Workday
4 Reviews 4/5 ★ ★ ★ ★ ★A web-based Enterprise Management Cloud software that combines financial and human capital management solutions.
Product Overview
Workday is a web-based enterprise software that offers financial and human capital management solutions for various industries. The platform boasts unified finance and HR functionalities, bringing real-time insights and auditable process management via a modern SaaS model.
Workday stands out for its integrations with over 600 third-party tools, in-depth people analytics, and AI-driven employee engagement and skills management. It features the Workday Peakon Employee Voice, an AI-based tool for employee engagement, and the Workday Skills Cloud for AI-based hiring and employee development. It also includes mobile apps for employee self-service, such as timekeeping and viewing benefits.
Pros
- Brainstorms from community suggestions
- Configuration flexibility
- Powerful frameworks
Cons
- No live chat or knowledge base
- No free version or trial available
Target Market
Large companies with over 2,000 employees and complex operations across multiple regions or entities. The system can be used by a wide range of industries including: financial services, healthcare and life sciences, higher education, manufacturing, retail and hospitality, service businesses, state and local government, and technology firms.Video Overview
Workday Key Features
Financial Management
- Core Accounting: Includes a general ledger, accounts receivable and payable, and cash and asset management that supports global businesses.
- Auditing: All transactions are documented for streamlined auditing to stay compliant.
- Reporting and Analytics: Turn financial data into visual reports and real-time analytics to keep track of the company’s financial health.
- Innovative Technology: Utilizes an object-oriented architecture prioritizing speed, usability, and flexibility, representing data as real-world entities for modern business needs.
- Global: Provides a comprehensive view and single source of truth for managing talent, revenue, costs, and growth globally.
Human Capital Management (HCM)
- Human Resources (HR): Maintain employee records, benefits, and payroll in one system.
- Employee Feedback: Send surveys and hear employee feedback to better their work experience.
- Workforce Management: Create schedules and have an employee self-service portal for timekeeping.
- Talent Management: Aquire leading talent and retain top-performing employees using analytics.
- User Experience: Intuitive and designed for collaborative, on-the-go, real-time work, catering to all organization members.
Workday Adaptive Planning
- Financial Planning: Create data-based budgets, plan for different financial scenarios, and use reports to help calculate future revenues and expenses.
- Workforce Planning: View insights on employee metrics like timekeeping and HR analytics to plan for future jobs and hiring.
Product Overview
Developer Overview
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User Reviews of Workday
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Workday Review
Back office can not send back invoices
Pros
The system is Glitchy.
Cons
To many screens to click to find supplier payments
An opportunity to optimize our processes
We took Workday as an opportunity to optimize our processes. We needed a modern solution like Workday. Our young staff likes that they can clock in and out with a mobile device. There was no training and it was quite intuitive. We like the real-time data that is accessible wherever we are. Managers have all the information they need to do a better job.
Workday has made the internal process more streamlined
We’re mainly doing business in Puerto Rico. The reason for going into Workday as an integrated platform is because we had gone through a similar exercise a few years ago on the bank side. It let us acquire banks 3 times larger than our size and easily integrate the customer base. At other points in time we had fragmented systems on the back end which posed a problem. We looked at Workday as part of this biggest puzzle.
Workday has made the internal process more streamlined. It also puts the information on the fingertips of the rest of the organization. Now information is so available to us, and we see Workday as part of a larger ecosystem that supports the growth of the bank.
The reporting in Workday lets us drill down our data
We employ 4,500 staff and 2,200 volunteers. We have 750 shops and stores. A challenge we were facing was having so many systems throughout our organization. These 6 systems did not talk to each other and were not connected.
We did not know who was in what team as you couldn’t see people across the organization. Each shop would need to submit a time-sheet into the HR center. These were sent via post or email, and then recalculated or reentered.
The reporting in Workday lets us drill down our data and makes a big difference in how we run our business. We like the integrity of Workday as well, as they will answer any question we have. Any of our stores can get answers from Workday directly which frees up our HR staff and lets them analyze data more and answer questions less.
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