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Total Cost of Ownership for PeopleSoft Applications

Total Cost of Ownership for PeopleSoft Applications. Panel Discussion Session 101820. Agenda. Introductions. Carmen Mazza Manager of HRIS and Payroll Securian Financial Group Carmen.mazza@securian.com 651.665.3659 Paul Brand HRIS Technology Manager Wells Fargo Bank

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Total Cost of Ownership for PeopleSoft Applications

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  1. Total Cost of Ownership for PeopleSoft Applications Panel Discussion Session 101820

  2. Agenda

  3. Introductions • Carmen Mazza • Manager of HRIS and Payroll • Securian Financial Group • Carmen.mazza@securian.com • 651.665.3659 • Paul Brand • HRIS Technology Manager • Wells Fargo Bank • Paul.a.brand@wellsfargo.com • 612.316.1518

  4. Wells Fargo is… • #1 in deposits among US banks. • #1 in market capitalization among US banks. • #4 in assets among US banks. • #1 in mortgage origination and servicing. • #1 in philanthropy among all US companies. • #12 in revenue among all US companies.

  5. Wells Fargo’s Environment • Implemented PeopleSoft HCM in 1993 (v. 2.0) • PeopleSoft release 8.9, PeopleTools: 8.52 • HR, NA Payroll, Ben Admin • Heavy-duty employee self-service • Manager self-service (custom) • Talent Acquisition Manager and Candidate Gateway • Employees on Payroll (NA): 277,000 • Heavily customized for compliance and volumes

  6. Securian Financial Group is… • Subsidiary of Minnesota Mutual Companies • Founded in 1880 in St. Paul • Provides Financial Services including • $343 billion of life insurance in force • $20 billion in assets under management

  7. Securian’s Environment • Implemented PeopleSoft in 1998 • PeopleSoft release 9.1, PeopleTools: 8.50 • HR, NA Payroll, Base Benefits & Ben Admin • Employee self-service - eBenefits, eProfile, ePay, • Manager self-service (custom) • Talent Acquisition Manager and Candidate Gateway • Employees on Payroll: 3,700 • Moderate customizations

  8. What is TCO? • TCO represents the organization’s complete financial exposure • Typically expressed in dollars per unit, such as employee.

  9. Why is TCO important? • Options comparison • Benchmarking • Evaluating impact of changes over time

  10. How do we calculate TCO? • Units • Inputs • Denominators • Value for cost

  11. Wells Fargo’s TCO Formula: HCM Labor + Mainframe + Middle Tier + Licensing Active employees (ALP) • Labor = Wages + bonus + training + load (Salary * 0.29) for app and support teams. • Mainframe Cost = allocation for all MF data center costs, including operations staff, electricity, MF utility licensing… • Middle Tier = HW/SW for app, web, and load balancing. • Licensing = maintenance only. License fully depreciated.

  12. Wells Fargo’s TCO Formula: HCM Labor + Mainframe + Middle Tier + Licensing Active employees (ALP) $9.2MM + Mainframe + Middle Tier + Licensing 277,000 ALP = $65.22 per EE per year

  13. Securian’sTCO Formula: HCM Salaries + Direct Expenses + Indirect Allocations + IT Services # of W2s • Salaries = HRIS & Payroll processing functions. • Direct = Software maint., consulting, travel, misc. • Indirect = Rent, Benefits, misc. overhead • IT Services = app development, devices, phones, processing & storage.

  14. Securian’sTCO numbers

  15. What about value? • What does your organization get for its money? • Quality of service • Scope of service • Functions supported • # of interfaces • Cost & risk avoidance • Lean function staffing • Strategic Considerations • Valuable opportunities • Distraction from mission

  16. Save the Date APRIL 7-11, 2014 Sands Expo and Convention Center Las Vegas, Nevada QuestDirect.org/COLLABORATE COLLABORATE 14- Quest Forum is THE source for PeopleSoft roadmaps & news. It matters where you register! All PeopleSoft education and events run through Quest

  17. TCO Session 101820 • Carmen Mazza • Manager of HRIS and Payroll • Securian Financial Group • Carmen.mazza@securian.com • 651.665.3659 • Paul Brand • HRIS Technology Manager • Wells Fargo Bank • Paul.a.brand@wellsfargo.com • 612.316.1518

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