What Is PeopleSoft?

PeopleSoft is a suite of computer software applications concerned with human-capital management, financial management, supplier-relationship management, supply chain management and enterprise-services automation. The software integrates these functions into a user-friendly program based on a consumer-based Internet experience. PeopleSoft began as its own company in the 1980s and was acquired by Oracle Corporation in 2005. Oracle continued the PeopleSoft name in one of its product lines.

Oracle's PeopleSoft Human Capital Management software enables the user to manage global human resources data efficiently through a common data model and multinational-data formats. The user has online access to each employee's role, experience, language and operational requirements. This software supplies managers with a central place to make human resources decisions and address an individual employee's circumstances.

The PeopleSoft Financial Management software package reduces business costs by automating, centralizing and standardizing global transactional processes.The software provides a centralized system where all the financial-related data can be brought together for financial analytics, reporting and management of assets.

The PeopleSoft Supplier Relationship Management suite integrates procurement applications related to the purchasing of goods and services and supply management. The software is used to streamline procure-to-pay processes, drive policy compliance, manage contracts and vendors, and reduce spending overall.