Workday 18 Also Features Advancements in Collaboration, Mobile, and the Workday Platform
PLEASANTON, CALIF. — Nov. 5, 2012 — Workday, Inc. (NYSE: WDAY), a leader in enterprise cloud applications for human resources and finance, today announced its latest update, Workday 18. The update brings significant new capabilities to Workday Financial Management, enabling global enterprises to better manage finance operations around the world. Workday also delivers advancements in workforce collaboration, mobile, performance management, and the Workday platform. These new innovations offer deeper engagement, drive pay for performance, and prepare talent for the future, while also giving organizations greater flexibility they need to configure Workday to meet business needs.
Advancing Financial Management Globally and Vertically
Workday continues to advance its Financial Management application in the cloud to bring more global capabilities to large, multinational organizations, together with advanced industry-specific functionality. In this update, new global capabilities include enhanced global tax support, more international payment formats, and more powerful real-time reporting across divisions and business units for multi-national organizations.
Further, Workday 18 includes powerful industry-specific functionality for education and government, including Grants Management and fund accounting, driving reporting and compliance. Finally, Workday combines financial and workforce measures enabling project scenario planning so organizations can efficiently model the right resources for the right work.
Advancements to Workday Financial Management include:
Keeping the Workforce Engaged with More Collaboration and Mobile Features
New mobile devices and collaboration technologies continue to redefine the workplace and give organizations new opportunities to connect and engage their workforces to drive productivity, efficiency, and results. Workday brings the best of both worlds into Workday 18. New features include:
New Tools to Maximize Performance Management
Human resources teams, managers, and executives now have the most powerful tools at their fingertips to maximize pay for performance, prepare talent for the future, and act proactively on worker trends. With performance and talent calibration, it's easy for a group of managers to collaborate and ensure consistency on the performance and talent ratings of their teams.
In addition, worker trending analytics can enable monitoring of key workforce metrics over time in areas such as headcount, worker activity data, and attrition and turnover, enabling proactive workforce management.
Increasing Platform Flexibility
Workday delivers on its promise to drive enterprise-class configurability and flexibility in the cloud with new custom field management that makes it simple to easily tailor Workday to unique business requirements. Configurations automatically carry forward with each update and give customers the power to easily adapt Workday to their specific businesses needs.
Comments on the News
"Workday 18 adds critical capabilities global organizations need to manage their finances in the cloud and across geographies," said Stan Swete, chief technology officer, Workday. "By continuing to tightly unify Financial Management with Workday HCM and adding more mobile, collaboration, and analytics features to our applications, enterprises have more flexibility and visibility into their organizations than ever before with one enterprise cloud solution."
Workday is a leading provider of enterprise cloud applications for human resources and finance. Founded in 2005, Workday delivers Human Capital Management and Financial Management applications designed for the world’s largest organizations. Hundreds of companies, ranging from medium-sized businesses to Fortune 50 enterprises, have selected Workday.
Any unreleased services, features, or functions referenced in this document, our website or other press releases or public statements that are not currently available are subject to change at Workday's discretion and may not be delivered as planned or at all. Customers who purchase Workday, Inc. services should make their purchase decisions based upon services, features and functions that are currently available.
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Workday is a leading provider of enterprise cloud applications for human resources and finance. Founded in 2005 by PeopleSoft veterans Dave Duffield and Aneel Bhusri, Workday delivers human capital management, financial management, and analytics applications designed for the world’s largest organizations. Hundreds of companies, ranging from medium-sized businesses to Fortune 50 enterprises, have selected Workday.
Workday Financial Management is a comprehensive, unified accounting and finance application, built on a global core to help you manage your financial processes around the world easily and efficiently. With unique capabilities including business-event driven reporting and analytics, robust security, and a fully auditable business process framework, Workday can provide your organization with unprecedented controls and insight into the performance of your business.
Workday Human Capital Management is a modern, intuitive and unified human resources and talent management application built on a global core and designed to adapt with businesses as their needs and requirements evolve.
Delivered in the cloud, Workday payroll solutions offer your organization choice, flexibility and control to efficiently and accurately pay your entire workforce, no matter where they may be located.
Workday leads enterprise application innovation with its new, consumer-friendly time and attendance application, Workday Time Tracking. With Workday Time Tracking, organizations will now be able to reduce labor costs, minimize compliance risks, and increase worker productivity. .
Workday Expenses is unified with Workday’s market-leading HR and Financial Management applications, creating the optimal expense solution for today’s people-driven enterprise.