Oracle’s PeopleSoft enterprise resource planning (ERP) platform delivers end-to-end business process management in a user-friendly interface that “excels at human capital management.”
According to Oracle, PeopleSoft’s applications are designed to “provide comprehensive business and industry solutions, enabling organizations to increase productivity, accelerate business performance and provide a lower cost of ownership.”
Originally developed for human management and financials, PeopleSoft ERP has evolved into a platform that features a range of applications to support operations in a more general sense. PeopleSoft ERP’s platforms include Human Resources Management Systems (HRMS), a Customer Relationship Management (CRM) platform, Financial and Supply Chains Management (FSCM) platform, and an Enterprise Performance Management (EPM) interface.
PeopleSoft is a modular system, with each of its five modules sold separately. This allows users to achieve a custom ERP solution that is cost-effective and streamlined to feature only the tools that the organization needs to find success.
PeopleSoft ERP Human Resources Management Systems (HRMS)
PeopleSoft ERP software includes a human resources management system (HRMS). Payroll management is one of the featured functionalities of this interface, but it also includes a variety of HR-related tools. These include applicant screening and interview scheduling and hiring process monitoring.
PeopleSoft Customer Relationship Management (CRM)
The PeopleSoft ERP customer relationship management (CRM) interface is designed with a company’s sales and marketing divisions in mind.
PeopleSoft’s CRM application is made more powerful by its data analytics, which are gathered from various regions of the ERP platform to include customer data, sales metrics, marketing data, eCommerce insights, and so on. This is some of the data that can be visualized via PeopleSoft’s Kibana Analytics.
PeopleSoft Enterprise Performance Management (EPM)
The PeopleSoft Enterprise Performance Management (EPM) interface is centered around report generation and operations planning. Administrators are empowered to run reports on a variety of processes and projects, generating data that can be used to streamline operations.
For example, report data for a new project may reveal that the current schedule is proceeding at a slow pace. The metrics reveal that a faster pace would be more beneficial. The project schedule is adjusted as a result, leading to a more positive outcome. That’s just one example of how the PeopleSoft EPM can be leveraged to streamline business processes.
PeopleSoft Financial and Supply Chain Management (FSCM)
The PeopleSoft ERP Financial and Supply Chain Management (FSCM) application is a useful tool for managing even the most complex supply chains and associated financials.
The supply chain management region of this platform is outfitted with a number of features that include:
- Time tracking and related reports;
- Project balance management capabilities;
- Project timeframe monitoring and adjustment tools; and
- Supplier evaluation and tracking tools.
PeopleSoft Kibana Analytics
The PeopleSoft ERP platform includes the Kibana analytics software designed to provide data visualizations that can be leveraged to inform business decisions.
Raw data is difficult to process, making this valuable information of limited use. Enter data visualization with PeopleSoft’s Kibana analytics, which processes the data and renders charts, tables, and other visualizations that are easy to understand and absorb at a glance. This transforms meaningless lines of numbers into actionable data that business leaders can leverage to guide their decisions and lead with confidence.
Additionally, PeopleSoft analytics can be custom-tailored to suit a user’s preferences. That makes these data visualizations even more powerful.
ERP platforms are especially effective in the realm of analytics because all of a company’s data is centralized in a single interface. PeopleSoft ERP pulls data from all regions of its systems, generating comprehensive visualizations that would simply not be possible in the case of multiple disparate software platforms.
The PeopleSoft ERP platform includes a payroll platform, which includes the ability to integrate with the PeopleSoft HRMS interface. This full-featured application includes a variety of features such as:
- Tools to manage payroll and expenditures;
- Direct deposit management tools;
- HR-related functions such as tracking paid time off, vacation time, etc.; and
- Tax-related tools and information.
Additional Oracle PeopleSoft ERP Products
Oracle’s PeopleSoft ERP interface also accommodates a variety of other “products” that round out the enterprise resource planning interface. They include the following:
- Financial Management;
- Human Capital Management;
- Orders and Inventory Management;
- Procurement and Supplier Management;
- Asset Lifecycle Management;
- Campus Solutions;
- Project Portfolio Management; and
- PeopleTools and Technology.
The PeopleSoft human capital management (HCM) platform is among the more robust features. There are five modules within this region of the interface including workforce management, talent management, global core human capital management, workforce service delivery, and labor rules and monitoring.
PeopleSoft’s talent management interface is designed with recruiters in mind. This application includes many different tools such as enterprise training management features, recruiting and succession planning tools, and functionalities related to eDevelopment, ePerformance, and eCompensation.
There is also a workforce management platform designed with resource management in mind. Users can track man hours, time off, sick days, vacation days, and travel expenses, among other things. PeopleSoft’s workforce management tool also integrates with Outlook where staff can document time off and sick days. This allows staff to manage employees more effectively, translating into better operational efficiency and productivity.
PeopleSoft ERP vs NetSuite ERP
The features and functionalities of NetSuite ERP platform are often compared to PeopleSoft ERP since both are Oracle platforms. PeopleSoft ERP is typically described as a simplified version of NetSuite enterprise resource planning platform, although there are a number of areas where reviewers say that PeopleSoft excels. This includes financials, inventory management, purchase management, and HR, among others.
Both ERP platforms offer many benefits to startups, small businesses, mid-size enterprises, and large businesses. Hiring an experienced ERP professional will well-position your business leaders in determining which ERP solution is most suitable for their business and its objectives.
Finding the Right ERP Platform for Your Needs
At Cox-Little, our ERP experts have deployed enterprise resource management platforms for organizations of all sizes, including PeopleSoft ERP. Our experienced ERP consultants will get to know your business, positioning our team to guide you toward the best enterprise resource planning solution for your needs. Contact Cox-Little today to learn more about PeopleSoft ERP and other enterprise resource planning solutions.