<Insert Picture Here> PeopleSoft Financial Management Applications Road Map: Today, Tomorrow, and Beyond Tom Vassallo Tom.Vassallo@oracle.com
Please note The following is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, and timing of any features or functionality described for Oracle s products remains at the sole discretion of Oracle.
Program Agenda Challenges for the CFO and Finance team <Insert Picture Here> PeopleSoft Financial Management Focus Areas Product Direction (Tools 8.50 & Rel 9.1) and Roadmap (Financials, ESA, SRM, EPM) Q&A
Opportunities and Challenges GLOBALIZATION Today s workforce, customers, suppliers, and competitors have all become global COMPLEXITY AND COSTS Finance is always expected to control costs, and unnecessary complexity drives up costs PROFITABLE GROWTH Not just any growth, but growth that creates value REGULATIONS AND OVERSIGHT Companies are under pressure to do more than just meet the letter of the law
How Can Technology Help? Complexity and Costs How can I spend less money and time on transaction processing while supporting business growth? Regulations and Oversight How do I get a return on the expense of managing increasing regulatory and oversight demands and risk? Profitable Growth How do I partner with the business to make the right investments in products, people, projects, and processes to drive growth? Streamline Financial Processes Adopt best practices by standardizing processes and implementing shared services Consolidate finance systems Build a stable, yet flexible foundation for growth and change Manage Governance, Risk, & Compliance throughout the Organization Manage compliance with one platform Protect your enterprise from risk Drive business performance efficiently and effectively Integrate Performance Management Across the Business View financial and operational performance holistically Achieve dynamic planning and budgeting Analyze profitability in real-time
PeopleSoft Financial Management: Operational Excellence <Insert Picture Here>
Interoperability Between Applications Leveraging Web Services and BPEL Process Manager In release 9, there are over 200 new or enhanced web services
Interoperability Between Applications Leveraging Web Services and BPEL Process Manager Example: Expenses Online Travel Booking Directly connect to travel partners sites, leverage single-sign on capabilities Share employee data with travel partners Synchronize employee data from Expenses or HCM Populate or associate travel reservations with travel authorizations and with expense reports Example: General Ledger Validate Third Party Transactions Real-time checking of financial data combinations Utilize combination editing capabilities Return of valid or error status Example: Payables Procure-to-Pay Process Process digitally signed invoices Provide an option for vendor to digitally sign an invoice. Upon receipt of the invoice, the customer can validate the signature In release 9, there are over 200 new or enhanced web services
Using the Best Tool for the Job Choice of Financial Reporting and Publishing Tools Your Choice of Reporting Solutions: Crystal nvision XML Publisher PS Query
Other Productivity Enhancements Improving the User Experience 1 2 3 4 Automated credit card transaction processing Excel upload for payments and remittance info Improved visibility into bank reconciliation exceptions and potential matches Automatic capture of CUSIP-level security and market rate information for financial instruments Manual IBAN entry to complement autogeneration in support of global IBAN adoption Increased consistency between journal entry and spreadsheet journal import (e.g. added support for auto-numbering, SpeedTypes) Improved electronic payment processing, including ACH Pre-Notes and mass payment cancel Workbench for running all 1099 processes Enhanced Asset Repository UI for O&M* users to manage equipment and components Expanded asset depreciation functionality * Operations and Maintenance
PeopleSoft Financial Management: Governance, Risk and Compliance <Insert Picture Here>
Automated Financial Sanction Compliance Reducing the Burden of Manual Tracking
Business Process Execution Example: Trading Partner Compliance Insure Supplier Creation Invoice Creation Matching Invoice Approval Payment Compliance
EWN Framework Overview What is the EWN Framework? Simply stated, the Errors, Warnings and Notifications Framework is a way to facilitate communication between different areas of your business A CSR needs to know when the Warehouse has made a change to an order that might affect the customer A Manufacturing Supervisor needs to know when a Sales Order has changed that might affect production
EWN Framework Application Programs / Processes Message Registry System Level Override BU Level Override Message Dashboard Email Worklist XML Business Users, IT, Management, Etc.
