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    Home Database
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    PeopleSoft Users Suffer From Takeover Tensions

    Written by

    eWEEK EDITORS
    Published August 1, 2004
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      The latest version of PeopleSofts supplier-relationship management tools is, in the words of one user, “damn good”; customers say the software provides access via a Web browser and is generally easier to use because it requires fewer clicks to place an order.

      But never mind that: The sword hanging over PeopleSofts head is an unwanted takeover attempt by Oracle, which extended its $7.7 billion offer to PeopleSoft shareholders through the end of August. The U.S. Department of Justice is trying to block the deal in federal court; a decision in the case is expected in September. PeopleSoft customers are particularly spooked at the prospect that Oracle would cease development of the PeopleSoft applications, even though Oracle claims it would continue supporting them for at least 10 years.

      Gwinnett County Public Schools is in the third year of a $40 million rollout of PeopleSoft financial, human-resources and supplier-relationship management software. “Weve made an investment, a huge investment, in the software and in implementing it,” says Jeff Weiler, chief financial officer of the Georgia school district. He says his team already evaluated Oracles products and found them inferior. “We had a chance to go with Oracle, and wed rather not end up with them by default,” he says.

      Larry Bastianelli, fiscal systems manager at Beth Israel Deaconess Medical Center in Boston, says PeopleSoft provides better tools and support for customizing its software than offerings from competitors: “With PeopleSoft, its not like, Take it or leave it,” he says. For example, the requisition-approval workflow in eProcurement provides only one level of approval. Bastianelli says the hospitals approval requirements are based on the dollar amount of the item being purchased and the buyers job role, and his team easily customized the software to fit that process.

      However, some say PeopleSoft needs to stitch its software modules together more tightly. Northwestern Memorial Hospital runs PeopleSoft 8.0 financial, human-resources and supply chain applications. When it deployed eProcurement in late 2002, the hospital had to write its own interfaces to translate data with the other PeopleSoft applications, says Lara Latham, director of materials management. “Its not plug-and-play,” she says. “PeopleSoft has some work to do.”

      Supplier Relationship Management

      Peoplesoft
      4460 Hacienda Dr.,
      Pleasanton, CA 94588
      (925) 225-3000
      www.peoplesoft.com/srm

      Ticker: PSFT (NADSAQ)

      Employees: 11,461

      Les Wyatt
      VP & General Manager, EnterpriseOne
      Former marketing chief at J.D. Edwards, acquired last year by PeopleSoft. He has also served in marketing roles at Harbinger and Texas Instruments.

      Patrick Quirk
      VP & General Manager, Supply Chain Management
      Formerly vice president of strategic accounts at i2 Technologies. He joined i2 when it acquired Aspect Development, where he led the launch of that companys supplier-relationship management product.

      Products
      SRM modules include eProcurement, which provides a Web portal to let employees purchase products and handles workflow for approvals, and eSupplier Connection, which gives suppliers “self-service” access to pending orders and information about inventory needs.

      Reference Checks

      State of Connecticut
      Jim Passier
      Mgr., Procurement
      (860) 713-5086
      Project: State employees in 65 agencies can order items from 30 catalogs hosted in eProcurement.

      Boise Cascade
      Mike Giusti
      Mgr., Procurement Enterprise Systems
      [email protected]
      (208) 384-6329
      Project: Paper and office-supplies company connects directly to 11 suppliers through eProcurement, which handles roughly 15% of all transactions to those suppliers.

      AGCO
      Jose Marrero
      VP, CIO
      [email protected]
      Project: Farm equipment maker uses eProcurement and eSupplier Connection at its Hesston, Kan., facility to submit orders to 200 suppliers, about 25% of its supply base in the Americas.

      Northwestern Memorial Hospital
      Lara Latham
      Dir., Materials Management
      [email protected]
      Project: Chicago hospital allows 1,000 users to order routine items like office supplies and medical stents via eProcurement.

      Beth Israel Deaconess Medical Center
      Larry Bastianelli
      Fiscal Systems Manager
      [email protected]
      Project: Using eProcurement to link to five suppliers Web sites to let workers order medical supplies, computer equipment and other products.

      Gwinnett County Public Schools
      Jeff Weiler
      CFO
      [email protected]
      Project: Georgia school district plans to connect to its top 15 suppliers through eSupplier Connection.
      Executives listed here are all users of PeopleSofts products. Their willingness to talk has been confirmed by Baseline.

      Peoplesoft Operating Results*

      2004YTD

      2003

      2002

      Revenue

      $1.29B

      $2.27B

      $1.95B

      Gross margin

      61.4%

      61.7%

      63.4 %

      Operating profit

      $47.25M

      $116.59M

      $252.64M

      Net profit

      $35.18M

      $85.04M

      $182.59M

      Net margin

      2.7%

      3.8%

      9.4%

      Earnings per share

      $0.10

      $0.25

      $0.59

      R&D expenditure

      $265.31M

      $433.01M

      $341.19M

      * Fiscal year ends Dec. 31; YTD reflects first six months
      Source: coMpany reports

      Other Financials**
      Total assets – $4.31B
      Stockholders equity – $2.98B
      Cash and equivalents – $542.47M
      Long-term debt – None
      Shares outstanding – 368.52M
      Market value as of 7/27 – $6.32B

      ** As of June 30, 2004, except as noted

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      eWEEK EDITORS
      eWEEK EDITORS
      eWeek editors publish top thought leaders and leading experts in emerging technology across a wide variety of Enterprise B2B sectors. Our focus is providing actionable information for today’s technology decision makers.

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