PeopleSoft Asset Management - Oracle

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ORACLE DAT A SHEETPeopleSoft AssetManagementOracle’s PeopleSoft Asset Management is a critical component of the Plan-toRetire business process, providing enterprise-wide integration across thePeopleSoft application suite to improve asset visibility, facilitate globalcompliance and reporting, and lower your cost of ownership.KEY FEATURES Centralized data repository for ownedand leased assets Capital Acquisition Planning Insurance, Licensing and RegulationManagement Asset Inventory and ReconciliationKEY BENEFITS Improve Asset Visibility Accommodate Complex AssetDepreciation Calculations Comply and Report Globally Reduce Cost of OwnershipPeopleSoft Asset Management enables you to more effectively track physicaland financial assets while meeting reporting requirements. Integrating withother PeopleSoft applications automates the asset lifecycle to reduceprocessing errors and increase processing efficiencies. You can trackphysical attributes, calculate depreciation, record tax and insurancerequirements, and budget for future acquisitions of organizational assets.Accurate and efficient processing of capital assets is important to properlyrecognize assets on the balance sheet and to determine the most favorabledepreciation schedule for both corporate and statutory reporting. PeopleSoftAsset Management provides a comprehensive framework to track and recordan organization’s capital or fixed assets. All events affecting the financialrecognition of assets are tracked for the entire life of the asset to maintainaccurate financial records that are automatically posted to the ledger.PeopleSoft Asset Management simplifies asset management and theassociated accounting complexities. It helps to lower the cost of assetownership and secures your assets with a single global view. UsingPeopleSoft Asset Management allows you to leverage the value of your fixedasset inventory and minimize the cost of tracking physical assets. By using aflexible system that extends beyond adding, transferring, depreciating, andretiring, PeopleSoft Asset Management offers a fresh approach by deliveringmaximum financial control and system flexibility.PeopleSoft Asset Management forms the central asset repository for the fullyintegrated Asset Lifecycle Management solution and integrates withPeopleSoft Financial Management and Supply Chain Management solutions.This creates a single source of truth for all your assets, from IT equipment andsoftware licenses to heavy equipment and machinery, vehicles, and facilitiesand property data. This information “lives” throughout the life of your assets,enabling control and consistency across your business. It also leverages yourother PeopleSoft applications - delivering accurate and real-time data so youcan maximize the return on all your assets.Solution Highlights ENTERPRISE-WIDE INTEGRATION WITH A CENTRALIZED DATAREPOSITORY – Centralize asset information from across theenterprise in PeopleSoft Asset Management, which acts as an assetrepository to support the Plan-to-Retire asset lifecycle business

ORACLE DAT A SHEETprocess. This centralized repository provides support for bothfinancial and operational aspects of assets.RELAT ED PRODUCTSThe following Products support OraclePeopleSoft Asset Management PeopleSoft General Ledger PeopleSoft Purchasing PeopleSoft Accounts Payable PeopleSoft Project Costing PeopleSoft Lease Administration PeopleSoft Maintenance Management COMPREHENSIVE FINANCIAL AND TAX SOLUTIONS - Ensurecompliance with changing tax and accounting requirements. FLEXIBLE DEPRECIATION - Set up and maintain an unlimitednumber of depreciation methods for each asset. Use the mostadvantageous depreciation method for your organization. SOPHISTICATED MULTI-CURRENCY PROCESSING - Valueassets by using an unlimited number of currencies. Post realized andunrealized currency gains or losses to the general ledger. UNSURPASSED ASSET CONTROL - Store extensive physical assetinformation to maintain tight control over your assets throughout theirlife cycle. An embedded audit trail ensures financial control throughthe lifecycle of assets. POWERFUL ASSET HANDLING – Account for additions,adjustments, and transfers. Simplify asset entry and adjustmenttasks with automated functionality and intuitive data entry pages. CAPITAL ACQUISITION PLANNING - Plan, budget, and track capitalacquisitions. Establish capital appropriation plans, including a masterplan, and manage them to asset acquisitions. INSURANCE, LICENSING AND REGULATION MANAGEMENT Retain, analyze, and manage comprehensive coverage and locationinformation of your assets as well as costs and insurance claims. EXTENSIVE ASSET INVENTORY TOOLS - Reconcile inventorydata collected from inventory collection instruments, including handheld devices and discovery tools.Improve Asset VisibilityPeopleSoft Asset Management accommodates all asset classes: IT, property,plant and equipment. It provides a single, centralized database that stores andtracks the physical and financial attributes of an organization’s assets. Thiscentralized repository offers a single source of truth for organizational assetdata, eliminating redundancy and inaccuracies in asset reporting. Assets canbe associated to represent a hierarchical schema, such as components ofplant equipment or a structural breakdown of properties. The hierarchicaldisplay of assets can be viewed graphically by associating the highest-levelasset to its subordinate child and component assets. The repository houses acomplete history of acquisition details, maintenance history, and cost historyfor each asset over its operational life.With PeopleSoft Asset Management, you can:2 PEOPLESOFT ASSET MANAGEMENT Define custom attributes across your assets or attribute groups forspecific assets in your asset portfolio, and then view these definitionsin the basic information components. You can also create longdescriptions and indicate linear assets from this component as well. Ease asset searches by assigning assets to areas within a location,as locations can support multiple areas.

