SOURCE: Workday, Inc.

Workday, Inc.

July 12, 2011 11:00 ET

Workday Delivers First Unified Higher Education Administrative Solution in the Cloud

Announces Strategic Design Partners Georgetown University, Cornell University, Brown University, and University of Southern California

PLEASANTON, CA--(Marketwire - Jul 12, 2011) - Workday, Inc., the leader in SaaS-based enterprise solutions for global human resources (HR), payroll, and financial management, today announces a unified administrative solution uniquely designed for higher education. Workday also announces strategic design partners and early customers Georgetown University, Cornell University, Brown University, and University of Southern California (USC).

The administrative systems currently running at most colleges and universities were designed and deployed decades ago and no longer meet the needs of today's modern institutions. Additionally, the cost and complexity of maintaining and upgrading these systems has become untenable at a time when higher education institutions must optimize budget and resources.

Founded in 2005 by PeopleSoft veterans Dave Duffield and Aneel Bhusri, Workday has grown to more than 775 employees and 200 customers. Workday's investment in higher education is in direct response to demand from colleges and universities that want to modernize their administrative solutions by moving their current on-premise legacy environments into the cloud.

What's New
Workday is delivering the first unified higher education administrative solution in the cloud.

  • Workday Human Capital Management for Higher Education features core human resources, leave management, benefits administration, and talent management. Focus areas include employee, manager, and executive self-service as well as faculty and talent management, including on-boarding, performance, compensation, worker development, and succession planning. The solution is designed to drive standardized business processes across flexible organizational structures to address the diversity of the global workforce within today's modern academic institutions.
  • Workday Payroll for Higher Education is designed to address the full spectrum of academic payroll needs and includes the control, accuracy, and flexibility to support the unique aspects of colleges and universities. Focus areas include academic and fiscal year payroll calendars, multiple jobs, contract pay, labor distribution, and cost allocations.
  • Workday Financial Management for Higher Education includes core accounting, budgeting and planning, asset management, procurement, expenses, and projects and grants management. Focus areas include budgeting and planning, endowment accounting, grants management (pre/post-award), and effort reporting. The solution is designed to combine real-time operational reporting and built-in business intelligence with strong financial controls to ensure the proper stewardship of funds.
  • Workday Cloud Connect offers more than 160 pre-built, proven integrations to and from Workday's unified administrative solution. It includes a library of pre-built integrations to and from popular third-party systems and benefits providers across the higher education ecosystem.

The Workday ecosystem, including Workday customers and partners, is investing in Workday for Higher Education.

  • Mike Duffield has been named general manager of Workday Public Sector. Mike will guide strategy, development, service delivery, sales, and marketing for Workday Higher Education solutions. Prior to Workday, Mike spent more than a decade at PeopleSoft helping to launch and build the higher education business unit.
  • Georgetown University, Cornell University, Brown University, and USC have signed on as strategic design partners for Workday Higher Education. These leading research institutions are dedicating subject matter and operational expertise to assist Workday in its prioritization of feature development for the unified higher education administrative solution.
  • Workday alliances Accenture, CedarCrestone, Deloitte, and Towers Watson are building dedicated practices for Workday Higher Education.

Comments on the News
"Partnering with Workday is an integral part of Cornell University's strategy to improve administrative operations while reducing costs," said David Skorton, president, Cornell University. "The Workday solution will provide Cornell's leaders and managers with essential human resources information and greatly reduce the time spent on transaction processing. We believe that Workday's flexibility and responsiveness as a company makes them the right partner for Cornell during this critical time in our strategic advancement."

"Our current systems have limited our ability to innovate. We're very excited because Workday offers the promise and potential we never had," said Charles DeSantis, associate vice president for benefits and chief benefits officer, Georgetown University. "It's a true partnership with Workday, and feels very much like we are hand-in-hand on this."

"Workday will allow Brown University to match financial resources with organizational structures -- something we could never do with our current on-premise systems," said Don Schanck, assistant vice president and controller, Brown University. "The integration of HR and finance will allow us to get this information and, in addition, will help in analyzing and reviewing resource allocation and deciding which objectives are critical to the institution."

"We anticipate that Workday, with its software-as-a-service model, will enable USC to achieve operational efficiencies in the years to come," said Robert Abeles, USC's senior vice president for finance and chief financial officer.

"Workday's investment in higher education is in direct response to the growing demand we're seeing from administrators at colleges and universities that have tired of the maintenance, upgrades, unexpected costs, and other headaches associated with legacy on-premise software," said Aneel Bhusri, Workday co-founder and co-CEO. "By moving their administrative solutions to the cloud, universities like Georgetown, Cornell, Brown, and USC are reducing time and money spent on old, hard-to-use systems while putting the latest technologies into the hands of their faculty and staff."

Resources

About Workday
Workday is the leader in enterprise-class, software-as-a-service (SaaS) solutions for managing global businesses, combining a lower cost of ownership with an innovative approach to business applications. Founded by PeopleSoft veterans Dave Duffield and Aneel Bhusri, Workday delivers unified Human Capital Management, Payroll, and Financial Management solutions designed for today's organizations and the way people work. Delivered in the cloud leveraging a modern technology platform, Workday offers a fresh alternative to legacy ERP. More than 200 customers, spanning mid-sized organizations to Fortune 500 businesses, have selected Workday. Visit us at www.workday.com.

© 2011. Workday, Inc. All rights reserved. Workday and the Workday logo are registered trademarks of Workday, Inc. All other brand and product names are trademarks or registered trademarks of their respective holders.

Contact Information

  • Media Contact Information
    Christine Cefalo
    Workday
    (925) 951-9260
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