PeopleSoft Extends Lead in HRMS Market; Demonstrates New Applications, Enterprise-Scale Performance, Global Implementation Capability at IHRIM.
ORLANDO, Fla.--(BUSINESS WIRE)--June 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 enterprise-wide client/server solutions and the market leader in client/server applications for 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. , extended its market dominance Market dominance is a measure of the strength of a brand, product, service, or firm, relative to competitive offerings. There is often a geographic element to the competitive landscape. at this year's International Association for Human Resources Information Management (IHRIM IHRIM International Association for Human Resource Information Management ) conference by demonstrating early versions of two new applications, PeopleSoft Time & Labor and PeopleSoft Pension Administration.
The company also announced a series of benchmarks documenting the scalability and performance of the 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 applications across multiple platforms Refers to two or more operating environments, which typically include the CPU family and operating system. For example, if versions of a program run on Windows and the Macintosh, the software is said to support multiple platforms. and environments. In addition, PeopleSoft disclosed that it has more than 1,000 customers, including 75 who have implemented or are in the process of implementing PeopleSoft HRMS on a global basis.
"We've been delivering solid, well-tested, high performance products for six years, but we're not resting on our laurels," said Row Henson, PeopleSoft vice president of HRMS product strategy. "As the market leader, we continue to add depth and breadth to our solutions by developing both new products and innovative technologies. We've just introduced PeopleSoft Time and Labor and PeopleSoft Pension Administration, and last week we announced partnerships with several leading technology partners for OLAP (OnLine Analytical Processing) Decision support software that allows the user to quickly analyze information that has been summarized into multidimensional views and hierarchies. OLAP tools are used to perform trend analysis on sales and financial information. and electronic commerce."
New Applications and Technology
The latest additions to PeopleSoft HRMS, PeopleSoft Time and Labor and PeopleSoft Pension Administration are being demonstrated today at IHRIM. Both applications are planned for delivery in PeopleSoft 6 at the end of 1996, and are currently being implemented at several beta customer sites.
PeopleSoft's HRMS offering will be further enhanced through the company's recently announced technology initiatives and partnerships addressing electronic commerce, distributed applications, and online analytical processing Online Analytical Processing, or OLAP (IPA: /ˈoʊlæp/), is an approach to quickly provide answers to analytical queries that are multidimensional in nature. (OLAP). (For PeopleSoft's new technology announcements, visit http://www.horngroup.com.)
Benchmarks Demonstrate High Performance
PeopleSoft has demonstrated the enterprise-scale performance of its HRMS software in a series of benchmark tests conducted in cooperation with platform partners at customer and partner sites and in the Performance Laboratory at PeopleSoft's headquarters in Pleasanton, Calif. In recent benchmarks, PeopleSoft Payroll processed 63,000 paychecks per hour on an Informix database and the Sun Ultra Enterprise Server 4000. PeopleSoft HRMS achieved consistently optimal online response times for up to 2,500 concurrent users on an Oracle database and the Sequent Symmetry 5000/SE 70 server.
PeopleSoft HRMS online studies have been completed on a variety of database/hardware configurations, including Oracle/Hewlett-Packard, Oracle/Sequent, Oracle/Data General, and Sybase/Hewlett-Packard. PeopleSoft Payroll batch processing (1) Performing a particular operation automatically on a group of files all at once rather than manually opening, editing and saving one file at a time. For example, graphics software that converts a selection of images from one format to another would be a batch processing utility. benchmark studies completed to date include Oracle/Sun SPARCServer 1000, Informix/Sun Ultra, DB2/MVS, and DB2/AIX. Industry analysts and members of the press may request copies of PeopleSoft Performance Reports from The Horn Group (see contact information below).
Global HR Implementations
The leader in client/server human resources software applications, PeopleSoft addresses an installed base of more than 1,000 customers, including 75 companies that have implemented or plan to implement PeopleSoft HRMS in three countries or more. Global implementations of PeopleSoft HRMS have been completed by such companies as BP Oil Company, Hewlett-Packard, and NCR Corporation (company) NCR Corporation - Electronics company mainly active in the midrange server market.
NCR was founded 1884 as National Cash Register Company. It joint the computer industry in th 1950s. .
PeopleSoft Time and Labor
PeopleSoft Time and Labor provides a single, consistent, auditable repository of time-related information that is fully integrated with PeopleSoft HRMS. The application handles all key components of the PeopleSoft Time and Labor process -- establishing tables and rules, scheduling, reporting time, prior period adjustments, updates to paysheets, labor distribution, and attendance reporting.
It also records information to support the time-related needs of a variety of business functions such as compensation, cost accounting, and organization administration, while insuring the integrity of the data. PeopleSoft Time and Labor, like all PeopleSoft enterprise applications, is scalable and designed to be modified and changed according to according to
1. As stated or indicated by; on the authority of: according to historians.
2. In keeping with: according to instructions.
3. a company's dynamic requirements.
PeopleSoft Pension Administration
PeopleSoft Pension Administration streamlines operations for all levels and aspects of pension administration, even for current systems with numerous plans or complicated structures. This initial release is specifically designed for U.S. private-defined benefit pension plans including traditional, cash balance, and contributory plans contributory plan,
n a method of payment for group insurance coverage in which part of the premium is paid by the employee and part is paid by the employer or union. . PeopleSoft Pension Administration enables automation of pension administration functions including data storage, benefit calculations and estimates, employee communications, flexible system design, retiree administration and reporting, and data extraction Data extraction is the act or process of retrieving (binary) data out of (usually unstructured or badly structured) data sources for further data processing or data storage (data migration). .
Additionally, systems managers using PeopleTools can customize and modify the applications as the employee base evolves. When fully integrated with PeopleSoft HRMS, PeopleSoft Pension Administration enables both data collection and administrative tasks to be completed effectively without duplication of effort or time consuming transfer of information between systems. PeopleSoft Pension Administration is also available as a stand alone application.
PeopleSoft Inc. (Nasdaq:PSFT) was established in 1987 to provide innovative software solutions that meet the changing business needs 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, human resources.
With more than 1000 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., Pleasanton
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 , 510/274-9794
The Horn Group
Kelli Harris or Elizabeth Orgel, 415/579-6400