Manager- and Employee-Centered Applications to Build Performance and Optimize Workforce Spending
PLEASANTON, CALIF. – December 15, 2008 – Workday, Inc., the leader in on-demand enterprise solutions for human resources and business management, today announced two major new capabilities: Pay for Performance and Worker Spend Management. The new services, included in Workday Update 6, continue to extend Workday’s global system-of-record for Human Capital Management (HCM), providing a master data repository for organizations’ people, compensation, worker costs and business results. The company also announced its U.S. Payroll solution is now generally available.
Workday Company Update
New in Workday Update 6
Comments on the News
“Workday is focused on a global system-of-record for managing people and business because it lets us do some unique things, such as managing all types of spend associated with the worker or basing compensation on both individual performance and business results,” said Mark Nittler, vice president of application strategy for Workday. “These common-sense approaches have either been impossible or at best extremely expensive with prior-generation solutions, requiring best-of-breed offerings, big integration projects or re-implementation. Workday capabilities are all part of a single global core, so taking advantage of them is seamless for our customers.”
“In today’s economy, pay for performance and spend management are urgent issues on the minds of HR and business leaders,” said Josh Bersin, president and CEO of Bersin & Associates, a leader in talent management and enterprise learning research. “By providing a single platform that unifies HR, financial management, payroll, and talent management, Workday gives organizations a comprehensive view of worker performance and worker spend, all in the context of business results. That approach can go a long way to helping companies both reduce expenses and optimize compensation to drive business performance.”
Workday is providing a global system of record for cohesively managing human capital and business activity, a dramatic shift from last-generation systems that supported each segment of business in separate application silos.
Workday’s modern, Web 2.0 interface is designed to support all workers and managers in an organization, not just back-office professionals.
Workday is the leader in SaaS-based enterprise solutions for global human resources and financial management, providing new levels of business agility for a fraction of the cost of buying, deploying and maintaining legacy on-premise systems. More than 100 customers, spanning mid-sized organizations to global Fortune 500 businesses, have selected Workday. Workday Human Capital Management and Workday Financial Management use modern, standards-based technologies to provide an unparalleled level of agility, ease-of-use, and integration capability. For more information about Workday, please visit www.workday.com.
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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.