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PeopleSoft FSCM Real Estate Management Official Product Name Change to PeopleSoft FSCM Lease Administration (Doc ID 2163255.1)

Last updated on NOVEMBER 23, 2019

Applies to:

PeopleSoft Enterprise FIN Lease Administration - Version 9.2 to 9.2 [Release 9]
Information in this document applies to any platform.

Purpose

Effective with PeopleSoft Update Image 19 (version 9.2), PeopleSoft FSCM Real Estate Management, part of the PeopleSoft Asset Lifecycle Management (ALM) suite, has been renamed to PeopleSoft FSCM Lease Administration. This notice is to alert customers that from the dates specified PeopleSoft Lease Administration will be the new name going forward. The name change will serve to better reflect the product’s expansion to serve as the overarching leasing solution for all of PeopleSoft, as it has been expanded (as a result of the new Lease Accounting standards IFRS 16 and FASB Topic ASC 842) to be able to cover all leases. This includes Capital/Finance as well as Operating leases for all asset types (e.g. properties, land, equipment, inventory, etc.), and allows for both Payables (lessee or tenant) leases and Receivables (lessor or landlord) leases.

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