The out-of-the-box PeopleSoft reports don’t cover finance teams needs, forcing them to write custom reports. However, creating and updating reports in tools like PS/nVision, BI Publisher for Peoplesoft, and Oracle OBIEE, is a complex task requiring technical knowledge. This places a heavy reliance on over-burdened IT resources to manage both recurring and ad-hoc reports. The result is delays, frustration, and an inability for finance teams to run ongoing interim reports to check status and outliers.
The lack of real-time data and the limited drill- downs offered by nPlosion in PS/nVision complicate and extend your period close. Finance teams waste days going over mismatched journal entries, and balancing debits and credits, to reconcile the General Ledger (GL). Complex data structures force finance teams to rely on IT to create and maintain SQL queries for subledger reconciliations. Organizations with multiple business units struggle to visualize and analyze consolidated data and lack flexibility to cope with last minute changes.
A lack of PS/nVision skills within most IT departments, means if one of these people leaves, the organization is vulnerable when making changes to their PeopleSoft deployment. That’s because any modifications to table structures, tree nodes, or other changes that alter a query, can break the PS/nVision reports. To fix this requires a skilled IT resource to rewrite the query, update the template, and then re-run the reports for the finance team.
Adapt your existing PS/nVision Excel reports and use flexible drill down to find the information you need to make good business decisions. Or, apply dynamic filters to pull a set of accounts with exclusions. No need to hard code these values into a query like you would with PS/nVision. No need to wait for IT to create a SQL query. And, with a fast install and full integration with PeopleSoft security, you’ll be up and running in no time.
Work with real-time data, with a direct connection to PeopleSoft, so you can be confident your decisions are based on consistent, reliable, and accurate information. Refresh reports at any time of the month, with one click, to view the latest data. See changes, including adjustment entries, reflected immediately in your reports. Drill in any report from summary line items to underlying balances, journal entries, and subledger transactions to find and fix reconciliation and consolidation issues fast. No more manual reconciliations, painful consolidations, or waiting on IT for critical information.
Empower business users to create reports without requiring technical knowledge, thanks to deep PeopleSoft integration and innate financial intelligence that understands your hierarchies and roll-ups – using Tree Nodes and Table Sets/Set IDs. Remove the reliance on specialist PS/nVision skills and the need to continually update reports. Now, anyone with Excel skills can build refreshable reports using easy-to-configure, pre-built templates, or create their own custom report in minutes.
Reporting and Business Intelligence (BI) solutions begin and end with data — not just how the data are collected, but also how they are stored, organized, and accessed. With a saturated market full of solutions to choose from, you need to have a clear understanding of your data needs before you start comparing your options.
In this white paper,
To assist with your software selection process and help you find a solution that fits your current ERP system and IT infrastructure, we have also created a framework for evaluating third party solutions.
You need to have a clear understanding of your data needs before you start comparing your options.
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