Workday Adds More Global Capabilities for Financial Management;

Workday Adds More Global Capabilities for Financial Management;
Enhances Performance Management for HCM 
Workday 18 Also Features Advancements in Collaboration, Mobile, and
the Workday Platform 
PLEASANTON, CA -- (Marketwire) -- 11/05/12 --  Workday, Inc. (NYSE:
WDAY), a leader in enterprise cloud applications for human resources
and finance, today announced its latest update, Workday 18. The
update brings significant new capabilities to Workday Financial
Management, enabling global enterprises to better manage finance
operations around the world. Workday also delivers advancements in
workforce collaboration, mobile, performance management, and the
Workday platform. These new innovations offer deeper engagement,
drive pay for performance, and prepare talent for the future, while
also giving organizations greater flexibility they need to configure
Workday to meet business needs. 
Advancing Financial Management Globally and Vertically
 Workday
continues to advance its Financial Management application in the
cloud to bring more global capabilities to large, multinational
organizations, together with advanced industry-specific
functionality. In this update, new global capabilities include
enhanced global tax support, more international payment formats, and
more powerful real-time reporting across divisions and business units
for multi-national organizations. 
Further, Workday 18 includes powerful industry-specific functionality
for education and government, including Grants Management and fund
accounting, driving reporting and compliance. Finally, Workday
combines financial and workforce measures enabling project scenario
planning so organizations can efficiently model the right resources
for the right work. 
Advancements to Workday Financial Management include: 


 
--  Enhanced global tax and payment support gives customers the ability to
    support partial tax recoverability and tax regimes with mixed
    recoverable and non-recoverable tax rates, while enriched
    international payment formats provide greater and more efficient reach
    to different regions.
--  Expanded reporting using Worktags on dimensions such as Division or
    Business Unit provides even more flexible real-time reporting for
    multi-national organizations.
--  
Project scenario planning leverages Workday's unified HCM and
    Financial Management applications, so that managers can allocate
    resources seamlessly across projects with details that include cost,
    worker availability, skills, and experience.
--  Grants Management and fund accounting for education and government
    organizations deliver clear visibility into grant activity, improved
    compliance with grantor reporting requirements and enable the
    monitoring of the use of funds to help ensure they are segregated
    appropriately.

  
Keeping the Workforce Engaged with More Collaboration and Mobile
Features 
 New mobile devices and collaboration technologies continue
to redefine the workplace and give organizations new opportunities to
connect and engage their workforces to drive productivity,
efficiency, and results. Workday brings the best of both worlds into
Workday 18. New features include: 


 
--  A new professional profile that unites talent and professional
    information into a single unified view, so employees can manage their
    own information such as education and experience and import it
    directly from their LinkedIn profile.
--  Team profile for iPad(R) lets managers see key team information and
    composition, including a team calendar, team members, compensation,
    and performance summaries, all from a tablet.
--  Building on the Time Tracking functionality introduced in Workday 17,
    workers can also now check in and out from any mobile device or
    web-browser with ease.

  
New Tools to Maximize Performance Management 
 Human resources teams,
managers, and executives now have the most powerful tools at their
fingertips to maximize pay for performance, prepare talent for the
future, and act proactively on worker trends. With performance and
talent calibration, it's easy for a group of managers to collaborate
and ensure consistency on the performance and talent ratings of their
teams.  
In addition, worker trending analytics can enable monitoring of key
workforce metrics over time in areas such as headcount, worker
activity data, and attrition and turnover, enabling proactive
workforce management. 
Increasing Platform Flexibility 
 Workday delivers on its promise to
drive enterprise-class configurability and flexibility in the cloud
with new custom field management that makes it simple to easily
tailor Workday to unique business requirements. Configurations
automatically carry forward with each update and give customers the
power to easily adapt Workday to their specific businesses needs.  
Comments on the News
 "Workday 18 adds critical capabilities global
organizations need to manage their finances in the cloud and across
geographies," said Stan Swete, chief technology officer, Workday. "By
continuing to tightly unify Financial Management with Workday HCM and
adding more mobile, collaboration, and analytics features to our
applications, enterprises have more flexibility and visibility into
their organizations than ever before with one enterprise cloud
solution." 
About Workday
 Workday is a leading provider of enterprise cloud
applications for human resources and finance. Founded in 2005,
Workday delivers Human Capital Management and Financial Management
applications designed for the world's largest organizations. Hundreds
of companies, ranging from medium-sized businesses to Fortune 50
enterprises, have selected Workday. 
Any unreleased services, features, or functions referenced in this
document, our website or other press releases or public statements
that are not currently available are subject to change at Workday's
discretion and may not be delivered as planned or at all. Customers
who purchase Workday, Inc. services should make their purchase
decisions based upon services, features and functions that are
currently available. 
Copyright 2012. Workday, Inc. All rights reserved. Workday and the
Workday logo are registered trademarks of Workday, Inc. All other
brand and product names are trademarks or registered trademarks of
their respective holders.  
iPad is a registered trademarks of Apple Inc. 
Media Contact Information
Eric Glass
Workday
(415) 432-3056
eric.glass@workday.com 
 
 
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