PeopleSoft Unveils New Enterprise Performance Management Applications; Embedded Analytics Extend Collaborative Business Planning Across the Enterprise

Business Wire, August 28, 2001

Business Editors/High-Tech Writers

ATLANTA--(BUSINESS WIRE)--Aug. 28, 2001

Demonstrating its strength in the business analytics market, PeopleSoft Inc. (Nasdaq:PSFT) today announced it has added new collaborative business planning products to its industry-leading Enterprise Performance Management (EPM) solution. The new products include PeopleSoft 8 Business Planning and Budgeting, Customer Behavior Modeling (CBM), Workforce Planning, and four solution-specific data warehouses.

PeopleSoft 8 EPM is the industry's first pure internet solution to embed collaborative business planning and modeling functionality into critical business processes. The applications provide continuous planning capabilities so companies can rapidly respond to shifts in their business and adjust strategies accordingly.

"Active Financial Planning builds accuracy into financial and company-wide business projections, and allows the enterprise to be more strategic and competitive. ...Enterprise Performance Management (EPM) from one of the most prominent ERP vendors, PeopleSoft, takes first place in Active Planning vision." Source: Bettina Zwerdling, The AMR Research Report on Enterprise Management, "The ABCs of Active Enterprise Financial Planning."

Now, more than ever, customers need planning tools that help them quickly adapt to changing market dynamics. PeopleSoft 8 Business Planning and Budgeting are collaborative financial planning applications that facilitate continuous forecasting and measurement of business information. Seamless integration between PeopleSoft Business Planning and Budgeting gives customers a single solution for projecting and modifying their strategic financial plans, increasing overall profitability and efficiency.

Developing and maintaining customer loyalty requires knowing what customers want -- and providing it when they need it. PeopleSoft 8 CBM analyzes information to help businesses gain a deeper understanding of customers. Using predictive analytics such as customer profiling, modeling, and data mining, companies can proactively identify customers most likely to purchase products and services and customize marketing campaigns tailored to those profiles.

Ensuring a company's human capital is being utilized to its fullest is a critical concern for all organizations. PeopleSoft 8 Workforce Planning enables companies to strategically align their workforce to maximize organizational performance. The application allows companies to model skills and competencies, plan succession, and determine workforce strengths and weaknesses.

"PeopleSoft understands that effective business planning is crucial to success in the financial services industry," said Thomas Johansen, first vice president at Danske Bank. "PeopleSoft's strategy of turning planning into a more collaborative, automated process will enable us to proactively respond to the dynamic needs of our customers."

The extended PeopleSoft 8 EPM solution also includes four new solution specific warehouses for Customer Relationship Management, Financials, Human Resource Management System, and Supply Chain Management. The data warehouses are designed to deploy easily with PeopleSoft and other enterprise applications and speed the analysis and reporting of data.

"PeopleSoft 8 EPM enables continuous collaborative planning, allowing companies to understand the impact of market changes on their business on an ongoing basis, not once a year," said Ram Gupta, executive vice president of PeopleSoft Products and Technology. "The new applications provide our customers with a forward-looking perspective that enables them to closely manage their business and dramatically improve bottom-line performance."

PeopleSoft's new Enterprise Performance Management applications will be generally available in Q4 2001.

About PeopleSoft

PeopleSoft (Nasdaq:PSFT) is the world's leading provider of collaborative enterprise software. PeopleSoft pure internet software enables organizations to reduce costs and increase productivity through collaboration with their customers, suppliers, and employees. PeopleSoft's integrated, best-of-breed applications include Customer Relationship Management, Enterprise Service Automation, Supplier Management, Human Capital Management, Financial Management, and Enterprise Performance Management. More than 4,700 organizations in 107 countries run on PeopleSoft software. For more information, visit us at www.peoplesoft.com.

Note to Editors: PeopleSoft and the PeopleSoft logo are registered trademarks. All other company and product names may be trademarks of their respective owners.