Des Moines, 50392, IA,
United States
Principal Financial Group Technographics
Principal Financial Group Technographics, Software Purchases, AI and Digital Transformation Initiatives
Discover the latest software purchases and digital transformation initiatives being undertaken by Principal Financial Group and its business and technology executives. Each quarter our research team identifies on-prem and cloud applications that are being used by the 19800 Principal Financial Group employees from the public (Press Releases, Customer References, Testimonials, Case Studies and Success Stories) and proprietary sources.
During our research, we have identified that Principal Financial Group has purchased the following applications: Oracle PeopleSoft ERP for ERP Financial in 2015, iCIMS Recruit Applicant Tracking System for Applicant Tracking System in 2021, Fiserv Signature Bank Platform for Core Banking in 2017 and the related IT decision-makers and key stakeholders.
Our database provides customer insight and contextual information on which enterprise applications and software systems Principal Financial Group is running and its propensity to invest more and deepen its relationship with Oracle , SAP , iCIMS or identify new suppliers as part of their overall Digital and IT transformation projects to stay competitive, fend off threats from disruptive forces, or comply with internal mandates to improve overall enterprise efficiency.
We have been analyzing Principal Financial Group revenues, which have grown to $16.13 billion in 2024, plus its IT budget and roadmap, cloud software purchases, aggregating massive amounts of data points that form the basis of our forecast assumptions for Principal Financial Group intention to invest in emerging technologies such as AI, Machine Learning, IoT, Blockchain, Autonomous Database or in cloud-based ERP, HCM, CRM, EPM, Procurement or Treasury applications.
Principal Financial Group Tech Stack and Enterprise Applications
Principal Financial Group ERP
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
| Oracle | Legacy | Oracle PeopleSoft ERP | ERP Financial | ERP | n/a | 2015 | 2015 |
In 2015, Principal Financial Group implemented Oracle PeopleSoft ERP as its ERP Financial platform to centralize accounting, treasury, procurement, tax processing, and reconciliation workflows. The deployment supported corporate finance teams including accounting specialists operating in Wilmington, DE, and was positioned to manage daily cash operations, tax payments, and ledger reconciliation across company finance functions.
The Oracle PeopleSoft ERP rollout configured core financial modules aligned with observed operational activities, including General Ledger for monthly ledger reconciliation, Accounts Payable for invoice classification and payment coding, Procurement and procurement card reconciliation, Cash Management to process incoming and outgoing funds and transfers, and tax processing workflows for W2, 1099 Misc and 1042S federal and state tax payments. The implementation supported automated creation of journal entries for state tax payments and structured daily tax report uploads and reconciliations as part of routine accounting operations.
Operational integrations were implemented with existing treasury and reporting systems explicitly referenced in internal procedures, PeopleSoft receiving transactional inputs for procurement card reconciliation while treasury operations used a Treasury Administration System TAS and CORE for fund movements. Daily reconciliation processes included automated or manual ingestion of Wells bank statements, and Oracle PeopleSoft ERP transactional data fed reporting and reconciliation workflows using Business Objects, Dodeca Reporting, and Excel spreadsheets to compile account information and support monthly reconciliations.
Governance and process changes centered on finance operational controls and workflow standardization, including reconciliations of daily tax reports, review of unclaimed documents to ensure compliance with documentation and signatures, interaction protocols with client specialists, managers and directors for outgoing wires, ACH and check approvals, and structured customer service request handling for check status. These documented procedures positioned Oracle PeopleSoft ERP as the transactional backbone for accounting, treasury, procurement, tax, and customer service financial interactions within Principal Financial Group.
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ERP Financial | ERP |
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2016 | 2017 |
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Expense Management | ERP |
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2010 | 2010 |
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Expense Management | ERP |
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2018 | 2018 |
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Principal Financial Group HCM
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
| iCIMS | Legacy | iCIMS Recruit Applicant Tracking System | Applicant Tracking System | HCM | n/a | 2021 | 2021 |
In 2021, Principal Financial Group deployed iCIMS Recruit Applicant Tracking System as its Applicant Tracking System. The deployment provisions a cloud-hosted iCIMS Recruit instance that powers the public careers site at careers-principal.icims.com and centralizes candidate intake and job requisition publishing for Principal's Talent Acquisition organization.
Configuration emphasized Applicant Tracking System functional modules common to enterprise recruiting, including requisition management, career site job posting and searchable listings, candidate profiles and application tracking, and structured recruiter workflows for screening and interview coordination. The implementation also included configurable application forms and reporting dashboards to support hiring operations and recruiter activity monitoring.
Operational coverage is focused on HR and Talent Acquisition teams across Principal Financial Group in the United States, embedding iCIMS Recruit Applicant Tracking System into external hiring touchpoints to standardize candidate experience. Governance centered on role-based access and standardized approval workflows to bring consistency to requisition approvals and offer processes.
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Benefits Administration | HCM |
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2018 | 2018 |
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Compensation Management | HCM |
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2018 | 2018 |
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Core HR | HCM |
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2020 | 2020 |
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Employee Experience | HCM |
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2019 | 2019 |
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Employee Experience | HCM |
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2018 | 2018 |
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Employee Self Service | HCM |
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2018 | 2018 |
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Learning and Development | HCM |
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2018 | 2018 |
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Learning and Development | HCM |
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2017 | 2017 |
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Payroll | HCM |
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2018 | 2018 |
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Performance and Goal Management | HCM |
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2018 | 2018 |
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Time and Attendance | HCM |
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2018 | 2018 |
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Workforce Management | HCM |
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2018 | 2018 |
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Principal Financial Group ERP Services and Operations
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
| Fiserv | Legacy | Fiserv Signature Bank Platform | Core Banking | ERP Services and Operations | n/a | 2017 | 2017 |
In 2017, Principal Financial Group deployed Fiserv Signature Bank Platform as its Core Banking system to support bank finance and operations. The initiative focused on platform stabilization and infrastructure provisioning to operate core account and transaction processing alongside customer data management typical of Core Banking deployments.
