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2019-03-19T11:24:00Z
Julia Frohwein - PeerSpot reviewer
Senior Director of Delivery at PeerSpot (formerly IT Central Station)
  • 0
  • 28

What is your experience regarding pricing and costs for PeopleSoft?

Hi,

We all know it's really hard to get good pricing and cost information.

Please share what you can so you can help your peers.

14
PeerSpot user
14 Answers
Moses NYOTA - PeerSpot reviewer
Senior Software and Cloud Engineer at Velocis Technologies LLC
Real User
Top 5Leaderboard
2022-07-19T13:49:53Z
19 July 22

This solution offers annual licensing. We pay per user.

Kumar Madhur - PeerSpot reviewer
Service Delivery Project Manager at HCL Technologies
Real User
Top 5Leaderboard
2022-04-07T14:18:58Z
07 April 22

Annual subscriptions are offered from a pricing perspective.

AnkurAshok - PeerSpot reviewer
Senior Manager - Retail Sales at Tata Consultancy
Real User
Top 5Leaderboard
2022-01-26T14:55:00Z
26 January 22

I would consider this to be an expensive product, but the quality justifies it.

Krishna AB - PeerSpot reviewer
Business/Systems Analyst at a manufacturing company with 201-500 employees
Real User
Top 20
2021-12-10T19:35:06Z
10 December 21

This is one of the cheapest solutions available, and it's also one of the best.

Gustavo Gutiérrez - PeerSpot reviewer
Consultant Peoplesoft at NYS Consultoria
Real User
Top 5Leaderboard
2021-11-01T19:55:51Z
01 November 21

The main issue we have with the solution is that it is very expensive. This is an issue when it comes to tabulating the many tariffs which exist in Mexico. The calculating of the taxes in Mexico is an issue which many companies face, as this must be done every two weeks.

PB
HR/Pay Systems Administrator/Director at a university with 10,001+ employees
MSP
Top 20
2021-10-04T17:40:05Z
04 October 21

We are a University and the cost and license are negotiated privately.

Learn what your peers think about PeopleSoft. Get advice and tips from experienced pros sharing their opinions. Updated: September 2022.
635,162 professionals have used our research since 2012.
AH
IT Strategy and Innovation Director at a insurance company with 10,001+ employees
Real User
Top 20
2021-06-15T20:56:19Z
15 June 21

Oracle doesn't charge us for all of our customization's but we have an in-house development team that does the customization.

DA
Vice President - Enterprise Applications at a computer software company with 1,001-5,000 employees
Real User
Top 20
2021-06-04T10:41:09Z
04 June 21

This solution offers a perpetual license. While I cannot compare the solution directly to others on the market, I can say that it would be ideal if the pricing was a bit less.

Ather Khan - PeerSpot reviewer
Head Of Risk Management at a financial services firm with 11-50 employees
Real User
Top 20
2020-11-05T12:31:17Z
05 November 20

There are no additional costs for licensing.

MT
Functional Consultant at DXC
Real User
Top 20
2019-11-13T05:28:00Z
13 November 19

I don't know if they are still providing licenses or if they have suspended licenses.

it_user1214406 - PeerSpot reviewer
IT Consultant at a tech services company with 51-200 employees
Consultant
2019-11-04T06:15:00Z
04 November 19

We pay a yearly licensing fee.

Ravinder Ahluwalia - PeerSpot reviewer
Independent Peoplesoft Consultant at Asoft Management Consulting Inc
Real User
Top 20
2019-10-28T06:33:00Z
28 October 19

The licensing cost for PeopleSoft is 3,500 per course and the annual subscription fee is 6,500. That is rather expensive. I am not sure, but I believe there are some hidden costs.

UshaKatyal - PeerSpot reviewer
Owner at kaydex systems ltd
Real User
2019-10-24T04:52:00Z
24 October 19

The licensing depends on the number of people using it. The fees are based on the number of users you have and the number of features or options you require. They can sell it based on the population. For example, if you have five thousand users they will charge a base amount per user. It's approximately $3,000,000 to $4,000,000 USD per year. It also depends on the size of your company. If your company is small then you can take a different licensing, such as a constant number. Or, if your company is growing and is dynamic then you would select the license for the number of users and the features you require. It comes in bundles for HCM, which has HR, benefits, payroll, and time and labor. Whether you use all of these features or not, it's there for you. To obtain a certified license as a consultant it will cost you a few thousand dollars. I don't believe in the licensing process. I was on a plane once and a woman was sitting next to me and she was completing her license online but she was on the phone asking her boyfriend for the answers to the questions asked. This is not a trustworthy or reliable way to obtain a license. They also have a separate license for contract management, for people who do contract payroll.

Krishna AB - PeerSpot reviewer
Business/Systems Analyst at a manufacturing company with 201-500 employees
Real User
Top 20
2019-03-19T11:24:00Z
19 March 19

If the organization has complex needs that require constant changes based on business changes and has a solid IT department, there might not be a better solution than PeopleSoft. If the organization wants to quickly get up to speed and more money, they can look into the other hosted solution and assume not too many changes after you implement. Setup costs may be the biggest cost component, and you need to assemble with experienced people with the product or right consulting company to reduce the costs and time duration. Might be a good idea to go in phases — first with HR and keep working in parallel with other modules rather than big-bang with all modules when the organization does not understand the product that well.

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Although both are solutions to manage HR, their differences make each one suitable for different companies. Oracle Cloud HCM is a platform for connecting all human resource processes in your organization, from hiring to retirement. You can apply it to local or global operations, and it helps manage your workforce and payroll. It works under a single connected cloud, integrating Human Capital Management across departments, including supply chain and finance. One of the advantages of using Oracle Cloud is that it centralizes all our HR in a single solution. This saves time and costs and improves efficiency. The setup is very simple, and you don’t need a lot of training to manage the platform. While the central admin panel is great, the user interface could use some improvement. The main downside, I would say, is the price. It has a high price tag for a small business. Also, it lacks enough customization options. Oracle PeopleSoft HCM is a complete and customizable suite that includes workforce management, human capital management, and more. In a way, PeopleSoft HCM is a step above Oracle Cloud, and you can integrate it. The vast number of functions and customization options make it a bit of an overkill for small- or medium-sized businesses. PeopleSoft can be a great solution for larger organizations because its features can handle complex business processes. You can leverage PeopleSoft for reporting, workforce administration, work lists reporting components, and recruiting tools. The downsides of PeopleSoft include having a bit of an outdated UI, and we would also prefer if it had mobile alerts. Conclusions PeopleSoft is an enterprise-grade HCM solution, so it is better suited for large organizations or ones with complex human resources environments. Oracle Cloud HCM might be a better fit for medium and small organizations, despite the high price tag.
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