PeopleSoft Announces HRMS 6; New Applications, Globalization, Functionality, and Technology Added to PeopleSoft's Industry-Leading Human Resources Software.DALLAS--(BUSINESS WIRE)--Sept. 10, 1996--PeopleSoft Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :PSFT PSFT PeopleSoft (stock symbol) PSFT Progressive Saturation Fourier Transform PSFT Prosoft-Technology, Inc ), a leading provider of client/server business software, today announced PeopleSoft HRMS HRMS Human Resource Management System HRMS High Resolution Microwave Survey (SETI, Project Phoenix) HRMS High Resolution Mass Spectroscopy HRMS High Resolution Molecular Spectroscopy HRMS Human Resources Management Specialist 6, a major new release of the industry's top human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. management system. Previewing at HRMS Expo in Dallas (Booth No. 316), PeopleSoft HRMS 6 includes two new applications, Pension Administration and Time and Labor, as well as enhanced functionality in its existing applications, new underlying technology, and enhanced global capabilities. By adding depth and breadth of functionality to PeopleSoft HRMS 6, the company is expected to maintain its lead over other human resources software solutions available on the market. "PeopleSoft HRMS 6 expands and enriches PeopleSoft's flagship software product," said Row Henson, vice president of HRMS product strategy for PeopleSoft. "PeopleSoft HRMS 6 is designed to help organizations become flatter, leaner, and more aggressive in responding to changes in the workplace. The software enables HR managers to create self-directed workgroups, move from a job-oriented to a team-based work environment, change labor force expectations, and implement variable compensation structures. PeopleSoft addresses these trends from a competency COMPETENCY, evidence. The legal fitness or ability of a witness to be heard on the trial of a cause. This term is also applied to written or other evidence which may be legally given on such trial, as, depositions, letters, account-books, and the like. 2. management perspective, allowing employers to plan for the future by optimizing their most valuable resource -- their employees. "Human Resource managers are anticipating their organizations' dynamic needs for the Workplace 2000 and beyond," added Henson. "Workplace 2000 is more than a buzzword A term that refers to the latest technology or a term that sounds catchy. If not a flash in the pan, new technologies become mainstream. For example, Java was a hot buzzword in the 1990s, but should remain a major topic for decades. . It's a major paradigm shift A dramatic change in methodology or practice. It often refers to a major change in thinking and planning, which ultimately changes the way projects are implemented. For example, accessing applications and data from the Web instead of from local servers is a paradigm shift. See paradigm. that transforms the way we think about work in terms of how to utilize and measure employee competencies most effectively." With HRMS 6, PeopleSoft has also addressed major issues of strategic importance to organizations managing a global workplace, including the ability to manage employees of multi-national corporations. "PeopleSoft envisions a single solution enabling multinational organizations to meet specific requirements unique to each country or region and at the same time gain clear access to a collective view of all their operations worldwide," said Henson. "Today's leading organizations are requiring both broad functionality and innovative technology in their human resources applications," said Barbara Noti, analyst, META Group. "Furthermore, the industry is also looking to expand operations and functionality on a global basis. With today's announcement, PeopleSoft is well positioned on both these fronts." "As always, PeopleSoft continues to improve their HRMS product by staying abreast of appropriate strategic technologies and best practices in human resources," said Ellen Bailey, HRISO Application Architecture for AT&T. "We are looking forward to the new functionality in PeopleSoft 6, specifically globalization globalization Process by which the experience of everyday life, marked by the diffusion of commodities and ideas, is becoming standardized around the world. Factors that have contributed to globalization include increasingly sophisticated communications and transportation , competency management, and variable compensation. We are also excited about PeopleSoft's continued progress in the areas of electronic commerce, workflow, and distributed architecture." PeopleSoft HRMS 6: New Applications PeopleSoft has added two new applications to its already robust HRMS software product line, including: -- PeopleSoft Pension Administration: Automates pension administration functions from benefit plan administration to employee communication and retirement calculations. PeopleSoft Pension Administration streamlines operations regardless of the number of plans or complexity of the structure. It is fully integrated with all other PeopleSoft HRMS applications, and reduces duplication duplication /du·pli·ca·tion/ (doo-pli-ka´shun) 1. the act or process of doubling, or the state of being doubled. 