WALNUT CREEK, CA -- 05/19/08 --
Workday's update 4 is focused on expanding
the footprint of our business services as we work to meet the needs of
global midsized businesses and large enterprises.
What's New
-- Payroll: For enterprises, Payroll is tightly coupled to human resources
solutions, making it a key requirement for large organizations as they
transition from aging on-premise systems to Workday's on-demand business
services. Workday Payroll is available in pre-production to select
customers and will be generally available in fall 2008. Workday customer
McKee
Foods is the pilot customer for Payroll.
-- Human Capital Management: New capabilities include absence management
and matrix (dotted-line) management.
-- Business Management: Workday is introducing expense management,
procurement and resource and asset management. These new solutions are
focused on the needs of organizations in the services industries.
-- Enterprise Foundation: Workday continues to build out the underlying
capabilities that support its business services.
-- Workday has extended the functionality of its Business Process
Framework, with additional configurability options, including
connections to third-party applications, designed to meet the unique
and changing needs of customers.
-- Building on the recent acquisition of Cape Clear Software, Workday
now offers live Web services integration to Excel and simple two-way
Web services connections to third-party applications.
-- Workday also provides the ability to bring custom reports into a
user-configurable home page as Worklets(TM).
Comments on the News
"This Spring update is a major milestone for Workday as we can now span the
major capabilities -- human resources and payroll -- that global
enterprises require to manage a company's most important asset -- their
people," said Aneel Bhusri, co-founder and president of Workday. "We are
pleased to have the deep customer support from partners such as McKee Foods
to help us bring new solutions to market.
"As importantly, we continue to build out Workday's Business Management
footprint with tools for managing contemporary services businesses.
Additions such as expense management and procurement will offer customers a
broad solution for supporting and managing their operations as we put more
emphasis on our go-to-market for these solutions in the second half of
2008."
"We are pleased to be collaborating closely with Workday on the requirements
for this new payroll solution," said Mark Newsome, senior Corporate Human
Resources manager of McKee Foods. "We subscribed to Workday's services for
the unique combination of innovative business solutions and true
partnership. This development process represents the value of Workday's
approach and McKee is excited about future opportunities to work together."
Payroll
Workday Payroll
delivers complete payroll processing coupled with Workday's Human Capital
Management and Business Management solutions. Built on an entirely new
model, the system leverages a global calculation engine and payroll
framework. This flexible foundation allows Workday to rapidly localize
payroll for regions and countries without the expensive redevelopment
efforts associated with traditional on-premise systems. Workday also
delivers packaged integration to outsourced payroll providers.
Human Capital Management
New additions to Workday Human Capital Management include:
-- Absence Management: Built on the same core calculation engine as Workday
Payroll, Absence Management is fully rules-based and configurable, managing
eligibility, accrual and leave balances. It also supports leave of absence
as well as employee self-service and manager reporting.
-- Matrix Management: Workday now supports the complex reporting
relationships that are typical of large organizations. Matrix manager
allows 'dotted-line' reporting, while maintaining supervisory
organizations. Companies and workers can track, view and report matrixed
organizations, and matrix managers can be included in human resources and
other business processes.
-- Translation and localization: Workday employee self service is now
available in French and Spanish and name and address formats have been
extended to support more than 75 countries. Workday has also delivered
support for global job and worker information. Workday will continue to
aggressively expand its global capabilities through 2008 and beyond.
-- Workday has completed integrations to Taleo Business Edition for
recruiting and to Kronos Workforce Timekeeper to deliver worker information
for time and attendance. Workday also connects to salesforce.com to
automatically activate and deactivate users at hire or termination events.
Business Management
Capabilities in the Workday Business Management suite now include:
-- Procurement: Workday supports the complete Procure-to-Pay process of
the contemporary knowledge worker and services organization, supporting
purchasing of everything from PCs and office supplies to contingent labor.
-- Expenses:
Workday combines a contemporary, Web 2.0 user experience with the worker,
accounting and workflow controls required for global enterprises. The
Expenses solution shares the Workday HCM object model, allowing direct
repayment of workers without redundantly setting up employees as suppliers.
--
Resource and Asset Management: Workday consolidates the tracking,
management and accounting for all physical and intangible resources, such
as fixed assets, inventory, leases, licenses and expensed items. By
separating the financial and tracking decisions, it allows all business
resources to be accounted for according to accounting rules and tracked
according to business use.
-- Workday now integrates to OpenAir for professional services automation
and includes BAI2 bank statement integration and NACHA - ACH PPD payment
formats for employee expenses.
Enterprise Foundation
-- The Workday Business Process Framework enables business people to create,
modify, execute and monitor sophisticated business processes across Workday
services and integrated third-party solutions. Workday now offers about
100 pre-configured business processes that can be modified to meet the
needs of organizations and work groups.
-- Enhanced reporting: Workday's report writer allows three additional ways
for individuals and organizations to leverage information stored in
Workday:
-- Reports-as-a-service: with a click of a button, any custom report
within Workday can be exported to a third-party application via RSS
or a REST-based Web service, enabling a seamless connection to
productivity applications such as Microsoft® Excel®. Workday
roles and security are maintained, so a spreadsheet shared among
users will automatically populate with the data appropriate for each
individual.
-- Enterprise Interface Builder: Workday enables Web services
connections to productivity applications for exporting and importing
data into the Workday system. When managers complete a bonus
worksheet in Excel®, for example, they can now instantly upload
their allocations back into Workday.
-- Custom Worklets(TM): users can now take their custom reports and turn
them into Worklets, our term for small windows into the information
resources people want to track in their daily jobs. Worklets can be
part of a user configurable 'home' page and can be shared among
people, while retaining role-based permissions.
About Workday
Workday is delivering the first on-demand alternative to ERP, with a new
generation of solutions designed to meet the needs of today's dynamic and
global businesses. Built on a completely new model, Workday Human Capital
Management and Workday Business Management use the most modern,
standards-based technologies to provide an unparalleled level of agility,
ease-of-use, and integration capability. For more information about
Workday, please visit www.workday.com.
© 2008. Workday, Inc. All rights reserved. Workday and the Workday logo
are registered trademarks of Workday, Inc. Workday Enterprise Business
Services, Workday Human Capital Management, Workday Business Management,
Workday Financial Management, Workday Resource Management and Workday
Revenue Management are all trademarks of Workday, Inc. All other brand and
product names are trademarks or registered trademarks of their respective
holders.
Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=761964
Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=761960
Media Contact Information
Andrew McCarthy
Workday
(925) 951-9137
Email Contact
