Workday is the cloud-based human capital management and financial management software vendor. It delivers the administrative and user experience across the planning, financials, analytics, talent, and more from a single system. The Workday software provides the right way for overseeing the financial accounting, time tracking, expense management, procurement, from anywhere anytime.
In 2006, Workday released its first product, workday human capital management, and later it released the financial suite, the workday monetary management. The company made the stock public offering in October 2012 at the New York Stock Exchange. Later Workday announced it had adopted IBM Cloud for testing and software development. The company even unveiled a plan for delivering integrations that mirrors how people want to work across Workday’s HR and financial applications, and Microsoft Office 365.
The enterprise software provides human capital management functionality and financial management for companies across different industries such as higher education, financial services, manufacturing, technology firms, retail and hospitality, healthcare and life sciences, state and local government.
The main features of the Workday are organization management, absence management, career and development planning, time tracking, benefits administration, cloud connect for the third party roll, and goal management.
The benefits of Workday are that it enables 24/7 access to the information over a secure network. It provides easy access for making personal information updates, such as direct deposit selections, contact information, and W-2 withholdings. It gives the managers, executives, administrators, for ready access to the current information.
The composite reporting tool provides the multidimensional operational and financial reporting and analytics designed specifically for the large enterprises. The applications enable the Workday users for applying machine learning and predictive analytics to the financial data and Workday HCM. Its budgeting, forecasting tool, and Workday Planning helps in unifying finance analytics and HR. With the help of Workday transformation, the finance and HR strategy can be defined, approached, and the technology can be made agile to drive crucial revenue and business outcome to the companies that use Workday. The company makes money by selling the subscriptions rather than selling the software.
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| Company Name | Website | Location | Revenue |
|---|---|---|---|
| Amcor | www.amcor.com | Switzerland | $13 Billion |
| Atlassian | www.atlassian.com | Australia | $1 Billion |
| Autodesk | www.autodesk.com | United States | $4 Billion |
| FedEx | www.fedex.com | United States | $89 Billion |
| Fiserve | www.fiserv.com | United States | $15 Billion |
| Company Name | Market Share |
| SAP | 11% |
| Workday | 9% |
| Ultimate Software | 7% |
| Oracle | 6% |
| 6% | |
| IBM | 5% |
| ADP | 4% |
| Cornerstone OnDemand | 4% |
| Skillsoft | 3% |
| Benefitfocus | 2% |
| Others | 43% |
