Enterprise resource planning, or ERP, software has been around for a long time. Even while traditional ERP vendors like Oracle and SAP seem to have stagnated, there are still improvements to be had. And that is where Workday comes in.
Workday offers ERP software using one of the more modern formats, software as a service (SaaS), providing a web-based solution for those looking at updating how they manage human capital and internal finances. To get a better understanding of what Workday has to offer, here are some highlights.
What Workday Does
First and foremost, Workday is an ERP solution. It allows users to oversee critical data in areas like personnel files, time tracking, financial accounting, expense management and procurement activities. Like all ERP offerings, the goal is to provide a central point for the management of diverse portions of a business’ operations.
In fact, Workday has even added enhancements designed to make managing international business activities simpler for multinational corporations.
While many large organizations have on-site ERP installations, some of which are becoming quite antiquated, having a cloud-based solution like Workday can entice many to make a switch. Instead of managing the maintenance associated with on-site installations, including the personnel and other resources required to keep things operational, web-based opportunities alleviate those expenses.
Additionally, most cloud-based solutions are highly scalable, making them easier to adjust should the business experience something unexpected that changes their needs.
Why Workday Deserves Your Attention
Business is becoming increasingly cloud-based. The ability to access resources from different devices and multiple locations makes the platform itself very appealing. Live data is instantly viewable once you access the interface, allowing you to take action as soon as an issue is identified.
The Workday system also offers planning and analytics capabilities, allowing your company to keep up the pace more efficiently.
Application modules enable you to use Workday in a way that complements your operations. Financial and human capital management are the cornerstones of the solution, while the planning capabilities provide cross-functional teams the ability to collaborate more effectively within a single, secure system. Professional Services Automation (PSA) assists in the planning of resource use for optimal utilization based on the projects at hand.
Educational institutions can even benefit from the Workday Student applications that are specifically designed to help students, and the institutions that serve them, thrive.
Aside from education, Workday also provides solutions for the following industries: financial services, government, healthcare, hospitality, insurance, life sciences, manufacturing, not-for-profit, retail, technology and more.
Workday focuses on usability as well as capability, ensuring the modules are appropriately streamlined and easy to use.
In an arena that has seemingly become complacent, Workday looks to shake things up.
If you are looking for more information about how Workday can help your business or are looking for the technical professionals to help you support your operations, the Squires Group is here to help. With experience working with clients in fulfilling their hiring needs, the Squires Group has the knowledge and expertise to find the best candidates for your open positions. Contact us today and see what we have to offer.