ORACLE DAT A SHEET Associate asset-related content with asset records via the assetrepositories file attachment capabilities. Facilitate integration with PeopleSoft Maintenance Management byassigning a maintenance crew to an asset, determine the asset’scriticality, set up required meter types for work orders, and generateautomatic maintenance events based on out-of-tolerance meterreadings. PeopleSoft Asset Management provides enhancedintegration points on the maintenance history and on the service andrepair statistics page. Leverage shared product functionality with PeopleSoft LeaseAdministration for core accounting for payables leases (lesseeagreements)Accommodate Complex Asset Depreciation CalculationsPeopleSoft Asset Management provides flexible functionality to calculatedepreciation. With it, you can : Establish depreciation conventions to be used when you makeadjustments to the assets. Select at the profile level if you want to depreciate the asset when itis in service. Display the depreciation status for each asset on the asset reviewdepreciation pages. Calculate what-if depreciation for assets received from otherBusiness Units.Comply and Report GloballyWith increased emphasis on accountability and compliance and theglobalization of capital markets, organizations are under increased pressure tobe able to record and report information under multiple GAAPs (GenerallyAcceptable Accounting Principles). This requires financial systems to beflexible enough to measure and record information under often conflictingaccounting treatments.PeopleSoft Asset Management provides features to address the challenges ofaccurately meeting global requirements, such as impairments, revaluation,investment property, and asset retirement obligations.3 PEOPLESOFT ASSET MANAGEMENT

ORACLE DAT A SHEETFigure 1. The Impairment Worksheet helps you to manage impairments efficientlyFigure 2. Recognize and measure asset retirement obligationsPeopleSoft Asset Management not only delivers functionality to account forowned assets, but it also provides the ability to measure and recognize leaseliabilities and the associated right-of-use assets for payables leases (lesseeagreements). The accounting of leases pursuant ASC 842 and IFRS 16 isenabled through shared product functionality with PeopleSoft LeaseAdministration. Shared product functionality for customers licensed only forPeopleSoft Asset Management addresses the core accounting requirementsfor lessees. Shared product functionality does not require a full license toLease Administration. The features and functions included in PeopleSoftAsset Management’s shared product functionality with PeopleSoft LeaseAdministration are limited to 4 PEOPLESOFT ASSET MANAGEMENTSingle-asset leases (finance and operating)

ORACLE DAT A SHEET Multiple Financial Terms Integration with PeopleSoft Accounts Payable Straightline Accounting Amendment Processing Manual FeesFeatures not included in PeopleSoft Asset Management’s shared productfunctionality with PeopleSoft Lease Administration include Multi-asset leases (finance or operating) Clauses Options and Critical Dates Operating Expenses (CAM) Percent Rent Security Deposits Lessor (operating leases only) Site Selection and Acquisition My Lease Portfolio Lease Administration Reports (i.e. Lease Abstract, PropertyOccupants, Rent Variance, etc.)Reduce Cost of OwnershipManual and disconnected asset management methods are extremely laborintensive and add significantly to the total cost of asset ownership. Accuracyand compliance become hit and miss propositions in these environments.PeopleSoft Asset Management not only lowers the cost of doing business, butit also improves the accuracy of fixed asset transactions and accounting. Withunprecedented integration that creates automated business flows, PeopleSoftAsset Management streamlines your operations and simplifies themanagement of your largest capital investments. You can also leverageintegration with external feeder systems to complete massive processing ofasset transfers, disposals, reclassifications, financial adjustments and taxlegacy data conversions.To ease the addition or update of physical asset information in the assetrepository, PeopleSoft Asset Management also provides a new page whereoperators and maintenance staff can interact with only non-financialinformation.Oracle’s PeopleSoft Financial Management SolutionsOracle’s PeopleSoft Asset Management is part of an integrated family offinancial accounting and analytic applications. These solutions provideflexible, best practice business processes and greater insight into performanceto help organizations worldwide transform finance into a strategic advantage.5 PEOPLESOFT ASSET MANAGEMENT

ORACLE DAT A SHEETCONTACT USFor more information about PeopleSoft Asset Management, visit oracle.com or call 1.800.ORACLE1 tospeak to an Oracle representative.CONNECT W ITH r.com/oracleoracle.comCopyright 2018, Oracle and/or its affiliates. All rights reserved. This document is provided for information purposes only, and thecontents hereof are subject to change without notice. This document is not warranted to be error-free, nor subject to any otherwarranties or conditions, whether expressed orally or implied in law, including implied warranties and conditions of merchantability orfitness for a particular purpose. We specifically disclaim any liability with respect to this document, and no contractual obligations areformed either directly or indirectly by this document. This document may not be reproduced or transmitted in any form or by any means,electronic or mechanical, for any purpose, without our prior written permission.Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.Intel and Intel Xeon are trademarks or registered trademarks of Intel Corporation. All SPARC trademarks are used under license andare trademarks or registered trademarks of SPARC International, Inc. AMD, Opteron, the AMD logo, and the AMD Opteron logo aretrademarks or registered trademarks of Advanced Micro Devices. UNIX is a registered trademark of The Open Group. 04186 PEOPLESOFT ASSET MANAGEMENT

PeopleSoft Asset Management simplifies asset management and the associated accounting complexities. It helps to lower the cost of asset ownership and secures your assets with a single global view. Using PeopleSoft Asset Management allows you to leverage the value of your fixed asset inv

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