Overview

Workday provides enterprise cloud applications that focus on finance and human resources for medium to large-sized businesses across various industries. Its main products include Workday Human Capital Management, Workday Financial Management, Workday Adaptive Planning, and Workday Student, which help organizations manage their workforce and streamline financial operations. The software operates on a subscription model, allowing clients to pay a recurring fee based on the number of users and specific modules needed. This model supports continuous updates and improvements to the software. Workday stands out from competitors due to its strong emphasis on customer satisfaction and employee engagement, offering tools like Workday Peakon Employee Voice to enhance workforce experience. The company's goal is to provide essential tools that improve operational efficiency for businesses.

Simplify's Take

What believers are saying

• Workday's AI integration enhances workforce optimization and financial forecasting.
• The company is expanding its market presence with new leadership in Canada and ASEAN.
• Workday's recognition in Gartner's Magic Quadrant boosts its credibility in the ERP sector.

What critics are saying

• Emerging AI-driven ERP solutions increase competition for Workday.
• Economic uncertainties may reduce spending on enterprise software, affecting Workday's growth.
• Potential regulatory changes in data protection could increase operational costs for Workday.

What makes Workday unique

• Workday offers a comprehensive suite of cloud-based enterprise applications for HR and finance.
• The company is recognized as a leader in the HCM and ERP markets.
• Workday's subscription model ensures continuous software updates and customer engagement.

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Funding

Total Funding

$852.3M

Above

Industry Average

Funded Over

5 Rounds

Notable Investors:

Greylock PartnersNew Enterprise Associates

Notable Investors:

Greylock PartnersNew Enterprise Associates

$637,000,000

IPO

Oct 2012

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Stock Price