Peoplesoft introduces new accounting software

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PeopleSoft has released a new version of its accounting application for businesses and the public sector.

PeopleSoft Financials 8.4 stores financial data on a single database, allowing companies to close their books quickly and get up-to-the-minute financial information. The release includes new applications that send alerts to management when a group or business division exceeds its budget.

Interestingly given the current concern about pro-forma reporting in these post-Enron days, the new software also enables the reporting of off balance-sheet investments.

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