University of Vermont Selects
PeopleSoft Enterprise Solutions; New Solutions to Deliver up to $6.3
Million in Annual Savings
October 19, 2004 6:01 a.m.
DENVER--(BUSINESS WIRE)--Oct. 19, 2004--Today at EDUCAUSE 2004,
PeopleSoft, Inc. (Nasdaq:PSFT) announced that the University of Vermont
(UVM) selected PeopleSoft's industry-leading solutions, including
PeopleSoft(R) Enterprise Human Capital Management, PeopleSoft
Enterprise Supply Chain Management and PeopleSoft Enterprise Financial
Management. The applications will replace the university's 20-year-old
mainframe system and will better align business processes across the
University.
"After an intensive evaluation and bidding process that included SAP
and Oracle, PeopleSoft emerged as the clear choice to overhaul our
current system," said J. Michael Gower, vice president for finance and
administration at UVM. "PeopleSoft solutions will not only move us
forward into the 21st century but will also save us an estimated $6.3
million a year."
PeopleSoft's industry-leading solutions will replace the university's
legacy human resources and financial applications, including
accounting, purchasing, payroll and benefits. The new solutions will
streamline business processes and provide university officials greater
visibility into the school's financial data, allowing them to track
business transactions more accurately and efficiently. In addition,
PeopleSoft Enterprise Purchasing will enable the University to manage
purchasing activities online, and streamline the procurement process
with automated workflow approvals, electronic commerce, email,
automatic faxing and electronic catalogs. With the implementation of
PeopleSoft Enterprise Purchasing, UVM expects to save up to $2.5
million a year in purchasing costs alone.
"The University of Vermont has joined a growing number of universities
that are focused on improving their business processes to provide
higher levels of service for their faculty, students and staff," said
Kevin Horigan, group vice president and general manager, PeopleSoft
Public Services. "PeopleSoft's industry-leading enterprise products
will streamline administrative processes at UVM, allowing the school to
realize significant cost savings."
PeopleSoft has over 730 Higher Education customers among its 1,700
public services customers that include governments, schools, and
healthcare organizations. The company is the leading provider of human
capital management (HCM) solutions to public service organizations
worldwide, including the U.S. federal government. PeopleSoft is also a
leading provider of enterprise solutions, including HCM, Financial
Management (FM), Customer Relationship Management (CRM), Supply Chain
Management (SCM) and Campus solutions to U.S. state governments,
colleges and universities around the world. For more information go to:
http://www.peoplesoft.com/corp/en/products/industry/index.jsp.
About PeopleSoft Global Services
PeopleSoft Global Services provides worldwide consulting, education and
hosting services to enable customers to achieve unparalleled product
performance and satisfaction throughout the lifecycle of PeopleSoft
software. PeopleSoft Global Services has more than 4,000 professionals
in 150 countries to ensure project success and maximize customers'
return on their PeopleSoft investment.
About PeopleSoft
PeopleSoft (Nasdaq: PSFT) is the world's second largest provider of
enterprise application software with 12,400 customers in more than 25
industries and 150 countries. For more information, visit us at
www.peoplesoft.com.
PeopleSoft is a registered trademark of PeopleSoft, Inc. All other
company and product names may be trademarks of their respective owners.
Copyright (C) 2003 PeopleSoft, Inc. All rights reserved.
CONTACT: PeopleSoft, Inc.
Katie Barron, 301-571-5861 (Media)
katie_barron@peoplesoft.com
or
Porter Novelli
Savitha Rao, 202-973-2936 (Media)
savitha.rao@porternovelli.com
KEYWORD: CALIFORNIA COLORADO VERMONT
INDUSTRY KEYWORD: EDUCATION SOFTWARE BANKING HUMAN
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SOURCE: PeopleSoft, Inc.
Copyright Business Wire 2004