PeopleSoft Delivers the First, Complete, 100% Internet Professional Services Automation Solution
PeopleSoft Delivers the First, Complete, 100% Internet Software provider to world's top consulting firms positioned to
dominate PSA market
AUCKLAND, March 1, 2000 - PeopleSoft, Inc. today introduced PeopleSoft Professional Services Automation (PSA) and
announced plans to aggressively expand the company’s leadership position within the fast-growing professional services
market.
Capitalising on its proven eBusiness applications, "people-centric" software expertise and a successful track record
with more than 150 professional service organisations, PeopleSoft is positioned to dominate a market forecasted by
Aberdeen Group to grow from $100 million to $1.3 billion by 2003.
PeopleSoft has the broadest, most complete end-to-end PSA solution in the market. PeopleSoft PSA is available today
worldwide and provides service firms a comprehensive eBusiness solution for effectively managing the complete service
value chain including engagements and people, delivering services and maximising profitability. The PeopleSoft PSA
solution is made up of Human Resource Management, Financial Management, Service Delivery Management, Vantive Customer
Relationship Management and Enterprise Performance Management products.
In an industry of mobile workers, PeopleSoft allows consultants and their managers to conduct business anytime, anywhere
in the world.
Frank Anderson, Country Manager for PeopleSoft New Zealand, said the introduction of PeopleSoft PSA will have a strong
impact in New Zealand due to the continuing growth of the services market in this region.
“As more and more organisations become knowledge or service-based, the professional services market is experiencing
rapid and significant growth.
PeopleSoft Delivers First, Complete, 100% Internet Professional Services Automation Solution
“Professional Service firms in New Zealand and Australia are strategically placed to take advantage of this growth by
providing their services to the expanding markets of Asia. PeopleSoft PSA will enable these organisations to manage
their resources for improved efficiency and effectiveness and, in the case of our global partners, share the benefits of
PSA applications by delivering them to their own clients.”
More than 150 professional service organisations, including all of the top six consulting firms, use PeopleSoft
solutions to manage their enterprise. Customers include such high-profile companies as KPMG, Ernst & Young and Hewitt Associates. The PeopleSoft PSA solution addresses the needs of large and medium-sized professional
services firms, such as consulting, accounting, system integrators and software companies.
"The giants of this industry manage their businesses on PeopleSoft applications. Based on our reputation and
people-centric heritage, and our solution's rich functionality, our customers are assured that we will provide the best
technology for managing growth and delivering services in this dynamic market," said PeopleSoft CEO Craig Conway.
"Our research shows that PeopleSoft is the first leading enterprise vendor to recognise the market potential and to
address key customer requirements in the services sector," said David Hofferberth, Aberdeen Group senior analyst.
"PeopleSoft brings extensive functionality and best business practices to address the most challenging aspect of
managing in services industries - people."
The PeopleSoft PSA solution provides professional services firms:
Full engagement management capabilities including revenue management, invoice management, and billing and accounts
receivables management, enabling professional services best practices.
Time and expense management functions to allow professionals, project managers, and the firms to effectively manage
resources, time and expenses - the most critical component for profit in professional services.
PeopleSoft Delivers First, Complete, 100% Internet Professional Services Automation Solution
Web-deployable client that delivers a powerful, low-maintenance desktop application for all functionality including
employee self-service and customer access to invoices and billing.
Global architecture, including multi-lingual, multi-currency, local regulatory reporting and tax compliance
capabilities.
Flexible and highly scalable architecture that adapts quickly to changing business environments.
Complementing the PSA solution, PeopleSoft Select provides a turn-key option for smaller firms that want to benefit from
world-class functionality and technology at an affordable price.
END
About PeopleSoft
PeopleSoft (NASDAQ:PSFT) is a world leader in enterprise application software. PeopleSoft provides eBusiness and
analytic applications for human resource management, financials, distribution, manufacturing, and supply chain, along
with a range of industry-specific solutions. Headquartered in Pleasanton, California, PeopleSoft (www.peoplesoft.com)
employs more than 6,000 people and had 1998 revenues of US$1.5 billion.
PeopleSoft began operations in Asia Pacific in 1993 and now has offices in Auckland, Wellington, Sydney,
Melbourne, Canberra, Perth, Brisbane, Adelaide, Singapore, Hong Kong and Malaysia. Its customers include AAP, AMP,
Alcoa, Australian National University, Australian Stock Exchange, Coles Myer, Department of Defence, Eastern Energy,
Ford, Foxtel, John Fairfax Holdings, Loy Yang Power, National Mutual Health Insurance, NZ Police, NZ Post, NZ UNITEC,
Reserve Bank of Australia, Reding Paper Products, Transfield Pty Ltd, University of NSW, WA Department of Education and
WA Petroleum, Hewlett-Packard, Citibank, AMD, DBS Bank, PSA Corporation, Singapore Ministry of Finance, Morrison
Express, Singtel, Starhub, Tenaga Nasional, Telekom Malaysia and Swire Properties. For further information:
http://www.peoplesoft.com
This release contains projections or other forward-looking statements regarding future events or the future financial
performance of the Company that involve risks and uncertainties. Readers are cautioned that these statements are only
predictions and may differ materially from actual future events or results. The specific forward-looking statements
relate to such matters as competitive landscape; new product development status; position in the Internet sector; and
future growth. Please refer to the Company's annual report to shareholders (Form 10-K) and subsequent filings on Form
10-Q for more information on the risk factors that could cause actual results to differ.
MEDIA CONTACTS
Imogen Riley, PeopleSoft, Phone: +61 2 9413 0120 Fax: +61 2 9413 0001, Imogen_Riley@peoplesoft.com
Nimita Morarji, Botica Conroy & Associates, Phone: +64 9 3033 862 Fax: +64 9 3033 610
Nimitam@bca.co.nz