Elire News

Category: Industry Knowledge

FASB and IASB Changes – What you NEED to know!

November 28th, 2017

FASB and IASB Changes – What you NEED to know!

Massive changes to Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB) Regulations will affect both Lessors and Lessees. In order to help you prepare and know what to expect, we asked our experts what you needed to know! Elire has an entire practice dedicated to Lease Administration to ensure your organization is prepared. Here is what our experts had to say:

 

For more information or to evaluate the changes FASB/IASB regulations will have on your organization, email [email protected].

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Ask the Expert: Cash Forecasting and Global Liquidity with Oracle Cloud Cash Management

November 21st, 2017

Ask the Expert: Cash Forecasting and Global Liquidity with Oracle Cloud Cash Management

Proper support of a firm’s business objectives can be achieved through the proactive management of a firm’s global cash position and forecast. Liquidity management is a core treasury function that provides knowledge for minimizing an enterprises operational risk through strategic working capital allocations. To succeed, Treasury requires insight into their functional working capital strategies through the unlocking of bank balances and the mobilization of intercompany cash.  We asked Elire Cloud ERP Expert, Logan Wacker, why organizations should implement Oracle Cloud Cash Management to accommodate Treasury’s Forecasting needs, and what it takes to have a successful implementation. Here’s what he had to say:

 

Interested in learning more? Attend Logan’s webinar!

Managing Global Liquidity with Oracle Cloud

Wednesday, November 22nd | 2:00 PM – 2:30 PM CST

Register here

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Ask the Expert: Supplier Management Best Practices

November 16th, 2017

Ask the Expert: Supplier Management Best Practices

Are you looking to establish a new supplier relationship, manage existing vendor relationships, or enhance the value added by your Suppliers? Third party vendors and outsourced services are becoming an ever-important component to a successful business. We asked Elire Strategic Advisory Services Consultant, Lauren Sindt, for advice on how to best manage your suppliers and establish a strong supplier governance. Here is what she had to say!

 

Interested in learning more? Attend Lauren’s webinar, “Strengthening and Streamlining Supplier Management” on Thursday, November 30th. 

Register here

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Ask the Expert: Cash Management in Oracle Cloud

September 27th, 2017

Ask the Expert: Cash Management in Oracle Cloud

Cash Management has arrived on Oracle Cloud! As your trusted on-premise Treasury Experts, Elire is taking the journey into the future with Oracle Cash Management in the Cloud. For your viewing and learning pleasure, Elire will be taking a dive into Cloud Cash Management’s specific functions including Bank Reconciliation, Cash Forecasting, Payments, and Smartview via a five-part webinar series.

Kicking the webinar series off is Part 1: An Overview of Cash Management in Oracle Cloud. We asked Elire presenter and Principal Consultant, Jason McCabe, why customers should consider Oracle Cloud Cash Management, and what tips he had to ensure implementation success. Here is what he had to say: 

Interested in learning more? Attend Jason’s webinar on October 10th!

Part 1 : An Overview of Cash Management in Oracle Cloud

Presenter: Jason McCabe, CTP, Elire

Tuesday, October 10th | 2:00 PM – 2:30 PM CDT

Oracle Cloud is a seamless, modern, and intuitive tool used by thousands across the country. With the addition of Cash Management in Oracle Cloud, it’s time for your organization to move its Treasury operations into the future. In this first part of Elire’s Oracle Cloud Cash Management Webinar Series, Elire Principal Treasury Consultant, Jason McCabe, CTP, will provide an overview into Software-as-a-Service, benefits of Oracle’s Cloud Cash Management solution, Cloud Cash Management features, integration with legacy software, and tips for implementation. 

Register here

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Elire Sessions at #OOW17 – Join us in San Francisco!

June 29th, 2017

Elire Sessions at #OOW17 – Join us in San Francisco!

Team Elire is excited to annouce that we have FIVE presentations at Oracle OpenWorld 2017! Add our sessions below to your agenda and make sure to stop by Booth #4006 to network with our Experts!

Make Your Last PeopleSoft Upgrade Count: An Emory University Success Story [SUN5442]
Presenters: Michael Merrill (Elire), and David Miller (Emory University)
Sun. October 01 | 9:45 – 10:30 AM | Moscone South – Room 309

A major goal for Emory University’s PeopleSoft 9.2 upgrade was to optimize their investment in the system and take advantage of improved PeopleSoft functionality while heavily reducing the number of customizations needed for their system. Learn first-hand from Emory and Elire, on the upgrade techniques, methodology, approach, & other tools used to successfully reduce Emory’s customizations by 40% as part of their 9.2 Upgrade. Now live on 9.2, Emory is fully prepared to take on PeopleSoft Selective Adoption and PeopleSoft Update Manager using the tools and approach learned during their 9.2 upgrade. Whether your organization has upgraded to PeopleSoft 9.2 or not, you will learn valuable lessons from this highly successful 9.2 upgrade.