Fiserv Signature Bank Platform was configured to run across segregated Test, Pilot and Production environments, with system infrastructure engineers performing server maintenance and build out of server software for staged deployments. Configuration work followed iterative Agile delivery sessions with business units, which informed feature improvements and release prioritization for finance application workflows.
Integrations explicitly included Nautilus Hyland OnBase for document and content services and Microsoft SCCM for automated software distribution and deployment orchestration. Security auditing of Fiserv products and application integration points was an ongoing governance activity, and coordination with IT vendors supported packaged software rollout and environment promotion.
Operational scope covered Principal Bank finance and IT operations, with cross functional engagement from business units to align application capabilities with banking operations and finance reporting needs. Governance relied on regular security audits, Agile delivery cadences, and controlled environment promotion to Test, Pilot and Production using SCCM driven deployments.
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Insurance ERP | ERP Services and Operations |
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2006 | 2006 |
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Principal Financial Group Analytics and BI
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
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Analytics and BI | Analytics and BI |
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2014 | 2018 |
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Analytics and BI | Analytics and BI |
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2019 | 2020 |
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Principal Financial Group Collaboration
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
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Audio Video and Web Conferencing | Collaboration |
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2020 | 2020 |
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Collaboration | Collaboration |
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2020 | 2020 |
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Principal Financial Group SCM
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
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Supply Chain Management | SCM |
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2018 | 2018 |
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Principal Financial Group CRM
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
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Call Center | CRM |
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2020 | 2020 |
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Complaint Management | CRM |
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2018 | 2018 |
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CRM | CRM |
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2018 | 2018 |
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Customer Analytics | CRM |
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2012 | 2012 |
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Customer Analytics | CRM |
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2019 | 2019 |
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Customer Experience | CRM |
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2018 | 2018 |
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Customer Experience | CRM |
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2019 | 2019 |
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Customer Support | CRM |
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2019 | 2019 |
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Marketing Analytics | CRM |
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2011 | 2011 |
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Marketing Automation | CRM |
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2020 | 2020 |
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Sales Automation, CRM, Sales Engagement | CRM |
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2019 | 2019 |
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Principal Financial Group EPM
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
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EPM | EPM |
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2018 | 2018 |
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Principal Financial Group ITSM
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
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Application Performance Management | ITSM |
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2017 | 2017 |
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Application Performance Management | ITSM |
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2021 | 2021 |
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IT Service Management | ITSM |
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2018 | 2018 |
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IT Service Management | ITSM |
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2019 | 2019 |
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Principal Financial Group Investment Management
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
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Investment Research and Market Intelligence | Investment Management |
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2023 | 2023 |
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Portfolio and Investment Management | Investment Management |
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2018 | 2018 |
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Trade Order Management System (TOMS) | Investment Management |
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2020 | 2020 |
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Principal Financial Group PPM
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
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Project Portfolio Management | PPM |
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2019 | 2019 |
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Principal Financial Group Procurement
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
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Procurement | Procurement |
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2018 | 2018 |
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Supplier Relationship Management | Procurement |
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2018 | 2018 |
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Principal Financial Group SPM
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
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Configure Price Quote (CPQ) | SPM |
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2020 | 2020 |
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Incentive Compensation Management | SPM |
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2008 | 2008 |
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Incentive Compensation Management | SPM |
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2015 | 2015 |
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Principal Financial Group TRM
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
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Governance, Risk and Compliance | TRM |
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2018 | 2018 |
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Governance, Risk and Compliance | TRM |
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2018 | 2018 |
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Risk Management | TRM |
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2015 | 2015 |
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Treasury Management | TRM |
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2008 | 2008 |
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Treasury Management | TRM |
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2018 | 2019 |
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Principal Financial Group PaaS
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
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Operating System (OS) | PaaS |
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2006 | 2006 |
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Transactional Email | PaaS |
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2019 | 2019 |
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Principal Financial Group IaaS
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
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Application Hosting and Computing Services | IaaS |
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2012 | 2012 |
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Application Hosting and Computing Services | IaaS |
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2015 | 2015 |
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Content Delivery Network | IaaS |
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2017 | 2017 |
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Content Delivery Network | IaaS |
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2020 | 2020 |
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Content Delivery Network | IaaS |
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2020 | 2020 |
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Content Delivery Network | IaaS |
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2021 | 2021 |
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Content Delivery Network | IaaS |
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2012 | 2012 |
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Database Management | IaaS |
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2021 | 2021 |
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Principal Financial Group CyberSecurity
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
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Identity and Access Management (IAM) | CyberSecurity |
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2022 | 2022 |
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Secure Email Gateways (SEGs) | CyberSecurity |
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2019 | 2019 |
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IT Decision Makers and Key Stakeholders at Principal Financial Group
| First Name | Last Name | Title | Function | Department | Phone | |
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Apps Being Evaluated by Principal Financial Group Executives
| Date | Company | Status | Vendor | Product | Category | Market |
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