Workday rolls out more features for large companies, aims at SAP and Oracle

Workday version 18 focuses on expanded financials capabilities for multinational enterprises

Workday on Monday unveiled a new set of enhancements to its cloud-based ERP (enterprise resource planning) software aimed at winning business from large multinational companies.

The announcement, made as Workday begins its Workday Rising user conference, continues a strategy the vendor has pursued for some time. As large companies weigh what to do with their aging on-premises ERP installations, many of which were implemented decades ago, Workday is hoping to beat out the likes of SAP and Oracle, which are both trying to offer companies more cloud-based software.

To that end, Workday version 18 features a beefed-up financial management component that includes improved global tax and payment capabilities; more detailed reporting functionality; and a "project scenario planning" feature that uses Workday's human-resources software along with the financials module, allowing managers to "allocate resources seamlessly across projects with details that include cost, worker availability, skills, and experience," according to a statement.

Workday 18 also features grants management and fund accounting for government bodies and educational institutions, Workday said.

Other new features in the update focus on human resources capabilities, such as a new employee profile system and the ability to punch in and out of work from mobile devices and web browsers.

Workday has also made additions at the platform level, with custom field management tools that make it easy for customers to configure the software to their liking, according to a statement.

The announcement comes in the wake of Workday's recent, highly successful IPO filing, which raised not only more than $600 million but also the company's public profile, which had already been on a steady climb.

Workday 18, however, provides substance to go along with the flash, according to analyst Ray Wang, CEO of Constellation Research.

"These back office products take time to get there, but the cloud model means they are iterating and innovating very quickly," Wang said. "If SAP and Oracle financials are a 10, Workday is a seven moving towards an eight. A 10 would be the ability to support every unusual use case. An eight [means] most global 2000 companies can use this."

Wang's company is seeing a "growing ERP refresh cycle," he said. "It starts with edge apps like talent, recruiting, expenses and projects, and eventually the core gives way as users and organizations want to tap into the innovations delivered in the cloud. The last to go is core finance, but more and more folks realize that this will go too."

Chris Kanaracus covers enterprise software and general technology breaking news for The IDG News Service. Chris' email address is Chris_Kanaracus@idg.com

Join the Good Gear Guide newsletter!

Error: Please check your email address.

Tags Internet-based applications and servicesapplicationsenterprise resource planningsoftwarecloud computingFinancial / taxinternetworkday

Our Back to Business guide highlights the best products for you to boost your productivity at home, on the road, at the office, or in the classroom.

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Chris Kanaracus

IDG News Service
Show Comments

Most Popular Reviews

Latest News Articles

Resources

PCW Evaluation Team

Azadeh Williams

HP OfficeJet Pro 8730

A smarter way to print for busy small business owners, combining speedy printing with scanning and copying, making it easier to produce high quality documents and images at a touch of a button.

Andrew Grant

HP OfficeJet Pro 8730

I've had a multifunction printer in the office going on 10 years now. It was a neat bit of kit back in the day -- print, copy, scan, fax -- when printing over WiFi felt a bit like magic. It’s seen better days though and an upgrade’s well overdue. This HP OfficeJet Pro 8730 looks like it ticks all the same boxes: print, copy, scan, and fax. (Really? Does anyone fax anything any more? I guess it's good to know the facility’s there, just in case.) Printing over WiFi is more-or- less standard these days.

Ed Dawson

HP OfficeJet Pro 8730

As a freelance writer who is always on the go, I like my technology to be both efficient and effective so I can do my job well. The HP OfficeJet Pro 8730 Inkjet Printer ticks all the boxes in terms of form factor, performance and user interface.

Michael Hargreaves

Windows 10 for Business / Dell XPS 13

I’d happily recommend this touchscreen laptop and Windows 10 as a great way to get serious work done at a desk or on the road.

Aysha Strobbe

Windows 10 / HP Spectre x360

Ultimately, I think the Windows 10 environment is excellent for me as it caters for so many different uses. The inclusion of the Xbox app is also great for when you need some downtime too!

Mark Escubio

Windows 10 / Lenovo Yoga 910

For me, the Xbox Play Anywhere is a great new feature as it allows you to play your current Xbox games with higher resolutions and better graphics without forking out extra cash for another copy. Although available titles are still scarce, but I’m sure it will grow in time.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?