2. of effort or time-consuming transfer of information between systems; -- PeopleSoft Time & Labor: Enables easy and consistent recording of details of employees' daily work in a single repository. PeopleSoft Time & Labor supports a variety of business functions, such as compensation, cost accounting, and organization administration. It also enables an organization's recording of any information that can be attributed to an individual employee and expressed in hours. PeopleSoft HRMS 6: Functionality Enhancements to Existing Applications PeopleSoft has significantly enhanced its existing HRMS applications to address the needs of its current customers as well as other organizations seeking a strategic human resources management system: -- PeopleSoft Human Resources: New enhancements to this application address an increasingly global marketplace that requires organizations to conduct business on a multinational basis. New features include globalization for managing operations and requirements specific to a country or region; Competency Management for identifying and analyzing job skills or competencies associated with individuals, jobs, teams, and positions; Variable Compensation to align the workforce with strategic business objectives, including the administration and tracking of various types of incentive compensation programs; -- PeopleSoft Benefits: In the new version, the COBRA cobra, name for African and Asian snakes of the family Elapidae that are equipped with inflatable neck hoods. The family also includes the African mambas, the Asian kraits, the New World coral snakes and a large number of Australian snakes. Administration process has been redesigned to more fully automate compliance. Other new features include Benefits Billing, Family Medical Leave Act Administration, Multiple Job Eligibility and Coverage Calculations, Retroactive Having reference to things that happened in the past, prior to the occurrence of the act in question. A retroactive or retrospective law is one that takes away or impairs vested rights acquired under existing laws, creates new obligations, imposes new duties, or attaches a Benefit/Deduction Calculation, and two enhancements specific for workers in Canada; -- PeopleSoft Payroll: PeopleSoft has added many valuable features to its Payroll application, most notably Fair Labor Standards Act Fair Labor Standards Act or Wages and Hours Act, passed by the U.S. Congress in 1938 to establish minimum living standards for workers engaged directly or indirectly in interstate commerce, including those involved in production of goods bound (FLSA FLSA Fair Labor Standards Act FLSA Fedora Legacy Security Advisory ) overtime calculations, retroactive pay calculation, on-line-interactive manual checks, prior period rates, company transfers and tax information, a new Tax Location table, and many other features. The Payroll Interface has been enhanced with import facilities. PeopleSoft HRMS 6: Technology Enhancements In version 6 of PeopleSoft HRMS, PeopleSoft has expanded workflow throughout all HRMS applications and improved business process design capabilities with enhanced versions of PeopleTools, PeopleSoft's integrated set of application development and reporting tools, as well as a new capability to more graphically define workflow navigator See Netscape Navigator, Netscape and Norton Navigator. Navigator - Netscape Navigator . In addition, PeopleSoft HRMS 6 takes advantage of the company's recently announced technology initiatives in the areas of distributed applications An application made up of distinct components running in separate runtime environments, usually on different platforms connected via a network. Typical distributed applications and intranet support. To enable distributed applications, PeopleSoft HRMS 6 includes BEA Tuxedo A TP monitor from BEA Systems, Inc., San Jose, CA (www.beasys.com) that runs on a variety of Unix-based computers. Originally developed by AT&T and sold as source code, Novell acquired it, enhanced it and offered it as shrink-wrapped software for various Unix servers. messaging middleware Software that provides an interface between applications, allowing them to send data back and forth to each other asynchronously. Data sent by one program can be stored in a queue and then forwarded to the receiving program when it becomes available to process it. for remote calls. And to enable intranet access to human resources applications, PeopleSoft HRMS supports World Wide Web interfaces from partners OneWave and Spider Technologies. Pricing and Availability The announcement of PeopleSoft HRMS 6 is the first stage in the rollout of the company's latest enterprise release, PeopleSoft 6. PeopleSoft 6 will be launched at a global live video broadcast from London on November 21, 1996. All software products in PeopleSoft 6 will be available in December 1996. Pricing for all PeopleSoft products starts at $100,000 per application and varies depending on software products licensed, number of users, and size of organization. About PeopleSoft PeopleSoft Inc. (NASDAQ:PSFT) was established in 1987 to provide innovative software solutions that meet the changing business demands of enterprises worldwide. A client/server applications pioneer and market share leader, PeopleSoft develops, markets, and supports a complete suite of enterprise solutions for accounting, materials management Materials management is the branch of logistics that deals with the tangible components of a supply chain. Specifically, this covers the acquisition of spare parts and replacements, quality control of purchasing and ordering such parts, and the standards involved in ordering, , distribution, manufacturing, and human resources. With more than 1,300 customers around the world, the company has been recognized for both its award-winning customer service and remarkable growth. PeopleSoft was listed by Fortune Magazine as one of the fastest growing companies in America in 1995. PeopleSoft product and service information is located on the World Wide Web at http://www.peoplesoft.com. -0- Note to Editors: PeopleSoft, PeopleTools and PS/nVision are registered trademarks and PeopleCode and PeopleTalk are trademarks of PeopleSoft Inc. All other company and product names may be trademarks of their respective owners. CONTACT: PeopleSoft Inc. Kit Robinson Kit Robinson (born May 17, 1949) is an American poet and translator. An early member of the San Francisco language poets circle, he has published 17 books of poetry. Life and Work , 510/468-2124 kit_robinson@peoplesoft.com or The Horn Group Kelli Harris, 415/579-6419 kharris@horngroup.com |
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