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Integrating PeopleSoft Asset Management

Learn how PeopleSoft Asset Management seamlessly integrates with other PeopleSoft applications to streamline financial, supply chain, and manufacturing processes. Understand the various interface options and data transfer capabilities.

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Integrating PeopleSoft Asset Management

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  1. Understanding Integrating with Other PeopleSoft ApplicationsConcept

  2. Understanding Integrating with Other PeopleSoft Applications

  3. Understanding Integrating with Other PeopleSoft Applications Step 1 PeopleSoft Asset Management seamlessly integrates with other PeopleSoft financial, supply chain, and manufacturing products, such as Payables, Purchasing, Billing, General Ledger, and many more.

  4. Understanding Integrating with Other PeopleSoft Applications Step 2 Asset Management provides several interface options for sending data to and receiving data from other systems in your enterprise that handle asset-related information.

  5. Understanding Integrating with Other PeopleSoft Applications Step 3 It enables you to integrate information from your purchasing and accounts payables systems. If your PeopleSoft Financial Management Solutions suite includes PeopleSoft Payables and PeopleSoft Purchasing as well as Asset Management, then you will have on-demand access to supplier, voucher, and order data in those systems.

  6. Understanding Integrating with Other PeopleSoft Applications Step 4 PeopleSoft Purchasing sends receipts to Asset Management as either capitalized or noncapitalized assets. If noncapitalized assets are created from PeopleSoft Purchasing, these assets can be capitalized when the voucher information is received from Payables.

  7. Understanding Integrating with Other PeopleSoft Applications Step 5 When you use Asset Management with PeopleSoft Payables, you can add assets in mass by using existing accounts payable vouchers. Before sending voucher information to Asset Management, you need to determine where within the payment process you want to capitalize assets when associated invoices are received and recorded in Payables.

  8. Understanding Integrating with Other PeopleSoft Applications Step 6 PeopleSoft Payables sends all asset additions, adjustments, and retirements for unposted vouchers to Asset Management. Asset Management receives information from Payables in a consistent manner through the use of application engine programs.

  9. Understanding Integrating with Other PeopleSoft Applications Step 7 After PeopleSoft Asset Management and PeopleSoft Billing are integrated, the system creates balancing accounting entries between Asset Management and Billing. You use the Asset Management Billing Transaction Status report to review the interface transactions.

  10. Understanding Integrating with Other PeopleSoft Applications Step 8 PeopleSoft Billing also receives retirement transaction and billing information from PeopleSoft Asset Management. PeopleSoft Asset Management receives this information from PeopleSoft Strategic Sourcing.

  11. Understanding Integrating with Other PeopleSoft Applications Step 9 PeopleSoft Asset Management integrates with PeopleSoft Projects by sharing information about the assets associated with ongoing projects. Assets that originate in PeopleSoft Projects are usually the outcome of construction projects. These assets accumulate cost information associated with salvage value, removal costs, allowances for funds used in construction, and proceeds from sales.

  12. Understanding Integrating with Other PeopleSoft Applications Step 10 PeopleSoft Asset Management integrates with the new Strategic Sourcing module of Supply Chain Management. This integration enables you to offer unused assets for auction. In addition, if a bid is awarded, the system automatically generates a retirement transaction.

  13. Understanding Integrating with Other PeopleSoft Applications Step 11 This completes the overview of how PeopleSoft Asset Management integrates with other PeopleSoft applications. End of Procedure.

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