Workday provides companies with cloud-based applications for human resource and financial management. These applications are broken down into three main categories: Financial Management, Human Capital Management and Insight Applications. Workday also provides higher-education institutions with a cloud-based application for tracking student academic achievement and financial aid.
Workplace applications are designed to be simple, intuitive and visually appealing like consumer websites. The cloud-based system allows smooth transitions between multiple devices such as laptops, mobile devices and tablets. The integration of financial management processes like payroll with human capital management functions within the cloud allows the user to tailor data and reporting requirements without costly system customization, as was the case for previous software-based ERP systems. The cloud-based design also allows for Workplace to provide customer technical support from anywhere in the world.
Data security is a major concern for any cloud-based application. Workday's website provides information about its security procedures for reliable data storage and data transfer, as well as Service Organization Controls Reports.
Workday was founded in 2005 by Dave Duffield and Aneel Bhusri in Pleasanton, California. Workday became a publicly traded company in 2012 and is traded under the ticker symbol "WDAY." In 2015, Workday's applications supported over 900 clients including major global companies like Hewlett-Packard and Chiquita Brands International.