PLEASANTON, Calif.--(BUSINESS WIRE)--Dec. 1, 2003--PeopleSoft (Company
Profile, Past
Stories, Case
Studies) Inc. (Nasdaq:PSFT - News) today announced that IBM has licensed PeopleSoft® Enterprise Services Procurement, a component of
PeopleSoft's award-winning Supplier Relationship Management solution. IBM will use the solution to more easily manage its relationships with suppliers that provide
information technology services personnel.
"The PeopleSoft solution will be added to our existing technology platform to help make our procurement of services more customer focused and efficient," said
Henry Pruitt, director of e-procurement and technology, IBM.
PeopleSoft Enterprise Services Procurement's multi-currency and multi-language capabilities provides IBM with a single, integrated platform for a 360-degree view of
information technology and business services spending. IBM will be able to use PeopleSoft's purchasing and contractor management processes to reduce its requisition and
onboarding cycles, reduce spending, increase service agreement compliance and promote supplier performance and service quality. IBM will begin to deploy the solution in
the U.S. in 2004.
PeopleSoft Enterprise Services Procurement manages both resource-based and deliverable-based services, providing visibility and centralized control over all categories of
enterprise-wide services expenditures.
"PeopleSoft Enterprise Services Procurement gives organizations greater control over the quality, cost, and efficiency associated with finding, sourcing, and managing
service suppliers," said Patrick Quirk, general manager of PeopleSoft Supply Chain Management. "By selecting PeopleSoft Enterprise Services Procurement,
IBM is recognizing the importance of streamlining services procurement and the bottom line benefits that this solution can provide."
About PeopleSoft Enterprise Services Procurement and Supplier Relationship Management
PeopleSoft Enterprise Services Procurement is a component of PeopleSoft's award-winning Supplier Relationship Management (SRM) suite. The solution manages the
complete source-to-settle process for managing both resource-based and deliverable-based services. According to Aberdeen, business services on average account for
between 30 percent and 50 percent of a company's spend. For professional services companies, services can account for greater than 80 percent of a company's spend.
Organizations that automate the process of services procurement can reduce procurement costs by 10 percent to 35 percent (The Services Supply Chain Automation
Benchmark Report, June 2003).
PeopleSoft Enterprise SRM is the only enterprise software application that enables organizations to manage 100 percent of corporate spend, including direct and indirect
goods, assets and deliverable and time-based services. The solution seamlessly integrates the complete source-to-settle process -- from determining the best supplier, to
receiving shipments, closing financial settlement, and continually analyzing performance. PeopleSoft Enterprise SRM has industry-specific functionality for the financial
services, healthcare, education, government, industrial products, consumer products, energy, and high technology industries.
About PeopleSoft
PeopleSoft (Nasdaq:PSFT - News) is the world's second largest provider of enterprise application software with 12,000 customers in more than 25 industries and 150
countries. For more information, visit us at www.peoplesoft.com.
PeopleSoft is a registered trademark of PeopleSoft, Inc. All other company and product names may be trademarks of their respective owners. Copyright (C) 2003
PeopleSoft, Inc. All rights reserved.
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