PeopleSoft Expands Footprint in the Staffing Industry

PLEASANTON, Calif.--(BUSINESS WIRE)--Dec. 2, 2003-- New Solutions for Vendor Managed Services, Front- and Back-Office Automation Continue to Drive Staffing Industry Standards PeopleSoft, Inc. (Nasdaq:PSFT) continues to set new standards in the staffing industry with the addition of three new products to its industry-leading suite of staffing solutions. PeopleSoft(R) Enterprise Staffing Front Office 8.8 and PeopleSoft(R) Enterprise Pay/Bill Management 8.8 deliver new functionality to automate and integrate the staffing front and back offices with industry-leading search technology and streamlined billing. In addition, the recently announced PeopleSoft(R) Enterprise Services Procurement 8.8 is creating a new industry standard by delivering a solution that manages the procurement of time and deliverable-based services for Vendor Managed Services (VMS), one of the fastest-growing segments of the staffing industry. PeopleSoft's staffing solutions will enable customers to continue to increase operational efficiencies, improve cash flow, and deliver value-added services to clients around the world. PeopleSoft is the leading vendor of enterprise solutions for the staffing industry, and many of the world's top 100 companies use PeopleSoft solutions to automate the process of managing their staffing organizations. Industry best practices are built into PeopleSoft's staffing solutions and have been developed in conjunction with industry leaders such as Allegis Group, Manpower, Randstad, and Spherion. PeopleSoft is the only vendor to offer a comprehensive solution that integrates best-in-class functionality for financial management, human capital management, and supplier relationship management. New Solutions Extend Industry Footprint Enhancements to PeopleSoft Staffing Front Office and PeopleSoft Pay/Bill Management include defaults, shortcuts, and auto-population that allow users to accomplish daily tasks more quickly and accurately. Additionally, PeopleSoft has simplified tasks by providing consistent icon-driven navigation to ease the use of the solution and reduce the number of clicks needed to execute a task. It also offers new configuration tools that eliminate implementation steps and enable applications to be deployed more quickly and easily. These enhancements to the Staffing Front Office and Pay/Bill Management improve customers' Total Ownership Experience. PeopleSoft's Total Ownership Experience initiative addresses all aspects of the enterprise application lifecycle, dramatically improving the way organizations implement, maintain, and use enterprise software. Customers can realize an increased return on investment from faster implementations, greater user productivity, and improved IT effectiveness. PeopleSoft Services Procurement manages the source-to-settle process for resource-based services to provide visibility and centralized control over all categories of enterprise-wide services expenditures. The solution has multi-currency and multi-language capabilities that provide organizations with a single, integrated platform to consolidate services spend. With this solution, organizations can reduce services procurement costs, improve quality and consistency of services, and strategically collaborate with services providers. "We are standardizing on PeopleSoft because of its continued investment in new technologies that solve complex staffing processes," said Roy Krause, president and chief operating officer, Spherion Corporation. "By delivering innovative solutions for recruiting and staffing automation, PeopleSoft gives us the tools we need to provide value-added services to our clients, positioning us for continued leadership." "PeopleSoft continues to invest in extending our industry-leading solutions by providing industry specific functionality, robust toolsets, and stronger integration between the front office and back office," said Renee Lorton, senior vice president and general manager, PeopleSoft Enterprise Financial Management. "Our new solutions automate the processes of managing staffing services to enable our customers to focus on generating more job orders and growing their business." General Availability PeopleSoft Enterprise Staffing Front Office 8.8 and PeopleSoft Enterprise Pay/Bill Management 8.8 will be available in December 2003. PeopleSoft Enterprise Services Procurement 8.8 will be available in the first quarter of 2004. About PeopleSoft PeopleSoft (Nasdaq:PSFT) is the world's second largest provider of enterprise application software with 12,000 customers in more than 25 industries and 150 countries. For more information, visit us at www.peoplesoft.com. PeopleSoft is a registered trademark of PeopleSoft, Inc. All other company and product names may be trademarks of their respective owners.