What does Workday do?
Workday (WDAY) is an American software developer with global operations and customer coverage. The company offers cloud applications to manage crucial business functions, enabling businesses to optimise their financial and human capital resources. Additionally, Workday provides analytics, financial management and payroll. The developer’s main corporate office is based in Pleasanton, California.
Who are the founders?
Workday was established in March 2005 by David Duffield, founder and former CEO of PeopleSoft, and Aneel Bhusri, former vice president of product strategy at PeopleSoft.
What products does Workday provide?
Workday develops and delivers solutions that are perfectly suited for medium-sized and large enterprises. Here are the company’s core offerings:
- Financial management: these products are intended to enhance and automate key transaction processes and business accounting.
- Financial performance management: these are solutions that help manage the financial consolidation, reporting, analytics, and planning.
- Payroll: Workday provides enterprise payroll solutions for the USA, Canada, France and the UK. For other locations, the company offers software products that help integrate with regional and local providers.
- Human capital management: the company enables planning, recruiting and training of staff members using just one system – Workday Human Capital Management (HCM).
- Prism Analytics: this is a single cloud analytics platform that enables inserting external data sources and generating financial and HR decisions.
- Professional Services Automation (PSA): the solution covers the whole project lifecycle – manages resources, tracks time, costs and revenue, handles project billing, analytics and financial reporting.
- Student information system: a cloud-based system that includes student admission, recruiting, academic advising, curriculum management, student records, student financials and financial aid.
- Workday Cloud Platform: launched in July 2017, this Platform as a Service (PaaS) offering enables developers to create custom apps and extensions from Workday.
- Data-as-a-Service (DaaS): this cloud service provides valuable peer benchmark metrics for a better understanding of a business’s performance in comparison to its peers.
Who are Workday’s clients?
Workday provides solutions to large and medium-scale companies in the following industries: communications, energy and resources, financial services, government, healthcare, higher education, hospitality, insurance, K-12, life sciences, manufacturing, media and entertainment, professional and business services, non-profit organisations, retail and technology.
Workday holds a diverse customer base, which includes the world’s leading companies and organisations, such as Amazon, Adobe, Bank of America, Netflix, Hewlett Packard Enterprise, Rolls-Royce, TripAdvisor, Yale, Johnson & Johnson, Charles Schwab and many more.
Listing
In October 2012, Workday debuted on the New York Stock Exchange (NYSE). Currently, the company is listed on the NASDAQ under the ticker ‘WDAY’ and its shares are included in the NASDAQ-100 index.
To keep up with the Workday share price, follow the WDAY chart via the Capital.com platform on mobile and web.
