PeopleSoft FSCM (Financials and Supply Chain Management) is a software suite that helps organizations manage their financial operations. Update Image 45 is the latest version of PeopleSoft FSCM, released in 2021. This update includes new features for managing receipts and returns in Fluid, which is the modern user interface for PeopleSoft applications.
With these new features, users can easily enter and manage receipts and returns, view their status, and track the progress of these transactions. The updated Fluid interface also provides better visibility into the status of receipts and returns, enabling users to quickly identify and resolve any issues. Overall, these enhancements make managing receipts and returns in PeopleSoft FSCM more efficient and user-friendly.
This article is all about managing receipts and returns in a fluid using PeopleSoft FSCM Update Image 45.
Oracle PeopleSoft Supply Chain Management offers a comprehensive yet adaptable solution, resulting in cost savings across the entire supply chain, including your plan-to-produce and order-to-cash business processes.
Financials and Supply Chain Management (FSCM), includes PeopleSoft Supply Chain Management and Financial Management Solutions. Enterprise Service Automation and Asset Lifecycle Management are two extension products that are integrated with PeopleSoft Financial Management Suite.
What is PeopleSoft eProcurement?
PeopleSoft eProcurement is used to globalize, automate, and manage purchasing. PeopleSoft eProcurement accelerates your procedures by directing requesters through the procurement process with the use of user-friendly pages and robust search tools.
Steps for Managing Receipts and Returns in Fluid | PeopleSoft FSCM Update Image 45
To manage receipts and returns in Fluid using PeopleSoft FSCM Update Image 45, users can follow these steps:
Navigation: Employee Self Service > e-Procurement >Create Receipt
The home page for e-procurement now features three new tiles. Create receipts, My receipts, My returns. In Create receipt page, we can use the requisition lines to receive tab to pick one or more requisition lines, then click the receive selected button to generate a receipt.
Fig.2 Create Receipt tiles
We may also make other operations on the receipt using the create receipt page, such as adding comments and attachments and deleting receipt lines. denying amounts and providing data for inventory, asset management, and distribution.
Fig.3 Create Receipt Changes
The confirmation page for receipts shows the receipt information when it is created and includes links to the pages for create receipts, edit receipts, and new receipts. To create refunds, go to my receipts page.
Fig.4 Receipt Confirmation
Fig.5 My Receipts page
We can use the requisition lines to return the tab to make returns for a selected line to cancel and alter receipts. Item the configure return page is used to do a variety of return-related tasks, such as overwriting a supplier’s address giving return amounts, choosing return actions, entering return fees, configuring return defaults, canceling return lines, and entering return defaults When the return is made, a message confirms it, and you can move on to additional actions.
Fig. 7 Create return Page
We must provide the return quantity and the return reason on the generate return page so that the suppliers can understand the return reason. The entire process needs to be saved after that, so we must click the save button.
Fig. 7 Create return Page
Benefits of PeopleSoft FSCM Update Image 45:
Here follows the specific benefits of managing Receipts and Returns in Fluid under PeopleSoft FSCM Update Image 45.
- Create receipt page enables us to execute the necessary procurement-related steps.
- The return receipt includes specific information for the vendor, including the return reason and other crucial facts like the return quantity.
- Improved efficiency and user-friendliness in managing receipts and returns through the updated Fluid interface.
- Enhanced visibility into the status of receipts and returns, allowing for quicker resolution of any issues.
- Increased automation and accuracy in financial operations, reducing manual errors and saving time.
- Improved security and compliance with the latest regulations and industry standards.
Author: Jayaraj R. PeopleSoft Team