSoft Enterprise 9 and saw numerous enhancements in every product of our PeopleSoft footprint that we found extremely useful,â said Kent Frank, Director of Financial Accounting Services at Baylor University and board member of the Higher Education User Group. âWe are highly compelled to upgrade to release 9 in the next year.â
Extending the Value of Current Investments
Oracleâs PeopleSoft Enterprise Financial Management 9 includes new capabilities enabled by innovative technologies - including an expansion of Web services, integration with Oracle Fusion Middleware including Oracle Business Process Execution Language (BPEL) Process Manager, and Oracle XML Publisher -- to help customers maximise existing software investments.
Web services â Customers can benefit from the more than 200 new or enhanced Web services integrated with PeopleTools 8.48 to improve application usability and extensibility. These Web services will help organisations interoperate disparate application systems.
Oracle BPEL Process Manager â Customers may use PeopleSoft Enterprise Financial Management 9 applications with Oracle BPEL Process Manager to integrate business processes requiring the use of different applications or external websites.
Oracle XML Publisher â The combination of PeopleSoft Enterprise Financial Management 9 and Oracle XML Publisher allows customers to create multiple ouput formats using familiar desktop applications. The solution allows companies to simplify the creation of user-friendly and richly formatted reports, payment remittances, 1099 forms, electronic funds transfers, VAT transaction reports and cash positioning worksheets.
Delivering Best-In-Class Business Processes
In the latest release, Oracle continues to deliver comprehensive support for all financial, project management, asset lifecycle management business processes, as well as new functionality for the staffing industry. New enhancements have been made in the following areas:
Â· Compliance â Expanded support for International Financial Reporting Standards (IFRS), functionality for Partial 224 Incremental Requirements for federal government customers and enhanced reporting capabilities, including extensive reports, facilitate financial statement certification and external auditor assessment.
Â· Asset Lifecycle Management â New features include support for asset maintenance, IT asset management and real estate lease administration. Additionally, a variety of new analytics and an improved user interface offer better visibility into IT asset, real property and technician utilisation.
Â· Travel and Expense Management â New, extended business process integration gives customers single sign-on access to travel partner sites and and automates the sharing of user profiles. Additionally, travel reservations can be integrated into the PeopleSoft Enterprise Travel and Expense Management system to streamline travel authorisations and expense reports.
Â· Grants Management â PeopleSoft Enterprise Financial Management 9 includes out-of-the-box integration with www.grants.gov for organisations to obtain and view their opportunities list, preview grant applications online, electronically submit applications via XML-based Web services, review submitted applications and check application status.
Â· Project Management â Key program management enhancements include the expansion of earned value analysis tracking and tools scheduling, offering greater insight and project control in PeopleSoft Enterprise Service Automation, part of the PeopleSoft Financial Management 9 release.
Â· Staffing Industry â PeopleSoft Enterprise Financial management 9 includes streamlined email communications using templates, improved usability in search and navigation and enhanced change tracking for orders and assignments.
Driving the Superior Ownership Experience
Oracleâs PeopleSoft Enterprise Financial Management 9 includes user productivity and usability improvements throughout the Financial Management suite of products, which were driven by direct feedback from customers. A large effort was made to review hundreds of enhancement requests and identify the changes that would bring the highest value to customers.
âWe continue to innovate and offer compelling solutions to our customers,â said Oracle Vice President of PeopleSoft Enterprise Strategy John Webb. âPeopleSoft Enterprise Financial Management 9 and PeopleSoft Enterprise Internal Controls Enforcer are the latest examples of how we work with customers to enrich their investments in PeopleSoft products and create additional opportunities for them to maximise their value.â