Workday 10 Unites Human Capital Management and Talent Management in a Single System
Business Users Gain Access to Rich Analytics with the Ability to Take
PLEASANTON, CALIF. – March 23, 2010 – Workday now provides global organizations a single system of record for both Talent Management and core Human Capital Management with the delivery of Workday 10, available immediately. More than 130 companies have selected Workday to manage their workforce, with more than 60 percent of customers choosing Workday’s capabilities for managing individual and business performance, often replacing or decommissioning existing Talent Management point solutions.
Workday 10 is now generally available for all customers. New Workday Talent Management capabilities are available to current Workday HR customers as part of their core subscription. Workday 10 includes:
Workday 10 provides self-service business insight for managers, allowing them to analyze their data from multiple perspectives and to take action based on what they learn.
In addition, Workday 10 includes hundreds of new capabilities for employees, managers and HR professionals. Examples include:
Comments on the News
“Adding Talent Management to Workday’s industry leading human resources platform means our customers now have a single system for managing all the capabilities, capacity, performance and cost of their global workforce,” said Aneel Bhusri, Workday co-CEO. “With more than 130 customers using Workday across 50 countries, our focus is on helping the world’s best and largest enterprises improve the performance of their people and their businesses while enjoying the significant cost savings of SaaS solutions.”
“Talent Management solutions and the HRMS are converging because organizations want and need the rich insights available from a complete view of their global workforce, and they want to offer that information – and the ability to act on it – directly to their managers,” said Josh Bersin, President and CEO for Bersin & Associates, a leading industry analyst firm. “Solutions like Workday 10 enable companies to more rapidly implement talent management in an integrated solution, which reduces cost and gives business users highly actionable information to better manage their workforce.”
|Workday's new talent profile gives managers ready access to information on individual skills, experience, compensation and career plans. Workday 10 also includes goal linking, helping ensure workforce alignment with worldwide organizational objectives.|
|Workday's custom analytics allow managers and business analysts to create live, drillable charts and tables of important information for managing their day-to-day business.|
Workday is the leader in SaaS-based enterprise solutions for global human resources, payroll 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 130 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.