PeopleSoft Expands Global Payroll Solutions
Tuesday October 22, 7:00 am ET
Large Multinational Organizations Choose PeopleSoft's Pure Internet Applications to Lower Total Cost of Ownership
PARIS--(BUSINESS WIRE)--Oct. 22, 2002--At Connect 2002 EMEA, PeopleSoft Inc. (Nasdaq:PSFT - News), the worldwide market leader in HRMS and payroll solutions, today announced the expansion of its geographic capabilities for Global Payroll to include the Netherlands, Malaysia, New Zealand, Singapore, India, and Brazil. Organizations around the globe continue to adopt and deploy PeopleSoft Global Payroll, including UBS, La Societe Generale, NTT, HSBC, Pfizer and Unilever. PeopleSoft is the only provider to deliver a global payroll solution that can be deployed using a single database worldwide, and can enable customers to dramatically lower the total cost of ownership.
"Many global companies are looking to streamline their payroll function by consolidating to a single platform," said Ron Hanscome, senior program director for Application Delivery Strategies, META Group. "Organizations need the ability to quickly deploy country functionality to increase the efficiencies and effectiveness of their global payroll infrastructure."
PeopleSoft Global Payroll is the only solution that can administer and consolidate pay information across multiple geographies and workforces on a single database. As a result, payroll information is more accurate, timely and serves both the country-specific requirements as well as corporate reporting and regulatory needs. The PeopleSoft Global Payroll engine provides complete control over the most complex payroll processes including absence management, regulatory, and statutory requirements.
PeopleSoft's Global Payroll has a flexible rules-based engine that allows organizations to implement company-specific payroll features and functions, without substantial technical involvement. "We're building our company-specific payroll and pension rules on top of PeopleSoft's very solid core application, saving us a lot of time and money," said Robert Johanns, IT manager, European Investment Bank, Luxemburg. "Other solutions on the market just don't offer these possibilities."
"Global organizations demand scale and speed, and PeopleSoft Global Payroll continues to meet and exceed the challenge," said Doug Merritt, vice president and general manager, PeopleSoft Human Capital Management. "Organizations choose PeopleSoft Global Payroll because it delivers the flexibility, functionality and scalability required to reduce costs and improve efficiency."
PeopleSoft 8.8 Global Payroll extensions for the Netherlands New Zealand, Singapore, India, Brazil and Malaysia and are expected to be available early next year.
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 4,900 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. All other company and product names may be trademarks of their respective owners.
Statements made in this press release that state the Company's or management's intentions, beliefs, expectations, or predictions for the future are forward-looking statements. Readers are cautioned that these statements are only predictions and may differ materially from actual future events or results. Factors that may bear on the accuracy of these predictions include economic conditions in the U.S. and abroad, the ability to complete and deliver products and services within currently estimated time frames and budgets, market response to product announcements, and other risks referenced from time to time in the Company's filings with the Securities and Exchange Commission. Please refer to the Company's periodic reports to shareholders (Forms 10-K and 10-Q) for more information on the risk factors that could cause actual results to differ.
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Contact:
PeopleSoft Inc.
Megan Clark, 925/694-5539
megan_clark@peoplesoft.com
or
Porter Novelli
Katie Bromley, 415/975-2215
katie_bromley@pnicg.com
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