Does the new PeopleSoft offering touch on the basics of e-procurement?
Lervick: Yes. An e-procurement solution is basically just streamlining the process of getting an asset or product set up into your asset management system. Then it is the responsibility of the asset management system to take it from there, but streamlining the process takes out some steps. When you’re purchasing goods and services for use in a project, the e-procurement system can collect that project information. Then the project requester knows what they’re buying it for and why they’re buying it. They can enter that information immediately, and that allows us then in the back end to track all the expenditures in a project so you have a complete picture of what you’ve bought. TR: What distinguishes PeopleSoft eProcurement 2.0 from the earlier offering? Lervick: This version is really an upgrade of PeopleSoft eProcurement 1.0, expanding on previous functionality. The functionality for the earlier version included access to managed content, online catalogs, and the real-time price avai
