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PeopleSoft FSCM Newsletter June 2024

Luke Hodges

Hello PeopleSoft FSCM Community, 

It was fantastic seeing many of you at the Quest BLUEPRINT 4D 2024 in Dallas last month.  FSCM Product teams presented at 13 sessions that included product roadmaps, customer success stories, and roundtable discussions.  We value all the feedback we got from the attendees – it was absolutely inspiring to hear your innovative ideas and suggestions on product enhancements.  You can review the content through the Quest Website.  A special Thank You to our customers who continue to deploy new features and functionality.

Upcoming 2024 FSCM User Groups/Webinars/Conferences:

Customer Corner – Highlights customers who have implemented, upgraded, or deployed new Finance Features

  • Congratulations to City of Indianapolis & Marion County, IN for deploying Fluid Approvals
  • Congratulations to Cape Cod Healthcare for deploying PeopleSoft in OCI (Oracle Cloud Infrastructure)
  • Congratulations to CBRE for upgrading to PeopleTools 8.60
  • Congratulations to CNP Assurances for upgrading to PeopleTools 8.60
  • Congratulations to County of Sonoma, CA for upgrading to PeopleTools 8.60
  • Congratulations to Florida State College at Jacksonville for upgrading to PeopleTools 8.60
  • Congratulations to HAYS Recruiting for upgrading to PeopleTools 8.60
  • Congratulations to Independence Blue Cross – Philadelphia for upgrading to PeopleTools 8.60
  • Congratulations to Los Rios Community College District for upgrading to PeopleTools 8.60
  • Congrats to Mantech for deploying Match Exception Collaboration Center
  • Congratulations to Medstar for deploying Fluid Delegations and upgrading to PeopleTools 8.60
  • Congratulations to Milton Hershey School for deploying Fluid
  • Congratulations to Metropolitan Council – MN for upgrading to PeopleTools 8.60
  • Congratulations to NYC Health & Hospital for upgrading to PeopleTools 8.60
  • Congratulations to Omaha Public Power District for upgrading to PeopleTools 8.60
  • Congratulations to Open Lane for deploying Configurable and Open search and upgrading to PeopleTools 8.60
  • Congratulations to Reserve Bank of Australia for upgrading to PeopleTools 8.60
  • Congratulations to Southwestern Illinois College for deploying Fluid Approvals and Fluid Payment Requests
  • Congratulations to State of Delaware for upgrading to PeopleTools 8.60
  • Congratulations to State of Minnesota for upgrading to PeopleTools 8.60
  • Congratulations to State of Wisconsin -Department of Transportation for deploying Fluid Expenses
  • Congratulations to The Cincinnati Insurance Co for deploying Fluid Approvals and upgrading to PeopleTools 8.60

     Kudos to the Milton Hershey School for their recent FSCM Fluid implementation!

Focus Group Updates:   Click on the link to find a focus group to join

  • Financials – The focus group met in June to review and provide feedback on improvements to period close process.  We discussed options on how the close process within PeopleSoft can be better managed.
  • Payments – The focus group plans to meet in June and July to discuss Supplier Payments Using Virtual Cards.
  • Asset Tagging & Tracking—The focus group will meet in late June to discuss asset tagging and tracking.
  • Project Costing – The focus group met in April to discuss enhancements to rate sets and pricing that would allow use of partial wildcards as criteria and the ability to exclude transactions from pricing.  These enhancements will significantly reduce the number of rows entered in rate set criteria if you have exceptions to account for.  The focus group will meet in July to review changes to Project Asset Capitalization. If you are interested in joining, please contact joe.willever@oracle.com.
  • Grants and Contracts – The focus group met in April to review a demo of the Contract and Award Update Wizard and the Award Portal Dashboard.  The Update Wizard is a guided process that will provide update en masse capability for contract administrator, billing specialist, principal investigator and other information on the award and contract.  The Award Portal will provide grants customers a comprehensive view of their awards including both financial and non-financial information.  Budget, cost, and billing information in addition to status of milestones, recent modifications, award team assignments and proposals in progress are just a few items planned for this Insights dashboard.
  • Supplier Contract Management – Focus Group met on June 12 to discuss potential enhancements to improve the visibility of approvals and compliance issues.
  • eProcurement – Focus group met in May and June to discuss the ability to Receive for Other Requesters and Rush Orders which is a way to indicate a Rush Requisition and expedite it through approvals. We are planning to have two additional focus groups in June and July to cover the planned capability of a Create ‘Bill Only Requisition API’ which will allow feeds from an EHR system, Supplier Sales Order or GHX. The second will be discussing the different ways to bring external punchout Items into ePro and be available for searching so that external catalog Items will be visible in the ePo search.

 ***Important Note*** Focus Groups are open to all customers; calls are typically once a month for an hour or as needed.  Your organization needs to have a current CPCA (customer participation confidentiality agreement) since Oracle discloses future design and prototypes.

PeopleSoft Update – Click here for a schedule of release dates

  • FSCM Image 51 – posting July 22, 2024*
  • FSCM Image 52 – posting November 18, 2024*

*Tentative Dates – Oracle Safe Harbor Statement applies.

“Popular &  New” Finance Ideas – Check out and VOTE for your favorite Idea, click here to see all the PeopleSoft Ideas

PeopleSoft General Update

Note: If you would like to receive this newsletter directly (or be removed) – please email Julie.alonso@oracle.com