Workday

Overview

Workday was founded in 2005 by Dave Duffield, the former founder and CEO of PeopleSoft. They tout their solutions as "the opposite of ERP," meaning they've built their solutions from the ground-up for cloud computing by harnessing the power and flexibility inherent in delivering Software as a Service (SaaS) business applications and with a focus on the end-user customer.

Workday promises organizations "corporate governance, a global platform, agility, performance measurement, integration capabilities and consumer-web usability" that's built in from the start. The result is a more flexible, accessible, and scalable ERP solution than what traditional on-premise vendors can offer. At the same time, the cost associated with deployment time, ongoing maintenance, and upgrades are significantly reduced.

Value Proposition

Workday has "rebuilt" and "rethought" business software applications using the latest cloud computing technology and pushed for new thinking about how business solutions should work for and within an enterprise. The result is greater flexibility and ease-of-use, while the total cost of ownership is significantly reduced.

Products & Services

• Human Capital Management provides the tools businesses need to organize, staff, pay, and develop a global workforce.

• Payroll allows companies to group employees, manage payroll rules, and pay employees according to their organizational, policy, and reporting needs; it's highly configurable.

• Financial Management helps businesses with financial accounting and reporting, as well as, governance, control, and performance management information.

• Procurement helps support and manage information, policies, and processes related to the acquisition of goods, services, rights, and contract labor.

• Resource Management consolidates the tracking, management and accounting for all physical and intangible resources, while allowing resources to be accounted for according to accounting rules and tracked according to business use.

• Business Intelligence allows users at all levels to get or create reports using information relevant to them and their roles, all with minimal training and no IT support.

• Foundation are services, like compliance and security, packaged in an intuitive form for developers and end users that are built into Workday solutions.