[tallanvor]

PeopleSoft was one of the larger players, at least in education, well before Oracle bought them. There's really (or at least there was when I was involved in higher education) only 3 main players at that level. And trust me, each option you had was bad in its own way.

The problem is that these products started out much smaller, and grew to fill the needs, although not necessarily as nicely as you might like. So now when it's time to put out a new bid, there's just the handful of vendors who can check off all the boxes for what the current system does. And integration with other systems is always a pain - even today it often includes csv or tab-delimited files that get sent to ftp sites for batch processing!