Peoplesoft previewed version 7.5 of its applications at its user conference in Boston this week, only weeks after launching version 7.0.
The suite, which includes Human Resources, Financials, Distribution and Manufacturing, will include long awaited international features such as support for UK English, French, German, Japanese, Dutch and Portugese languages.
As a first move to supporting European Monetary Union (EMU), the Financials module will also be able to automatically convert transactions in accounts payable and receivable.
But, version 7.5 of Peoplesoft will also include new industry-specific packages for vertical markets, which are due in the first half of next year.
These comprise European Payroll, which will eventually be available in a range of languages, and will enable users to deal with payroll in multinational and multicurrency environments. It will initially ship in French, German and English.
Other packages include Demand Planning, which enables users to collaborate across different departments and with supply chain partners by offering integrated forecasting and supply planning features.
Treasury is intended to make cash and risk management easier, while Expenses is aimed at multinationals wanting to manage employees' expenses and speed up reimbursement.
Peoplesoft is also co-developing a new Performance Management application with management consultancy KPMG, to help companies track internal performance for strategic and operational management purposes. This is due to ship in the second quarter of next year.
The company additionally announced that it would release its implementation toolset, Direct Path, with the beta version of 7.5. Direct Path provides users with templates, intended to reduce the time it takes to implement the software suite.
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