Integrating with PeopleSoft Commitment Control

PeopleSoft Commitment Control is an optional feature of Oracle's PeopleSoft Financial Management (FMS), Oracle's PeopleSoft Enterprise Service Automation (ESA), and Oracle's PeopleSoft customer Relationship Management (SCM) product lines that enables you to control expenditures actively against predefined, authorized budgets. In particular, PeopleSoft Commitment Control enables you to:

• Create and maintain control budgets.

• Check actual transactions (such as actual expenditures and revenues) against control budgets.

• Check imminent future financial obligations (pre-encumbrances and encumbrances) against control budgets.

• Check recognized revenue against revenue estimate budgets.

When you set up your control budgets, you associate them with a particular PeopleSoft General Ledger business unit and designate amounts for them. You also define which kinds of transactions you will check against your control budgets. After your budgets are established, you check all of these transactions against your budgets, passing or failing the transactions, depending on the remaining available budget amount and the degree of budgetary control you set up for your budgets.