Forbes Magazine Selects PeopleSoft eProcurement as “Best of the Web”
PeopleSoft (Nasdaq: PSFT) today announced that Forbes Magazine has named PeopleSoft’s eProcurement solution “Best of
the Web” for 2002. Forbes “Best of the Web” acknowledges best-of-class, Internet-based solutions that enable companies
to “turbo-charge their business practices.”
Forbes selected PeopleSoft eProcurement, a key component of PeopleSoft Supplier Relationship Management, as “Best of the
Web” for the proven ability to reduce costs by bringing sourcing and financial settlement processes online. Forbes
acknowledges the benefits of PeopleSoft’s solutions, emphasising that they span beyond sourcing to streamline the
complete source-to-settle process. Forbes notes that PeopleSoft Supply Chain Management solutions provide companies with
visibility into supplier relationships to leverage relationships and negotiate better pricing.
“First generation eProcurement solutions were focused on improving one isolated process within the organisation,” said
Pat Quirk, vice president and general manager PeopleSoft Supply Chain Management. “Customers gain greater business value
from moving all of their processes online, from sourcing and procurement, to payment and settlement. With PeopleSoft
Supplier Relationship Management, purchasing officers gain complete visibility and control to reduce costs through
increased operational efficiency, strategic supplier management, rapid supplier enablement and better leverage of
contracts.”
Forbes “Best of the Web” picks can be viewed on the magazine’s website at http://www.forbes.com/bow. About PeopleSoft
PeopleSoft (Nasdaq: PSFT) is the world’s leading provider of application software for the real-time enterprise.
PeopleSoft pure Internet software enables organisations 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. More than 4,900 organisations in 140 countries run on PeopleSoft
software. For more information, visit us at www.peoplesoft.com.