PeopleSoft is here to stay, your decision to keep it or evolve
November 03, 2017
PeopleSoft is here to stay, your decision to keep it or evolve
Score 7 out of 10
Vetted Review
Verified User
Overall Satisfaction with Oracle PeopleSoft HCM
[It's] Used companywide for people management, onboarding new employees, pay, and performance management. Also used for contractor management. Our HCM instance runs separately and connects to PeopleSoft Financial Services used by the finance department. Using version 9.1, which reached end of life and [we're] in process of deciding to upgrade or look for a new solution.
- Solid ERP, with a strong record for mid to large companies. Includes most required HCM and payroll business capabilities with good ratio cost versus functionality.
- Easy access to knowledge and availability of consultants to help evolve, upgrade, and manage. Oracle vision for support including C2C (customer to cloud).
- No more major upgrades after version 9.2, only incremental ones as per customer needs. Long term support policy from Oracle.
- Strong attachment from existing customers. Market analysis indicates significant number of clients choose to stay with PeopleSoft despite a significant list of new offerings in the HCM space.
- Not a user-friendly interface, it needs getting used to. Version 9.2 improved the user experience.
- Talent Management function is sub-optimal especially in the ability to create and revise descriptions, and flexible compensation systems (some functions need to be developed externally and integrated). Acquisition of Taleo by Oracle may indicate no plans to improve this further in PeopleSoft HCM.
- Oracle's roadmap for PeopleSoft needs to be better explained. Present communications created confusion related to future of PeopleSoft.
- It provided us with an integrated view of the workforce, simplified the implementation of formal performance reviews and associated workflows.
- Allowed us to keep the payroll in-house without significant investments or costs associated with outsourcing.
- Simple integration with PeopleSoft Finance allowed us to have one reduced support team for both. It also ensured availability of resources.