PeopleSoft Financial Management: Performance Management Solutions <Insert Picture Here>
Global Consolidations 9.0 Expanded Compliance and Audit Features Seamless Integration with General Ledger One-click drill down from Consolidation Audit to General Ledger Inquiry Transform Chart Of Accounts from corporate to local values when publishing consolidation entries back to General Ledger Improved Visibility into the Organizational Structure Ownership Inquiry provides complete listing of a parent s subsidiaries Both direct and indirect ownership is exposed, including a complete lineage of indirectly owned subsidiaries More Reporting and Control Options Integration with Discoverer New sample nvision report Improved online inquiries New diagnostics for Internal Controls Enforcer
The Current Release PeopleSoft 9.0 Current Upgrade Options Release Current Release 8.9 8.8 8.4 Automated, One-Step Upgrades 9.0 < 8.4 Multi-Step Technical Upgrades Upgrade Scripts Available on Customer Connection
The Current Release PeopleSoft FMS/SCM 9.0 MP 5 Upgrade Plus Paths Release Current Release FMS/SCM 8.9 FMS/SCM 8.8 FMS/SCM 8.4 Automated, One-Step Upgrades 9.0 MP 5 < FMS/SCM 8.4 Multi-Step Technical Upgrades Upgrade Scripts Available on Customer Connection
The Current Release Release 9.0 Traction Customer Activity Progress Customer Count Over Time 700 600 500 400 300 200 100 0 Mar-08 Jan-08 Nov-07 Sep-07 Jul-07 May-07 Mar-07 Jan-07 Nov-06 Sep-06 Jul-06 Release 9.0 customer activity as of April 2008 Customer Activity Counts PeopleSoft Total 621 HCM 311 FMS SCM 227 135 CRM 61 EPM 78 Campus Solutions 72 Sample Customers on Release 9.0 - UCSF - Neustar - Drummond Coal - Wellpoint - China National Petroleum Corporation - Savage Services Company - WmMorrisons Supermarkets - City of Minneapolis > 2,500 Downloads of Release 9.0
Program Agenda Challenges for the CFO and Finance team <Insert Picture Here> PeopleSoft Financial Management Focus Areas Product Direction (Tools 8.50 & Rel 9.1) and Roadmap (Financials, ESA, SRM, EPM) Q&A
Oracle s Applications Strategy Applications Unlimited For PeopleSoft Enterprise Oracle s plan to continue providing ongoing enhancements to current PeopleSoft Enterprise applications beyond the delivery of Oracle Fusion Applications Latest Release Next Release Version 9.0 Version 9.1 Unlimited FUSION Unlimited
PeopleSoft 9.1 Release Progression In Progress Develop Roadmap Candidate List Validate Candidate List Refine Candidate List & Estimates Finalize Release Plan Design Coding Requirements From: User Groups Industry Strategy Global Strategy Support Market Factors Validation Groups PeopleSoft Customer Advisory Boards PeopleSoft Strategy Councils Planned Release Timeline Post Updates of Integrations, Dashboards, and Web Services PeopleSoft Release 9.1 and PeopleTools 8.50 Target Rollout Next 12 Months Calendar 2009
PeopleTools 8.50 Continuous Innovation Platform Stability & Greater User Product Growth Productivity Maintainability, Technology Quality, & Performance Optimization Release Themes Empower the SOA Developer Improved capability to Build, Test, and Deploy Standard Web Services Improved PeopleTools App Designer Embrace Evolving Technology Expanded support for XML Publisher and stand-alone BI Publisher server Support for 64-bit Windows and Linux Provide full Web Services interface to PeopleSoft Query architecture Enable the Applications User Adoption of new, updated User Interface Incorporation of AJAX to enhance User Experience Improved performance of application menus, navigation and page elements
PeopleTools 8.50 Continue Backwards Compatibility of PeopleTools PeopleTools 8.46 PeopleTools 8.47 PeopleTools 8.48 PeopleTools 8.49 PeopleTools 8.50 Q1 2005 GA Q4 2005 GA Q3 2006 GA Q2 2007 GA Target GA, 2009 Applications Release 8.4 Applications Release 8.8 Applications Release 8.9 Applications Release 9.0 Applications Release 9.1 Total Ownership Experience Fusion Middleware Certification Service Oriented Architecture Platform Compliance Continuous Innovation Delivering Upgrade Flexibility and Planning Options
