PeopleSoft Financials and Supply Chain Management released new features and functionalities in the newest update image earlier this week. Check out the summary we have provided about the new image update, and don’t forget to view the new PeopleSoft FSCM PI21 Highlights video.

Asset Tracking Enhancement

This gives you the ability to define if asset scanning can be performed by asset tag number, serial ID or both. If the option to scan is selected you will be able to toggle between asset tag and serial ID.

To see a demo of this feature, check out the PeopleSoft FSCM PI21 Highlights video by Oracle (:12 to :57).

Interface Component Standardization

The interface components have been standardized to not only provide a consistent user experience, but they have also been consolidated to enable the visibility of and the ability to update and approve both financial and physical interface details from a single component.

To see a demo of this feature, check out the PeopleSoft FSCM PI21 Highlights video by Oracle (:58 to 1:38).

Mass Transaction Manager Extensions

This feature provides the option to preview the asset data to be updated en masse prior to running the Mass Transaction Manager application engine.

To see a demo of this feature, check out the PeopleSoft FSCM PI21 Highlights video by Oracle (1:39 to 2:12).

Asset Retirement Obligations

This feature introduces partial-year measurement and recognition of asset retirement obligations and the associated asset retirement cost, providing more flexible administration of the depreciation of the asset retirement cost.

To see a demo of this feature, check out the PeopleSoft FSCM PI21 Highlights video by Oracle (2:13 to 2:46).

Strategic Sourcing Notice of Award and Notice of Intent to Award

You will now be able to take advantage of a new notification called “notice of intent to award in strategic sourcing.”

To see a demo of this feature, check out the PeopleSoft FSCM PI21 Highlights video by Oracle (2:47 to 5:19)

Amortization of Expenses

This feature provides a way to make annual payments that are to be amortized in regular installments over a period of time. Advance payments are initiated by Accounts Payable users into PeopleSoft by providing essential amortization information. Finance departments can manage the amortization process using a schedule generated by the PeopleSoft system.

To see a demo of this feature, check out the PeopleSoft FSCM PI21 Highlights video by Oracle (5:20 to 6:05).

For more information on this release, please visit the Cumulative Feature Overview (CFO) Tool webpage.