PLEASANTON, CALIF. – April 1, 2009 – Workday, Inc., the leader in enterprise-class SaaS-based Human Resources (HR), Payroll and Financial solutions, has delivered a broad range of new capabilities in Workday update 7, all built to support the needs of complex, global enterprises deploying a new HR system-of-record.  As always, Workday handles upgrades for customers and all customers have made the transition to update 7. 

What’s New
Workday delivered new capabilities to support global enterprises:

• Capture and track worker personal data in international formats for more than 50 countries and regions.  
• Advanced configurable security that gives HR administrators extraordinary granularity in designating role-based access to information and functionality for the global workforce, without IT intervention.

Workday delivered an enhanced public API:

• Doubled the number of operations supported in the public API.
• Enhanced the Business Process API to completely or partially automate key business processes such as hire, compensation change and initiate performance review.
• Improved performance for export of large volumes of data out of Workday.

Workday significantly expanded workflow and business process automation capabilities:

• Management of high-volume events, enabling HR to update and manage large worker populations.
• Inbox delegation, allowing managers to delegate tasks such as approvals to subordinates or administrators.
• Pay for Business Performance, extending Workday’s recently announced Pay for Performance solution to include business results in compensation calculations.
• Business process approvals via Workday’s new iPhone client.

Workday has extended its built-in Business Intelligence capabilities:

• Contextual reporting allows users to create custom reports directly from data they view on any Workday page.
• Graphical drill-down, which allows users to click on any section of a chart to view detailed information behind the summary information.  This expands on Workday’s existing drill-down on numbers capability that provides the same capabilities within tabular reports.
• Background processing and report scheduling.

Workday Business Update
Workday now has more than 75 customers spanning from mid-sized organizations to Fortune 500 global enterprises.  More than 40 customers are in production.

• Workday offers five on-demand solutions: Human Capital Management, Payroll, Financials, Integration Network and Worker Spend Management.
• Workday consistently delivers enterprise-class capabilities via SaaS at a fraction of the cost of buying, implementing, maintaining and evolving on-premise solutions.
• Workday also delivers significantly faster time-to-value compared to on-premise approaches.

Comments on the News
“Workday continues to deliver the important functional and architectural capabilities required by complex, global organizations that place process and business rule agility central to their business strategy,” said Naomi Bloom, managing partner at Bloom & Wallace.  “Not only does the multi-tenant SaaS model provide faster innovation at a lower initial and ongoing cost, but Workday has also leveraged a flexible object model and related enabling tools to deliver software that is capable of handling the dramatic changes in regulatory requirements for HRM and Payroll that I expect we’ll see over the next few years.  Any company looking strategically at their core HRMS options should be looking at Workday.” 
 
“Workday update 7 provides the functionality that customers need to go into production worldwide, making this another important milestone in our development efforts,” said Aneel Bhusri, co-founder and president of Workday.  “The pace of innovation we have achieved via Workday’s development platform and SaaS model means we’ve been able to deliver major innovations to our customers, including Workday Payroll, our enhanced API and even mobile solutions like Workday for the iPhone much more quickly than traditional, on-premise systems.  Workday will deliver three major updates to our solutions in 2009, with each one delivering major new capabilities to our customers.  That pace of innovation, combined with the lower costs associated with our SaaS model, deliver amazing value to Workday customers.”

About Workday
Workday is the leader in SaaS-based enterprise solutions for 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.   Workday now has more than 75 customers spanning mid-sized organizations to global Fortune 500 businesses. Workday Human Capital Management and Workday Financial Management use the most 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.

*Page updated 5/11/09

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