PLEASANTON, CA--(Marketwire - Apr 26, 2011) - Workday, Inc., the leader in SaaS-based enterprise solutions for global human resources (HR), payroll, and financial management, today introduces its current update: Workday 13.
Three times per year, Workday releases feature-packed updates to its Human Capital Management (HCM), Payroll, Initiatives, Financial Management, and Spend Management solutions. Unlike traditional on-premise software that requires costly and time-consuming upgrades every 3 to 5 years, Workday's multi-tenant architecture allows customers to move to new updates in just a few days -- at no additional cost -- as part of their regular subscription fees. As of today, all live Workday customers are running Workday 13.
What's New
- Workday HCM. Workday HCM is a unified solution that includes global human resources management and talent management capabilities.
- HR functionality introduced in Workday 13 allows customers to quickly respond to new U.S. healthcare regulations and global personnel data changes. Workday also delivers best-in-class position budgeting, providing visibility into and understanding of workforce cost and capacity. This update also allows HR practitioners and managers to leverage market salary data for benchmarking, fair worker compensation, and manager decision support.
- Workday continues to extend its talent management footprint with the delivery of cascading goals, multi-rater feedback, competency management and talent analytics, and interactive and configurable talent matrix (or "n-Box") reports. These capabilities enable organizations to efficiently support a talent-driven, high-performance organization without the additional cost or complexity of bolt-on talent systems.
- Workday Payroll. With this update, Workday introduces a
