How ERP Solutions Can Help Streamline Business Processes?

With the emergence of multi-billion global corporations, an urgent need was felt for specialized tools to manage extensive data sets for an entire spectrum of business processes. This gave rise to development of several Enterprise Resource Planning (ERP) software, aimed at managing several business functions related to services, human resources, technology and financials. ERP software offers efficient storage and easy access to large volumes of corporate data and helps corporations streamline their processes with a higher level of efficiency.

Peoplesoft Financial Management Systems

How ERP Software Exactly Helps?

One of the distinct advantages offered by ERP software is that it allows businesses to look for Key Performance Indicators (KPIs) in real-time to gain useful insights in terms of enterprise-level performance. There are a variety of ERP solutions available in the market that cater to differing needs of organizations and any organization may have to find a suitable product to meet their needs. Keeping in mind sheer diversity of businesses and their requirements, most ERP software allow for customizations as well. The software also facilitates synchronized reporting and automates several back-office operations, resulting in increased overall efficiency.

Oracle, one of the global technology leaders, offers an array of PeopleSoft ERP solutions that include Human Resource Management Systems (HRMS), Financial Management Solutions (FMS), Customer Relationship Management (CRM) and Supply Chain Management (SCM). These specialized products are endowed with specific business process management capabilities and are employed by businesses across the world.

Since organizations are especially wary about managing their financial data, PeopleSoft has ensured to develop its Financial Management Systems (FMS) with greater attention to quality, options for efficient management and enhanced security. PeopleSoft FMS offers end-to-end enterprise-level solutions aimed at enhancing efficiency in managing, sharing and streamlining critical corporate financial data. This leads to improved visibility, higher operational efficiency and helps enforce controls as well.

PeopleSoft FMS are designed to be of assistance in a number of critical areas including:

  • Asset Lifecycle Management
  • Cash & Treasury Management
  • Financial Analytics
  • Financial Control & Reporting
  • Procure-To-Pay

Since on-premise solutions can potentially create a strain on the IT infrastructure of the organization, PeopleSoft also offers these solutions through a cloud-managed architecture.

Some of the advantages of working with cloud-based PeopleSoft FMS include:

  • Achieving higher efficiency through integrated performance management and streamlining processes through shared services. This also helps reduce back-office costs.
  • Devising and implementing financial policies and standards anywhere in the world through a single integrated system. This leads to increased compliance throughout the organization.
  • Advanced risk management and financial control to facilitate managing and accessing financial data in a highly secure environment.

An increasing number of organizations are realizing the significance of utilizing cloud-based ERP, leading to a surge in the demand for Oracle certified professionals with the know how to successfully deploy and manage PeopleSoft FMS applications. Professionals looking to earn one of these Oracle certifications can enroll for quality online training programs with Multisoft Virtual Academy, a reputed e-learning institution.

Multisoft Virtual Academy offers PeopleSoft 9.1 Financial Management: Payables Certified Implementation Specialist Online Training, PeopleSoft 9.1 Financial Management: Receivables Certified Implementation Specialist Online Training and PeopleSoft General Ledger 9.1 Consultant Certified Expert Certification Preparation Online Training.

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