PUM Image 52 for FSCM

PUM Image 52 for FSCM

PeopleSoft FSCM Update Image 52, released on November 19, introduces enhanced notification tracking, new dashboards for expense and award management, and key functionality improvements across modules. Here’s an overview of the major updates included in this release.

Key Insights

• Notification Integration: The new notification feature for change tracking allows timely updates, ensuring stakeholders are informed of critical changes in real time. This enhances communication and accountability within the organization.
• Expense Visualization: The Expense Administrator Insights Dashboard provides valuable insights into pending approvals and overdue cash advances, enabling better expense management and quicker decision-making.
• Comprehensive Grants Management: The new Grants Dashboard aids in monitoring both financial and non-financial award metrics, promoting strategic oversight and resource allocation for ongoing projects.
• Improved Collection Management: The enhancements in the Fluid Receivables Work Center simplify the collection process and performance analysis, supporting more efficient cash flow management.
• Email Tracking Efficiency: The statement email log page and exceptions tracking allow users to quickly identify and resolve email errors, improving overall user experience and operational efficiency.
• Streamlined Assignments: The mass assignment feature in Payables reduces administrative workload by allowing bulk changes, enhancing productivity and allowing focus on strategic tasks.
• Supplier Classification Tracking: Enhanced tracking of supplier classifications and certifications ensures compliance and improves supplier relationship management, fostering better partnerships and reducing risk

Features by Functional Area

• New Expense Administrator Insights Dashboard visualizes pending expenses and cash advances.
  • The expense administrator insights dashboard illustrates travel and expense issues.
  • On Hold/Pending Approvals Visual – To view expense reports that have been submitted but not reviewed.
  • Overdue Cash Advances Visual – Cash advances that have been paid but not yet applied to an expense report. The accounting date determines which day range to use.
  • Open Transactions for Inactive Employees – Provides an active employee visualisation to view expense reports, cash advances, and travel authorisations for inactive employees. Displays up to 5 employees at a time.
  • Non-Reimbursable Expenses by Employee – Shows expenses submitted by employees but aren’t reimbursable according to your organization’s policies.
    
    

    Expense Admin 1
  • A new insights dashboard is also available in the fluid expenses work center.
    
    

    Expense Admin 2
• Grants Dashboard provides financial insights and milestones for active awards.
  • Added a new awards portal insights dashboard to analyse financial and non- financial information for active awards.
    
    

    Grant Award 1

    

    Grant Award 2
  • Awards and sponsor information section: Displays a list of awards by sponsor with details for start and end date funding and a link to access the award profile.
    
    

    Grant Award 3
  • Financial section: Compares cost, budget, and billing information including detail by source type and supplier and a summary by award period and month.
    
    

    Grant Award 4
  • Milestone section: Displays open awards milestones categorized by due date, type, and completed milestones with a drill down for more information.
    
    

    Grant Award 5
  • Funding Modifications section: Summarizes recent award modifications by month plus detail, including award period, start and end dates, and reference number in a grid.
    
    

    Grant Award 6
  • Future Award Starts section: Compares the number of awards due to start and their funding by period.
    
    

    Grant Award 7
  • Open Proposals section: Displays the number of proposals in progress and their potential funding by period. Proposal details include description start and end dates, sponsor, and a drill down to the proposal.
    
    

    Grant Award 8
• Embedded Insights in AR Work Center
  • Added the insights grouplet which includes the collection analysis, the collector performance, collector dashboard and collection managers dashboard.
    
    

    AR Work Center 1
• Financial Management Solution Features
  • General Ledger: Update suspense reconciliation status
    • Use it to update the suspense reconciliation status for journal headers that are corrected outside the suspense correction page.
      
      

      General Ledger 1
  • Payables Mass Assign Match Exceptions
    • Added the mass assignment option to assign a single resource group or user to one or more vouchers or to transfer assignments from one user to another .
    • Virtual Credit Cards for Supplier Payments
    • Voucher denial comments in email notifications
      
      

      Payables 1
  • Receivables
    • Email statement log
    • Added a statement email log page for users to review email log information for each email processed. Also an exception page for statements that have email errors is now available in a fluid receivables work center.
    • Reprocess payments for Payment Predictor
    • Billing interface log includes all errors
      
      

      Email statement log 1
    • Receivables to payables refund status
    • Added a one-stop location to show the status of refunds that were sent from receivables to payables.
    • You can act on the refunds that have been voided or closed in payables.
      
      

      Refund Status 1
  • Supplier Relationship Management
    • • Supplier Life Cycle Management: Supplier Classification Tracking Enhancement
      • Enhanced supplier relationship management to track supplier classifications.
      • This allows you to define effective data classifications and certifying agencies to your suppliers and generate notifications when certifications expire for a supplier.
        
        

        Supplier Life Cycle Management 1
      • Use the define classifications page to set up classifications and subclassifications.
      • Use the defined certifying agency’s page to associate classifications and subclassifications with a certifying agency and the assigned classifications, subclassifications and certification information as well as supporting attachments to the supplier.
        
        

        Supplier Life Cycle Management 2
      • Strategic Sourcing: Award Event Quantity to Multiple Bidders
        1. Enhances the RFx buy event by allowing you to distribute up to 100% of the award event or the entire event quantity of multiple bidders or suppliers.
        2. This feature requires that the award full event quantity to ‘multiple bidders suppliers option is enabled on the Strategic Sourcing Business unit definition and event settings and option pages.
        3. The award status remains pending until all bidders or suppliers receive their awards and it changes to awarded once all bidders and suppliers have received their awards.
        4. This functionality only applies to the RFx buy event line and is not applicable for group lines.
           
           

           Strategic Sourcing 1
      • eProcurement
        1. Receive for other Requesters
        2. Small form factor optimization when creating requisitions
      • Purchasing
        1. Support bill-only integration for external consumption
      • Supplier Contract Management
        1. Embed related documents for digital signature – DocuSign
      • Enterprise Service Automation
        1. Expenses: Automobile Mileage Favorites
           1. Employees can now use the expense entry page to view and add favorite locations for the automobile expense type.
           2. These locations can be used multiple times when creating expense reports.
           3. Administrator view of all expense reports and travel authorizations in Fluid
           4. Travel authorization enhancements in Fluid
    

    Expense Automobile 1

    

    Expense Automobile 2

    

    Expense Automobile 3
  • Grants: Contact and Award Update Wizard
    • Lets you update information on multiple contracts or grant awards in a single action.
      
      

      Grant Contact 1

      

      Grant Contact 2

      

      Grant Contact 3

      

      Grant Contact 4
    • Update summary page provides a view of a log of the changes made (new and old values, the person who made the update, and when the update was made).
      
      

      Grant Contact 5
  • Asset Lifecycle Management: Upload Attachments to Multiple Assets
    • Use the asset attachment page to search for and upload one more attachment to selected assets.
      
      

      Asset Lifecycle Management 1

      

      Asset Lifecycle Management 2
  • Maintenance Management
    • Service request inbox enhancements in Fluid
    • Work order schedule inventory layout enhancements