Peoplesoft plans to launch a raft of new products over the next twelve months in an attempt to boost slowing revenue growth into the millenium.
The move follows the enterprise resource planning (ERP) application vendor?s announcment of worse than expected fourth quarter financial results this week (see VNU Newswire, 29 January, 1999) and its decision to axe six per cent of its sales force.
Al Castino, Peoplesoft?s chief financial officer, said: ?Our strategy is to invest, invest and then invest some more for 2000 and beyond, in areas such as our analytical applications, industry specific products and ebusiness applications. Revenues from our ebusiness and analytical applications will possibly impact in the second half of this year.?
As a result, the firm expects to start shipping the first three of its Peoplesoft Business Network ecommerce packages by the second half of this year. These will comprise benefits, procurement and travel expenses, but others are due to follow by the start of next year.
Peoplesoft is also slated to deliver the second family of its analytical applications at the same time. These will include asset liability management for financial services and workbenches for the financial management and retail analyst communities.
But throughout 1999, users can additionally expect to see the release of a range of industry specific packages. These include Trimark?s policy administration software, a customer information application for the utilities industry, and a grants management package for higher education.
Momentum, the research and development arm that Peoplesoft spun out at the start of the year, is also investigating other areas of potential including a revenue contracts claims system for hospitals. Pricing for both the ecommerce and analytical packages will be based on user numbers.
Lastly, the supplier intends to ship version 8.0 of its core Peoplesoft applications in the first half of 2000. They will be rewritten into components, include a messaging capability that can be accessed over the Interent, provide HTML clients and Web reporting capabilities.
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