PeopleSoft 9.1 Expanded Use of Web Services Project Creation & Scheduling Freight Shopping Schedule Preferences Synch Contacts and Leads to Mobile Devices Maintenance Work Orders on Handheld Devices IT Asset Discovery Timesheet Loading Loading of Physical Assets Extend PeopleSoft by Interoperating with Other Systems
PeopleSoft 9.1 SOA & Oracle Fusion Middleware Enabled Integrations Oracle Retail 3 rd Party Freight Shopping Workforce Scheduling IT Asset Discovery Project Scheduling Financial Services Acct Hub Sourcing Events Demand Management Industry Exchanges Desktop Applications Oracle Supplier Network Mapping Eliminate Costly Interfaces in Cross-Application Business Processes
Current Look and Feel
New Look and Feel with PeopleTools 8.50
Left Navigation Menu is Hidden Unless Moused Over
Tagged Objects Show Actionable Information
No Flashing Processing in Upper Right Corner
Type Ahead Searching
Modal Search Windows
New Grid with Scrolling, Locked Columns, Drag-&-Drop
Expandable Grid in Modal Window
Related Content
PeopleSoft Release 9.1 Release Themes PeopleSoft 9.1 Plans To Enable Flexibility Intelligent Business Execution Organizational Effectiveness Release 9.1 Themes
Financial Control & Reporting in 9.1 Continued Automation of Period-End Close Process The close is one of the most time-consuming and detailoriented processes in the finance function, but the effort is worthwhile due to the important role the process plays in providing a clear view of the company s overall results. -- Overhaul Your Financial Close and Reporting Process, Deloitte Consulting, 2007 2008 Oracle Corporation Proprietary and Confidential 39
Financial Control & Reporting in 9.1 Continued Automation of Period-End Close Process Plan Streamlined Position Planning Enhanced Planning & Budgeting Record Transform Close Measure Automated Accrual Accounting Enhanced Reconciliations Streamlined and Enhanced Allocations Enhanced Expense Analysis and Control Added Incremental Consolidations Enhanced Equity Ownership Processing Enhanced Online Inquiries Added New Operational and Financial Analytics Focus Resources on Business Growth Initiatives Analyze Expanded Financials Warehouse Enhanced Profitability of Business Drivers 2008 Oracle Corporation Proprietary and Confidential 40
Financial Control & Reporting in 9.1 Technology Enabled Compliance and Control Policies Compliance & Control Policies Audit Trails Workflow Attachments Vendor History Individual products can log transaction and event changes Wider adoption of PeopleSoft s robust approval framework Attach supporting documentation to financial transactions Track vendor name changes Improve audit and control Improve process efficiency and compliance Greater availability of online supporting details Visibility to historic data changes More Control and Greater Transparency at a Lower Cost 2008 Oracle Corporation Proprietary and Confidential 41
PeopleSoft FMS 9.1 Enhanced Management of Assets and Liabilities Payment Schedules for ebilling Control payment timing and improve cash flow through customer scheduled payments Online self-service access to invoice image Online self-service tools to maintain address and credit card information Creates an effective electronic channel that lowers costs and deepens the customer relationship Dynamic Discounting Online self-service creation of an offer or a proposal for early discount payment Working capital tool to find the best payments for early settlement to better manage cash flow Utilizes Web 2.0 tools to streamline communication Suppliers/Buyers gain greater control over their invoicing policy and can better manage their receivablebased working capital Credits & Collections Workbench New unified portal for managing credits and collections Leverages UI components (e.g. AJAX, DHTML) Contains a comprehensive and configurable customer hierarchy and summary Provides role based tasks to facilitate the collections process Enhance the collections business flow to improve cash flow and DSO Cash Sweep Provides ability to run an actual vs model cash sweep/concentration Proactively manage zero balance accounts Effectively manage banking relationships to reduce fees Provide for centralized control and visibility of liquidity across all entities Improve investment returns by taking advantage of market opportunities Improve Cash Flow and Increase Return on Investments 2008 Oracle Corporation Proprietary and Confidential 42
