Scandals, Attacks Prompt New PeopleSoft Products - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.


Scandals, Attacks Prompt New PeopleSoft Products

Responding to demands for software to improve corporate financial accountability, the company unveiled PeopleSoft Investor Portal.

NEW ORLEANS--At its user-group conference here Monday, enterprise software vendor PeopleSoft Inc. unveiled apps with roots in this year's accounting scandals and last year's terrorist attacks. It also introduced vertical-market supply-chain apps and supplier-rating software, a global financial-consolidation application, and sophisticated meta-integration software.

While other software makers are cutting back on R&D, CEO Craig Conway, in his keynote speech Monday morning, said PeopleSoft chose otherwise. "Even though it was a tight year with the tough economy, we've continued to invest in our products."

Responding to demands for software to improve corporate financial accountability, the company unveiled PeopleSoft Investor Portal, which companies can use to give stockholders access to detailed information about financial performance. The product will be part of PeopleSoft's line of software for tapping into data in its core financial apps. The new global-consolidations app will provide management with more accurate financial information. Both new products will be available in the fourth quarter.

PeopleSoft also unveiled two apps for homeland security. One, available early next year, will help federal, state, and municipal managers assess the skills of their "first responders" to disasters, including police, fire, and emergency medical personnel, and help recruit and train emergency workers.

Another app will help colleges and universities comply with government-reporting requirements for foreign students studying in the United States, the company says. That software should ship by year's end.

PeopleSoft, AMR Research analyst Bruce Richardson says, is wise to focus on incremental additions to its product line during this year of economic uncertainty rather than introduce major new products.

One ambitious product on display this week is PeopleSoft AppConnect, which combines the vendor's enterprise-portal, integration-broker, and data warehouse software into a single integration package that links disparate data sources and apps from multiple vendors. Rick Bergquist, PeopleSoft's chief technology officer, says IT managers have to wrestle with a plethora of portal, business-intelligence, and application-integration software. "The problem CIOs face is that they have to integrate the integrators," he says.

PeopleSoft also announced the general availability of new features for its supply-chain products for the consumer-packaged goods, energy, financial-services, government, health-care, and high-tech markets. Health-care companies using its supply-chain technology, for instance, will get group-purchasing features, and consumer-goods makers will get hedge-buying functions to manage overlapping procurement contracts. And a new module in PeopleSoft's supplier-relationship management application, available in the fourth quarter, will help companies monitor and evaluate supplier performance.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
The State of Cloud Computing - Fall 2020
The State of Cloud Computing - Fall 2020
Download this report to compare how cloud usage and spending patterns have changed in 2020, and how respondents think they'll evolve over the next two years.
2021 Outlook: Tackling Cloud Transformation Choices
Joao-Pierre S. Ruth, Senior Writer,  1/4/2021
Enterprise IT Leaders Face Two Paths to AI
Jessica Davis, Senior Editor, Enterprise Apps,  12/23/2020
10 IT Trends to Watch for in 2021
Cynthia Harvey, Freelance Journalist, InformationWeek,  12/22/2020
Register for InformationWeek Newsletters
Current Issue
2021 Top Enterprise IT Trends
We've identified the key trends that are poised to impact the IT landscape in 2021. Find out why they're important and how they will affect you.
White Papers
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Sponsored Video
Flash Poll