PeopleSoft GL, AP, AR, Billing and Expense: A Global Software Company.
Financial Module Implementation
ISC provides full and superior value-added services, through the integrated application of consulting & information technology services, and related products. ISC has experienced 100 percent growth every year. That growth accelerated further due to several strategic acquisitions.
Project Objective
The existing financials system was unable to support ISC’s rapidly growing services business. The package did not directly support processing high volumes of timesheets and expenses. Reporting and executive information was also inadequate for a services business. At any given time, obtaining project/employee profitability was time consuming and error prone.
Solution
After reviewing the situation and evaluating several leading vendors of enterprise applications, Wability decided to implement PeopleSoft Financials & Distribution and HRMS package. The Wability team undertook the implementation of Administer Workforce, Benefits Administration, Payroll Interface, GL, AP, AR, Billing, Purchase, While modules such as GL, AP, AR & Purchase are implemented with minor customization, Projects/Contracts module has been customized extensively. In addition a completely new Timesheet Entry modules has been developed in Phase II. Through an efficient use of PeopleSoft’s Set ID/Business Units/Departments and security features, Wability has been able to create seemingly independent applications for multiple legal entities in a common HRMS and Financials database.
Technology Used
- PeopleSoft HRMS 7.5x & FDM 7.5x and PeopleSoft 8.x .
- Base BR, Benefit Administration, Payroll, Competency Management, Resource Management, Recruit, GL, AP, AR, Billing, Expense, Assets, Purchase, Inventory and Projects.
Benefits to the Client
- PeopleSoft’s proven and scalable solutions help integrate new acquisitions into ISC’s operations in a relatively short time.
- An integrated Project & Billing system help ISC reduce redundant timesheet entries and errors in billing.
- A cross verification between the HR Payroll database, Timesheet and billings ensures ISC bills its clients accurately for every hour approved by clients.
- The Resource Management module in 8.x helps ISC efficiently manage and deploy its most valuable resources – its employees.
- Real-time Project based cost and profitability reports enable project managers and senior managers to make informed decisions.
- Consolidation features let Management view the vital financials and HRMS in information individual department/business unit wise as well as enterprise wide.