In today’s fast-paced and technology-driven world, businesses constantly seek cloud-based platforms to increase productivity and operational efficiency across their workforce.
Workday Cloud was created to help you achieve that with ease!
Workday paved the way for seamless human resources (HR) and financial management with Workday Cloud – a set of cloud-based solutions that streamlines all your human resources and financial management processes, so you can direct your time towards other strategic tasks.
Read on to learn more about Workday Cloud and how our senior-level Workday consultants can help your organization.
What is Workday Cloud?
Workday Cloud is a complete suite of cloud-based software applications created to manage and optimize critical aspects of any workforce, including human resources (HR), financial management, and workforce planning initiatives. Workday offers an intuitive, user-friendly interface that empowers companies to handle their people efficiently and strategically, no matter what.
Elements of Workday Enterprise Management Cloud
Workday Cloud is comprised of an all-encompassing set of cloud-based applications; here’s what you’ll find within the suite:
Human Capital Management
Workday’s Human Capital Management (HCM) module is a single system with a single source of data, a single user experience, and a single security model. Organizations have access to a cloud-based platform that evolves as their business needs and goals grow and change over time.
The system also has a user-friendly interface to ensure that customers are always on the most current version with the most recent capabilities, regardless of whether the user is on a browser or mobile device.
- Gain better insights into the global workforce
- Quickly adapt operations to improve key metrics
- Empower and engage employees
- Leverage a flexible framework to complete tasks
Workday Financial Management combines the fundamental financial management capabilities from a robust cloud computing solution with a flexible, global foundation for better visibility and accessibility across teams. It can track employee time (including regular and overtime hours) and manage reimbursements, accounts payable, and more.
It goes far beyond just managing financial processes to gain better insights, improve financial consolidation, shorten the time it takes to complete a deal, implement internal audibility, and create uniformity across international operations.
- Gain better visibility of your business
- Provide relevant financial insights for business managers and executives on any device, at any time
- Offer extensive audits for payroll processing and other financial operations
- Support organizational, reporting, and process changes without interrupting business operations
- Leverage an easy-to-use interface to improve user experiences
Users can build scenarios and standardize worker plans across intricate and varied business segments using Workday Adaptive Planning. With built-in connection to Adaptive Planning functions, users can build distinct business and revenue models for individual business units, while also managing a single strategic workforce model distributed across the entire organization.
It provides streamlined sales plans, budgets, and forecasts and aligns headcount with operational objectives, allowing users to spend more time on strategic tasks rather than tedious manual ones.
- Simple to use
- Integrated analytics
- Flexible resources for faster decisions
- Scalable to meet organizational needs
- Quicker startup times and better time-to-value
Reporting and Analytics
Workday’s reporting and analytics functionality allows you to make strategic workforce decisions with increased confidence. And, because businesses change over time, you’ll require real-time intelligence to act swiftly and choose wisely. In the same secure system you use to collect your people’s data, Workday offers workforce analytics and transactions to improve data management and security in the long run.
With this, you can observe current operations and areas of improvement and act immediately. Users will gain insight into critical business data through core reporting and analytics resources, bring external data into Workday for analysis, and leverage automation tools to assess risks, trends, and opportunities across teams.
- Provide a streamlined user experience
- Leverage machine learning (ML) and artificial intelligence (AI)
- Establish a competitive benchmark
- Leverage self-service tools and real-time analytics
Key Features of Workday Cloud
Here’s a look at the key features of Workday Cloud:
Workday provides true cloud-based architecture, enabling Workday systems to grow and offer new innovations to customers over time.
Business-Optimized Developer Environment
The Workday Cloud platform is interoperable, adaptable, and open. And, with simple, minimal-code tooling, it’s easy to connect with other systems and develop new applications as needed.
Intuitive Data Core
To help your business make better decisions, the intelligent data core combines Workday data with external data and offers enhanced visibility into your most important data sources. This gives users access to real-time insights and improves knowledge transfer across teams.
Workday provides a custom experience across devices and collaboration tools, such as Microsoft Teams and Slack. It can be accessed whenever and wherever your employees need it, making it easier to complete tasks and stay productive over time.
Users can leverage Workday’s easily configurable framework to make changes without having to involve IT teams. This enables users to leverage self-service tools safely and securely, regardless of their level of Workday knowledge or experience.
Integrated AI and ML
Workday utilizes direct AI and ML connections in analytics, workflows, and user experiences to offer as much flexibility as possible for users across teams.
Workday Enterprise Management Cloud vs. Enterprise Resource Planning
Workday’s Enterprise Management Cloud pushes your organization forward to new heights, whereas a traditional ERP system could set you back with outdated functionality. Let’s take a closer look at the main differences between the two solutions:
Workday Enterprise Management Cloud
By leveraging machine learning and automated intelligence capabilities, Workday provides intelligent features that eliminate friction from your work processes. This way, users can adopt Workday’s innovative features without causing harmful interruptions to existing business processes.
A Complete View:
Workday encompasses HR, finances, and operational data in a single system, so you can see what works and what doesn’t. This enables companies to act proactively and gain total visibility into their most important business strategies.
Workday seamlessly evolves with your needs by quickly altering processes to match your operational objectives without complex coding, all while maintaining security in the process.
Business processes are constantly changing, and your plans should too. Workday empowers users to anticipate future business scenarios and proactively plan, execute, and pivot mid-execution if things aren’t going as planned.
Enterprise Resource Planning:
Enterprise Resource Planning (ERP) systems are cloud, SaaS (Software as a Service) software systems that provide a set of business applications to cover all financial management, procurement, and HCM processes. Even still, it’s important to know that not all ERP systems are alike, and they can have issues in different product or service areas that may hinder employee productivity or engagement..
With traditional ERPs, company and employee data can be found in many systems across the business landscape, and the process of transferring it can be time-consuming and prone to errors. So, rather than using the data to improve decision-making, it often hinders your ability to do so.
Changing business processes across different applications can be inconvenient, even with a functional cloud ERP system. Because of this, you’ll likely have to distort your business for it to work, instead of making it work for you.
Enterprise software often forces you to create and stick to a couple of plans, but businesses typically operate differently. So, when work conditions change unexpectedly, your plans won’t be able to adapt to meet them, leading to reduced productivity and connection across teams
Often, vendors provide application tools that only work with specific technology, and adopting these tools requires costly customization and upgrade processes. So, instead of trying to upgrade your application, you’d rather stick with a system that no longer meets your needs.
Advantages of Workday Cloud
Here are the key advantages of Workday Cloud architecture:
- Increased workforce productivity
- Better insights into company data
- Increased employee engagement
- Reduced operational costs
- Improved workforce efficiency
How Can We Help?
Looking to leverage a cloud-based Workday platform to streamline and integrate work processes and increase productivity? We can help with that. Need help implementing an intuitive application that can provide comprehensive data, ranging from employee performance statistics to financial management data, and more? We cover that too. Regardless of where you are in your Workday journey, Surety Systems is here to help.
Our senior-level Workday consultants have the skills and experience needed to help you successfully implement new Workday software and make the most out of your technological investment. Let us be an advocate for your needs!
Interested in learning more about Workday Cloud? Ready to start your Workday journey with Surety Systems? Contact us today!