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

• Growing demand for AI-driven analytics boosts Workday's product enhancement opportunities.
• Remote work trends increase need for Workday's cloud-based HR solutions.
• Public sector adoption of cloud ERP solutions expands Workday's market.

What critics are saying

• Emerging HR tech startups like Buk challenge Workday's market share.
• Recent layoffs may impact employee morale and service delivery.
• Integration issues with Nayya partnership could affect customer satisfaction.

What makes Workday unique

• Workday offers a comprehensive suite of cloud-based HR and finance applications.
• The company emphasizes continuous software updates and customer satisfaction.
• Workday's Peakon Employee Voice tool enhances employee engagement insights.

Help us improve and share your feedback! Did you find this helpful?

YesNo

Funding

Total Funding

$209.4M

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

IPO funding comparison data is currently unavailable. We're working to provide this information soon!

IPO Funding Comparison

Coming Soon

View all funding stages