Modernizing PeopleSoft Financial Systems: Automation, Cloud Integration, and Workflow Optimization

Abstract

Enterprise Resource Planning (ERP) systems have been a part of the financial and operational processes of contemporary institutions. Although a strong and mature platform, Oracle PeopleSoft Financials was developed based on the old architectures that are becoming less and less fit to meet the modern business requirements of agility, automation, and cloud-native integration. This literature review indicates the need and ways of modernising PeopleSoft Financial systems with three key pillars such as automation, cloud integration, and workflow optimisation. The paper presents a theoretical framework backed by literature in the industry and the scholarly world to inform the strategies of modernisation. The main issues of customisations of the past, data integrity, and the readiness of the organisation are addressed. Further research directions and recommendations include a focus on establishing a consistent modernisation framework, transitioning to the use of hybrid clouds, and the use of advanced analytics. The presented insights will help to inform research and practical implementation to implement sustainable ERP transformation.