 
PeopleSoft Treasury SIG Meeting
Presenters: Janet Division (Wells Fargo) and John Scott (Elire)
Sun. October 01 | 10:45 AM – 11:30 AM | Moscone South – Room 309
 
 
Presenters: Carlos Conde (Elire)
Sun. October 01 | 11:45 AM – 12:30 PM | Moscone South – Room 309
 
Learn how global professional services firm, Marsh & McLennan Companies (MMC), with the help of treasury consulting partner, Elire, were able to successfully establish a solution to this common treasury pain point using their existing PeopleSoft Cash & Treasury Management system. In this case study, MMC and Elire will showcase the secrets behind the complex integration of multiple source systems, an Oracle R12 EBS AP/AR integration to PeopleSoft, used to centralize a single reconciliation point. The global roll¬out of Book¬-to-¬Bank reconciliation for US, Europe, Latin America, and Asia Pacific included integration between multiple systems, financial accounting Hubs (FAH), and external sources.
 
 
Presenters: Nori Funamoto (Canon Imaging Systems) and Patrick Gahagan (Elire)
Sun. October 01 | 1:45 PM – 2:30 PM | Moscone South – Room 308
 
Elire & Canon Information & Imaging Solutions will present the integration of Canon’s AP Automation Solution to PeopleSoft 9.2, leveraging the new Open Imaging Integration (OII). We will discuss how the seamless integration of technology and workflow behind the OVI certified solution creates a simple, transparent AP processes, leveraging Optical Character Recognition (OCR), Enterprise Imaging Platform & PeopleSoft Financials. We will showcase a case study to demonstrate the increase in productivity, speed, visibility and control delivered to our client who manually imaged & keyed over 60,000 invoices per year, transforming their fragmented, manual, paper intensive process.
 
 
Presenters: John Wallace (Elire) and Carlos Conde (Elire)
Tue. October 03 | 4:45 PM – 5:30 PM | Moscone South – Room 160
 
In this session, you will learn how organizations are preparing for their transition to the new FASB and IASB leasing guidance. You will also learn how you can utilize planned and delivered features within PeopleSoft Asset Management and Lease Administration to adapt to changes in business process resulting from the new accounting rules.
 
 
Moving from PeopleSoft to Oracle Cloud: BI Reporting Best Practices [CON4629]
Presenters: Aaron Bulthuis (Elire), Karen Costakes (Elire), and Mike Spalding (Yum! Brands)
Wed. October 04 | 12:00 PM – 12:45 PM | Moscone South – Room 206
 
Many PeopleSoft customers have chosen to move to the future and transition to Oracle Cloud. An important part of the transition is to develop a business intelligence reporting approach that works for your organization. In this session, Oracle Gold and Cloud Standard Partner, Elire, will present a case study to discuss a recent client simultaneous implementation of both Cloud HCM and Cloud ERP, who were previously running PeopleSoft. An Elire reporting expert will discuss how to prioritize your reporting needs, utilize industry best practices for your reporting development, and review the lessons learned during the implementation.
 
 
 
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PeopleTools 8.56 General Availability has Arrived!

June 15th, 2017

PeopleTools 8.56 General Availability has Arrived!

This week has been packed full of updates in the PeopleSoft World – mainly with PeopleTools 8.56 being released for general availability.  Below is an overview of the updates and enhancements available – for more information reference the Cumulative Feature Overview Tool

PeopleTools 8.56 Enhancements and New Features:

 

User Interface Enhancements (0:24)

  • Classic Plus – Allows re-worked classic pages to have an appearance similar to that of fluid pages. Classic Plus allows a more seamless transition, especially where both types of pages exist.  Selecting “Fluid like theme for Classic” within the System Branding page will display Classic pages with Fluid-like styling.
  • Personalization of Fluid Homepages on Smartphones – Users can now personalize home pages using the “Personalize Homepage” link, including adding tiles, re-arranging tiles, and removing tiles on their smartphone.

