PeopleSoft and Siemens A.G. Team in Global License and Joint Development Agreements.PLEASANTON, Calif.--(BUSINESS WIRE)--Dec. 12, 1995-- 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, announced today two major license agreements and a joint development project totaling over US$4.8 million with Siemens A.G., the US$60 billion global electrical engineering electrical engineering: see engineering. electrical engineering Branch of engineering concerned with the practical applications of electricity in all its forms, including those of electronics. company. First, Siemens has signed a large, worldwide multi-site license agreement to deploy 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 at Siemens companies in 68 countries around the globe. Second, PeopleSoft and Siemens have entered a joint development agreement to build German versions of PeopleSoft 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. and Payroll applications for the German marketplace. Additionally, Siemens has signed a German license agreement to deploy the jointly-developed applications within Siemens Germany. Siemens made the decision to go with PeopleSoft after evaluating and conducting extensive research on other vendor offerings. Ultimately, Siemens chose PeopleSoft for its flexibility and ability to accommodate constantly changing business processes, as well as for its workflow-enabled capabilities. PeopleSoft's track record in the HR industry, and the successful deployment of PeopleSoft HRMS at three US Siemens companies: Siemens Rolm Communications, Siemens Automotive, and Osram Sylvania  It has been suggested that and be merged into this article or section. ()OSRAM SYLVANIA INC. , a Siemens Company, were also key factors in the decision. Ms. Ursula Fellberg, senior director, corporate HR, responsible for the PeopleSoft project at Siemens, commented, "PeopleSoft HRMS is the best of breed vendor in the HRMS marketplace with the flexible technology, workflow The automatic routing of documents to the users responsible for working on them. Workflow is concerned with providing the information required to support each step of the business cycle. , and implementation support we need. We have a solid team in place and are very pleased with PeopleSoft's service and support. We look forward to a successful project and a long term relationship with PeopleSoft." Dave Duffield, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , PeopleSoft, Inc., commented, "This is a very significant win and relationship for us in the highly competitive German market. It is indicative of a growing trend toward global implementations of our client/server business software by large multinational organizations and is an important milestone for our growth strategy in Europe." Global Multi-Site License Siemens A.G. has purchased an international license for the use of PeopleSoft HRMS to manage human resources, benefits administration, and global reporting for approximately 373,000 employees worldwide. Siemens will implement PeopleSoft HRMS including PeopleSoft Human Resources and Payroll Interface, an interface to third party payroll systems already in use at Siemens. The project has begun in three pilot locations at Siemens Netherlands, Siemens United Kingdom, and Siemens Corporation in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of . In addition, discussions are under way with more than 20 Siemens International companies. The company expects to be fully operational with PeopleSoft HRMS in all designated sites by early 1997. The PeopleSoft implementation is part of the "Process and Procedural Reengineering Project," a major Siemens initiative to reduce costs and increase productivity in all corporate personnel departments worldwide. PeopleSoft HRMS will enable Siemens companies to exchange important HR information across organizations for more efficient recruiting and streamlined operations. The international implementation team supporting this massive rollout is comprised of internal Siemens resources combined with functional and technical consulting expertise from PeopleSoft consultants, partners and third party consultants. Joint Development Agreement Under terms of the agreement, PeopleSoft engineers and Siemens functional experts are working together at PeopleSoft Germany headquarters in Munich to build versions of the PeopleSoft Human Resources and Payroll applications targeted for the German marketplace. The two applications are being modified with sample workflow processes representative of German functional events, German online help, application error messages DOS and Windows error messages are listed individually in this database by the message that is displayed when they occur. See also DOS error messages and Application Error.  , validation values for prompt and translate tables, and German sign-on and SQR Query and reporting software from Hyperion Solutions Corporation, Santa Clara, CA (www.hyperion.com) that provides a graphical front end for designing and generating complex, high-volume reports. reporting capabilities. The German PeopleSoft HR application is being modified to support various functions specific to the German market such as employment contract processing, Workers Councils administration, and new German salary administration including planning of various compensation components. Additionally, PeopleSoft German Payroll will include support for German tax and social insurance regulations. Siemens Germany License Agreement Siemens A.G. has licensed the German versions of PeopleSoft HR and Payroll to manage its 211,000 employee workforce in Germany. The first release of the German version of PeopleSoft HRMS has just been delivered, and PeopleSoft Payroll is currently under development by the joint development teams. The applications will be deployed at Siemens on the Oracle relational database relational database Database in which all data are represented in tabular form. The description of a particular entity is provided by the set of its attribute values, stored as one row or record of the table, called a tuple. running on Siemens Nixdorf See Fujitsu Siemens. hardware. "The combination of our PeopleTools technology, human resource, and payroll expertise together with Siemens' German-specific know-how and best of breed business practices will yield a richly functional yet highly flexible product for Siemens A.G. Germany and the broader German marketplace," said Thomas Koenen, managing director, PeopleSoft Germany. "German corporations have been waiting for an alternative to other vendor offerings and now, Siemens and other companies can take advantage of PeopleSoft's extensive product offering and localized Translated into the spoken language of the country. See localization. German applications." About Siemens A.G. Siemens A.G. (Berlin/Munich) is one of the world's largest electrical engineering and electronics companies. Worldwide, the company recorded fiscal 1994/1995 sales of $61.5 billion (DM 88.8 billion), (a) R&D expenditures of $5.1 billion (DM 7.35 billion), and earnings of $1.45 billion (DM 2.08 billion). For the same period, Siemens had a total of 373,000 employees worldwide. Siemens' U.S. operations recorded sales of $8.0 billion and export sales of $1.1 billion for the same period; employees totaled 47,200. In terms of the number of its U.S. employees, Siemens is among the top three foreign-owned industrial companies in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . (a) Average exchange rate of DM 1.44 = $1.00 for fiscal 1994/1995). About PeopleSoft, Inc. 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, and human resources. PeopleSoft's innovative use of technology empowers individuals to make informed decisions and manage constant change. With several hundred Fortune 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 1994 and 1995, and by Forbes Magazine as one of the best small companies in America in 1994. PeopleSoft product and service information can be located on the World Wide Web at http://www.peoplesoft.com, or via fax-on-demand at 1-800-296-0937. -0- Note to Editors: PeopleSoft, PeopleCode and PeopleTalk are trademarks, and PeopleTools and nVision are registered trademarks of PeopleSoft, Inc. All other company and product names may be trademarks of their respective owners. CONTACT: PeopleSoft, Inc. John Cate, 510/295-9471 john_cate@peoplesoft.com or The Horn Group, Inc. Carol Shen Shen, in the Bible, place, perhaps close to Bethel, near which Samuel set up the stone Ebenezer. , 415/579-6400 carol@horngroup.com or Siemens AG Siemens AG German electrical-equipment manufacturer. The first Siemens company, Siemens & Halske, was founded in Berlin in 1847 to build telegraph installations. , Munich Franz Bergunilles, 49/89234-2779 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion