New Enterprise Performance Management Applications
PeopleSoft Unveils New Enterprise Performance Management Applications
Embedded Analytics Extend Collaborative
Planning Across the Enterprise
Auckland — August 30, 2001 — Demonstrating its strength in the business analytics market, PeopleSoft Inc. (Nasdaq: PSFT) today announced it has added new collaborative business planning products to its industry-leading Enterprise Performance Management (EPM) solution. The new products include PeopleSoft 8 Business Planning and Budgeting, Customer Behaviour Modelling (CBM), Workforce Planning, and four solution-specific data warehouses.
PeopleSoft 8 EPM is the industry’s first pure internet solution to embed collaborative business planning and modelling functionality into critical business processes. The applications provide continuous planning capabilities so companies can rapidly respond to shifts in their business and adjust strategies accordingly.
“At a time when Australian business’ need to analyse their business performance more closely, PeopleSoft has stepped in and provided PeopleSoft 8 EPM, turning collaborative planning from a once a year exercise to an ongoing activity,” said David Webster, Managing Director Australian and New Zealand, PeopleSoft. “As the world’s first pure internet solution, PeopleSoft 8 EPM allows our customers to measure performance real-time and dramatically impact bottom-line performance.”
“Active Financial Planning builds accuracy into financial and company-wide business projections, and allows the enterprise to be more strategic and competitive. ...Enterprise Performance Management (EPM) from one of the most prominent ERP vendors, PeopleSoft, takes first place in Active Planning vision.” Source: Bettina Zwerdling, The AMR Research Report on Enterprise Management, “The ABCs of Active Enterprise Financial Planning.”
Now, more than ever, customers need planning tools that help them quickly adapt to changing market dynamics. PeopleSoft 8 Business Planning and Budgeting are collaborative financial planning applications that facilitate continuous forecasting and measurement of business information. Seamless integration between PeopleSoft Business Planning and Budgeting gives customers a single solution for projecting and modifying their strategic financial plans, increasing overall profitability and efficiency.
Developing and maintaining customer loyalty requires knowing what customers want — and providing it when they need it. PeopleSoft 8 CBM analyses information to help businesses gain a deeper understanding of customers. Using predictive analytics such as customer profiling, modelling, and data mining, companies can proactively identify customers most likely to purchase products and services and customise marketing campaigns tailored to those profiles.
Ensuring a company’s human capital is being utilised to its fullest is a critical concern for all organisations. PeopleSoft 8 Workforce Planning enables companies to strategically align their workforce to maximise organisational performance. The application allows companies to model skills and competencies, plan succession, and determine workforce strengths and weaknesses.
The extended PeopleSoft 8 EPM solution also includes four new solution specific warehouses for Customer Relationship Management, Financials, Human Resource Management System, and Supply Chain Management. The data warehouses are designed to deploy easily with PeopleSoft and other enterprise applications and speed the analysis and reporting of data.
PeopleSoft’s new Enterprise Performance Management applications will be generally available in Q4 2001.
PeopleSoft Inc. (Nasdaq: PSFT) is a world leader in providing eBusiness applications that enable people - customers, suppliers, and employees - 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 8,500 people worldwide, including 2,500 eBusiness consultants. More than 4,700 organisations in 107 countries run on PeopleSoft eBusiness applications. For more information, visit us at www.peoplesoft.com.
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. It’s customers include AAP, AMP, ANZ, 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, Hewlett-Packard, Citibank, AMD, DBS Bank, PSA Corporation, Singapore Ministry of Finance, Morrison Express, Singtel, Starhub, Tenaga Nasional, Telekom Malaysia and Swire Properties.
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