PLEASANTON, Calif.--(BUSINESS WIRE)--Aug. 18, 2003-- PeopleSoft (Company
Profile, Past
Stories, Case
Studies) Inc. (Nasdaq:PSFT - News) today announced Workforce Performance Solutions (WPS), an integrated suite comprised of PeopleSoft's Enterprise
Portal and HRMS Portal Pack, ePerformance, Enterprise Learning Management (ELM), eDevelopment and key components of PeopleSoft's world-leading Human Resources
(HR) application. WPS enables customers to tie together all the elements of organizational development while tracking the impact of investments in training, employee
development and performance on an organization's operating and financial results. WPS also enables organizations to deliver the appropriate training to ensure compliance
with current government and legislative requirements such as Sarbanes-Oxley, Series 7 and OSHA.
"Organizations are seeking solutions that help them strengthen the link between employee contribution and business results, preferably from a single vendor,"
said Ron Hanscome, senior program director, META Group. "They need to be able to build tighter integration between performance and pay and focus more on
developing employee skills and competencies in order to obtain the highest level of workforce performance. Vendors that provide these fully integrated performance and
learning management solutions will have an advantage in this emerging market."
A key component of PeopleSoft's Human Capital Management (HCM) solution, WPS offers benefits for all stakeholders including Sales, IT, Finance, HR and Organizational
Development departments. With WPS, IT departments can now take advantage of an easy to deploy solution without the tremendous costs and efforts associated with
integrating multiple niche vendor solutions. WPS offers Organizational Development departments all the features and functionality available today from best of breed point
solutions such as real-time employee performance reviews, self-service for competency management and a comprehensive, learning management system. Additionally, the
solution helps HR organizations ensure that the Organizational Development department can successfully execute its training and performance initiatives while meeting the
needs of the Finance department.
"PeopleSoft Workforce Performance Solutions is an intelligent workforce resource planning system that breaks down stakeholder barriers within organizational
development," said Captain Thomas Broderick, United States Navy. "WPS is the IT mechanism that enables supervisors to create a mentoring and coaching
culture that fosters employee performance and accountability."
"In the past, organizations have been forced to choose from disparate vendors and systems in order to create a complete organizational development suite," said
Doug Merritt, vice president and general manager, PeopleSoft HCM. "Today, PeopleSoft is the only enterprise applications vendor to offer an end-to-end workforce
performance solution suite -- from planning, performance management and competency management to learning and development. WPS incorporates the needs of
organizational development professionals and delivers a unified system for increased performance and a lower total cost of ownership."
The PeopleSoft Workforce Performance Solutions suite is available immediately.
About PeopleSoft
PeopleSoft (Nasdaq:PSFT - News) is the world's leading provider of application software for the real-time enterprise. PeopleSoft pure Internet software enables organizations
to reduce costs and increase productivity by directly connecting customers, suppliers, partners and employees to business processes on-line, in real time. PeopleSoft's
integrated, best-in-class applications include Customer Relationship Management, Supply Chain Management, Human Capital Management, Financial Management and
Application Integration. Today more than 5,200 organizations in 140 countries run on PeopleSoft software. For more information, visit us at www.peoplesoft.com.
PeopleSoft and the PeopleSoft logo are registered trademarks 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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