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PeopleSoft adds settlement apps

Published on .

Pleasanton, Calif.--PeopleSoft, which produces and markets the so-called enterprise resource planning applications used to run the financial aspects of big business, said this week that it will deliver a series of applications designed to settle transactions on marketplaces. Dubbed PeopleSoft MarketPay, and scheduled for release by April, the product is designed to give the company an edge over Oracle Corp., SAP and other ERP vendors, who have yet to deliver settlement applications for Web trading, according to AMR Research. PeopleSoft said it would also deliver a set of applications that handle global trading issues, such as currency exchange, language conversion and trade issues, but did not set a release date.
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