Workday, Inc. is a provider of cloud-based computer software for accounting, human resource management and business planning.
The software is used across all industries and by mid-market companies as well as corporations. It is characterized in particular by the fact that it is a unified, agile software for finance and human resources. Modules are offered in the areas of enterprise planning, financial management, human capital management, payroll, analyses and data-as-a-service. The modules offer transparency via real-time data and at the same time provide insights into growth potential.
ABOUT THE COMPANY
Workday Inc. was founded in 2005 and grew from the idea of offering cloud-based software for financial and human capital management. The first modules, Workday Financial Management and Workday Human Capital Management, were presented to the market in 2006 and 2007. Since then, the solution has been continuously developed and today is characterized in particular by agile development. This enables customers to react quickly to changing influencing factors.
FUNCTIONALITIES IN DETAIL:
Workday Adaptive Planning helps you plan your business processes by creating reports, analyses and workflows. The data can be accessed at any time in the application to set up scenarios that drive your business forward.
The unified financial management solution consolidates accounting and procurement concerns and can be used for projects, reports and analyses. The solution increases transparency for all stakeholders by providing always-on, cloud-based access to the platform and the data it contains. The optimized administration of processes creates more time for strategy development, for example.
Human Capital Management
The HCM module covers the complete talent and personnel management. The areas of recruiting, onboarding and HCM are combined in one solution. In addition, the module offers the possibility of integrating internal as well as external learning content to support personnel development. The combination of all modules in one solution lets you manage the complete employee cycle as well as define future HR processes.
Workday provides a central master data system for global payroll. It combines internal applications for Canada and the United Kingdom, for example, with applications from external providers for other countries. The goal is to provide enterprise-wide visibility into the global workforce and associated labor costs, overtime, and headcount.
Workday Data-as-a-Service gives you the ability to benchmark against other companies using Workday. This allows you to identify areas for improvement or challenges and address them early.