Is PeopleSoft an accounting software?

Table of Contents

PeopleSoft Financials is getting used across the entire organization because of the system of record for financial transactions. We heavily utilize the overall Ledger, Asset Management, Purchasing, and Accounts Payable modules to trace and record all financial transactions within the organization. We use the Accounts Payable module to trace and pay our vendors and connect that with the overall Ledger to facilitate budget planning and ensure the organization’s financial health.
Customizable – PeopleSoft Financials allows for a fantastic amount of flexibility and customization, which is compatible with several industries, including the healthcare and utility sectors

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Is PeopleSoft an accounting software
Is PeopleSoft an accounting software

What is PeopleSoft

PeopleSoft is an e-business stock line owned by Oracle. PeopleSoft initially offered HR and account applications. Throughout the long term, it’s additional devices and applications for general business measures, similar to materials the executives, and applications for explicit ventures, similar to automotive, communications, and higher-education fields.

PeopleSoft now furnishes clients with a coordinated ERP programming bundle that helps inside the everyday execution of arranged business activities. PeopleSoft applications are utilized by human asset divisions in enormous companies. These applications incorporate human asset board frameworks (HRMS), client relationship, the executives (CRM), financials, and give chain the executives (FSCM) and endeavor execution the board (EPM).

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What is accounting software?

The time had passed when the life of the accountant was a succession of monotonous moments in front of the computer: repetitive tasks, stacks of documents, spreadsheets. The technology of the accounting system eliminated much of that sameness and brought more adventure to the routine. If you don’t realize this, it is because you still use an accounting office program that is in the past!

That’s why your day to day feels less like an adventure and more like a one-note song. Of course, the routine continues. But having to enter all the keys to access the invoices or manually make the recipient’s statement to customers, for example, is something you or your team need not submit to.

10 reasons Peoplesoft is an accounting software

PeopleSoft monetary administration applications have been unsurprising as the main ERP item over a wide scope of ventures that aids associations in computerizing their bookkeeping activities, reduced expenses, and smooth out business strategies. They give industry driving answers for associations’ worldwide prerequisites, anyway multifaceted they might be.

Charging, Accounts Receivable, Accounts Payable, Asset Management, Expenses, and General Ledger the diagram of records, utilized through associations for recording and revealing monetary exchanges, and how to actualize them in PeopleSoft through chart fields, specialty units, and SetIDs

General Ledger PeopleSoft

PeopleSoft Project Costing

Expenses PeopleSoft

PeopleSoft Asset Management

PeopleSoft Purchasing

PeopleSoft eSettlements

Billing PeopleSoft

PeopleSoft Planning and Budgeting

PeopleSoft Receivables

The use of accounting software can be a real “hand on the wheel” for professionals in the field. This technology is crucial for the accountant to be able to work in order to turn his attention to what he really needs and, thus, to optimize his time and work routine that becomes more productive.

Cost reduction

With the application of a software, the work of the accountant is not only facilitated but also has fewer tasks since many of them will be automated.

Increased productivity

It is undeniable that accountants in possession of accounting software will naturally increase their productivity, and thus that of the sector in general.

Reduction of various errors

As experienced and knowledgeable in his field as he /she is, an accountant, is not free from making human mistakes such as mathematical errors.

Speed ​​of procedures

The best accounting software performs several activities simultaneously and instantly.

Data security

The software provides much more protection to company information and accounting data for making backup copies; secondly, by increasing the confidentiality of data, as it limits access.

Integration between systems

Another advantage of investing in accounting software for your office or company is the fact that it is able to interconnect several processes involving different sectors or programs.

PeopleSoft tutorial

PeopleSoft is an e-business programming suite that is owned by Oracle programming.  With numerous instruments and applications that are planned explicitly for general business measures for different spaces across different enterprises, it furnishes clients with a coordinated ERP arrangement that can aid the everyday execution of different business activities. The primary objective of PeopleSoft is the way it best services the client, which can be effectively versatile in a changing commercial center.

Our inside and out Oracle PeopleSoft programming preparation is intended for the following individuals

  • People who are new to PeopleSoft development.
  • Having experience as a programmer.
  • Who is looking for a career change?
  • Having experience as a PeopleSoft administrator or a functional person.
  • Someone who is working on support projects
  • Implementation consultants
  • Configuration consultants
  • Application developers
  • Business analysts and report developers
  • System administrators
  • STEM graduates or any degree holders.

The trainers are Peoplesoft hcm certified professionals with more real-time experience in live projects. In the course, you will be learning in detail about Peoplesoft Architecture, Application engine, File Layout & C, Application designer, content for people code, process scheduler, SQR, Psquery with practical examples and live examples.

