What is Workday?
Workday is a cloud-based, software-as-a-service (SaaS) system that enables human resources, payroll, and financial system functions. The company was founded in 2005 and made public in 2012. Current university clients include Brown, Georgetown, Cornell, NYU, University of Texas, University of Washington.
Workday is a new generation of cloud-based applications that service human resources, payroll, and financial needs for organizations. Many Universities are adopting Workday because of its ease of use, the flexibility the system provides, low cost of ownership, focus on providing functionality specific to higher education, and the collaborative nature of the functionality design process.
Workday has a modern interface and delivers services over the Internet. Workday stores everything in the cloud, eliminating the need to store and protect data locally. While we cannot customize the software to be unique to the University, Workday has many options which represent best in class business processes and functionality.
Workday also provides us the opportunity to work collaboratively with other higher education clients to develop functionality to suit the unique needs of higher education. This means Workday allows the flexibility and room to grow.