The company becomes the first human resources application vendor for the IBM initiative, which is designed to offer a broad set of intranet-based collaborative technologies such as e-learning and instant messaging to help companies reduce costs.
"It does open up their marketplace to us," said Bill Hewitt, PeopleSoft vice-president of product and industry marketing. "We are joint selling. It's a way for us to expand our footprint in the worldwide market."
PeopleSoft also announced a global solution for the staffing industry, a risk management solution, and an expansion of its global payroll solutions. All of the announcements were made at the PeopleSoft Connect 2002 EMEA conference in Paris.
The PeopleSoft product for staffing is an integrated end-to-end solution designed to manage clients, employees, job orders, and billing within a single centralised data source.
The risk management solution is designed to allow companies to meet the requirements of the Basel Capital Accord (Basel II), to which every bank in Europe must comply by 2006. Enterprise Performance Management 8.8 will feature risk management capabilities to allow banks to measure the full spectrum of risk types, including credit and operational risk, more easily.
Finally, PeopleSoft announced the expansion of its geographic capabilities for global payroll to include the Netherlands, Malaysia, New Zealand, Singapore, India and Brazil.