Enterprise Resource Planning Systems or (ERPs) software integrates core processes within a company under a unified dashboard. Conventionally, these systems were used primarily by large, global multinational companies since they were too expensive to run and had to have a dedicated IT infrastructure handling their deployment and maintenance.
Although today, ERPs are increasingly being used by smaller organizations across many industries, especially since the introduction of cloud ERP. While these systems may not be practical for the smallest of companies, many small to midsize businesses (SMBs) have adopted ERP systems.
Before we jump into learning about Oracle Peoplesoft ERP, let’s look into why companies switch to an ERP. Technology today evolves rapidly, this may be great for the world it could be a burden for businesses. How? The problem is with legacy enterprise systems that no longer support growth or may even become a hurdle. Moreover, the cost of upgrading systems is high and at some point old systems become redundant.
It is advantageous to look for software solutions that are agile and helps your business scale fast operationally. This is where an ERP comes into the picture. This modern, cloud-based and integrated solution leverages a range of tools such as machine learning, data analytics, and comprehensive cloud capabilities to turn your business information into business intelligence.
ERP solutions essentially offer a flexible, adaptable, and scalable solution. With an ERP you can manage your business operations end-to-end but also provide exceptional service to your customers. You can also track your production, suppliers, demand channels, and other significant business areas.
With an ERP system, you can identify and generate growth opportunities ensuring overall business and customer success.
We go in-depth about exploring the Oracle PeopleSoft ERP System; its pricing, industry modules, tech-specs, and its implementation. If you’re a finance manager, entrepreneur, operational head, or any key decision-maker in the market for an ERP, this article is for you.
What is Oracle Peoplesoft ERP?
PeopleSoft is an e-business software product line owned by Oracle. PeopleSoft initially offered human resources and finance applications. Over the last decade, it has added tools and cloud-based applications for general business processes, such as materials management, and applications for specific industries, such as the automotive, manufacturing communications, and higher-education fields include distribution.
Today, Oracle PeopleSoft ERP software assists in the everyday execution of business operations on all verticals. It includes customer relationship management (CRM), human resource management (HRM), supply chain management (SCM), financial management (FM), and enterprise performance management (EPM).
Who Can Use Oracle PeopleSoft ERP?
The target market for Oracle PeopleSoft ERP is far-reaching. Oracle PeopleSoft serves many different industries and verticals, including government, finance, manufacturing, distribution, and healthcare.
Below is a partial list of customers that use Oracle PeopleSoft.
- Agricultores Federados Argentinos S.C.L
- BMI Healthcare
- Dow Chemical Company
- Griffith University
- ICF Habitat
- Los Rios Community College
- Ohio State University
- Stanford Children’s Health
- Tsinghua University of Economics and Management
- University of California, Berkeley
Oracle PeopleSoft System provides full functionality for small and medium-sized businesses and enterprise-level organizations.
Some of its essential features include:
The Global Core HCM module provides a company directory, self-service functionality for all users. It also offers real-time analytical tools and multi-national support for companies with locations in multiple countries.
- Employee Benefits.
- A payroll solution across countries for employees.
- Pension administration system.
- Payroll interface for integrating with third-party payroll systems.
The workforce management module assists organizations in managing their workforce to manage their labor expenses. Some of these applications include:
- Time and labor (the mobile ability for clocking in/clocking out)
- Absence Management (PeopleSoft integrates with Outlook so workers can handle their sick leave via their Outlook calendar/email)
- Resource management
- Travel and expense management system.
The Talent Management module presents applications that vary from recruiting to succession planning. Some of those applications include:
- Stimulus compensation
- Enterprise training management
- Succession planning
- Services acquisition
- Tutor (provides manuals and other tools to help employees with their job roles)
There are plenty of other features in the Oracle PeopleSoft suite you can check the whole list here.
What are Oracle PeopleSoft modules?
Oracle PeopleSoft ERP solution integrates human capital management (HCM), financial management, supplier relationship management, enterprise services automation, supply chain management, and campus solutions modules.
There are five modules within the PeopleSoft HCM. They are:
- Global Core HCM
- Workforce management
- In-memory labor rules and monitoring
- Workforce service delivery
- Talent management
To know more information about the ERP continue to read below. The modules are purchased individually although they all integrate together to form a complete suite.
