Cognizant Technology Solutions is recognized for deploying PeopleSoft’s new Business Process Weaver capability, a powerful unified framework that seamlessly manages the complex Financial processes required during times such as month end close, eliminating wasted manual time, effort, and costly errors, avoids the need for external automation scheduled tools, and most importantly, enables faster and more efficient processing and business reporting.
A business process might have various processes (both ad hoc and scheduled) that have to be triggered from different modules by the users manually (E.g. Account Payables, Financial Gateway and General Ledger) which increases the user clicks and frequent navigation to different pages across the modules.
There is no unified approach to handle this. Specifically during month end close, finance users have to wait for a particular process/job to finish and initiate the subsequent process. This increases monitoring effort and manual scheduling of subsequent process by the users.
External tools (Autosys/Tivoli/ControlM) for automation which are available in market will result in high cost, will require frequent maintenance of hardware and software which will increase the operating cost and creates dependencies on an external system. It increases training cost of the new system as well for the user. A unified solution would suffice the user to solve the above inefficiency and reduce the cost that is involved as part of user efforts.
Oracle PeopleSoft have provided a unified framework to support and manage the structured business processes for an effective Batch processing. PeopleSoft’s Business Process Weaver (BPW) is a new framework that enables you to model, manage and support stringing together Scheduled Processes (Delivered and Custom), PeopleSoft Jobs and User Interactions.