PeopleSoft FMS 9.1 Enhanced Management of Assets and Liabilities Credits & Collections Workbench New style sheet and UI components (e.g. AJAX, DHTML) Telephony integration Comprehensive and configurable customer summary Access customer information and collections functionality Break-down outstanding balances View complete customer hierarchy Provides role based tasks to facilitate the collections process Improve Cash Flow and Increase Return on Investments 2008 Oracle Corporation Proprietary and Confidential 43
Demands of a Project-Based Economy Program and Project Portfolio Management Challenges Improve Operational Efficiency and Profitability Am I getting the highest ROI from my limited resources and budgets? Which projects generate the best margin? How do we proactively manage risk to ensure success? Address Increased Regulations, Compliance How do we manage regulated projects? How do we respond to calls for increased accountability? How do we ensure standard measurement and prioritization of projects? Time Scope Optimize Business Resources How do we get accurate, timely information on project costs, budgets, forecasts, and resource utilization to make the best decisions? How do we gain visibility into all project initiatives across the enterprise? How do we retain, develop, and deploy the optimal resources for each project? Resources Optimize IT Processes How do we connect strategic applications with valuable information in tactical tools? How does our organization work with globally dispersed stakeholders? How do we respond quickly to changing business condition, flows, and demands?
Project Execution Delivered Business Intelligence For Project Management Monitor and visualize project profitability by various dimensions Determine Which Projects Succeed, Which Don t, and Why! Access detail and monitor profit margin on each type of project cost
Projects Are Big Business Program & Portfolio Management Increase Share of IT Internal Staff Spending 8.0 7.0 7.0 6.2 5.8 Percent of internal IT staff spending on Program and Portfolio Management increased 38% between 2002-2006 Timely, meaningful information enables business and IT to Track benefits achieved Focus on projects that enable business growth Source: Mieritz, Lars and Donna Fitzgerald Gartner, Inc - CIOs Make PPM a Priority for Growth, 2007
PeopleSoft ESA 9.1 Grants Portal Provide investigators and project managers visibility into budget, actuals, remaining funds Improve Control of Sponsored Projects
Plan-to-Retire in 9.1 Secure Capitalization, Valuation, and Retirement Options Flexible Capitalization Fair Market Valuation Chart of Accounts Validation Additional Retirement Options Flexible Plan-to-Retire Process for All Assets 2008 Oracle Corporation Proprietary and Confidential 48
Asset Lifecycle Management in 9.1 Challenges in Managing the Asset Lifecycle Enterprise Visibility How can I get timely asset information to adapt to competitive pressures? How can I gain visibility into and control of capital projects and supply chain spend? Streamlined Processing How do I maximize asset availability and optimize both asset and labor utilization? How can I raise productivity while reducing resource and administrative costs? How do I improve the accuracy of business process data & optimize profitability? Enterprise Integration How can I contain IT spend on integration points? How do I facilitate efficient, strategic decisions? Regulations & Governance How can I ensure safety, regulatory compliance & documentation? How do I improve the accuracy of my financial statements & enforce policy / procedures?
