Workday
Workday is a leading provider of enterprise cloud applications for finance, HR, and planning that helps organizations adapt and thrive in a changing world.About:
Workday offers a comprehensive suite of cloud-based applications for financial management, human capital management, planning, and analytics. Their platform unifies finance and HR data to provide real-time insights, streamline processes, and empower better decision-making across the organization. Companies use Workday to modernize their back-office operations, improve employee experiences, and gain the agility to quickly adapt to change. With AI and machine learning built into the core, Workday enables organizations to automate routine tasks, uncover insights, and continuously innovate.
Best fit for:
Employee Count: 100-10,000
Location: Global presence
Industries: Technology, Financial Services, Healthcare, Retail, Government, Education, Manufacturing
Job Titles: CFO, CHRO, CIO, VP of Finance, VP of HR, IT Director
Key Features:
- Financial Management: Streamline financial processes and gain real-time visibility into performance.
- Human Capital Management: Manage the entire employee lifecycle from recruiting to retirement.
- Planning and Analytics: Enable continuous, collaborative planning and analytics across the enterprise.
- AI and Machine Learning: Leverage embedded AI to automate tasks and uncover insights.
- Unified Data Model: Single source of truth for financial, workforce, and operational data.
- Configurable Platform: Adapt the system to your unique business needs without custom code.
Company Summary
Workday is a company that makes computer programs to help businesses manage their money and employees. They offer tools for tasks like keeping track of finances, hiring new workers, and planning for the future. Workday was started in 2005 by two people named Dave Duffield and Aneel Bhusri. Today, many big companies around the world use Workday’s programs to help run their businesses. (en.wikipedia.org)
Price Estimate
Workday doesn’t list exact prices on their website because the cost can change based on what a company needs. Generally, companies pay a subscription fee every month or year to use Workday’s programs. The price depends on how many employees a company has and which tools they want to use. To find out the exact cost, companies can contact Workday directly.
Who is Workday for?
Workday is designed for medium to large businesses, typically those with 500 to over 10,000 employees. Common users include:
- Human Resources Managers: They use Workday to manage employee information and benefits.
- Finance Officers: They use it to handle budgets and financial reports.
- Recruiters: They use Workday to find and hire new employees.
- IT Professionals: They help set up and maintain Workday’s systems.
- Business Analysts: They use Workday to analyze company data and make decisions.
Workday serves many industries, including:
- Technology
- Healthcare
- Finance
- Education
- Retail
Many large companies in these fields use Workday to help manage their operations. (en.wikipedia.org)
Features, Functionalities, and Benefits
Workday offers several key features to help businesses:
- Human Capital Management (HCM): This helps companies manage their employees, from hiring to retirement.
- Financial Management: Tools to track and manage a company’s money, including budgets and expenses.
- Planning: Helps businesses plan for the future by analyzing data and making forecasts.
- Analytics and Reporting: Provides reports and insights to help companies make informed decisions.
- Integration: Workday can connect with other software systems a company uses, making it easier to share information.
These features are designed to work together, giving companies a complete view of their operations. (en.wikipedia.org)
Use Cases
Companies use Workday in various ways:
- Managing Employee Information: Keeping track of employee details, benefits, and payroll.
- Financial Planning: Creating budgets and monitoring expenses to ensure the company stays on track financially.
- Recruiting New Employees: Posting job openings, reviewing applications, and hiring new staff.
- Analyzing Business Performance: Using reports to understand how different parts of the company are performing.
- Planning for Growth: Forecasting future needs and making plans to expand the business.
These uses help companies run more smoothly and make better decisions. (en.wikipedia.org)
Who Are Their Best Customers?
Many well-known companies use Workday to help manage their operations. For example:
- Amazon: Uses Workday to manage its large workforce and financial operations.
- Bank of America: Utilizes Workday for human resources and financial management.
- Netflix: Employs Workday to handle employee data and financial planning.
These companies have found Workday’s tools helpful in organizing their businesses and making informed decisions. (en.wikipedia.org)
What Makes Workday Different?
Workday stands out because it offers a single system that combines both financial and human resources management. This means companies can access all their important information in one place, making it easier to make decisions. Workday also updates its software regularly, so businesses always have the latest tools and features. (en.wikipedia.org)
Legal Info:
For more information about how Workday handles privacy and user agreements, you can visit their Privacy Policy and Terms of Service pages.