Portal Technology Enhancements (3:45)

  • Unified Navigation – Any PeopleSoft System can serve as the designated portal system within a cluster with unified navigation.
  • Contextual Fluid Dashboards – Application Developers are now allowed to design a fluid dashboard in which user-specified or fixed content values determine the content of the tiles displayed on the dashboard.
  • Event Mapping – The event mapping feature delivered in 8.55 has been enhanced with the Event Mapping References page to assess the impact of when an application class has been modified or upgraded. In addition, two additional events have been added, the Activate event at the page level, and the FieldChange event at the component record field level. Event mapping also allows more than one custom application class to be associated with a single PeopleCode event.  

Test Framework Enhancements (5:47)

  • Support for Testing with Charts – Charts are now a pivotal feature for simplified analytics within PeopleSoft Applications. You can now record test scripts with JET charts using PeopleSoft Test Framework and validate during playback. 
  • Query-Based Testing – Data can now be used from the PeopleSoft Query Results. There is no requirement to record new test cases if the test script utilizes the dataloader step type.

Update Manager Enhancements (6:48)

  • Improved Analytics – PeopleTools has added the ability to differentiate the delivered changes between maintenance and bugs to provide a better understanding of the health of the system, and evaluate what features you currently have and can adopt. Four new pivot grids have been added and include Enhancements by Image, Enhancements by Product, Enhancements by Minimum Tools, and Applied Bugs by Image Lag.
  • Analytics Driven Change Package Definitions – Point and click functionality from the analytics now allows you to create the change package definitions and apply the change package directly within the analytics. Enhancements by Image analytics allows you to see the percentage of enhancements you have applied for each Image. You can also add additional un-applied enhancements to a change package. The Enhancements by Minimum Tools release analytic shows the enhancements available based on PeopleTools release for the targeted environment. Applied Bugs by Image Lag analytic shows the difference between when changes are delivered versus when they are applied. Drill down on specific pivot grids are reformatted to provide more information and provide an analytic driven interface to create the change package.
  • Change Package Definition Merge – An easier way to select and add content to change package definitions. Users are now able to merge contents from multiple packages into one package to make maintenance changes to a system.
  • Enhanced Customization Repository – Customization repository has been expanded to support the customization impact of ADS Customized Objects and Managed Objects.

File Processing Enhancements (16:18)

  • Cloud Attachments – As of PeopleTools 8.56, Oracle Document Cloud is accepted as a Cloud Storage Provider using the Adminster Cloud Provider Page. 

PeopleSoft Search Framework for Enhancements (17:05)

  • New Search Engine – Elasticsearch – In PeopleTools 8.56 – SES and Verity are no longer supported, and are replaced by Elasticsearch.
  • Using Clusters for Elasticsearch – Elasticsearch uses distributed architecture and is built to be scalable using clusters. High availability enables PeopleSoft Search Framework to provide a fail over mechanism
  • Processing Attachments – Attachment processing is enhanced to improve the indexing performance. 
  • Partitioning Application Data During Indexing – Enables you to partition the application data using the Date Range option to improve indexing performance and index chunks of data based on date range. 
  • Administering Elasticsearch – Elasticsearch provides several REST APIs that can be used to obtain details of a cluster or index in the PeopleSoft Application. Elasticsearch Interact is a user interface that enables you to choose a cluster and index level options on which you want to obtain information from the Elasticsearch Search Engine.
  • Monitoring Elasticsearch Using PeopleSoft Health Center – Monitoring and Diagnostic Dashboards provide insight into performance issues that may arise for a cluster and nodes within a cluster. Users cannot run tasks or make updates within the PeopleSoft Health Center.  

For more information on the integration of Elasticsearch with PeopleSoft, see the Elasticseach Home Page, 8.56 Search Technology PeopleBook, or the PeopleSoft Information Portal

Note: For SES customers upgrading to PeopleTools 8.56, you will have to manually move from SES to Elasticsearch. Live cut over is not an option because SES is not supported in PeopleTools 8.56.

