Key Enhancements and New Features
Recently, Oracle delivered the PeopleSoft FSCM Image 53 update with exciting new features and enhancements. This update continues to drive efficiency, user experience, and streamlined processing across Financials and Supply Chain Management (FSCM) applications. Explore the details of each enhancement below and discover how your organization can maximize its PeopleSoft investment.
Work Management Framework
FSCM Image 53 introduces the optional Work Management Framework, now available in select FSCM WorkCenters. Organizations can choose to enable this enterprise component, offering powerful tools for tracking and managing transaction errors and warnings within the “My Work” sections.
When enabled, users can:
- View, sort, and act on transactions based on their work management status
- Perform additional actions like notifying individuals outside the system via email
- Move transactions across statuses (Active, Inactive, Assigned to Me, All Assigned, All History) based on business process progression
This framework initially rolls out for applications such as Expenses, Asset Management, Commitment Control, Contracts, Payables, and Project Costing.
Scan Asset Codes with Device Camera
Mobile asset tracking becomes even more seamless with the ability to scan asset codes directly from a device’s native camera. Users can now:
- Scan QR codes or barcodes without third-party hardware
- Instantly capture asset details and access preventive maintenance schedules and work orders
- Utilize this functionality across Physical Inventory and Scan by Location pages
This feature greatly simplifies physical inventory processes and enhances real-time asset management.
Requester Dashboard and Approval Statuses
The new View Approval Status tile empowers both requesters and approvers to monitor transaction approvals easily. Delivered on the Employee Self-Service homepage (and available to add elsewhere), it allows:
- Requesters to track transaction status without navigating back to the originating components
- Approvers to view the progress of transactions they have already acted upon
Note: This tile is for viewing only and does not replace the Pending Approvals page for active approval tasks.
Access Insights Dashboards from Fluid WorkCenters
Image 53 enhances Fluid WorkCenters for Contracts, Projects, and Asset Management, allowing direct access to Insights Dashboards from the “My Insights” pagelet. Available dashboards include:
- Contracts WorkCenter: Cost Reimbursable Awards, Financials, and Portal Insights
- Projects WorkCenter: Cost Analytics, Billing Analytics, Revenue Analytics, and Year-over-Year Trends
- Asset Management WorkCenter: Asset Analytics and Year-over-Year Trends
These enhancements bring analytics closer to operational workflows, driving faster, more informed decision-making.
Financial Management Solution Features
Security and validation enhancements include bank account encryption updates, where approvers can now unmask and verify bank account details during supplier processing approvals. Organizations must select the “Authority to Unmask Account Number” option to enable this critical fraud prevention feature.
Supplier Relationship Management Features
Significant Supplier Relationship Management improvements include the rush priority for Requisitions and Purchase Orders, where authorized requesters can now mark requisitions as “Rush,” triggering expedited sourcing, approval, and dispatch workflows. Rush orders display special handling instructions and are easily filtered and identified throughout procurement and approval processes.
There are also enhancements to the Supplier Contract Management with DocuSign, including expanded anchor tag support includes initials, optional initials, and company fields, enabling a smoother, more comprehensive digital signing experience.
Enterprise Automation Services
Project Costing gains efficiency with new partial wildcard and exclusion functionality within Pricing and Rate Set Criteria configurations. Users can now exclude specific costs from billing and revenue and also configure partial wildcards for rate set criteria, simplifying management for organizations with complex pricing rules.
Additional Features
PeopleSoft FSCM Image 53 introduces multiple productivity enhancements across modules, including:
- General Ledger: Confirmation messages for journal edits and multi-file journal import support
- Payables: Cash clearing entries for non-federal payments
- eProcurement: XML staging for “Bill Only” and “Bill and Replace” requisitions
- Expenses: Ability to delete expense reports from the admin view
- Grants: Zero value display improvements
- Asset Management: Location and profile ID changes reflected in load depreciation reports
- Lease Administration: Invoice number entry for Payables leases
- Maintenance Management: Transfer of preventive maintenance schedules between business units
PeopleSoft FSCM Image 53 delivers valuable enhancements to improve operational efficiencies and user satisfaction. Elire is ready to help guide your team through leveraging these enhancements and ensure you’re getting the most out of your PeopleSoft investment. We’ll help your team understand, prioritize, and implement these updates to maximize your PeopleSoft investment.
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