After posting feedback from HRTechnology Trade Show, a few questions popped up re: Workday. Recently, Workday shared current plans at their recent user conference – Workday Rising. Apparently over 3,500 attendees showed up to hear what is in the works – and with good reason. Workday is leading the pack of software providers with an integrated (i.e., common code base for recruitment, talent, performance, compensation in one system), cloud based, human resource offering. When taken together integrated and cloud based offers unprecedented potential for HR applications and a sneak peek into the potential power for cloud based application development.
Integrated software has been a common theme (e.g., the success of Microsoft Office by stitching together authoring productivity applications). Starting with a common code base from inception, Workday has taken the same approach with human resource applications (i.e., common application for recruitment, talent, performance and compensation) and financial management applications. Human resource vendors such as ADP (with Workforce Now and Vantage), Ceridian (with Dayforce) and Ultimate Software are not far behind stitching together their offerings into an integrated human resource solution. As well, ERP providers (i.e., Oracle and SAP) are rushing forward attempting to beef up human resource modules via acquisition (e.g., SAP acquisition of SuccessFactors and Oracle acquisition of Taleo) and development efforts such as Oracle’s Fusion project. Workday’s speed is likely of particular concern for ERP players — showcasing integrated human resource and financial applications at Workday Rising.
In recent years, cloud based software has offered promise with need for realization via example. According to Gartner, Workday’s offering is starting to take advantage of cloud based benefits including lower TCO; cloud based is also an enabler for Gartner described Nexus benefits including — (i) common user experience across devices, (ii) social software technology and (iii) improved data reporting and analysis from common data structures and evolving big data.