Workday
Workday combines human capital management and financial management in one cloud platform, with reporting across both.
What Workday does
Workday is a cloud platform that puts human capital management and financial management side by side. The argument for it is that headcount and cost live in the same system: when hiring plans change, the financial effect is visible without an export. That makes it interesting for companies where people cost is the dominant line in the P&L.
Features
- Human capital management: employee administration, payroll and talent management.
- Financial management: accounting and consolidation.
- Analytics and reporting: reporting across HR and finance data in one place.
- Cloud: real-time access from any device.
- Configurable: designed to be adapted and to scale with the organisation.
Strengths
- One source for people and cost: headcount planning and financial planning read from the same data.
- Reporting across both sides: no export step between the HR system and the finance system.
- Built to scale: the configuration model is designed for organisations that keep changing shape.
Limitations
- Cost: expensive in particular for small companies.
- Implementation effort: the rollout takes time and the platform needs to be learned.
- Connectivity: as a pure cloud platform it depends on a stable connection.
- Pricing is not published: a comparison needs a quote.
Alternatives
- NetSuite – ERP suite with a stronger operations and inventory side.
These entries are currently available in German only.
At a glance
Category | |
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Target group | |
Pricing model | |
Pricing information | Not available on website |
Integrations |
Which finance role do you need?
Discuss your current bottleneck, data ownership and next deadline in a 30-minute introductory call. We will clarify whether you need accounting, FP&A or CFO support and agree on a practical next step.
