July 2nd, 2019

Connect with Elire at PeopleSoft RECONNECT

Next week, Team Elire will be attending PeopleSoft RECONNECT 19. This PeopleSoft-focused event will take place between July 16th and 18th in Rosemont, Illinois. Gathering over 400+ PeopleSoft users, product experts, and strategy teams, this annual conference presents the opportunity for attendees to network with other users, maximize their PeopleSoft investment, and attend 200+ educational sessions. 

We look forward to participating in this annual deep-dive PeopleSoft conference. Participating in RECONNECT 19 allows Team Elire to engage with users on a more technical level, offering our solutions and expertise while highlighting our relevant services through our booth, lectures, and meetings. 

Elire will once again be hosting our booth and the following sessions:

[101170] PTF: Integration to ALM, Scheduling, Production Validation and Pivot Grid Reporting

• 9:15 AM – 10:45 AM│Wednesday, July 17th│Narita AB

[100570] PeopleSoft Treasury SIG Meeting

• 1:30PM – 2:30 PM│Wednesday, July 17th│Heathrow AB

Be sure to add these sessions to your agenda and visit our booth #401. When seated in the audience facing the presenter stage, our booth is located on the corner just to the right of the stage. 

We look forward to seeing you at RECONNECT 19! In the meantime, we invite you to browse our website where you can find information on our PeopleSoft Test Framework (PTF) and PeopleSoft consulting services. Follow the links above to download our informational onesheets. Get in touch with the Elire Team for further information. We can answer any questions you may have and put you in contact with a member of our Team!

Conference #peoplesoft, #PTF, PeopleSoft Integration, PeopleSoft Treasury, RECONNECT

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April 12th, 2019

PeopleSoft FSCM PUM 31 GASB Updates

Recently, PeopleSoft PUM FSCM Image 31 became available and includes functionality to ensure Government Accounting Standards Board (GASB) compliance as it relates to Lease Accounting.

The GASB issued statement number 87 (GASB 87), is a new accounting standard for lease accounting. The new standard is effective in 2020. GASB 87 is similar to previously released guidance from FASB and IASB with some differences. A key requirement under GASB is to capitalize leases as assets and liabilities on the balance sheet. The operating lease classification no longer exists under GASB. This is similar to guidance under IASB. However, GASB does classify certain leases as ‘Financed Purchases’ which is different from IASB or FASB.

When the business unit reports under GASB, the system classifies assets in the business unit as finance and disregards the criteria for classification of leases used by FASB.  This can be completed by enabling the GASB 87 features using the same installation options used for IASB and FASB.

In addition, GASB 87 requires organizations to classify certain leases as a ‘Financed Purchase.’ The initial measurement of the lease liability and the asset is the same for a financed purchase. The difference is the liability account used for a financed purchase. The liability should be reported using the ‘Financed Purchase’ account rather than the ‘Lease Liability’ account.

The GASB identifies a financed purchase as a lease that:

• Transfers ownership of the underlying asset to the lessee by the end of the contract and the lease cannot contain termination options.
• The lease may contain a fiscal funding or cancellation clause as long as it is not reasonably certain of being exercised.

The GASB views this lease as a financed purchase rather than a lease liability, because the lessee is expecting take ownership of the leased asset.

Accounting for financed purchases requires changes to transaction code configuration, the transaction code selected on the asset, and the accounting entry templates.  This is completed by creating a new transaction code for Financed Purchases (FP – Financed Purchase – Fin Purch). When adding a new asset, the checkbox “Transfer of Ownership” will also need to be selected for these instances.

About the Author: Bryan Reynolds is a Consultant in Elire’s Lease Administration Practice, responsible for implementing Oracle’s Lease Accounting Modules.

Industry Knowledge #peoplesoft, ASC 842, FASB, FSCM PUM 31, GASB, IASB, Lease Accounting, Lease Administration, Leasee, Lessor, PeopleSoft PUM, PeopleSoft PUM 31

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January 24th, 2019

Elire at COLLABORATE 19

ONE event. NUMEROUS takeaways to help drive results for your business all year long! COLLABORATE 19 is the premier, user-led, technology and applications forum for the Oracle community. Produced by three independent user groups, IOUG, OAUG and Quest, COLLABORATE 19 is your event – created by users for users.

• 1,000+ sessions and panels packed with customers sharing their stories, case studies and practical “how-to” content

• Community-sourced education led by experts – for everyone, at every stage of their technology journey

• Breaking product news, roadmaps and insider information from Oracle executive management and developers

• Education and training for functional, technical and hybrid users

• Access to hundreds of other customers across industries to build your personal and professional network, including special interest group (SIG) meetings, geographic networking events and receptions

• An Exhibitor Showcase packed with products and solutions providers who can help you solve your specific challenges

• Unique events such as the Women in Technology Forum—connect with key women who are examples of success in a fast-changing environment

Team Elire will be exhibiting at Booth #442 as well as presenting SEVEN Sessions on our Industry Best Practices and recent client successes! Add our sessions to your schedule below:

