First lets understand what to expect from this software in a general overview.
Here are some of the key applications within each Oracle PeopleSoft HCM module:
The module provides a company directory, self-service functionality for all users, real-time analytical tools, and multi-national support for companies with locations in multiple countries. Other applications include: Global Core HCM module provides a company directory, self-service functionality for all users, real-time analytical tools, and multi-national support for companies with locations in multiple countries. Other applications include:
A payroll solution for both North American and global countries
Payroll interface for integrating with third-party payroll systems
Workforce management module helps companies maintain their workforce to manage their labor costs. Some of these applications include:
Time and labor (that includes the mobile capability for clocking in/clocking out)
Absence management (one keynote is that PeopleSoft integrates with Outlook so employees can manage their sick leave via their Outlook calendar/email)
Travel and expense management
The talent management module provides applications that range from recruiting to succession planning. Some of those applications include:
Enterprise learning management
Pros & Cons:
- It is customizable. You can implement any business logic you need. This is one of the very key assets of PeopleSoft Financials.
- PeopleSoft Financials accounting methods are in line with industry standards. You can use the process as is and the ledger will be taken care of.
- It supports multiple ways to integrate with other systems.
- It is great for companies that require complex payroll accounting
- The user interface could be made more intuitive.
- Nvision reporting needs to be improved.
- Project costing and customer contract processes need to be streamlined.
Why choose Oracle People soft?
Oracle PeopleSoft HCM provides comprehensive core and strategic HR features. It’ is designed to accommodate large businesses with complex business requirements and is deployed either on-premise or in the cloud whatever option company chooses. Oracle Peoplesoft also offers a wide variety of support services. Firstly, there is the Peoplesoft Premier Support. The Oracle Premier Support service includes 24/7 tech support, problem prevention, and access to software upgrades. There is also the Lifetime Support Policy that allows software users to upgrade whenever they are ready to use. Second, their Advanced Customer Service Support – which is ideal for mission-critical environments, such as IT departments of large companies.
Oracle PeopleSoft allows users to choose the updates that they would prefer and download and run them at their leisure, creating their own maintenance schedule. While this is convenient for the user, it does require more supervision and intervention than Workday's updates, which are automatic in nature.