Journey from Peoplesoft to ERP Cloud
Peoplesoft has been trusted since 1987 for outstanding HR management. The on-premises technology promises streamlined processes and real-time insights, and while some teams swear by Peoplesoft, others look farther ahead to leveraging the power of the cloud and the associated advanced capabilities. But what if you can have your cake and eat it too? Here, we discuss challenges, benefits, and how to make the most of a hybrid setup.
Embracing a Hybrid ERP
A hybrid system is a combination of hybrid and cloud ERPs. This is especially helpful for organizations that already have a complex and customized on-premises ERP that also want to leverage cloud capabilities. Hybrid systems are on the rise–a recent Google report found that 93% of organizations say they’re “mostly cloud” in some form, but a significant 48% say they’re “mostly hybrid.” Interestingly, this number has jumped 8% since 2020. Even fewer organizations are strictly on-premises at 7%.
Migrating fully to the cloud is a daunting task, especially for organizations that have invested significant time and money in customizing their on-premises system for their unique business needs. If you are attracted to the advantages of Oracle ERP Cloud, but don’t have the resources to support a hard switch, then choosing a hybrid approach may hold many advantages. You don’t have to reinvent the infrastructure that your business runs on while leveraging advanced, new cloud technology. But with two data streams hybrid instances can be challenging to manage and maintain without the right tools.
Migrating fully to the cloud is a daunting task, especially for organizations that have invested significant time and money in customizing their on-premises system for their unique business needs. If you are attracted to the advantages of Oracle ERP Cloud, but don’t have the resources to support a hard switch, then choosing a hybrid approach may hold many advantages. You don’t have to reinvent the infrastructure that your business runs on while leveraging advanced, new cloud technology. But with two data streams hybrid instances can be challenging to manage and maintain without the right tools.
Overcoming Cloud Migration Challenges
Maintaining a hybrid ERP approach, especially with a combination of on-premises and cloud-based solutions like PeopleSoft and Oracle ERP Cloud, poses several challenges for finance teams:
- Integration challenges: Finance teams face hurdles integrating varied data formats in PeopleSoft and Oracle ERP Cloud, requiring careful planning and real-time synchronization for accurate financial analysis.
- Security and compliance demands: Maintaining robust data security, encryption, and adherence to complex regulations like GDPR poses challenges in hybrid ERP environments, necessitating meticulous compliance practices.
- Data quality and governance complexity: Ensuring consistent data accuracy amidst discrepancies, establishing clear governance policies, and managing financial data lifecycle across diverse systems demand constant vigilance and strategic management.
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Download NowThe good news is that the right automated reporting tool can overcome these challenges and mitigate the productivity lag and compliance risk commonly associated with cloud migration. By unifying data access and enabling real-time synchronization, an automated reporting tool eliminates data silos and ensures consistency for accurate financial analysis. Look for a vendor that addresses security concerns through encrypted data transmission and adherence to compliance regulations like GDPR and Sarbanes-Oxley Act. Streamlines data governance, enhancing data accuracy and allowing efficient management of data lifecycle tasks.
Pitfalls of Native Reporting Tools
Finding the right reporting tool to support your hybrid instance is key. The convenience of PeopleSoft’s native reporting tool nVision, can be alluring, but make sure you understand its limitations before trusting it with the success of your migration project.
With nVision, you can bring all your live data from PeopleSoft into an Excel spreadsheet. But this is when things can get sticky. To create the custom reports that your leadership is demanding, nVision can require technical knowledge that only IT departments possess. nVision skills are in short supply, so companies often become dependent on a handful of IT and/or external consultants to make small changes.
Beyond the need for technical know-how, there are other downsides when using PeopleSoft’s native reporting tool for finance:
- Lack of intuitive, self-service functionality
- Difficulty drilling into details
- Requires technical knowledge to build and modify reports
- Primarily designed for GL reporting, and not so much for PS Query
- Requires its own Windows server to run, which adds additional cost and maintenance
If you are seeking a seamless switch to a hybrid ERP instance, then these limitations can pose a significant roadblock. Managing two data sources is hard enough without endless delays waiting for IT to generate the custom reports your business needs to navigate a turbulent market. Consider a third-party automated reporting tool that connects seamlessly to both ERP instances, offering complete oversight and a single source of truth for your finance team to efficiently report against.
Ensure a Seamless Transition to Your Hybrid Approach
Angles Professional can help you through your cloud migration and beyond. The solution fits seamlessly with hybrid ERPs by providing multi-source connectivity and a library of pre-built reports to get up and running quickly, all without having to wait for IT. With Angles Professional, you can:
- Drill down to find the root cause of data discrepancies across systems.
- Communicate your progress via engaging visualizations in a way your leaders can easily digest.
- Leverage technology that seamlessly integrates with Peoplesoft and Oracle ERP Cloud right out of the box.
- Drill down in any report from summary to transaction level to find and fix issues quickly.
insightsoftware works hand-in-hand with Peoplesoft and Oracle ERP Cloud to bolster your financial and accounting posture. By taking Angles Professional with you on your hybrid ERP journey, not only are you adding the advantages of a single source of truth for your multi-source data, but you’re also automating vital reporting and analytics.
Ready to learn more? Read our report on The State of Operational Reporting today.
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