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The Challenge
Business
Cash Management
Current business practices to reconcile accounts and provide a daily cash position to the executive management team are time-consuming of some of the organization’s brightest minds. Furthermore, the cash forecast is not inclusive of items that are not seen at the bank. This is a little bit like driving forward while looking in the rearview mirror. The cash management portion of the project intends to address:
- Reduce manual efforts
- Strengthen controls for auditing and compliance
- Streamline financial operations for reconciliation
- Reduce labor expense
Technology
Consolidated Support
The technology group desires to show cost savings by reducing the number of applications for which they are paying maintenance, to provide better support through a dedicated PeopleSoft support team rather than the general IT backbone, and to show greater value for the PeopleSoft solution by utilizing delivered workflow and module integrations.
- Reduce the number of systems in the application portfolio
- Provide better service and support to the business
- Expand utilization of PeopleSoft approval workflow
The Solution
It is a long established fact that a reader will be distracted by the readable
Cash Management
PeopleSoft Cash Management is an ideal solution for Treasury management, especially for organizations that are already using PeopleSoft financials. For PeopleSoft financials users, the implementation of the cash management module enables a powerful set of tools that staff are already familiar with in order to robustly manage an organization's money.
Reduced implementation effort
Integrates with general ledger
Strong reporting tools
Configurable workflow
Native support for most bank formats
Integration & Single-Use Account Solution
PeopleSoft has the built-in capability to enable electronic payments including, wire transfer, ACH, and EFT payments. The work for this sort of thing largely comes from integration with your banking partners and the configuration of payables and treasury to enable the features. At Seattle Cancer Care Alliance the business requirement is to support wire and ACH, as well as a custom single-use account solution, which is similar to an ePayables solution, but more flexible and secure.
ACH and Wire payments using standard communication methods
BAI files for reconciliation using standard communication methods
Custom work to implement single-use accounts
Realizing Business and IT Benefits at the right time.
30%
Cost (or TCO)
85%
Performance
90%
Faster Deployment
100%
Compliance
Learn How You Can Gain the Same Benefits as SCCA
Scaling New Heights with Cloud Migration
Want to be one of the thousands benefiting from the Cloud? Here are some business reasons why now is the best time to start a migration of PeopleSoft to Oracle Cloud.
Zero Cost Migration of PeopleSoft to OCI
Migrate PeopleSoft to Oracle Cloud Infrastructure for FREE. Protect, maintain and support your applications with Astute's Autonomous PeopleSoft Managed Service.
CARE Success Story
Improving the lives of women, children, and families Oracle Cloud helps CARE streamline its operations in over 100 countries.
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