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Bank of China -Hong Kong- Selects PeopleSoft Enterprise Performance Management Solution.


Business Editors/High-Tech Writers

PLEASANTON, Calif.--(BUSINESS WIRE)--June 19, 2003

EPM EPM

equine protozoal myeloencephalitis.
 Solution Provides Financial Consolidation,

Expense Control and Profitability Reporting

PeopleSoft Inc. (Nasdaq:PSFT PSFT PeopleSoft (stock symbol)
PSFT Progressive Saturation Fourier Transform
PSFT Prosoft-Technology, Inc
) today announced that Bank of China (Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. ) Ltd (BOCHK BOCHK Bank of China (Hong Kong) Limited ) selected PeopleSoft's Enterprise Performance Management (EPM) analytic solutions in December 2002. BOCK Noun 1. bock - a very strong lager traditionally brewed in the fall and aged through the winter for consumption in the spring
bock beer

lager beer, lager - a general term for beer made with bottom fermenting yeast (usually by decoction mashing); originally
 selected PeopleSoft's EPM and Balanced Scorecard Balanced Scorecard

A performance metric used in strategic management to identify and improve various internal functions and their resulting external outcomes. The balanced scorecard attempts to measure and provide feedback to organizations in order to assist in implementing
 solutions to optimize the Bank's profitability reporting and analysis. BOCHK, one of the largest banks operating in Hong Kong, has more than 300 branches offering a comprehensive range of financial products and services to retail and corporate customers.

"BOCHK required an advanced performance management and measurement infrastructure and PeopleSoft is providing that platform," said Rob Wells, General Manager for North Asia North Asia or Northern Asia is a subregion of Asia. The most common definition of the term is;
  • The Asian part of Russia, namely Asian Siberia; however, by some definitions, not all of Northern Asia is part of Siberia.
, PeopleSoft. "Following a highly competitive evaluation, we are delighted that PeopleSoft has been selected to support BOCHK's strategy. This win also illustrates our continued leadership in providing enterprise applications for the financial services The examples and perspective in this article or section may not represent a worldwide view of the subject.
Please [ improve this article] or discuss the issue on the talk page.
 industry."

PeopleSoft EPM offers customers one of the most comprehensive performance management solutions on the market. Companies use EPM applications to gain a complete view of their enterprise and track their performance with state-of-the-art analytics. This enables organizations to rapidly align operations with strategic goals and adapt quickly to changes in business conditions. PeopleSoft EPM is built on a standards-based platform, reducing the need for custom development and ongoing maintenance of multiple integration technologies. Leveraging the PeopleSoft AppConnect suite of integration technologies, PeopleSoft's EPM applications can utilize data from any system and integrate it into business processes, resulting in improved company performance.

About PeopleSoft

PeopleSoft (Nasdaq:PSFT) 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 5,100 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 and Pure Internet Architecture is a 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.
COPYRIGHT 2003 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2003, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Jun 19, 2003
Words:373
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