Business Capabilities

Highstreet IT Product Roadmap

Payroll to Projects

Extension to Oracle Fusion Cloud Payroll and Project Portfolio Management, capable of allocating actual payroll expense at a granular level to Projects and Awards.

  • Timesheet driven allocation percentages
  • Calculations based on any determinant, such as position, job, employee type, grade, assignment etc.
  • Grouping of costs to provide simplicity when building allocation rules
  • Draft processing to evaluate and reconcile prior to committing costs
  • Detail and summary level expenditure posting
  • Support for temporary or seasonal rules to apply at specific times of the year
Outcomes
  • Actual payroll costs based on actual user activity, no average or assumed calculated variables
  • Completely integrated with Payroll processing as part of the run process

Payroll to Payables

Extension to Oracle Fusion Cloud Payroll and Purchasing, enabling customers to link benefits and Payroll elements to a Supplier payee and generating payment invoices

  • Map Benefits and Payroll elements to Suppliers and sites
  • Support for Employee and Employer costs
  • Summary or Detail level Invoice lines
Outcomes
  • Automatically generate benefit provider payables invoices ready for payment
  • Account reconcilliation to ensure liabilities are cleared and tie to payroll

Year End Net Position

Extension to Oracle General Ledger, enabling public sector customers to allocate the standard retained eearnings process across their shart segments beyond the single retained earnings account. Funds must maintain their asset balance across fiscal years, and Oracle Fusion consolidates them to a single retained earnings account. Public sector organizations need a more granular level of detail maintained on the balance sheet, often utilizing several segments of their chart. The Year End Net position process enables customers to

  • Define net position rules utilizing all of their chart segments
  • Support summary and detail level values within the mapping
Outcomes
  • Tied right into the Year-End processing steps of Oracle Fusion
  • Ability to run in "what if" during any period of the fiscal calendar