Asset Lifecycle Management in 9.1 Enhancements for Greater Asset Efficiency Greater Flexibility Support for mobile maintenance technicians Visualization of assets and work More methods for acquiring and reconciling data on globally dispersed IT assets Maintenance Management Expanded preventive maintenance flexibility More maintenance cost & failure analytics Customer-driven work order and service request user productivity enhancements Real Estate Management Site selection and acquisition Configurable lease terms monitoring Greater common area maintenance reconciliation Enhanced percent rent calculations Dynamic ChartField override capabilities Manage All Assets, From Anywhere, At Anytime
PeopleSoft SRM 9.1 Cost Control Can Be Achieved As one-time cost cutting successes wane, Elite Cost Cutters realize sustained and improved total cost reductions Total Cost as a Percentage of Sales 85% All Companies 80% Elite Cost Cutters 75% Years Source: Working Council of CFOs - Transforming the Cost Base
PeopleSoft SCM 9.1 Monitoring the Enterprise.. I d like to be proactive with potential problems instead of in reactive mode all the time! PeopleSoft 9.1 plans to provide the capability to: Leverage delivered and custom alerts Support URL s Easily set-up and customize Flexibly schedule notifications Review summary or detail level Consolidate notifications Group alerts Support role, user ID or email recipients Intelligent Business Execution Enabled by the PeopleSoft Messaging and Alert Framework
Procure-to-Pay in 9.1 Continued Procure-to-Pay Automation Line Level Approvals Global Payments (SEPA) Vendor History Improved Validation of Funds Availability in Real-Time Rules-Based Approval Lists Hand-Held Approvals Greater Use of Electronic Documents Greater Use of Workflow Dynamic Discounting Allocate Spend Streamline and Control Procure-to-Pay Processes
PeopleSoft SRM 9.1 Complete and Sustainable Spend Management Planned for 9.1 Event Notification Integration and Enhanced Supplier Selection Contract Change Tracking and Version Control Contract Authoring Integration with Purchase Order Planned for 9.1 Improved Contract Defaulting Controls Greater Usage of XML Publisher SOA Integrations Requisitioning Source & Contract Review / Approve Create & Route PO Receive & Reconcile Pay Supplier Planned for 9.1 Automated and Configurable Requisition Change Processing Additional Onboarding Controls Planned for 9.1 Standardization of Approval Workflow Supplier Side Contract Integration Complex Work Time Reporting in Services Procurement Planned for 9.1 Improved PO Management Enhancements to Returnto-Vendor Processing
PeopleSoft SRM 9.1 Fragmented Contract Lifecycle Management Sequential work processes lengthen negotiation cycle time Requestor Contract Admin Poor enforcement and control results in contract leakage v.2 v.1 Buyer Manual document handling creates multiple out of synch versions Supplier Inefficient and informal approval processes create legal bottleneck Legal Finance Lack of contract visibility leads to evergreen contracts, overpayments and payment errors
PeopleSoft SRM 9.1 Integrated Contract Lifecycle Management Planned for 9.1 Supplier Side Contract Integration Contract Transaction Contract Document Notifications, Inquiries, & Renewal Planned for 9.1 Maintain Contracts by Category High Performance Search Contract Change Tracking and Version Control Streamline Contract Entry and Maintenance Planned for 9.1 Metadata Attributes Planned for 9.1 Digital Signature Planned for 9.1 Improved Contract Defaulting Controls Contract Authoring Integration with Purchase Order Approve Contract Purchase Orders Purchase Order Releases Enforce Negotiated Terms and Operational Compliance
Order-to-Cash in 9.1 More Flexibility For Dynamic Supply Chains Planned for 9.1 Capacity Plan Report Maintain Sourcing Templates in Planning Instance Frozen Flags Enhancements Demand Planning Performance Enhancements Planned for 9.1 Messaging and Alerts Framework Planned for 9.1 Alternate Sourcing and Pegging Enhancements Freight Rating and Delivery Management Interface Create Stock Request / Express Issue EIP Deferred Depletions Pre-Allocations Undo Fulfillment Requests Process Item Templates Plan Capture Make Deliver Settle Planned for 9.1 Secure Credit Card Transaction Enhancements Credit Checking Enhancements Update All Schedules Enhancements Freight Shopping and Rating RMA Leverages Enterprise Pricer Planned for 9.1 Production Material Readiness Report Auto-Lot Consumption Enhancements Production Variance Drill-Down Planned for 9.1 ebill Payment Usability Enhancements Credit and Rebill Controls Enhanced Payment Worksheet AWE for Write-offs and Maintenance Worksheets Credits and Collections Workbench Enable the Value Driven Supply Chain
