PeopleSoft Inc. unveiled a slew of new human resource-related announcements Tuesday including a partnership with IBM Corp. to provide the PeopleSoft Human Capital Management Solution for IBM's Dynamic Workplaces initiative.
With the announcement, PeopleSoft becomes the first human resources application vendor for the IBM initiative, which is designed to offer a broad set of intranet-based collaborative technologies such as e-learning and instant messaging to help companies reduce costs and make employees more nimble.
"It does open up their marketplace to us," said Bill Hewitt, PeopleSoft vice president of product and industry marketing. "We are joint selling. It's a way for us to expand our footprint in the worldwide market."
In related news, PeopleSoft also announced a new global solution for the staffing industry, a new risk management solution, and an expansion of its global payroll solutions. All of the announcements were made at the PeopleSoft Connect 2002 EMEA conference in Paris.
The new PeopleSoft product for staffing is an integrated end-to-end solution designed to manage clients, employees, job orders, and billing within a single centralized data source.
"[It] allows staffing companies to integrate front- and back-office applications and extend their enterprise to their customer enterprises," Hewitt said. "The contingent workforce is shrinking [while] the demand for contingent labor is going up. [With the new solution], companies can match the people with the right skills to the right jobs more quickly."
The new PeopleSoft risk management solution is designed to allow companies to meet the requirements of the Basel Capital Accord (Basel II), to which every bank in Europe must comply by 2006. Enterprise Performance Management 8.8 will feature risk management capabilities to allow banks to more easily measure the full spectrum of risk types, including credit and operational risk.
Finally, PeopleSoft announced the expansion of its geographic capabilities for global payroll to include the Netherlands, Malaysia, New Zealand, Singapore, India, and Brazil.