Rise of WorkDay in the ERP World
Ø Hi All, This Blog is about what I have recently gone through the News Papers, Money.CNN, and other Wiki information.
Th 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.
Ø It was founded by David Duffield, the founder and former CEO of the ERP giant PeopleSoft, and former PeopleSoft chief strategist Aneel Bhusri (Indian origin) following Oracle‘s hostile takeoverof PeopleSoft in 2005.
Ø Workday makes money by offering subscriptions to services rather than selling software. Expenses are booked up front when it signs on a new customer but the associated revenue is recognized over the life of multiyear agreements. Workday does “not expect to be profitable for the foreseeable future”.
Ø Workday looks and works like your favorite consumer web site. With a minimal amount of training, every type of user—from the C-suite to managers and individual contributors—quickly adopts Workday. From the first time users interact with the application, they just get it.
C This is a good sign why SAP acquired Success Factors, for the Cloud Business to Kick off. Will write another Blog which will explain more about Success Factors and SAP in the World of HR. Success Factors is the Company who operates its HR business in Cloud completely.
End of the Day, Three things that are Important. Improve, Innovate, Grow. That what I personally feel in the SAP as a ERP.