PeopleSoft and Lebanon's Byblos Bank S.A.L. have announced that they had signed an agreement to deploy the PeopleSoft 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 will deploy PeopleSoft Enterprise HCM to enable its bank managers to instantly assign assessments or training 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 expressed confidence that the solution will enable the bank to reduce costs, streamline operations, and empower bank managers, by providing them with unique 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,” said Liliane Nohra, human resources manager, Byblos Bank. “PeopleSoft’s Enterprise HCM will play a key role in helping us drive departmental results by aligning employee goals with organizational objectives, and automating processes throughout the company.”
“PeopleSoft’s software will support our modernization and development program, providing us with a proven human resource management and payroll application which will be available throughout the organization,” added Nohra.
Byblos Bank conducted an exhaustive evaluation of solutions from a range of international vendors, before opting for PeopleSoft Enterprise HCM solutions. Key factors that led to the Bank’s decision to select PeopleSoft included PeopleSoft’s experience in the banking sector and PeopleSoft Enterprise HCM’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,” said Jeffrey Read, managing director and vice president, EMEA Sales Distribution Group, PeopleSoft.
“PeopleSoft Enterprise has developed a leadership position by providing solutions for the banks that enable them to focus upon core business issues,” concluded Read.
