PeopleSoft First to Deliver Global Solution for Staffing Industry
Tuesday October 22, 7:06 am ET
Staffing Firms Leverage Pure Internet Solution to Manage Fast Growing Market
PARIS--(BUSINESS WIRE)--Oct. 22, 2002--PeopleSoft Inc. (Nasdaq:PSFT - News) today announced PeopleSoft for Staffing, the only solution to enable integration of front- and back-office operations so staffing firms can manage available resources and quickly match appropriately skilled people with the right job. In addition, the solution enables companies to streamline the pay-to-bill process by seamlessly linking time entry to payroll and invoicing. As a result, companies of all sizes can quickly fulfill staffing requests, grow client relationships and streamline global operations.
"Staffing firms are challenged by increased competition for skilled labor, the industry's shift towards volume contracts and supporting multi-national clients," said Jim Holincheck, research director of human resource management applications at Gartner, Inc. "Now more than ever, scalable solutions that integrate the front and back office are required to manage labor supply and customer demand, reduce days sales outstanding and drive revenue."
Many staffing firms operate with either manual paper-based processes or inadequate homegrown systems. PeopleSoft provides the only integrated solution for managing clients, employees, job orders, payroll and billing within a single, centralized data source. PeopleSoft for Staffing supports multiple currencies, languages, global payroll and billing functions. As a result, global staffing companies can align and measure key business processes such as increasing the number of job orders filled and decreasing days sales outstanding.
On Assignment Inc. (Nasdaq:ASGN - News) is a leading global provider of temporary healthcare and scientific professionals with $265 million in annual revenues and 171 offices worldwide. Over the past decade, the company has grown quickly through a combination of geographic expansion and corporate acquisitions, but continued to use multiple acquired and homegrown IT systems.
"Our legacy systems were starting to get in the way of our ability to effectively analyze and execute the business," said Joe Peterson, M.D., president and CEO of On Assignment. "We selected PeopleSoft because of the unprecedented time and energy the company spent focusing on our industry. PeopleSoft's industry-specific functionality, robust tool set, and integration between the front-and back-office will provide us with a strong foundation to execute on our plans for expansion."
Other leading worldwide staffing companies including Staffmark, Spherion, Randstad, and KPMG Interim have selected PeopleSoft solutions to reduce costs and increase efficiencies. In addition, six of the top ten staffing companies in the world rely on PeopleSoft solutions.
"Staffing services is one of the most fluid businesses in the world," said Ram Gupta, executive vice president, products and technology, PeopleSoft. "PeopleSoft delivers the only integrated solution designed specifically for the staffing industry, enabling customers to better manage their resources, extend client relationships and streamline global operations with a single solution."
The PeopleSoft for Staffing solution is currently available.
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.
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.
Note to Editors: PeopleSoft and the PeopleSoft logo are registered trademarks. All other company and product names may be trademarks of their respective owners.
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Contact:
PeopleSoft Inc.
Holly Rossetti, 925/694-5027
holly_rosetti@peoplesoft.com
or
Porter Novelli
Katie Bromley, 415/975-2215
katie_bromley@pnicg.com
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Source: PeopleSoft Inc. |
