PLEASANTON, CALIF. — April 16, 2013 — Workday, Inc. (NYSE: WDAY), a leader in enterprise cloud applications for human resources and finance, today unveils its newest update, Workday 19. With this update, companies can tailor the Workday experience for their unique business contexts. Workday customers also gain the ability to manage intangible assets, benefit from new levels of insights into headcount planning, and receive a new Workday for Android™ app. In total, Workday 19 includes more than 170 new features, and of those, approximately 70 come from Workday Brainstorm, a forum that captures and shares customer ideas based on popular vote.
Tailor the Workday Experience
With Workday 19, Workday reaches a significant milestone that allows human resources (HR) and finance teams to tailor the Workday experience to support unique customer cultures, business practices, and industries. Traditionally, companies have customized legacy software to such an extent that it results in costly and often impossible system upgrades and sometimes entire re-implementations.
Workday has re-imagined customization completely and, leveraging its adaptive technology foundation, now allows customers to add custom fields and custom labels with integration support. Customer changes will persist throughout the application, across all devices—desktop, smartphone, tablet—and to all integrations and reports. Most importantly, tailored changes will persist through every future update without any additional cost or effort to the customer.
Leverage Embedded Analytics and Industry-Specific Functionality in Workday Financial Management
Workday continues to invest heavily in Financial Management. In this update, Workday fully automates highly complex financial processes, including enhanced support for prepaid expenses, and provides a powerful shared services model to enable centralized customer and expense payments on behalf of other entities. Also in this update, Workday further enhances analytics by leveraging the power of Worktags to enable managers to gain deeper insights into spend by cost center and expense item trends in a new, easy-to-consume expenses dashboard that is accessible on iPad® and desktop browser.
In addition, Workday delivers new industry functionality that addresses the growing importance of intangible asset management. Companies can now use Workday to manage and measure the full life-cycle accounting of intangible assets from contract through amortization, including streaming media rights in media and entertainment, copyrights in publishing, and patents and trademarks in industries like technology.
Gain a Single View of HR and Financial Information for Headcount Planning
Workday 19 enables greater alignment among business lines by bringing financial and headcount plans together with actuals and allowing simple drillable access into the data. Since the information is shared across functions, companies gain a single source of the truth regardless of who is viewing the information. Managers now have the ability to compare finance and headcount plans for practical alignment of business and headcount decisions.
Access Workday from Android Phones
With this update, Workday continues to deliver on its mobile-first strategy with the availability of a new Workday Android app. Workday delivers to Android users the same dynamic experience that customers have come to enjoy with the Workday for iPhone® app. Workday customers can access applications from any mobile device, as part of their regular subscription cost, at no additional fee.
Workday 19 is available to customers, free of charge, as part of their subscriptions fees.
Comments on the News
“Customization in the cloud is a significant innovation, because we can now tailor the Workday application to our specific needs without the worry that it will be complex or costly,” said Margo Hendrickson, Vice President, Human Resources, athenahealth. “With Workday’s custom fields and labels, we will be able to better communicate our brand and culture through the application to make key processes easy to understand, increasing efficiency for our workforce and reducing the extra support needed from HR so we can focus on other strategic initiatives within the business.”
“We take the challenges companies face with their old systems and re-imagine them by applying fresh, new thinking and today’s modern technologies,” said Aneel Bhusri, chairman, co-founder and co-CEO, Workday. “At Workday, we’ve taken a very thoughtful and disciplined approach to extensibility, and as a result, customers running applications in the cloud can now tailor them to make Workday their own.”