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Company Description

Contact Info

6230 Stoneridge Mall Road

Pleasanton, CA 94588

United States

Phone: 925-951-9000

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Workday, Inc. provides enterprise cloud applications for finance and human resources. The company delivers financial management, human capital management (HCM) and analytics applications designed for the companies, educational institutions, and government agencies. It delivers embedded analytics that capture the content and context of everyday business events, facilitating fast and informed decision-making from wherever users are working. The company provides feature releases two times per year as part of the subscription agreement and when the new feature releases are delivered, the prior version is fully replaced. It delivers its cloud applications using a technology foundation that utilizes the most recent advances in cloud computing and data management and allows it to deliver applications that are highly functional, flexible, and fast. The company’s use of in memory data management allows delivery of embedded business intelligence. It also provides open, standards-based Web-services application programming interfaces and pre-built packaged integrations and connectors. Applications Workday Financial Management Workday Financial Management is an unified application built on a single, global core with a range of financial capabilities, relevant analytics and metrics, and fully auditable process management built to help manage financial processes for global organizations. Workday Financial Management provides the core finance functions of general ledger, global accounting, accounts payable, accounts receivable, cash management, asset management, employee expense management, revenue management, projects, procurement, inventory, and grants management. It also supports built-in financial, operational, and management reporting and analysis in real time without the use of bolt-on business intelligence systems. Workday HCM Designed for the major organizations in the world, Workday HCM allows an organization to staff, pay, organize, and develop its global workforce. This unified application includes global human resources management (workforce lifecycle management, organization management, compensation, absence, and employee benefits administration) and global talent management (goal management, performance management, succession planning, and career and development planning). Other Applications Workday offers various other applications that complement and are unified with Workday Financial Management and Workday HCM. Workday Recruiting is an application that supports the needs of candidates, hiring managers, the interview team, and recruiters. Workday Payroll is designed to address the full spectrum of enterprise payroll needs and provides control, accuracy and flexibility, with native payroll offerings in the U.S., Canada and the United Kingdom, as well as a global payroll cloud partner program to support additional customer needs. Workday Time Tracking, the company’s time and attendance application, is designed to automate workforce management processes. Workday Professional Services Automation (PSA) supports the billable projects lifecycle, including project and resource management, time and expense tracking, project billing, revenue recognition, financial reporting, and analytics within a single, unified solution. Workday Insight Applications leverages advanced data science and machine learning methodologies to help customers make smarter financial and workforce decisions, including retention risk analysis through Workday Talent Insights. Workday Student Recruiting and Workday Student Admissions are available as part of Workday Student, a student and faculty lifecycle information system to help colleges and universities advance their institutions and enable student success. Customers The company has approximately 1,200 customers, with a focus on large, global organizations. Its customer base spans various industry categories, including technology, technology, financial services, business and professional services, healthcare and life sciences, manufacturing, retail and hospitality, education, government and non-profit. Sales and Marketing The company sells the Workday Service through its direct sales organization, that is comprised of field sales and field sales support personnel. It generates customer leads, accelerate sales opportunities and build brand awareness through its marketing programs and through its strategic relationships. The company’s marketing programs target senior business leaders, including finance, HR and IT executives. As a core part of the company’s strategy, it has developed an ecosystem of partners to both broaden and complement its application offerings and to provide a range of services that lie outside of Workday’s areas of focus. These relationships include software and technology partners, consulting and implementation services providers, and business process outsourcing partners, and enables Workday to address the finance and HR-related challenges its customers face while maintaining focus on executing against its strategy. Intellectual Property The company’s patents begin to expire in 2017. Competition The company competes with enterprise application software vendors, such as SAP SE and Oracle Corporation. The company also faces competition from other enterprise software vendors and from vendors of specific applications, some of which offer cloud-based solutions. These vendors include The Ultimate Software Group, Inc.; Automated Data Processing, Inc.; and Infor Global Solutions, among others. The company also faces competition from cloud-based vendors, including: providers of applications for HCM and payroll services, such as Ceridian, Inc.; and providers of financial management applications, such as NetSuite, Inc. History The company was founded in 2005. It was incorporated in 2005 as North Tahoe Power Tools, Inc., a Nevada corporation. In 2005, the company changed its name to Workday, Inc. The company was reincorporated in Delaware in 2012.

 

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Price/Sales 12.9x
Price/Book 15.4x
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TEV/Sales 11.1x
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