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Workday Revolutionizes Enterprise Software with SaaS-based HR and Financial Solutions

Strategic Insights

— 1 min read

Workday, Inc., the leader in enterprise-class SaaS-based Human Resources (HR) and Financial solutions, has successfully implemented its solutions for more than 60 customers worldwide, with phase-one deployment times averaging under 120 days. This milestone showcases Workday's commitment to transforming the way enterprises manage their HR and financial operations. By leveraging the Software-as-a-Service (SaaS) delivery model, Workday offers solutions that are less complex, more cost-effective, and simpler to deploy than traditional on-premise systems.

Key Takeaways:

  • Workday has more than 60 customers in production across 49 countries, with a global reach spanning mid-sized organizations to Fortune 500 businesses.
  • The company's multi-tenant SaaS platform allows customers to configure their systems, eliminating the need for customization and costly IT projects.
  • Workday issues three updates per year, ensuring customers have access to the latest features and functionality, with updates taking approximately 14 days compared to months or years in the on-premise world.
  • A study by Panorama Consulting found that ERP implementation timeframes for organizations larger than 500 employees averaged over 25 months, while Workday's average implementation time is under 120 days.
  • Recent go-lives include ConvaTec (8,000 employees), Savvis (2,200 employees), Edwards Angell Palmer & Dodge LLP (1,200 employees), StoneRiver (2,000 employees), and Websense (1,400 employees), all of which deployed Workday's Human Capital Management (HCM) solution within a short timeframe.
  • Workday's deployments are typically 30 to 50 percent less expensive than on-premise ERP, and take a fraction of the time and effort, according to CEO Dave Duffield.

Statistics:

  • More than 60 Workday customers are live in the system across 49 countries.
  • Workday phase-one deployment times are averaging under 120 days.
  • Panorama Consulting study found ERP implementation timeframes for organizations larger than 500 employees averaged over 25 months.
  • Workday updates take approximately 14 days compared to months or years in the on-premise world.

Sources:

  • Workday, Inc.
  • Panorama Consulting
  • Marketwire (via COMTEX)

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