PeopleTools Platform Support Enhancements (24:17)

  • PeopleSoft Deployment Packages – DPKs help automate creation, cloning, and maintenance of PeopleSoft Environments. With PeopleTools 8.56, Oracle will expand the support of DPKs to not only include Linux and MS Windows environments, but also to include Solaris and AIX. You can download DPKs for every PeopleTools 8.56 patch from MyOracleSupport for all four environments. 
  • Microsoft Visual Studio C++ Redistributable Installed with PeopleSoft PeopleTools 8.56 – Running PeopleSoft PeopleTools 8.56 requires Microsoft Visual C++ Redistributable for Visual Studio 2015. The packages install run-time components that are required to run C++ applications built using Visual Studio 2015, as is PeopleSoft PeopleTools. Because the redistributables have been packaged, automatic Microsoft Windows security updates are enabled to help keep your system secure. 
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PeopleSoft is here to stay – Tips from the Expert on Upgrading to PeopleSoft 9.2

May 9th, 2017

PeopleSoft is here to stay – Tips from the Expert on Upgrading to PeopleSoft 9.2

PeopleSoft is here to stay! Oracle recently extended the lifetime support of PeopleSoft Applications Premier Support through at least December 2027. As mentioned, this is not the end of life date for PeopleSoft. Oracle does not intend to de-support or end investment in PeopleSoft. [Check out the Oracle Lifetime Support Policy for Oracle Applications here.]

So what does this mean for your PeopleSoft Applications?
Unsure of whether to upgrade to 9.2 or move to the Cloud?

Elire is here to help.

Unsure if your organization should stick with PeopleSoft? Our Strategic Roadmap will help you weigh the decision to upgrade to PeopleSoft 9.2 against the idea of moving to a different platform.

Comfortable that your organization is committed to PeopleSoft but unsure of the timeline, cost, and business case to upgrade? Our 9.2 Readiness Assessment will help you move forward with confidence.

If your organization decides to upgrade, the ability to do so efficiently and prepare for Oracle’s new Continuous Delivery Model is essential. We asked Elire PeopleSoft Upgrade Services Practice Lead, Jeff Hilliard, what is so ground breaking about 9.2, and how do our clients ensure success in the upgrade process?

Tips for Success

  • Consider a “Readiness Assessment” effort to prepare your organization. Thoughtfully determine the desired future state under a Continuous Delivery Model, build internal support for the upgrade project, and move forward with confidence knowing the scope of work ahead. Jumpstart your Fit Gap by shifting Analysis ahead of your larger PeopleSoft 9.2 Upgrade effort!
  • Incorporate a proven “Upgrade specific” Methodology that emphasizes strong Project Management utilizing tools that provide real-time visibility to the progress of “In-Scope” key project deliverables, and improves team effectiveness and efficiency throughout all project phases.
  • Engage key functional and technical project resources early to build excitement and momentum regarding your PeopleSoft upgrade journey. Initial Stakeholder involvement with setting project goals helps to convey the importance and leadership commitment to the upgrade effort.
  • Take advantage of the opportunity for business process review, evaluating existing functionality that is not being fully utilized as well as new release functionality for eliminating customizations that are no longer necessary.
  • Perfecting the Test Move process, which involves the tuning of upgrade scripts and successful execution of a detailed cutover plan, is critical to the success of the upgrade go-live cutover. Well orchestrated successful testing cycles and proper Change Management activities will ultimately reveal an organizations readiness for the final Move-To-Production.

For more information or to speak with our Upgrade team, contant [email protected].

Connect with us a PeopleSoft RECONNECT17: https://www.questdirect.org/conference/reconnect

 

 

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Industry Update: Image 22 for PeopleSoft HCM released!

April 25th, 2017

Industry Update: Image 22 for PeopleSoft HCM released!

PeopleSoft HCM Update Image 22 was released last week, including the below enhancements and updated functionality highlights. For a comprehensive description of the new and updated functionality, check out the Cumulative Feature Overview.

Video courtesy of https://www.youtube.com/user/PSFTOracle. Subscribe today to stay up to date on the latest Image releases and PeopleSoft news.

00:15Creating a New Position Using Fluid Guided Self Service

This new functionality gives managers access to a new guided self-service transaction for copying or cloning positions. The cloning functionality makes it easier to post a new job requisition by cloning descriptions and data for existing positions. 

02:20Changing Work Schedule Hours Using Fluid Guided Self Service
This updated feature has been renamed, and provides additional items to include a standard hours field in addition to the full/part time field. It also now includes a Display-only FTE equivalent field when a manager changes full time hours. 

03:11Fluid Employee Snapshot New Content and Enhancements
Additional Dashboards and Content have been added, allowing managers to view and navigate employee data without having to go to multiple pages. Four business processes and data – personal competencies, honors and awards, responsibilities, and licenses and certifications are included in the employee snapshot. New performance review dashboards have been added, introducing new performance related tiles. Talent administrators can now use the Fluid User Interface to configure displays, enabling the talent administrator to determine how long tiles appear and what titles, awards, etc. should be available.

