Starting with PeopleSoft Update Image 33, you can integrate PeopleSoft Asset Management and Maintenance Management with the Oracle Internet of Things Asset Monitoring Cloud service. PeopleSoft and the Oracle IoT Asset Monitoring Cloud service enable you to gain real-time visibility to your asset's location, health, and utilization. You can track assets anytime, anywhere. Additionally, you can predict asset behavior based on a combination of sensor and contextual data. Predictions use machine learning to identify potential issues before they become problems. 

PeopleSoft Asset Management and PeopleSoft Lease Administration enable your organization to measure and recognize payables leases. In PeopleSoft FSCM Image 31, PeopleSoft introduced enhancements that are specific to Statement 87 from the Governmental Accounting Standards Board (GASB). These enhancements included business unit configuration options and the recognition of a financed purchase for contracts with a transfer of ownership.

This episode of PeopleSoft Spotlight Series provides the user with a rudimentary understanding of the new revenue accounting standard and its impact. Additionally, the video will provide the user with an overview of new functionality to address requirements of the new standard, including an overview of key items of configuration and a description of interactions…