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PLEASANTON, CA -- (Marketwired) -- 09/10/13 -- Workday, Inc. (NYSE: WDAY), a leader in enterprise cloud applications for human resources and finance, today announced the availability of Workday Big Data Analytics. Designed in partnership with customers, Workday Big Data Analytics redefines how organizations unify multiple sources, sizes, and structures of data with Workday data to deliver insights business leaders need for critical workforce and financial decisions.
Workday Big Data Analytics is delivered as part of the company's latest update, Workday 20, which includes more than 200 new features, approximately 80 of which are customer-driven. In addition to Workday Big Data Analytics, highlights of Workday 20 include the availability of Notebooks on iPad®, and Endowment Accounting.
More Comprehensive Insight into HR and Financials with Workday Big Data Analytics
For many organizations, gaining insight into workforce and financial information has been contingent on whether IT can piece together data spread across multiple sources and systems. As a result, HR and financial decision-makers were often left with disjointed visibility into business problems, which prompted Workday to design and deliver Workday Big Data Analytics tailored to their needs.
Unified with Workday's full suite of applications in the cloud, Workday Big Data Analytics is an end-to-end analytics system that equips business leaders in HR and finance with insights previously seen as too difficult or time consuming to obtain. With a simple, intuitive user interface that matches the Workday experience customers have come to expect, users can quickly combine Workday data with non-Workday data of any source, size, or structure. To add depth to reports and dashboards accessible on a tablet, smartphone, or desktop, customers can either augment existing analytics in Workday or leverage pre-built analytic templates designed for the most requested HR and financial insights.
Built in collaboration with approximately 20 customers including McKee Foods and Spectrum Brands, ten pre-built analytic templates are available today in Workday Big Data Analytics including:
Five templates for HR:
Five templates for Finance:
In addition to Workday-delivered templates, Workday partners including Deloitte Consulting LLP ("Deloitte") and IBM Global Business Services are committed to delivering new templates including:
Contextual Tools to Manage the Business with Notebooks on iPad
Driven by the latest engagement trends in consumer technology, Workday 20 marks the availability of Notebooks, a complete business management tool for decision-makers to organize, label, and swipe through collections of worker profiles and top-line reports on their iPad. Reflective of data that is changed anytime, anywhere in Workday's unified suite of applications, Notebooks empowers executives with real-time insights they can trust.
With a single source of HR and financial information when they need it most, executives can:
Enhanced Functionality for Higher Education in Workday Financial Management
Colleges and universities have relied on disjointed systems and paper trails to integrate accounting of endowed gifts with backend financials. With increased economic pressure on higher education institutions to manage this issue, Workday 20 offers Endowment Accounting. As an enhancement to Workday Financial Management, this is the only solution in the market that provides higher education institutions with a single system for complete insight and management of these crucial funds.
With Endowment Accounting, customers can expect to:
Comments on the News
"Workday Big Data Analytics helps customers answer their critical business questions by combining employee and financial data in Workday with operational data and a growing body of external data," said Dan Beck, vice president of product management, financials and analytics, Workday. "Releasing Workday Big Data Analytics as part of Workday 20 illustrates the pace at which we can deliver new innovations by partnering deeply with our customers. Workday Big Data Analytics in the Workday cloud empowers our customers with greater visibility into information they need to drive greater value for their business."
"Workday Big Data Analytics will enable our HR team to deliver workforce insights tailored to the business problems our executives face today with a system that can scale to tackle future challenges -- and any source, size, or structure of data that comes with them," said Stacey Neu, vice president of human resources, Spectrum Brands. "Pre-built templates in Workday Big Data Analytics will drastically reduce the time we spend piecing together workforce and financial data from cost centers globally. With Workday's unified system, we can move data to real-time metrics our leaders can trust."
"McKee Foods has already seen tremendous value utilizing existing analytics embedded in Workday, so the opportunity to drive even more insight across multiple internal and external data sources is very inviting," said Mark Newsome, director of corporate human resources, McKee Foods. "With Workday Big Data Analytics, we hope to build comprehensive workforce metrics that unify HR, financial, and external data sources so HR managers and company leaders can better define and measure the relationship between our talent and business success."
About Workday
Workday is a leading provider of enterprise cloud applications for human resources and finance. Founded in 2005, 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.
Forward-Looking Statements
This press release contains forward-looking statements including, among other things, our expectations for future templates and performance. The words "believe," "may," "will," "anticipate," "intend," "expect," and similar expressions are intended to identify forward-looking statements. These forward-looking statements are subject to risks, uncertainties, and assumptions. Risks include, but are not limited to, those described our filings with the Securities and Exchange Commission (SEC), which could cause actual results to vary from expectations. Workday assumes no obligation to, and does not currently intend to, update any such forward-looking statements after the date of this release.
Any unreleased services, features, or functions referenced in this document, our website or other press releases or public statements that are not currently available are subject to change at Workday's discretion and may not be delivered as planned or at all. Customers who purchase Workday, Inc. services should make their purchase decisions based upon services, features and functions that are currently available.
© 2013. Workday, Inc. All rights reserved. Workday and the Workday logo are registered trademarks of Workday, Inc.
iPad is a registered trademark of Apple Inc.
All other brand and product names are trademarks or registered trademarks of their respective holders.
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Media Contact Information
Jeff Shadid
Workday
(405) 834-7777
Jeff.Shadid@Workday.com
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