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Peoplesoft offering

Prodapt offers a set-up of the update, joining, transformation and administration encompassing the Human Capital Management, Financial Management, and Customer Relationship Management modules for the media transmission industry. 

Our administrations include:

Program and Project Management 

Prodapt has a solid history of overseeing crucial applications in the BSS/OSS space and has exhibited accomplishment in diminishing everyday help costs and in awe-inspiring assistance level arrangements.

Specialized ability is basic; however, arranging, danger, and change are really the keys to each effective task, huge or little. Product is both CMMi – Level 5 and SSAE16 affirmed, and our demonstrated approaches can manage your PeopleSoft undertaking.  Our prepared administration will characterize and oversee costs, decide and intervene in dangers, and drive venture execution with tried apparatus sets.

Overseeing PeopleSoft applications represents a kind of test that requires a steady association between the end clients, business experts, and specialized staff. Adjusting key goals to a steady stream of refreshes from PeopleSoft is a huge test. Prodapt has prepared PeopleSoft experts that can conquer venture obstacles, dodge scope creep, contain costs, and give on-time conveyance of the arrangement.

 Prodapt will provide:

  • Impact analysis
  • Remediation of customizations
  • Custom modules
  • Infrastructure and program tuning
  • Iterative testing
  • Implementation management

Peoplesoft training

This complete Peoplesoft Learning Subscription brings all the fundamental preparation needed to understand the total item suite, from the Tools and the apparatus set, down to every single application, including Campus Solutions. PeopleSoft Applications are intended to address the most intricate business necessities. By executing an incorporated set-up of uses, PeopleSoft Applications give an extensive business and industry arrangement, empowering associations to build profitability, quicken business execution, and give a lower cost of proprietorship. As new PeopleSoft Applications highlights are delivered, membership content is revived with new, significant content. These ongoing updates guarantee your skill advances directly. PeopleTools gives basic innovation to PeopleSoft applications. All PeopleSoft applications are constructed, conveyed, and kept up utilizing PeopleTools, which includes more than 400 apparatuses, utilities, and innovations.

From your designer to your framework manager to your implementer and business expert, your colleagues can profit through an assortment of preparing subject territories inside the extensive PeopleSoft Learning Subscription. 

What’s more, the Campus Solutions (Higher Education) suite is covered. Build up the information and abilities to exploit amazing new capacities and functionalities inside the most recent Campus Solutions item.

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Peoplesoft Features

PeopleTools gives the hidden innovation to PeopleSoft applications. All PeopleSoft applications, for example, Human Capital Management and Customer Relationship Management, are fabricated, sent, and kept up utilizing PeopleTools. With PeopleTools, you can:

Develop new applications or customize existing applications.

Integrate PeopleSoft applications with other PeopleSoft applications or third party applications.

Upgrade and update your applications as part of system lifecycle management.

The territory of PeopleTools innovation contains more than 40 devices, utilities, and advancements. The archives recorded beneath give brief presentations of each instrument or innovation and present two systems with which you can pick up a good understanding of the conveyed innovation, how to order the apparatuses, and when to utilize specific devices.

Activity Management

  • Admission Applications Web Services (AAWS)
  • Affiliations
  • Approval Workflow Engine (AWE) Framework
  • Business Intelligence (BI) Publisher
  • Common Attribute Framework (CAF)
  • Dashboards, Pagelets, Pivot Grids
  • Delegated Access
  • Evaluation Management
  • Fluid User Interface (UI)
  • Integration Broker (IB)
  • Milestones
  • Notification Framework (NFK)
  • Oracle’s Modern Student Strategy: Campus Solutions, Student cloud PART 1
  • Oracle’s Modern Student Strategy: Campus Solutions, Student Cloud PART 2
  • PeopleSoft Financials 9.2 Update
  • PeopleSoft Test Framework (PTF)
  • Post Enrollment Requirement Checking (PERC)
  • Program Enrollment
  • Prospect /Applicant Delete
  • Prospect Data Load
  • Related Content
  • Work Centers

Peoplesoft login

A PeopleSoft client ID is the ID you enter at the PeopleSoft sign-in page. You relegate each PeopleSoft client a client ID and secret phrase. The mix of these two things awards clients online admittance to the PeopleSoft application. The framework can likewise utilize a client ID put away inside an LDAP index worker. The client ID is the key that the application uses to distinguish the client profile definition.

Contact ID

The associate ID plays out the underlying association with the information base. An interface ID is a legitimate client ID that, when utilized during sign in, replaces PeopleSoft client IDs. Utilizing an associate ID implies you don’t need to make another information base client for each PeopleSoft client that you add to the framework.

