Borden Foods Goes Live on PeopleSoft 8 Enterprise Performance Management.Business Editors, Technology Writers NEW YORK--(BUSINESS WIRE)--July 11, 2000 Pure Internet eBusiness Analytics Applications Designed to Improve Employees' Access to Critical Business Information PeopleSoft Inc. (Nasdaq: PSFT PSFT PeopleSoft (stock symbol) PSFT Progressive Saturation Fourier Transform PSFT Prosoft-Technology, Inc ), today announced that Borden Foods Corporation has implemented PeopleSoft 8 Enterprise Performance Management (EPM EPM equine protozoal myeloencephalitis. ), a pure Internet eBusiness analytics suite. Borden Foods is live with PeopleSoft 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 and PeopleSoft Enterprise Warehouse, key modules within Enterprise Performance Management that help employees make more informed business decisions. Additionally, Borden Foods will implement PeopleSoft Customer Profitability Customer profitability (CP) is the difference between the revenues earned from and the costs associated with the customer relationship in a specified period. According to Philip Kotler,"a profitable customer is a person,household or a company that overtime,yields a revenue later this year with production starting on Supply Chain Management and Financial Planning Financial planning Evaluating the investing and financing options available to a firm. Planning includes attempting to make optimal decisions, projecting the consequences of these decisions for the firm in the form of a financial plan, and then comparing future performance against workbenches in the future. "PeopleSoft's Scorecard and Warehouse will provide all Borden Foods associates a mechanism to review our business results through our corporate intranet. This capability will help us to understand the drivers of our success," said Jim Zetwick, business systems director, Enabling Services, Borden Foods. "Each associate is an important piece of the puzzle. PeopleSoft's applications serve as an enabling tool that aligns our associates with company objectives." PeopleSoft Enterprise Performance Management is a comprehensive, integrated suite of eBusiness analytics applications. These applications allow businesses to better manage investments in employees, customer relationships, and supply chains, as well as proactively improve business performance, and coordinate execution of strategy. PeopleSoft Balanced Scorecard enables Borden Foods to communicate internal strategy and company objectives to all its employees through a system of key performance indicators Key Performance Indicators (KPI) are financial and non-financial metrics used to quantify objectives to reflect strategic performance of an organization. KPIs are used in Business Intelligence to assess the present state of the business and to prescribe a course of action. drawn from financial measures, customer insight, internal business processes, and workforce factors. Using PeopleSoft Balanced Scorecard, Borden Foods employees can examine and measure their own performance by incorporating Borden standards into everyday business decisions. Borden is using PeopleSoft Enterprise Warehouse to draw from PeopleSoft applications as well as other enterprise and legacy systems. PeopleSoft Enterprise Warehouse enables Borden to organize, store and present information for analysis via the Web in a customizable and easily accessible environment. "PeopleSoft's Enterprise Performance Management products integrate seamlessly with our other PeopleSoft applications, while still providing a layer of flexibility for adding information from internal and external data sources," says Gerry Gluscic, vice president of information systems and CIO CIO: see American Federation of Labor and Congress of Industrial Organizations. (Chief Information Officer) The executive officer in charge of information processing in an organization. , Borden Foods. "We relied on PeopleSoft Consulting for a successful implementation of the Balanced Scorecard and Enterprise Warehouse, which are critical components of `keeping score' against our business goals and objectives." "Borden Foods demonstrates how organizations can use PeopleSoft 8 Enterprise Performance Management to revolutionize rev·o·lu·tion·ize tr.v. rev·o·lu·tion·ized, rev·o·lu·tion·iz·ing, rev·o·lu·tion·iz·es 1. To bring about a radical change in: Television has revolutionized news coverage. 2. the way they make business decisions and drive corporate performance," said Chuck Teller TELLER. An officer in a bank or other institution. He is said to take that name from tallier, or one who kept a tally, because it is his duty to keep the accounts between the bank or other institution and its customers, or to make their accounts tally. , general manager of PeopleSoft's Enterprise Performance Management division. "PeopleSoft 8 eBusiness analytics applications give organizations a strategic framework to derive maximum value from their operational systems." About PeopleSoft PeopleSoft (Nasdaq: PSFT) is a worldwide leader in eBusiness solutions offering Customer Relationship Management, Supply Chain Management, Human Resource Management, Financial Management, Professional Services Automation See PSA. , and Learning Solutions for a range of industries. PeopleSoft supplies eBusiness applications, consulting, and education for large and medium-size enterprises that desire flexibility, speed, and lower cost of ownership in the Internet economy The Internet Economy refers to conducting business through markets whose infrastructure is based on the Internet and World-Wide Web. An Internet economy differs from a traditional economy in a number of ways, including: communication, market segmentation, distribution costs, and price. . With more than 4,000 customers and 7,000 employees, including 2,400 consultants, and products installed in more than 90 countries, PeopleSoft leads its customers in achieving the highest value from eBusiness solutions. PeopleSoft and the PeopleSoft logo are registered trademarks. All other company and product names may be trademarks of their respective owners. Copyright (c) 2000 PeopleSoft, Inc. All rights reserved. |
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