Mid-March, PeopleSoft Released highly anticipated Image 27 which included the following new functionality and enhancements:
Expanded eProcurement Fluid Requisition Capabilities (0:20) – Define default field values for a requisition and add a one time shipping address for a requisition. Mass Changes allows you to modify multiple requisitions at one time. You can also now view, copy, and print for requisitions
Fluid Purchase Order Acknowledgements (1:41) – PeopleSoft has expanded the comprehensive supplier secure portal feature, including POA functionality, and configurable “My Preferences” page to prioritize and respond to POAs.
Bank Transfer Center in Fluid (3:28) – PeopleSoft added the Bank Transfer tile to the Cash Management Fluid Homepage to update existing bank transfer details and create new bank transfers. You can update details only if the status of the Transfer is “new.” In update mode – BU, Transfer type, and ID type are not editable.
Lease Accounting Phase 4 (5:13) – Lease Accounting Phase Four shares Lease Functionality between Asset Management (AM) and Lease Administration (LA), allowing AM users to use LA functionality delivered in the previous three phases. This functionality address core accounting requirements for Payables leases. A new activity guide is available to perform all tasks for performing the migration. The Guided Migration Process Activity Guide enables you to perform migration tasks necessary for utilizing the new accounting standard, including preparing to Transition to the New Standard, and Transition.
Asset Profile Inactivation (6:25) – Asset Profile is used to add assets to the system with pre-defined depreciation and tax criteria for a specific asset type. With Image 27, PeopleSoft added the status field to the profile definition field. You can mark an asset profile active or inactive. This prevents obsolete assets from populating an asset with incorrect criteria and depreciation values.
Calculating Taxes when Saving Invoice (7:11) – PeopleSoft Billing allows you to calculate taxes from the invoice page without having to navigate to the summary page. The Calculate taxes icon is not available for invoices that have a status of “invoiced” or “final.”
Courtesy Copy of Consolidated Invoices (8:01) – PeopleSoft Billing provides the capability to have courtesy copy addresses on consolidated headers. You can select the copy address link to access the create consolidated addresses page.
Component Keyword Search for Grants and Contracts (8:33) – Image 27 provides new search capabilities for award and contract general components using Elasticsearch, including keyword search across contract and award attributes.
Accounting Tag in General Ledger Journal (9:23) – Accounting Tag, a centralized and standardized accounting definition, is designed for financial products in fluid and classic plus. It is a simplified method to manage and maintain accounting data. With Image 27 – PSFT extends the use of Accounting tags, replacing speed types when enabled, for Online Journal Entry, Budget Journal Entry, and Journal Excel Spreadsheet Upload.
SAM Revised General Services Administration Requirements (10:07) – PeopleSoft expands the system for award management leveraging the new SAM taxpayer Name Field from the inbound interface field. Select the user taxpayer name for alternate withholding on the federal processing options page, this allows PSFT system to update the supplier withholding information if it is different from the legal business name.
Activating Contract and Upgrade Bill Plans en Masse (11:00) – Two new actionable exception reports have been added to “My Work” on the Contracts Work Center, Contracts for Activation, and Invalid Billing Plans, allowing you to take action on an individual update or take actions en masse.
Additional Features:
- ISO 2022 – Customer Credit Transfer Initiation for Switzerland
- Electronic Submission of Invoices for Italy
- Prepaid Enhancement for GST
For more information check out the PeopleSoft Youtube Channel!
