Choosing suitable HR and payroll software is an important decision that can greatly impact your business' efficiency. Namely and PeopleSoft are two prominent platforms, each intended for particular business needs.
Namely HR is best for mid-sized businesses seeking an intuitive HR platform to streamline payroll, benefits, and compliance management. At the same time, Oracle’s PeopleSoft provides enterprise-level functionality with comprehensive customization options.
Here, we will compare their key features, pricing, scalability, and integrations in detail to see which platform best aligns with your business requirements.
Features
| Namely | PeopleSoft |
Employee Self Service | Simple self-service platform for personal info, pay stubs, and PTO requests | Comprehensive self-service with benefits enrollment, schedule management, and real-time data insights |
Workforce Management | Employee scheduling, time tracking, attendance tracking, and PTO management | Advanced scheduling, time tracking, compliance reporting, and absence management |
Payroll Processing | Integrated payroll system that automates processing and tax calculations | Extensive payroll functionalities with global capabilities and compliance tools |
Talent Management | Performance reviews, learning management, and career development tools | Powerful talent management tools, succession planning, and career development |
Reporting | Basic reporting tools for labor compliance, overtime, and time-tracking data | Tools for compliance with labor laws, including union rules and wage laws |
Integrations | Integrates with payroll, benefits, performance management, and third-party applications | Integration with Oracle Cloud, Salesforce, and other enterprise-level tools |
Namely is a cloud-based human resources (HR) solution primarily built for small and medium-sized businesses. It integrates multiple HR functions into a single platform, enabling enterprises to streamline HR operations, boost employee engagement, and ensure compliance with state laws and regulations.
Namely's user-friendly interface is designed to be optimized for everyday use by both employees and HR teams alike. It provides customizable workflows, which enable businesses to tailor processes like time-off monitoring and reporting to their specific needs. What sets the software apart is its managed services like payroll administration and benefits consulting, which helps reduce administrative burdens for HR professionals.
Unique Features Of Namely
Benefits Administration: Namely allows HR teams to customize benefit packages, track employee enrollment, while ensuring effective communication of options to employees. It provides expert guidance on creating a competitive benefits strategy tailored to the company’s needs
Performance Management: Namely integrates tools for performance evaluations, defining goals, and gathering feedback, promoting a culture of continuous development by allowing regular check-ins and connecting employee objectives with business goals
Time And Attendance Tracking: Employees can enter worked hours, request time off, and manage schedules using the platform's built-in time-tracking features, enabling HR organizations to track attendance patterns and streamline the leave management processes
Employee Engagement Tools: Namely provides various tools for enhancing employee engagement like surveys, recognition programs, and communication channels, promoting a positive workplace culture while encouraging feedback and recognizing employee achievements
Pros And Cons
To get the most out of Namely HR software, you need to be aware of its functionalities. The following pros and cons will help you make the decision:
Pros | Cons |
User-friendly interface for accessible navigation Centralized information that simplifies user access Powerful reporting tools for effectively tracking HR metrics | Limited customization in some areas and needs some additional efforts Some features feel dated compared to competitors |
Oracle's PeopleSoft is a comprehensive suite of applications designed to meet complicated business needs across various industries. Its modern user interface makes it easy to use and customize. With over 30 years of experience in building high-quality software solutions, Oracle’s PeopleSoft provides features that streamline operations, enhance productivity, and reduce ownership costs.
The software excels in human resource management, providing advanced analytics, payroll and compliance tools, workforce administration, and talent acquisition capabilities. Its flexible deployment options allow it to meet a wide range of HR requirements, ensuring efficient workforce management and regularity compliance.
Unique Features Of PeopleSoft
Learning Management: PeopleSoft Enterprise Learning Management (ELM) is a comprehensive solution for improving employee knowledge, skills, and abilities. It lets organizations to successfully manage and track learning programs, ensuring that employees acquire the skills required to accomplish business goals.
Financial Management: Its financial management feature allows you to handle accounting, budgeting, procurement, and assets. It helps businesses get insights into their financial performance and streamline their finances through automation and integration
Talent Management: PeopleSoft talent management uses AI–powered recruiting, onboarding, personalized learning, and career development features to attract, retain, and nurture top talent to foster innovation and organizational growth
Time And Labor Tracking: The time and labor tracking feature streamlines time reporting and labor management processes. This allows businesses to automate time monitoring, manage staff schedules, and collect correct labor data, which is critical for effective payroll processing and compliance with legal requirements
Pros And Cons
Carefully evaluate PeopleSoft’s features to assess its viability. Below are some valuable points to guide your decision-making process.
Pros | Cons |
Regular updates to improve features and security Strong customization options allow the software to be tailored to specific organizational needs Seamless integration with Oracle products enhances performance and service reliability | Some users mention that navigation can be quite confusing and difficult Connection with third-party applications can be tricky |
While Namely takes the lead in pricing and payroll management, making it more suited to small to medium sized organizations. While PeopleSoft dominates workforce management, HR tools, talent management, reporting, and integrations, often placing it as the preferred option for organizations with complex demands.
That said, this comparison highlights distinct capabilities for each platform. Namely is suited for small to medium-sized organizations looking for a user-friendly solution with managed services, whereas PeopleSoft is designed for larger corporations that require comprehensive features and advanced capabilities to cater to modern organizational needs.
In the end, the decision between Namely and PeopleSoft is based on your organization's size, demands, and special HR requirements. Assess your priorities and compare them against the capabilities provided by each platform to find the best fit for your business.
If you're still unsure, consider exploring some other HR software options to find a solution that best aligns with your business goals.