Workday has announced that Salesforce has expanded the use of Workday within its organisation. The leading cloud SaaS vendor is to implement Workday Financial Management, Workday Accounting Center, Workday Adaptive Planning, and Workday Prism Analytics. The expansion builds on the existing use of Workday Human Capital Management (HCM), Workday Recruiting, and Workday Time Tracking. Salesforce also uses Workday Payroll in the US and Canada. The move will also see Salesforce migrate away from its Oracle finance solution, reducing its commitment to its rival once more. It currently uses Oracle R12.
This is a massive endorsement of Workday by Salesforce, the largest pure SaaS-based business in the world. Salesforce continues to transform businesses globally with its solutions that span CRM, Marketing, Service Management, Commerce and more.
Faye Olson, senior vice president of Business Technology, Enterprise Enablement, Salesforce, commented: “We’ve seen first-hand the opportunity for cloud technologies in helping our customers drive better relationships with their customers. We apply the same mindset to our own technology strategy – focusing on innovative solutions that create an agile foundation for us to adapt and grow. Workday’s financial management and HR solutions offer a single system to create collaborative opportunities for our finance and HR organizations.”
Another platform within Salesforce
Salesforce will leverage the Workday Enterprise Management Cloud and will now benefit from combining finance, HR and operational data into a single system. Interestingly, it has chosen to deploy Prism Analytics rather than leverage its Tableau analytics solution. Prism’s advantage is the prebuilt solutions that Salesforce can use out of the box. Other key advantages highlighted by Workday include:
- An intelligent data core combining finance and HR insights to help inform decision-making
- The ability to respond quickly to evolving market conditions, model multiple scenarios, and adjust plans
- Streamline the procurement process with a real-time view of spend and suppliers
- The analytical foundation to ingest and transform high volumes of operational activity into journal entries
- Provide insights into its workforce, including talent needs and management
Doug Robinson, co-president, Workday, commented: “As innovators in the cloud, both Salesforce and Workday understand the value of technology in driving digital transformation as organizations adapt to keep pace in today’s dynamic environment. Salesforce’s expanded use of Workday to include financial management underscores the power of a comprehensive digital backbone in navigating change and bringing finance and HR insights together to drive growth.”
Enterprise Times: What does this mean
This is a huge deal for Workday and sees another major corporation move away from Oracle. Oracle will be disappointed that it could not retain Salesforce and persuade them to move to Oracle Fusion. It also deepens the relationship between Salesforce and Workday. This is important for Workday as it looks to continue its global expansion. Many organisations already use Salesforce and, once deployed, will be a powerful advocate for using its finance system alongside Salesforce.
