Implementing Asset Management

This chapter provides an overview of the steps to implement Asset Management

Understanding Asset Management

PeopleSoft provides a set of documentation components that complement each other to present all the information you need to implement Asset Management. Before you do, it is helpful to understand the various elements used in tandem with Asset Management.

Asset Management is the core financial product of the PeopleSoft Asset Lifecycle Management (ALM) Solution. The other products that compose the ALM product suite are:

PeopleSoft Enterprise IT Asset Management.
PeopleSoft Enterprise Maintenance Management.
PeopleSoft Enterprise Real Estate Management.

The Asset Repository Manager (ARM) is the central feature used in common by these products. The asset repository is essentially the asset database, the core of asset processing. From the asset repository, assets are made available to other products in pursuance of their respective business processes.

See PeopleSoft Enterprise Asset Lifecycle Management Fundamentals PeopleBook,”Understanding the Asset Repository”.

The products included in the ALM product suite also integrate directly with PeopleSoft Enterprise Human Capital Management.

And finally, Asset Management integrates with other Financials and Supply Chain Management products, including:

PeopleSoft Enterprise Billing.
PeopleSoft Enterprise Budgeting.
PeopleSoft Enterprise General Ledger.
PeopleSoft Enterprise Project Costing.
PeopleSoft Enterprise Payables.
PeopleSoft Enterprise Purchasing.
PeopleSoft Strategic Sourcing.

Understanding the Asset Management Implementation Process

To implement Asset Management, you will find the information required to set up the tables and options used by Asset Management and the other ALM products in the following resources:

PeopleSoft Enterprise Application Fundamentals PeopleBook.
PeopleSoft Enterprise Asset Lifecycle Management Fundamentals PeopleBook
PeopleSoft Enterprise IT Asset Management PeopleBook
PeopleSoft Enterprise Maintenance Management PeopleBook
PeopleSoft Enterprise Real Estate Management PeopleBook

Because the information you may need to fully implement Asset Management involves more than one PeopleSoft product, you need to refer to the Getting Started chapter in each PeopleBook for specific implementation and integration information.

Use the PeopleSoft Enterprise Application Fundamentals PeopleBook to find detailed information about the following functionality and processes:

Defining financials and supply chain management common definitions.
Setting installation options for PeopleSoft applications.
Defining user preferences.
Securing your system.
Defining and using ChartFields.
Editing ChartField combinations.
Configuring ChartFields.
Summarizing ChartFields using trees.
Using entry events.
Using alternate accounts.
Defining accounting calendars.
Setting up ledgers.
Using journal generator.
Using interunit and intraunit accounting and ChartField inheritance.
Processing allocations.
Setting up on-demand processing.

Use the Asset Lifecycle Management Fundamentals PeopleBook to find detailed information about the following functionality and processes:

Establishing asset business units and cash generating units
Establishing asset processing, including defining asset attributes, profiles, ownership and reporting options.
Setting up accounting entry and financial processing.
Setting up depreciation processing.
Setting up tax processing and tax reporting.
Integrating with other products.
Using delivered workflows for assets.
Configuring background processing for assets.
Working with the Loader Table Data Dictionary.