PeopleSoft Delivers Enterprise Human Resource Management 8.9

PLEASANTON, Calif.--(BUSINESS WIRE)--Dec. 8, 2004--PeopleSoft, Inc. (Nasdaq:PSFT - News) today announced the general availability of PeopleSoft® Enterprise Human Resource Management Solution (HRMS) 8.9. With more than 250 new product enhancements, Enterprise HRMS 8.9 extends PeopleSoft's market leadership with advanced support for contingent workforce and absence management, and new features that significantly improve the application ownership experience.

"With 15 years of product excellence and over 3,000 customers, PeopleSoft is once again setting the standard for innovation, flexibility, and ease of use in human capital management applications," said Mark Frost, group vice president, PeopleSoft product development. "With input from over 500 customer interviews and usability lab sessions, PeopleSoft HRMS 8.9 introduces groundbreaking new products and enhancements that will help organizations meet emerging workforce challenges."

PeopleSoft Enterprise HRMS 8.9 includes significant new functionality for managing critical workforce issues including contingent workforce management, absence management, and talent acquisition management.

New Contingent Workforce Functionality

PeopleSoft HRMS 8.9 includes the new "person" model architecture that enables organizations to manage all workforce data in a single repository through a single ID for the duration of an employee's tenure, regardless of changes in their workforce status. The new person model also provides internal visibility and control to critical elements of workforce management while delivering comprehensive reporting to support real-time workforce decisions. As a result, HR management can better respond to rapidly changing business conditions. All PeopleSoft HCM applications support the new person model architecture.

"The person model enhancements are exceptionally interesting. As we look at our total workforce population, some of the things we need to do on a global basis would be challenging without this type of functionality," said Jason Athanas, DHL Director Americas HRIS. "The new functionality in 8.9 will be very applicable and helpful as we continue to grow globally and evolve to accommodate a blended workforce."

New Absence Management Functionality

PeopleSoft's new Enterprise Absence Management application tracks all employee absences in a single web-based interface, enabling organizations to automate planning and compensation for paid and unpaid time off for a global workforce. PeopleSoft Enterprise Absence Management accommodates the unique needs of international organizations and integrates with PeopleSoft Enterprise Global Payroll, Payroll North America, and Time and Labor applications.

"Being able to do a better job with absence management will help us increase productivity and service, contributing to guest satisfaction and potential sales growth," said Laurie Walton, Manager of HR Shared Services at Meijer. "PeopleSoft is meeting a need we have at Meijer, and we are looking forward to what 8.9 can offer."

New Talent Acquisition Management Functionality

PeopleSoft's newly designed Talent Acquisition Manager and Candidate Gateway products are online, self-service tools that deliver new efficiencies for recruiters and candidates during the hiring process. The new Talent Acquisition Manager provides employers with enhanced contact management tools, improved search capabilities, and new configuration options that allow hiring managers to better track top candidates. The Candidate Gateway enables job applicants to more easily search, apply, and track multiple employment opportunities through a single interface.

"Weil Gotshal recently implemented several key pieces of PeopleSoft's Talent Management solutions and we are very excited about the new capabilities in the 8.9 release," said Cal Link, Head of Human Capital Management Systems at Weil Gotshal. "As one of the 10 largest law firms in the world, managing talent is key to providing premium service to our clients."

Total Ownership Experience Enhancements

PeopleSoft Enterprise HRMS 8.9 includes numerous usability enhancements, providing customers a superior Total Ownership Experience. The new release underwent extensive testing in customer environments and users have reported the following performance gains:

20 percent reduction in overall implementation time
23 percent increase in task completion
16 percent reduction in time across 18 key tasks
About PeopleSoft HRMS

PeopleSoft's HCM solutions currently support the human resource needs of 75 million employees in 167 countries. PeopleSoft HCM is currently in use at more than half of the Fortune 100 and six of the 10 largest global organizations, making it the worldwide standard for Human Capital Management. The combination of PeopleSoft Enterprise, PeopleSoft EnterpriseOne and PeopleSoft World products are the most comprehensive set of HCM solutions from a single vendor in the world. PeopleSoft HCM solutions enable companies around the world to streamline their HR processes, deploy those processes throughout the organization, and align the workforce to organizational goals and objectives.

To learn more about PeopleSoft Enterprise HRMS 8.9 please visit: http://www.peoplesoft.com/corp/en/products/ent/hcm/index.jsp.

About PeopleSoft

PeopleSoft (Nasdaq:PSFT - News) is the world's second largest provider of enterprise application software with 12,750 customers in more than 25 industries and 150 countries. 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 © 2004 PeopleSoft, Inc. All rights reserved.

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Contact:
PeopleSoft Inc.
Jim Shissler, 925-694-5421
jim_shissler@peoplesoft.com

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Source: PeopleSoft Inc.

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