In 2014 Sallie Mae separated into two publicly traded companies. One was an education loan management business to be called Navient; and the other, a consumer banking business that retained the name Sallie Mae.
This meant that the PeopleSoft Financial and PeopleSoft HCM functions needed to be separated in order for the two entities to continue operating independently of one another. However, both organizations lacked the IT resources to support a PeopleSoft environment. This was compounded by hardware that was difficult to maintain, which also complicated the separation process itself.
MoTown Group assisted with the division of the PeopleSoft system and has since provided ongoing PSaaS support. Additionally, we moved both entities to a hosted environment to eliminate the issue of the problematic hardware.
- Both entities continue to operate as independently functioning companies.
- We continue to fill gaps in lost IT knowledge to support PeopleSoft and Hyperion through ongoing PSaaS support.
- They have realized significant cost savings due to a sharp decrease in maintenance issues.