106840 – Rewarding a Talented Global Workforce: Talent Profile and Workforce Compensation; a Yum! Case Study
10:30 AM – 11:30 AM | April 8, 2019 | CC 3RD FL 303A

106660 – Springfield Clinic Case Study: Lean Something New with Oracle Learning Management Cloud
10:30 AM – 11:30 AM | April 9, 2019 | CC 3RD FL 303A

105320 – PTF – Automation in Testing; Configuration; Conversion; and Production
2:00 PM – 3:00 PM | April 9, 2019 | GH 3RD FL BONHAM D

106640 – Rethinking Performance Reviews with a Rapid Implementation of Oracle HCM Performance Management
4:30 PM – 5:30 PM | April 9, 2019 | CC 3RD FL 303B

106570 – Implementation and Beyond: An Evolution of BI Cloud Reporting Strategies
8:00 AM – 9:00 AM | April 10, 2019 | CC 3RD FL 302A

105440 – Money in the Bank – Cloud ERP Implementation Success
4:30 PM – 5:30 PM | April 10, 2019 | CC 3RD FL 302B

103320 – Winning Tactics – PeopleSoft Treasury in a Regulated World
8:00 AM – 9:00 AM | April 11, 2019 | GH 3RD FL PRESIDIO B

Ready to access a wealth of information to help you navigate your technology journey? COLLABORATE 19 takes place April 7-11, 2019 at Henry B. Gonzáles Convention Center in San Antonio, TX.

Register by February 14 to save big!

Select the user group most closely aligned with your interests at www.attendcollaborate.com.

Conference, Industry Knowledge #C19TX, #peoplesoft, #PTF, COLLABORATE19, Learning Management, Oracle Cloud, Oracle Cloud ERP, Oracle Cloud Financials, Oracle Cloud HCM, Oracle Cloud Partner, PeopleSoft Treasury, Treasury

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November 28th, 2018

Redesigned Payroll WorkCenters in PeopleSoft HCM

Utilizing Fluid UI, Payroll WorkCenters for PeopleSoft HCM have been redesigned! Payroll employees can now complete all daily payroll processing tasks from one central area with WorkCenters created by system administrators utilizing the PeopleSoft Enterprise Components Fluid WorkCenter framework. Learn more with this recent video from PeopleSoft: 

 

 

Uncategorized #peoplesoft, Payroll, Payroll Processes, Payroll Technology, PeopleSoft HCM, PeopleSoft Payroll, WorkCenters

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November 15th, 2018

Industry Update: Elire Recognized as Oracle Cloud Excellence Implementer for Cloud Applications!

 

Oracle’s Cloud Excellence Implementer (CEI) Program is focused on driving customer success with Oracle Software as a Service (SaaS) products by identifying, recognizing, and differentiating highly qualified consulting firms that continue to demonstration successful implementations, expertise, and superior customer satisfaction with Oracle Cloud. Elire Inc. earned this status by delivering multiple Cloud Implementations successfully across various industries and customers, as well as maintaining a fully-certified team of Cloud Implementation Specialists. Elire has long held a Gold or Platinum designation within the Oracle Partner Network, and is widely recognized as an industry leader for Cloud and PeopleSoft Implementations and Upgrades. 

Value For Customers

CEI enables Oracle’s customers to have an objective view of highly qualified consulting firms in the marketplace to drive their success with Cloud Applications. The CEI program allows Oracle to better identify and engage implementation firms that best align to specific needs to maximize the customer’s potential to experience a successful Implementation and realize the full potential of their Oracle Cloud Solution.

For more information on the CEI program, visit here. 

About Elire Inc.

Established in 2005, Elire is a Minneapolis based full-service consulting firm with 13+ years of experience in successfully completing projects for our customers. 

We help our clients achieve success by efficiently implementing, integrating, and upgrading their software investments. In addition, we also provide strategic guidance and support to assist with a wide variety of business process improvements, and specialize in helping our clients unlock the full potential of their software investments. Learn More about Elire’s Cloud Expertise here. 

About Oracle

Emerging technologies are disrupting old paradigms and unleashing new opportunities. Oracle has embedded innovative technologies in every aspect of our cloud, enabling companies to reimagine their businesses, processes, and experiences.

With the introduction of Oracle Autonomous Database, the industry’s only self-driving, self-securing, and self-repairing database, Oracle is again revolutionizing how data is managed. Oracle is the #1 provider of business software, with a broad portfolio of solutions for companies of all sizes. Today, 430,000 customers in 175 countries use Oracle technologies to seize business opportunities and solve real, tangible challenges.

Industry Knowledge #peoplesoft, CEI, Cloud ERP, Cloud Excellence Implementer, Cloud HCM, Cloud Implementation Partner, Cloud Transformation, Implementation Partner, Oracle Cloud, Oracle Cloud Excellence Implementer, Oracle Gold Partner, Oracle Platinum Partner

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July 9th, 2018

Elire at #PSRECONNECT 2018!

