Workday Cloud Based ERP System for Planning, HR and Finance
Workday Cloud – Workday is SaaS (Software as a Service) vendor that provides enterprise personnel management and financial management in the cloud. Workday was founded by Dave Duffield, former CEO of PeopleSoft and hostilely acquired by Oracle Peoplesoft.
Workday was designed as a next-generation ERP system relying on various technical standards and SaaS model. Software applications that are accessible on demand are gradually gaining popularity. It is because companies want to reduce costs by paying a monthly fee for these on-demand services rather than purchasing software and installing on their own systems.
Specifically, where traditional SAP and Oracle are legacy on-premises to be able to introduce personnel operations and financial management efficiently at low-cost and with cloud + subscription. However, as competition now both Oracle and SAP focus on the cloud, the competition is increasing.
ERP (Enterprise Resources Planning) is a corporate integrated mission-critical package for visualizing corporate resources to efficiently use corporate resource elements (human resources, goods, money, information) as the base of corporate management Yes, Workday was established as a cloud ERP company, focusing on human resources and finance first.
Market evaluation of workday integrated into a single application is high so that functions such as recruitment, education, personnel evaluation, personnel management/placement, payroll payment, working time management are easy to operate, and customer satisfaction is 97%.
Formation of an Ecosystem in Cooperation with Partner Companies
The ecosystem that forms between cloud services is also a feature of Workday. In addition, for different payroll functions, the company has tied up with leading companies of payroll in each country so that Workday’s payroll environment can cooperate via API.
Workday Cloud Platform
In addition, the company is planning to strengthen the ecosystem by entering PaaS (Platform-as-a-Service) for function expansion and application construction tailored to the business needs of customers by the Workday Cloud Platform.
Difference from Legacy ERP Application
Workday has created a system that is compatible with the cloud from the ground up and realizes functions that cannot be imitated by other companies. With this, the company has defeated competitors who simply added ‘cloud-like’ functionality to traditional models
The legacy ERP application is that the UI and other complexities are complicated due to the hurdles reinforced by the acquisition of the company since the individual customization has been done at customer’s request; the update was such a difficult problem. As mentioned above, Workday realized the ease of use with simple UI by repeating customization and reinforcing standard functions and upgrading with needs.
Also, the problem of long update and costly tasks are also eliminated. Cloud ERP can be cheap in the long run, as vendors will take full responsibility for upgrading on behalf of customers in the case of cloud ERP.
Types of Workday Certifications
- Workday Accounts & Finance
- Workday HCM
- Workday HR
- Workday Integration
- Workday SaaS
- Above market average customer satisfaction.
- Workday offers new sets and capabilities every quarter.
- Workday provides capabilities such as Manager Self-Service (MSS).
- Due to Workday’s deployment of in-memory computing transaction processing has been greatly improved.
- Workday’s service offering is a rarity within a space that is characterized by out-of-date data models.
- Active Ecosystem and can partner quickly.
About Workday, Inc.
Workday, Inc. is a US-based cloud type enterprise application provider for finance and personnel. Founded in 2005, the company aimed at developing human capital management, financial management and analytical applications designed to be used in organizations such as the world’s largest enterprises, educational institutions, government agencies, etc. Workday has introduced to a lot of organizations ranging from midsize enterprises to large enterprises ranked in Fortune 50 companies.