PeopleSoft 9.1 Industry Specific Enhancements and Integrations Public Sector Expanded commitment control and multi-fund billing Financial Services Integration to Financial Services Accounting Hub (FSAH) Healthcare Increased integration to Global Healthcare Exchange Professional Services Complete project management, services execution, and analysis Higher Education Address constituent relationship management and grant lifecycles Retail Integrate PeopleSoft to Oracle s retail solution Communications Flexibility in packaging services
Enterprise Performance Management Delivering Additional Value Higher Education Analytics Deliver additional warehouse content enhancements in bundles: Campus Solution Warehouse and Financials Warehouse Deliver documentation enhancements: Master sequencers, data lineage, enhancements to Erwin data models (metadata), PeopleBooks and Red Papers. New data mart / subject area in Campus Solution Warehouse (Census data gathering requirements) Enhancements to ETL Maps Performance improvements New Data Mart in Financials Warehouse Grants Analytics Other Enhancements Planning and Budgeting Allocation Manager / Activity Based Management
PeopleSoft EPM & Analytics Evolution Over Time Present PeopleSoft EPM Workspace Future Oracle EPM Workspace EPM Analytic Applications EPM Foundation EPM Analytic Warehouses Applications Evolution Hyperion Performance Management Oracle BI Applications Business Intelligence Foundation PeopleTools Application Tools Set Non-Oracle Platform OR Oracle Fusion Middleware Oracle Fusion Middleware
Higher Education in 9.1 The Challenge of Maximizing Opportunities Recruiting in a Highly Competitive Market Achieving Fundraising Goals Retaining At Risk Students Tightening Budgets Meeting Constituent Service Expectations
Higher Education in 9.1 Address Constituent Relationship Management Lifecycle Prospective Student Applicant Student Alumni Reach and capture the most desirable prospects Hit enrollment targets Improve satisfaction, identify and retain at-risk students Realize alumni contribution potential Potential Revenue Capture and manage prospects in your CRM system Segment prospects based on data from diverse sources Capture their interest by understanding their interests and goals Full featured Online application that is easy to administer Capture more top applicants through better segmentation and targeting One-stop-shop student service center with 360 Degree View of the student Information you need to assess students at risk Surveys to identify students at risk Manage the alumni relationship by understanding past and current interests & needs Target alumni with relevant outreach & fundraising, ensure frequency controls Time
Financial Services in 9.1 The Challenge of System Proliferation Fragmented Accounting Solutions & Data Sources Leads to Many Challenges Loan Management Bonds Risk Management Interest Rate Swaps Deposit Management Payables Difficult to enforce consistent accounting policies across disparate systems Inefficient use of IT and accounting resources to rebuild rules per application Substantial reconciliation issues between product systems and accounting Lack of flexible mechanisms for tracking analytics with accounting Inability to quickly implement accounting for new products and services
Financial Services in 9.1 Integration With Oracle Financial Services Accounting Hub Source Systems Loan Management Risk Management Interest Rate Swaps Deposit Management Centralized Accounting Rules Predefined, Extensible Validations Detailed, Auditable Journals Financial Services Accounting Hub Configurable Analytical Balances User-Oriented Rules Definition Sophisticated Error Handling Information Delivery Auditing Analytics Regulatory Reporting Reporting Improve Operational Efficiency, Enhance Corporate Performance, and Meet Compliance Requirements
Retail in 9.1 Leading Business Trends Formalize an analytic approach to merchandising Focus on collaboration and strategic partnerships Drive to instill customer loyalty & maximize share of wallet Develop the workforce to reduce turnover and cost Increase financial & business process accountability
Retail in 9.1 Delivering a Best-of-Breed Solution Integrating PeopleSoft to Oracle s Retail Solutions Enables PeopleSoft Customers to: Optimize Planning and Merchandising Decisions Improve Localized Assortments Enable Rapid Expansion - Financial and Real Estate Management - Human Resource Management Expand the Customer Retailer Relationship
PeopleSoft 9.1 Higher Ed / Healthcare Enhancements PeopleSoft 9.0 Maintenance Pack Grants Portal (Principal Investigator) Cost Reconciliation Reports PeopleSoft 9.1 Real Time Budget Checking From HCM (for selected areas such as position openings) Multi-Year Encumbrance for Payroll
PeopleSoft 9.1 Planned Upgrade Options Release Next Release 9.0 8.9 8.8* Automated, One-Step Upgrades 9.1 < 8.8 Multi-Step Technical Upgrades *With Extended Support Upgrade Scripts Available on Customer Connection After GA