Plenty of PeopleSoft clients feared that Oracle’s takeover of
the company in December 2004 would force them to switch over to Oracle’s own
human capital management software. Their fears were allayed today, January 31,
by the release of PeopleSoft Enterprise Human Capital Management 9.0—the first
release since the acquisition.
According to analysts, Oracle’s original plan was to get
PeopleSoft’s users to migrate to the Oracle HCM. Even the name of Oracle’s
next-generation product, Fusion, makes clear that the company was hoping to move
all its clients onto a common platform. But in response to the unrelenting
concerns of PeopleSoft clients, Oracle announced a plan in May called
“Applications Unlimited.” This was a promise to not only maintain but develop
PeopleSoft applications (as well as JD Edwards and Siebel products) for the
foreseeable future. The release of PeopleSoft Enterprise Human Capital
Management 9.0 is a delivery on that Applications Unlimited promise.
What’s in the release
Oracle aimed for three major features in the 9.0 release:
improved talent management, streamlined business processes and ways for
customers to extend the value of their investment.
The talent management capabilities revolve around profile
management.
“A profile contains information about an employee such as
skills, competencies, accreditations and personal career goals—as well as the
attributes of a position to enable person-job matching,” says Tracy Martin,
Oracle’s senior director of human capital management product strategy. “It is
designed to work across different HR functions so data can be captured and used
in recruitment, performance management, training or any other area.”
A major challenge with profile databases is keeping them up
to date so PeopleSoft 9.0 enables employees to update their own profiles. These
profiles give managers easy access to information about the talent in the
organization. For example if an organization wants a Spanish-speaking engineer
with good performance ratings and an interest in overseas work, then the talent
management system can tell you if you have such a person somewhere in the
company.
To streamline business processes, version 9.0 is making
various procedures more configurable. A good example of this is SmartHire, which
allows companies to customize the hiring process for different jobs or different
parts of the organization. If restaurant managers typically need to replace
staff quickly, then the system can be configured to make the hiring procedures
simpler for them. Hiring templates can be pre-populated with data like cost
account, tax code and region, minimizing the hassle of entering a new hire into
the system.
When Oracle representatives speak about “extending the value
of your investment,” they mean finding ways to use the system to reduce costs.
One such innovation in version 9.0 is the use of XML Publisher to produce W2s so
that employees can refer to them online. It’s a self-service capability intended
to reduce calls to the payroll department and hence reduce costs.
What’s next
PeopleSoft customers will likely be glad to see the specific
enhancements in 9.0, but more than that, they are likely to feel reassured that
they won’t be forced to a jump to a new platform in the near future.
“Oracle is already working on plans for PeopleSoft releases
9.1 and 9.x,” according to Martin. “One thing to expect is for more of the
Fusion technologies, like XML Publisher, to continue to make their way into the
PeopleSoft applications.”
—David Creelman