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- The General ledger is the heart of a financial accounting system and it is more than just a data repository.
- PeopleSoft accounting systems provides reliable financial control, flexible data collection, and readily accessible information.
- Department managers will have instant access to their accounts thus helping them in their spending decisions.
- The PeopleSoft Purchasing module will enable the Administrative departments at Coppin to efficiently and cost-effectively procure materials, goods, and services.
- The online/real-time function helps to manage requisitions, contracts, requests for quotes (RFQs), purchase orders, vendor returns, and item inspections--all online.
- With real-time web access to individual budgets, department managers will have up-to-the minute information before making any purchasing decisions.
- Status of purchase orders can be tracked from requisition through payment process.
- With electronic approval paths, purchasing process will be greatly streamlined over the current manual process of walking the requisition to various individuals for approval.
- Payables module manages the critical task of cash disbursement, high volumes of invoices.
- To optimize the cash flow, PeopleSoft Payables integrates with other critical business process systems both PeopleSoft and 3rd party systems.
- The result is efficient process and improved accountability.
- PeopleSoft Asset Management takes a fresh approach to Fixed Asset Accounting by delivering maximum financial control with flexibility and minimizing the cost of tracking physical asset information including adding, transferring, depreciating, and retiring assets.
- PeopleSoft Budget module supports an organization's strategic objectives by providing accurate and reliable operating budget.
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