Sandvik Selects PeopleSoft Human Capital Management; Global High-Tech Engineering Organization to Manage 37,000 Employees Across 130 Offices with HCM Solution.Business Editors/High-Tech Writers PLEASANTON Pleasanton, city (1990 pop. 50,553), Alameda co., W Calif., a suburb of the San Francisco–Oakland area, in a vineyard and dairy region; inc. 1894. Wine and cheese are produced, and there are publishing and stone-quarrying industries. , Calif.--(BUSINESS WIRE)--June 24, 2003 PeopleSoft (PeopleSoft, Inc., Pleasanton, CA, www.peoplesoft.com) A software company that specialized in enterprise-wide applications for client/server environments. Initially specializing in human resources, its package offerings covered the gamut including financial, distribution, manufacturing Inc. (Nasdaq:PSFT PSFT PeopleSoft (stock symbol) PSFT Progressive Saturation Fourier Transform PSFT Prosoft-Technology, Inc ) today announced that in the first quarter of 2003, Sandvik selected PeopleSoft's Human Capital Management (HCM HCM hypertrophic cardiomyopathy. ) solution to manage its 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. (HR) information for 37,000 employees worldwide. Sandvik, a high-tech engineering group in Sweden, will deploy PeopleSoft as part of a comprehensive re-engineering project to create consistent HR processes across Sandvik's 130 offices and significantly streamline administration. With real-time 1. real-time - Describes an application which requires a program to respond to stimuli within some small upper limit of response time (typically milli- or microseconds). Process control at a chemical plant is the classic example. access to PeopleSoft's industry-leading HCM solution, Sandvik's local company managers and staff will be able to create global guidelines guidelines, n.pl a set of standards, criteria, or specifications to be used or followed in the performance of certain tasks. for managing personnel information. The new solution will also enable Sandvik's local offices to play a more strategic role in their ability to leverage the skills and potential of its workforce. "In order for Sandvik to continue its leadership position in the engineering industry, we need to ensure that we are maximizing our resources to the fullest," said Holger Wiklund, personnel manager at Sandvik Tooling and program manager of the Sandvik Group's Human Resources project. "Our staff is a vital resource. With PeopleSoft HCM, we will be able to track and manage every employees' skills, goals and qualifications, helping us to maintain the highest level of employee productivity for increased business performance." "With more than 37,000 employees across 130 offices, Sandvik required a solution that was flexible enough to grow with their company," said Doug Merritt, vice president and general manager, PeopleSoft HCM. "PeopleSoft HCM will enable Sandvik to streamline their HR business processes and deploy them worldwide to all employees -- without needing to install any software on their PC's. This will allow Sandvik to achieve a lower total cost of ownership compared to any other enterprise application solution available on the market today." About PeopleSoft PeopleSoft (Nasdaq:PSFT) is the world's leading provider of application software for the real-time enterprise. PeopleSoft pure Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the 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 of PeopleSoft Inc. All other company and product names may be trademarks of their respective owners. Copyright (C) 2003 PeopleSoft, Inc. All rights reserved. |
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