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PeopleSoft Launches PeopleSoft MarketPay

Media Release

PeopleSoft Launches PeopleSoft MarketPay

Industry’s First Pure Internet Global Financial Settlement System
For B2B Trading Exchanges


AUCKLAND, November 20, 2000 – PeopleSoft Inc. today announced PeopleSoft MarketPay, a pure internet financial settlement system built for B2B trading exchanges.

PeopleSoft MarketPay will be the first product in the industry for trading exchanges’ internet purchasing and payment processing. It will completely automate the procure-to-pay processes for B2B exchanges and is currently scheduled for general release in the first quarter of next year.

According to Andrew Barkla, Regional Vice President, PeopleSoft Asia Pacific, there is significant opportunity for PeopleSoft MarketPay in Asia Pacific.

“Leading IT analysts have predicted the proliferation of eMarketplaces over the next two years. We believe that our MarketPay solution is integral to the smooth financial operation of exchanges in the procure to pay process, and because of its ability to handle multi-currency and multi-lingual processing,” Mr Barkla said.

“We are currently in discussions with an Australian financial organisation to provide this service, and will look to introduce MarketPay to our first customers early next year,” Mr Barkla added.

PeopleSoft MarketPay will leverage the strength of PeopleSoft Financials modules and their global features, and will include multi-currency and multi-lingual processing. A large consortium of international banks already has agreed to implement the solution.

In Europe, answork, the leading French B2B e-marketplace and a partner in designing the solution, is MarketPay’s first customer. PeopleSoft MarketPay will be used by the newly formed joint venture of BNP Paribas, Cap Gemini Ernst and Young, Crédit Agricole and Société Générale, to enable answork customers to manage and monitor the purchasing and selling processes, from catalogue content management to ePayment.

About PeopleSoft
PeopleSoft (Nasdaq: PSFT) is a leading provider of eBusiness applications that enable people -- customers, employees, and suppliers -- to power the internet. PeopleSoft's pure internet Customer Relationship Management, Supply Chain Management, and Enterprise Management solutions provide the industry's most open and flexible e-commerce platform. PeopleSoft employs more than 7,900 people worldwide, including 2,400 eBusiness consultants. More than 4,500 organisations in 107 countries run on PeopleSoft eBusiness applications.

PeopleSoft began operations in Asia Pacific in 1993 and now has offices in Sydney, Melbourne, Canberra, Perth, Brisbane, Adelaide, Auckland, Wellington, Singapore, Hong Kong and Malaysia. Its customers include AAP, AMP, Alcoa, Australian National University, Australian Stock Exchange, Bangkok General Hospital, Coles Myer, Department of Defence, Eastern Energy, Ford, Foxtel, Government of Singapore Investments Corporation, HSBC Holdings, John Fairfax Holdings, Mass Transit Railway Corporation (MTRC) Hong Kong, National Mutual Health Insurance, NZ Police, NZ Post, UNITEC, Reserve Bank of Australia, Reding Paper Products, Transfield Pty Ltd, University of NSW, WA Department of Education and WA Petroleum, Hewlett-Packard, Citibank, AMD, DBS Bank, PSA Corporation, Singapore Ministry of Finance, Morrison Express, Singtel, Starhub, Tenaga Nasional, Telekom Malaysia and Swire Properties. For further information, please visit www.peoplesoft.com

PeopleSoft and the PeopleSoft logo are registered trademarks. All other company and product names may be trademarks of their respective owners. Copyright © 2000 PeopleSoft, Inc. All rights reserved.


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