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Technology Stocks : PSFT - 1999: The "Make-It-or-Break-It" Year? -- Ignore unavailable to you. Want to Upgrade?

To: SemiBull who wrote (1211)	1/6/2003 9:10:24 PM
From: SemiBull	Respond to of 1274

PeopleSoft Delivers Sales Incentive Management Solution for High Tech and Industrial Organizations Monday January 6, 6:04 am ET PeopleSoft Poised to Lead Rapidly Growing Incentive Management Market PLEASANTON, Calif.--(BUSINESS WIRE)--Jan. 6, 2003--PeopleSoft Inc. (Nasdaq:PSFT - News) announced the general availability of PeopleSoft Sales Incentive Management (SIM) for High Tech and Industrial organizations. As part of PeopleSoft's industry-leading Human Capital Management (HCM) solutions, PeopleSoft SIM reduces incentive management expenses by streamlining administrative processes and providing greater visibility, control and agility to management. As a result, companies can more easily align their incentive plans to business objectives. "Our clients are using increasingly sophisticated incentive plans to drive performance in this challenging economy," said Gopi Mattel, chief executive officer at CellarStone Inc., a firm specializing in enterprise incentive automation services. "We are pleased to see that PeopleSoft has delivered a sales incentive management product specifically designed to address the needs of complex enterprises and multi-channel sales organizations. The flexibility and configurability of this product will benefit companies looking for more agility and efficiency in their sales operations." High Tech and Industrial organizations are faced with many challenges including managing a large sales force, increasingly shorter product life cycles, channel conflict and tracking multiple commission and territory structures. PeopleSoft SIM is designed to help High Tech and Industrial organizations meet the specific challenges of their industries by providing predefined compensation plan calculations and specific user interfaces. The solution also reduces the burdens associated with complex incentive plans across diverse business units by moving the incentive process online and allowing access throughout the organization. It brings consistency and precision to incentive planning, execution, communication, and analysis. With PeopleSoft SIM, organizations can achieve measurable results with accurate incentive payments while increasing sales efficiency. "Sales incentive compensation systems help organizations resolve many of the challenges associated with sales commissions management, such as, individual performance tracking or commissions payment accuracy," said Joe Galvin, vice president and research director, Gartner, Inc. "Leading enterprises are able to demonstrate a tangible return on investment with sales incentive compensation management systems that extend value by supporting their overall enterprise incentive compensation strategy." "Currently, 80 percent of Global 2000 organizations are attempting to create an incentive solution by linking spreadsheets and homegrown solutions -- an extremely labor-intensive task that is full of errors and delays," said Doug Merritt, vice president and general manager, PeopleSoft HCM. "PeopleSoft SIM for High Tech and Industrial is designed to address our customers' unique and specific business requirements, which will help them to lead in their markets." The PeopleSoft HCM 8.8 Sales Incentive Management solution 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. 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. Copyright(c)2002 PeopleSoft, Inc. All rights reserved. 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. -------------------------------------------------------------------------------- Contact: PeopleSoft Inc. Megan Clark, 925/694-5539 megan_clark@peoplesoft.com or Porter Novelli Katie Bromley, 415/975-2215 katie.bromley@porternovelli.com -------------------------------------------------------------------------------- Source: PeopleSoft Inc.