Access ID

At the point when you make any client ID, you should appoint it an entrance profile, which indicates an entrance ID and secret phrase.

The PeopleSoft access ID is the RDBMS ID with which PeopleSoft applications are at last associated with your information base after the PeopleSoft framework interfaces utilizing the associate ID and approves the client ID and secret key. Clients don’t have the foggiest idea about their comparing access IDs. They sign in with their client IDs and passwords. In the background, the framework signs them into the information base utilizing the entrance ID.

PeopleSoft ERP

The consultancy ERP PeopleSoft is part of the package of services and solutions from Oracle, and IT Business, which maintains an Oracle partnership of Platinum Partner level, is able to deliver several ERP solutions for HR Management, both in the cloud and in the physical environment of the client.

In addition to 

PeopleSoft ERP consultancy, IT Business also offers HCM services for companies, which is a package of Oracle solutions to promote the training of the workforce with cloud application (in the cloud).

ERP PeopleSoft Consulting and Software Factory

The consultancy ERP PeopleSoft has as its base of services the upgrade and the implantation of systems, factory of tests and set-up, besides the complete technical and functional support provided by IT Business.

PeopleSoft ERP consulting services complement the actions and processes for financial management, CRM management, and HR management (human resources). Through PeopleTools, an ERP Peoplesoft tool, IT Business delivers complete solutions that add value to the client’s business.

As a software factory, IT Business has a rich portfolio of Oracle services and solutions for enterprise performance management and management (EMP – Enterprise Performance Management).

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PeopleSoft financials

Its central way of thinking is driven by the need to record, cycle, and report bookkeeping exchanges of an association.

In this part, we’ll build an understanding of the center ideas of PeopleSoft applications, for example, Chart of Accounts, Business units, SetIDs, Banks, User inclinations, and related designs. We’ll likewise figure out how to utilize a significant apparatus known as Set-up Manager, which is utilized in actualizing PeopleSoft applications.

Note that these ideas are not identified with a particular module and fill in as the establishment for all ensuing modules.  A PeopleSoft Financials specialist must understand these perspectives to have the option to effectively keep up and actualize the applications.

This book identifies with variant 9.1 of PeopleSoft applications. Therefore, the ideas and screen capture in this book allude to form 9.1. A portion of the screens and essential concepts might be like past PeopleSoft renditions.

PeopleSoft modules

Absence Management: PeopleSoft Absence Management is intended to permit associations to design and oversee nonappearance occasions inside a solitary, configurable principles-based application. 

Compensation: PeopleSoft Compensation gives heads of department the apparatuses to control Salary, Cash, and Non-Cash designs that deliberately spend pay dollars and drive execution. 

eBenefits: Representatives access their advantage projects to audit their present advantages and roll out admissible improvements. This page shows the benefits of synopsis and accessible enlistment occasions for a worker.

Enterprise Learning Management: Learning the executives is a vital segment in an incorporated, compelling board arrangement. Learning the executive’s frameworks give nonstop learning openings that improve labor force competency.


In outline, it is dubious to indisputably recognize which programming beats the competition when looking at Epicor iScala versus Prophet PeopleSoft Enterprise. Even though PeopleSoft Enterprise scores higher than iScala in the above outline, programming execution can eventually be affected by components, such as hazard, cost, term, and adaptability. The above variables ideally plot a few fields that potential purchasers can use to survey their product choices. 

You can direct your weighted programming assessment, utilizing the ERP Request for Proposal (RFP) Template as a beginning stage and alluding to the Comparison Report for your preferred product sellers to supplement your exploration. You can likewise utilize TEC Advisor, the most impressive online programming assessment, and choice application available.

Click this affiliate link to get Oracle PeopleSoft Enterprise Financial Management 9.1 Implementation.

Luis Gillman
Luis Gillman

Hi, I Am Luis Gillman CA (SA), ACMA
I am a Chartered Accountant (SA) and CIMA (SA) and author of Due Diligence: A strategic and Financial Approach.

The book was published by Lexis Nexis on 2001. In 2010, I wrote the second edition. Much of this website is derived from these two books.

In addition I have published an article entitled the Link Between Due Diligence and Valautions.

Disclaimer: Whilst every effort has been made to ensure that the information published on this website is accurate, the author and owners of this website take no responsibility  for any loss or damage suffered as a result of relience upon the information contained therein.  Furthermore the bulk of the information is derived from information in 2018 and use therefore is at your on risk. In addition you should consult professional advice if required.