Workday Positioned as a Leader in SaaS Human Resource Management Systems Report
(Thomson Reuters ONE) -
PLEASANTON, CA--(Marketwired - Aug 29, 2017) - Workday, Inc. (NYSE: WDAY), a
leader in enterprise cloud applications for finance and human resources, today
announced it has been positioned as a leader in "The Forrester Wave(TM): SaaS
Human Resource Management Systems, Q3 2017," a new report published by Forrester
Research, Inc. Workday received the highest score in the strategy category and
earned the highest possible scores in 16 criteria, including business vision,
usability, and mobile.
According to the report, "In addition to its prominent HCM brand reputation,
Workday articulates a clear vision for the transformational value of the HR
function and an innovative technology vision based on business flexibility,
advanced analytics and UX, and a unified platform." Forrester also states,
"Workday HCM is a good fit for large to very large multinational companies,
especially those with an agenda to elevate the value of HR and improve the
employee experience. It is also a good fit for midsize companies that have
relatively sophisticated HR processes."(1)
Workday was built based on the vision that the cloud was a far superior choice
for customers over on-premise HR systems -- with one version of software, one
customer community, one codeline, and a single security model and user
experience. This concept of the power of one makes it possible for Workday to
deliver new innovations to customers more continuously, meaning they are always
on the latest, most up-to-date version -- with more than 70 percent of Workday
customers live and a customer satisfaction rating over 95 percent.
Since its inception, Workday's product team has relied on close relationships
with customers to build the kind of products that will not only meet, but exceed
customer needs and transform the way they work. As a result, two new offerings
were made available in the last year that seamlessly connect with and extend the
power of the company's flagship HR system -- Workday Human Capital Management
(HCM) -- to drive employee engagement, strategic decisions, and business growth.
Workday Learning is an application that offers a personalized, social, and
interactive learning experience for organizations to encourage career
development at every stage of the employee journey, and Workday Planning is the
first planning, budgeting, and forecasting application that unifies financial
and workforce planning with analytics and transactions in one system.
Comment on the News
"We consider Forrester's recognition of Workday as a leader a result of our
unyielding commitment to delivering the cloud HCM technology and experiences
that drive customer success," said Cristina Goldt, vice president, HCM products,
Workday. "We will continue to partner closely with our customers to provide the
capabilities they need to keep pace in a dynamic business environment -- now and
into the future."
(1) Forrester Research Inc. "The Forrester Wave(TM): SaaS Human Resources
Management Systems, Q3 2017," by Paul D. Hamerman with Christopher Andrews, Sara
Sjoblom, Bill Seguin, and Andrew Reese, August 2017.
About Workday
Workday is a leading provider of enterprise cloud applications for finance and
human resources. Founded in 2005, Workday delivers financial management, human
capital management, and analytics applications designed for the world's largest
companies, educational institutions, and government agencies. Organizations
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, statements regarding the expected performance and benefits of Workday's
offerings. The words "believe," "may," "will," "plan," "expect," and similar
expressions are intended to identify forward-looking statements. These forward-
looking statements are subject to risks, uncertainties, and assumptions. If the
risks materialize or assumptions prove incorrect, actual results could differ
materially from the results implied by these forward-looking statements. Risks
include, but are not limited to, risks described in our filings with the
Securities and Exchange Commission (SEC), including our Form 10-Q for the
quarter ended April 30, 2017 and our future reports that we may file with the
SEC from time to time, 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.
© 2017. Workday, Inc. All rights reserved. Workday and the Workday logo are
registered trademarks of Workday, Inc.
Contact Information
Media Contact
Samantha Sok
Workday
+1 (312) 315-8190
Samantha.Sok(at)Workday.com
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Workday Inc. via GlobeNewswire
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