05:39Fluid Manager Self Service–Report Time, Weekly Time, Payable Time, and Leave Balances for Time and Labor
New Feature enables managers to enter time and review weekly, payable time, and leave balances using the Fluid User Interface on a desktop, tablet, or mobile device. The Team Time panel allowes managers to navigate between components with ease. 

06:55Fluid Self Service Enhancements for Absence Management
Enhancements include the ability to review eligibility and forecasting details in Fluid Self-Service. The user interface is now more intuitive with a streamlined interface. The “View Absence Balances” pages allow the ability to review current balances, forecast, and review forecast balance details, which are then added to the approval absence transaction. This allows review of only the reviewed balances and requests which meet the required criteria. 

07:58Enhanced Absence Management Integration with Time and Labor
The absence process can now be run iteratively with enhanced integration between Absence Management and Time and Labor. The Absence Calendar no longer needs to be finalized to send Absence to Payable time, as well as real-time payable time can be generated upon Absence Approval. 

08:55Fluid Self Service for ePay Global Payroll Banking
This new feature enables employees to add Bank Accounts and payment information via Fluid User Interface. 

09:35Fluid Enhancements for Candidate Gateway Recruiting
New functionality includes customer requested enhancements,  including the ability to turn off email job postings, turn off ability for employees to refer a friend, ability to display the close date on a requisition, and ability to add a new search of the most recent job descriptions’ on the careers page. 

11:51Electronic Form P45 for the United Kingdom
This enhancement now supports online P45 generation and provides leavers the option to view or print the report with Employee Self Service, as well as allows Administrators to select P45 receipt via email or Employee Self Service after generation.

13:14Payments Conform to ISO 20022 Standard for Switzerland
Updated to create payment files compliant with the Swiss derivative for IS 20022.

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Ask the Expert – Oracle Cloud HCM Tips & Tricks

March 27th, 2017

Ask the Expert – Oracle Cloud HCM Tips & Tricks

There’s no hiding it, Cloud technology is on the rise, and moving Human Resources to the Cloud is no exception. We asked our Cloud HCM Practice Lead and Principal Consultant, Rich Cho, what makes Oracle Cloud so special – and then, how do you ensure implementation success?

Tips for Successfully Implementing Cloud HCM:

  • ENGAGE Local Stakeholders early on:
    • Have Executive Sponsors and Steering Committee members champion the project, provide strategic direction, and ensure leadership alignment and support
    • Establish a clearly defined Governance Model to address issue escalations and change requests
    • Staff dedicated, consistent resources from within the organization; backfill current positions if necessary
  • KNOW and UNDERSTAND your data:
    • Know your current-state processes, statutory and security requirements
    • Set objective design goals: “deliver process consistency“, “utilize delivered functionality”
    • Harmonize what you can: jobs, compensation programs, definition of services dates
  • LEVERAGE the breadth of Oracle Cloud platform
    • Properly prioritize the functionality that needs to be available on day one
    • Have a clearly defined plan to incorporate Oracle Cloud updates
    • Leverage integration frameworks to create consistency and reduce maintenance
  • EMPOWER employees and managers with data
    • Provide targeted training and job aids to the user population
    • Leverage Change Management resources
    • Make value-added reports available to end-users

 

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Interview with the Expert – Advice from Elire’s PTF Expert, Valentin Todorow

February 14th, 2017

Interview with the Expert – Advice from Elire’s PTF Expert, Valentin Todorow

 

PTF or PeopleSoft Test Framework, has been an industry hot topic for the last year. Many users know what PTF is, but are still asking,”Why PTF?”

We asked our Subject Matter Expert, Valentin Todorow, and below are his top ten reasons to utilize PTF. 

1. Saves time on all cycles of testing

2. Free to all PeopleSoft users
3. Integrated directly with PeopleTools
4. Easy to maintain scripts and PUM changes
5. Utilized by Oracle Peoplesoft Development 
6. Scalable environment targeting
7. Multi Browser testing support
8. Scalable and customizable if needed
9. Excel and query based data staging
10. Data sits on PeopleSoft Tables 
 
Elire has a library of information to education users on the benefits, and proven best practices for utilizing PTF. For more information, watch our webinar, “Testing Made Easy – How to Leverage PTF with your Continuous Delivery Model,” or see the presentation live at COLLABORATE 17
 
Still not convinced? Check out a side-by-side comparison of the time and energy automated testing with PTF can save you. 
 

To schedule a call with Valentin, or receive a demo of PeopleSoft Test Framework, email [email protected].

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