What Is Oracle PeopleSoft Enterprise?
Oracle Peoplesoft Enterprise is a software suite that provides an enterprise resource planning (ERP) solution for businesses and organizations. Unlike many ERP systems, PeopleSoft also allows customers to use just a few chosen modules or apps from the software suite. PeopleSoft enables this type of flexibility through their Integration Broker functionality that streamlines Oracle apps and third-party systems within the ERP database. Initially, PeopleSoft began as a human resource management system (HRMS) before the company expanded into financial, supply chain management, and enterprise performance management solutions. This eventually led to Oracle completing an acquisition of PeopleSoft in 2005.
What Is included in Oracle PeopleSoft Enterprise?
A wide range of software products make up the Oracle PeopleSoft Enterprise ecosystem, beginning with human capital management. This solution also supports financial management, procurement and supplier management, orders and inventory management, asset lifecycle management, project portfolio management, and campus solutions. PeopleSoft applications offer analytics and reporting that can be accessed in real time.
A considerable variety of modules, features, tools, and functionalities can be a part of a PeopleSoft enterprise deployment. Oracle continually develops and implements new features for this enterprise software system, with the option of integrating add-ons and third-party apps through their integration tools.
Benefits of Using Oracle PeopleSoft Enterprise
The main benefit of deploying best-fit enterprise software revolves around companies securing a strong return on their software investment. This can be achieved in many different ways. Generally, companies that use Oracle PeopleSoft Enterprise software expect to become more efficient and productive after implementing the solution. Businesses that migrate to PeopleSoft solutions can unify their systems and data into a streamlined ERP that provides visibility into all company departments. A central ERP system also supports better collaboration and improved business processes. Companies from different sectors and verticals use Oracle PeopleSoft Enterprise, resulting in some benefits that will be industry specific.
Oracle PeopleSoft Enterprise Pricing
The list price for Oracle PeopleSoft Enterprise includes the component license price and a separate fee for software upgrade license and support costs. Prices are broken down according to apps and tools that make up each software module. For example, the absence management tool within the human capital management module costs $52 per month per employee for the license and $11.44 per month per employee for updates and support. In this case, the minimum number of employees includes every staff member. However, for the order management app within the SCM module, there’s a minimum of five user licenses required. Some apps and tools will cost thousands of dollars per user, which makes it worth your while to determine your exact business requirements before attempting to figure out a quote based on the list price.
Oracle PeopleSoft Enterprise Comparison
Oracle PeopleSoft ERP is among the top solutions on the market, especially for companies that require an enterprise solution with strong HCM capabilities. Their main competitors tend to be SAP and Microsoft, with vendors such as ADP, Sage, Unit4, and Infor growing as direct challengers on the market.
Oracle PeopleSoft Enterprise Reviews
Oracle PeopleSoft is one of the more well-reviewed enterprise systems on user opinion sites, with hundreds of verified reviews through sites such as Garnter PeerInsights and Capterra. Oracle’s cloud HCM capabilities have been rated as a leader in the annual Gartner Magic Quadrant report on the enterprise software market.