Workday Inc. (WDAY)

Overview

Workday, Inc., an American multinational company, specializes in providing enterprise cloud applications globally. It offers an extensive suite of applications designed for financial management, human capital management, and analytics among others to help businesses manage their operations effectively. Originally founded as North Tahoe Power Tools, Inc., the company rebranded to Workday, Inc. in July 2005 and is headquartered in Pleasanton, California. It primarily serves industries such as professional services, financial services, healthcare, education, technology, media, retail, and hospitality.

Products and Services

• Financial Management Applications - These applications include functionality to maintain accounting records in the general ledger, manage financial processes (such as accounts payable and receivable), and provide real-time financial insights. They help enhance financial consolidation, reduce the time to close financial periods, ensure internal control and auditability, and maintain consistency across finance operations.

• Spend Management Solutions - Designed to streamline supplier selection, contract management, and indirect spend management. Additionally, these solutions facilitate the building and execution of sourcing events like requests for proposals, helping organizations optimize their spend.

• Expense Management Solutions - Enable effortless submission and approval of expenses, simplifying the expense management process for both employees and the finance team.

• Human Capital Management Applications - A suite of applications that aids HR teams in recruitment, onboarding, payroll, employee development, reskilling, and enhancing employee experiences. These applications are key in optimizing HR processes and workforce management.

• Planning Applications - Provide tools for effective planning across various aspects of the business, enabling organizations to strategize and execute their plans efficiently.

• Analytics and Reporting Applications - Include augmented analytics to automatically surface insights in an easily understandable format, machine learning to drive efficiency and automation, and benchmarks for performance comparison against other companies. These applications empower organizations with data-driven decision-making capabilities.

• Supply Chain and Inventory Solutions for Healthcare - Offer healthcare organizations supply chain and inventory management solutions tailored to their unique needs, helping them run more efficiently.

• Solutions for Education - Manage the entire student and faculty lifecycle, from admissions to alumni engagement, catering specifically to the needs of educational institutions.

• Workday Extend - A platform for customers and developers to build custom applications that can integrate with and extend the functionality of Workday's core offerings, providing flexibility and additional capabilities tailored to specific business needs.