Using Oracle PeopleSoft ERP Solution?
To hit the ground running with the Oracle ERP solution, there are many resources available online. Oracle PeopleSoft ERP solutions is a powerful ERP product that has great community support.
Of course, if you want to utilize the ERP to its full potential, learning will be essential. Below are some resources that you can use to master the Oracle PeopleSoft ERP Solution:
- Official Oracle PeopleSoft ERP Solution guide here;
- Official Oracle PeopleSoft ERP Solution community resources here;
- Official Oracle PeopleSoft ERP Solution blog platform.
Comparing Oracle PeopleSoft ERP To Other ERP Solutions?
Are you still wondering whether Oracle PeopleSoft ERP Solution is the right ERP solution for your business?
Oracle PeopleSoft ERP distinguishes itself against other ERPs such as SAP or Infor on the number of purposes and features related to Human Resources that are supported out of the box, holding 31 more of the rated decision criteria.
For Human Resource:
Oracle PeopleSoft ERP also supports more Human Resources uses and features natively than does Acumatica and Epicor P21 but only marginally, less than 1%.
For Manufacturing & Inventory Management:
Other ERPs such as SAP B1 and Infor ERP take precedence as they are more powerful than Oracle PeopleSoft ERP on support for ERP functions and features related to Manufacturing & Inventory Management.
Why don’t you check out what the users have to say about the Oracle PeopleSoft ERP Solution on some of the few review sites? To further ease your decision-making you can compare sites like Capterra or G2 to measure Oracle PeopleSoft ERP to other ERP solutions by industry, ratings, customer views, pricing, organization size, features, and more.
Oracle PeopleSoft ERP Solution Pricing
Oracle has comprehensive pricing information available publicly. You can visit here to know more about the specific module and overall costs of the ERP.
For custom inquiries, you can contact the vendor here.
How Long Does It Take To Deploy Oracle PeopleSoft ERP System?
It depends on several factors.
The extent of the deployment, the complexity of the topology/verticals, and the capacity of the database. A conventional PUM environment that deploys on an individual ERP is typically created in less than one hour.
You can visit the Oracle PeopleSoft ERPs FAQs page here to flesh out other inquiries.
How To Integrate PeopleSoft ERP Into Your Business?
By using an integration platform as a service you can integrate Oracle PeopleSoft ERP Solution into your existing business.
You can use the Cloras integration platform. Here you can integrate and expand the capability of your PeopleSoft ERP solution by other key applications such as (CRM, SCM, E-commerce Marketplace, and Third-Party Integration) Use this comprehensive guide to learn how to integrate the Oracle PeopleSoft ERP Solution into your business.
Cloras Cloud Connector delivers a paradigm shift in revenue by synchronizing the PeopleSoft ERP solution with all front-end and back-end systems. Alongside higher productivity and benefits, you can also gain an advantage over your competition by ensuring these data points are integrated with PeopleSoft ERP. With CLORAS pre-built connectors, me sync in a whisker.
Cloras already provides a pre-built package that integrates all these data points. It is also a GDPR compliant platform that ensures the complete security of your data through encrypted transactions and SSL certifications. Additionally, the Cloras platform provides you best-in-class UI and UX, with drag and drop features and minimal coding effort.
The chief advantage of the Oracle PeopleSoft ERP solution is that this enterprise software revolves around companies ensuring a strong return on their software investment.
Generally, businesses that use Oracle PeopleSoft ERP solution expect to become more effective and efficient after implementing the solution. Businesses that switch to PeopleSoft solutions can consolidate their systems and data into a modernized ERP that provides discernibility into all company divisions across all verticals. A central ERP system also underpins better collaboration and advanced business processes.
Organizations from different sectors and verticals use Oracle PeopleSoft ERP, resulting in some benefits that will be industry-specific.
The only shortcoming we believe is associated with its size. Comparable to the Oracle HCM Cloud Solution, Oracle PeopleSoft ERP Solution is not intended for companies with less than 500 employees ideally.
Another notable factor is that the last significant software upgrade was in 2013, so some of the features may be dated – for example, some users have informed that the user interface looks dull.
Overall it’s a solid ERP solution if you require a robust solution for human capital management with an organization size of +500 employees.
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