Byblos and PeopleSoft ink deal

The new solution will enable HR managers to align tactical personnel activities to the company’s strategic goals and focus on value-added HR functions such as performance management and training.

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By  Angela Prasad Published  December 13, 2004

Lebanon-based Byblos Bank and PeopleSoft have signed an agreement to deploy the vendor’s enterprise human capital management (HCM) solutions across its branches in Lebanon and affiliated offices around the world. The deployment of PeopleSoft HCM is one of Byblos Bank’s key initiatives to upgrade its technology infrastructure and empower is human resources function with an advanced and flexible solution. Byblos says the solution will enable its bank managers to instantly assign assessments or train and manage resource allocation online, in real time across 70 branches within Lebanon. In addition, the solution will enable HR managers to align tactical personnel activities to the company’s strategic goals and focus on value-added HR functions such as performance management and training. Executives at the bank have expressed confidence the solution will enable the financial institute to reduce costs, streamline operations and empower bank managers by providing them with workforce performance management functionality and self-service tools. “Byblos Bank is currently expanding our business, and we needed a solution that can help managers and employees adapt to that change,” says Liliane Nohra, human resources manager at Byblos Bank. “PeopleSoft’s Enterprise HCM will play a key role in helping us drive departmental results by aligning employee goals with organisational objectives, and automating processes throughout the company.” The bank conducted an evaluation of solutions from a range of vendors prior to deciding to work with PeopleSoft. Key factors that led to the bank’s decision to select PeopleSoft include the vendor’s experience in the banking sector and its solution’s comprehensive human resources functionality. “Banks throughout the Middle East are dealing with the changes brought about by deregulation, expansion of the financial services sector, and increasing competition. This sector requires flexible technology platforms to help them manage that change,” says Jeffrey Read, managing director and vice president at EMEA sales distribution group, PeopleSoft.

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