PeopleSoft Pricing

HarishMahanta - PeerSpot reviewer
Sr PeopleSoft Consultant at People Tech

We have 108 clients, and they are using it in a shared service model in the cloud. We provide space based on the number of images, instances, and users, and billing takes place accordingly. It is implemented as part of a shared services model in our organization. Before this, when it was used locally, the product cost was fixed.

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JorgeMartinez2 - PeerSpot reviewer
Director of Information Systems at Knight Foundation
UK
Owner at kaydex systems ltd

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.

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Buyer's Guide
PeopleSoft
March 2024
Learn what your peers think about PeopleSoft. Get advice and tips from experienced pros sharing their opinions. Updated: March 2024.
767,847 professionals have used our research since 2012.
HD
Manager- Process Excellence at Datamatics Business Solutions

If the solution is cheaper or not doesn't matter if it is going to give you a good benefit or profit. If it is good to improve gross margin, it will be taken by the company. The price doesn't matter. What matters is how impactful the solution is to your business and how much it will grow your business. In short, how much cost savings it brings to the business matters.

Mostly yearly payments are to be made toward licensing costs. It is not much of an expensive solution. Also, there are no extra costs in addition to the standard licensing.

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Douglas Gray - PeerSpot reviewer
Principal Consultant at Orpheus Consulting
Andrii Dobrovolskyi - PeerSpot reviewer
Chief Technology Officer at Dominos Pizza

I would rate the pricing an eight out of ten, with ten being expensive. 

It is an expensive product. 

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Edwin Matodzi - PeerSpot reviewer
Head of Strategy & Architecture at Auditor General

Yearly payments are to be made toward the licensing costs of PeopleSoft. PeopleSoft is not very expensive, so I feel it is an affordable product.

The extra costs, in addition to the standard licensing fees of the solution, are only applicable if you want post-implementation support from PeopleSoft.

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Nitin_Jain - PeerSpot reviewer
Principle Consultant at NRI

The pricing of PeopleSoft is relative and highly dependent on various factors like the customer's strategy, region, and the number of licenses required. It involves negotiations, and there's no fixed retail price for licenses. PeopleSoft may be considered somewhat costlier, as it involves hardware and software maintenance, whereas some cloud-based solutions work on a subscription model. However, PeopleSoft offers greater flexibility in the solution, which can be a valuable trade-off for some organizations.

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AH
IT Strategy and Innovation Director at a insurance company with 10,001+ employees

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

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KevinJones1 - PeerSpot reviewer
Communications, Change, Project and Training Management, Training at BSS

None of them are inexpensive.

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JK
Technical Team Lead at Rotary International

I'm not into the part that manages the solution-related expenses. Right now, we are only paying for the solution's tools version, which is not hefty for our organization. The expenses related to the solution are nominal.

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PB
HR/Pay Systems Administrator/Director at a university with 10,001+ employees

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

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GG
Consultant Peoplesoft at NYS Consultoria

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. 

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Moses NYOTA - PeerSpot reviewer
Senior Software and Cloud Engineer at Velocis Technologies LLC

This solution offers annual licensing. We pay per user. 

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RA
Independent Peoplesoft Consultant at Asoft Management Consulting Inc

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.

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Kumar Madhur - PeerSpot reviewer
Service Delivery Project Manager at HCL Technologies

Annual subscriptions are offered from a pricing perspective. 

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it_user717492 - PeerSpot reviewer
Business Analyst Sr at a university with 10,001+ employees

Not applicable.

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it_user281184 - PeerSpot reviewer
Sr Manager, Finance Systems at a individual & family service with 10,001+ employees

Negotiate, and don’t buy into the cloud option.

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KA
Business/Systems Analyst at a manufacturing company with 201-500 employees

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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BN
Regional Director at a tech services company with 51-200 employees

The software comes with a fee, with a license fee. The upgrade software comes with a license fee. However, it takes their staff time and resources to go through that. Sometimes customers will hire a consultant firm like us to help them get through it. That would be an extra cost, technically speaking.

The cost varies by license and license type. Many times, it's so much per user, and depending on which software modules you're using. It depends on the modules you're using and how many users you have using that module.

Some people buy what may be called an enterprise-wide license, where it's not really based on the number of users. You get more of a flat cost for that and the users may not be impacted. I haven't gotten involved in that in a while, therefore, I'm not sure how it works.

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Madhuri Turumella - PeerSpot reviewer
Functional Consultant at DXC Technology

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

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Sathyanarayann Tiruchi Gurunathan - PeerSpot reviewer
Director HR Services at GTO PAY APPZ HR SOLUTIONS PRIVATE LIMITED

The tool is expensive. There are much cheaper products available in the market.

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KA
Business/Systems Analyst at a manufacturing company with 201-500 employees

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

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DA
Vice President - Enterprise Applications at a computer software company with 1,001-5,000 employees

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.

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LD
Global Manager Information Security at a manufacturing company with 201-500 employees

We have an enterprise agreement, which is great because you don't have to look to the number of users every year. You have to send the results of the company to Oracle, and depending on the limits that were defined in the contract by module, you see if you exceeded those limits or that you stayed within them. Then you have to buy additional products and support. It is a flexible model, but it only goes up. So if you come during a more difficult period, like last year with Corona, it never goes down.

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Oscar Juarez - PeerSpot reviewer
Managing Partner at Qualsys

PeopleSoft has a yearly maintenance fee.

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AnkurAshok - PeerSpot reviewer
Senior Manager - Retail Sales at a computer software company with 10,001+ employees

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

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AK
Head Of Risk Management at a financial services firm with 11-50 employees

There are no additional costs for licensing.

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it_user515265 - PeerSpot reviewer
Founder at a individual & family service with 10,001+ employees

Check all options before a decision is made.

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it_user347862 - PeerSpot reviewer
Project Manager / Oracle Peoplesoft HCM Functional Consultant at a tech services company with 501-1,000 employees

Oracle PeopleSoft HCM is one of the most expensive systems in the HCM area, so if the organization has budget limitations, then I would not recommend this system.

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it_user436059 - PeerSpot reviewer
Sr. Manager at a insurance company with 501-1,000 employees

Beware of the price as it adds up with additional modules.

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it_user1214406 - PeerSpot reviewer
IT Consultant at a tech services company with 51-200 employees

We pay a yearly licensing fee.

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Buyer's Guide
PeopleSoft
March 2024
Learn what your peers think about PeopleSoft. Get advice and tips from experienced pros sharing their opinions. Updated: March 2024.
767,847 professionals have used our research since 2012.