HHGP » Topics » Update on PeopleSoft

This excerpt taken from the HHGP 8-K filed Jul 26, 2007.

Update on PeopleSoft

Our work to stabilize the PeopleSoft system in North America was substantially complete by the end of the second quarter. We believe that greater stability in the PeopleSoft application has allowed us to achieve a steadier performance in North America, especially in terms of management reporting and financial operations. With this work completed, we expect to see an immediate cost reduction. In addition, we will start to address the costs presently in place to handle the manual work-arounds and back up procedures.

This excerpt taken from the HHGP 8-K filed May 3, 2007.

Update on PeopleSoft

Our work to improve the PeopleSoft system in North America remains on schedule and on budget. During the first quarter, we benefited from some of the anticipated improvements, such as more timely management reporting and efficiencies in the back office. We believe that greater stability in the PeopleSoft application has allowed us to maintain a steadier performance in North America.

This excerpt taken from the HHGP 8-K filed Feb 8, 2007.

Update on PeopleSoft

During the second quarter of 2006, the company engaged Oracle, the parent of PeopleSoft, to perform an external review and assessment of its Hudson North America installation of PeopleSoft. The assessment phase was completed in the third quarter. The implementation phase began last quarter and is expected to continue through the middle of 2007. This work remains on schedule and on budget. We expect that this work will produce more timely management reporting, further efficiencies in the back office, improvements in customer interaction and ultimately lower quarterly maintenance costs.

This excerpt taken from the HHGP 8-K filed Nov 1, 2006.

Update on PeopleSoft

The company engaged Oracle, the parent of PeopleSoft, to perform an external review and assessment of its Hudson North America installation of PeopleSoft. The assessment phase was completed in the third quarter. The implementation phase has commenced and is expected to continue for approximately three more quarters, through the middle of 2007. The estimated cost for this work is about $4 million in total, a portion of which is expected to be capitalized. We expect that this work will produce faster management reporting, further efficiencies in the back office, improvements in customer interaction, and ultimately lower quarterly maintenance costs. Inclusive of this work, the company expects its total spending on the system to remain at approximately $2 million per quarter through the second quarter of 2007. This is similar to the amount discussed in the past few quarters, and is split between remediation work on the system and resources to perform manual workarounds. The work now being performed by Oracle will replace the previous spending on remediation, and the work of the additional resource for the manual processes will continue until the remediation work is complete. By the end of this nine-month period, we expect that the costs of the Oracle work will end and the spending on the manual work will be cut in half. We believe that this work is a good and well-planned investment in achieving a sustainable process and improved economics.

This excerpt taken from the HHGP 8-K filed Aug 8, 2006.

Update on PeopleSoft

Regarding our work on the PeopleSoft system in Hudson North America, we have engaged Oracle, the parent of PeopleSoft, to perform this review. The work will be done in two phases. The first is a four-week assessment phase to determine the right steps to take to improve the effectiveness of the system. This will be accomplished at modest cost. Oracle has established a good process for this first phase, and it includes both our key operating personnel and Oracle’s technical experts. They are about half way through this assessment. The second phase will implement the recommendations of the first phase. We believe this work will be beneficial to our operating efficiencies. We will continue to provide updates on this progress.

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