 

Next week, Team Elire will be in Rosemount, IL for Quest PeopleSoft RECONNECT! As largest PeopleSoft focused conference around, RECONNECT offers more than 200 deep-dive sessions across all PeopleSoft product areas including PeopleSoft in the Cloud, Selective Adoption, Testing Automation, Fluid UI, and more! With over 600 Cross-Industry Attendees representing Financial Services, Healthcare, Utilities, Public Sector, Education and others, the networking opportunities through Special Interest Groups, Roundtables, Receptions, and Exhibitor Showcases is unmatched!

Elire will be presenting FIVE sessions this year, as well as exhibiting at Booth #403. Stop by during open exhibiting hours and enter to win a Yeti Backflip Cooler!

101360 Tue. Jul. 17 | International Ballroom C
12:45 – 1:45 pm PeopleSoft Treasury SIG Meeting

101710 Wed. Jul. 18 | Heathrow AB
8:00 – 9:00 am PeopleSoft on Oracle Cloud: What Does this mean for your PUM Strategy?

101740 Wed. Jul. 18 | Grand Ballroom F
8:00 – 9:00 am Accounting Standards Made Easy with PeopleSoft Lease Administration

102560  Wed. Jul. 18 | International Ballroom C
11:15 am – 12:15 pm  Double the PeopleSoft 9.2 Upgrade Fun – Henderson, NV’s FSCM & HCM Public Sector Success Story

102260 Thu. Jul. 19 | Grand Ballroom F
1:45 – 2:45 pm Taking Accounts Payable to the Future: 5 Pillars of Automation

Discounted registration is available through July 12th here. 

To schedule a time to connect with the Elire team or speak with our Experts, email [email protected]

Conference #peoplesoft, #PSReconnect, #Quest, conference, Continuous Delivery, ERP, Fluid UI, Lease Administration, Lease Management, PeopleSoft ERP, PeopleSoft HCM, Quest International Users Group, RECONNECT, Tradeshow

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June 27th, 2018

Big News for PeopleSoft Users: Oracle Extends Premier Support for PeopleSoft

 

Oracle Announces Long Term Investment and Support for PeopleSoft “Through at Lease” 2030

Earlier today, Oracle extended Premier Support for PeopleSoft through 2030. Last May, Oracle announced it was extended support to 2027. 

The continuing extension of Premier Support for PeopleSoft applications is seen as a gesture of good faith that Oracle will continue to not only support PeopleSoft, but also continue to add new functionality and enhance existing features for loyal PeopleSoft customers. This extension also comes with a promise to extend the currently stated Premier Support “at least” date annually bu one calendar year, allowing for a “rolling window” of 10+ years of Premier Support for all PeopleSoft applications (CRM, CS, ELM, FMS, ESA, SCM, and HCM) Continuous Innovation Releases. 

The continued support extension as well as new innovation for PeopleSoft will allow customers to have the time they need to plan their journey to the cloud, as well as have a “stable and predictable long-term support policy.”

Check out the original article from Marc Weintraub here. 

Industry Knowledge #oracle, #peoplesoft, Cloud, Oracle Cloud, Oracle Support, Premier Support

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April 27th, 2018

RECAP: COLLABORATE 18 in Las Vegas!

Thank you to all who joined us in Las Vegas for COLLABORATE 18! We always love connecting with our clients, the Quest International Users Group and OAUG Communities, and other PeopleSoft Experts!

Elire was honored to present ten sessions on Oracle Cloud, Lease Administration, Peoplesoft 9.2 Upgrades, AP Automation, PeopleSoft on Oracle Cloud, and Treasury! For a complete list of our sessions, click here. 

Aside from Sessions, the Elire team exhibited at Booth #730 to answer questions and connect users with our Subject Matter Experts. 

If you missed us at the booth or would like to set up a follow up, contact [email protected]

We look forward to seeing everyone at COLLABORATE 19 in San Antonio, TX!

Conference #peoplesoft, Accounts Payable, AP Automation, BI Reporting, C18LV, Cloud, Cloud ERP, Cloud HCM, Cloud Reporting, COLLABORATE, conference, Las Vegas, Lease Administration

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April 6th, 2018

PeopleSoft Image 27 Highlights

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!

Industry Knowledge #peoplesoft, General Leger, Lease Accounting

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March 8th, 2018

Ask the Expert – Developing your Treasury IT Roadmap

New Year, new Ask the Experts!

We connected with Elire Treasury Advisory Services Practice Lead, Cory Bratts, to discuss what obstacles organization’s usually face when tasked with a Transformation to their Treasury Operations or a new Treasury Workstation implementation. Here is what he had to say!

 

Interested in learning about Elire’s Strategic Treasury Roadmap to avoid these common obstacles? Attend our webinar, “Treasury Transformation: Plotting a Course with Elire’s Treasury Strategic Roadmap” on March 27th. 

Register here.

Industry Knowledge, Uncategorized, Webinar #oracle, #peoplesoft, GTreasury, Implementation, Kyriba, TMS, Treasury, Treasury Workstation, Wallstreet

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