PLEASANTON, CA--(Marketwired - Jun 22, 2017) - Workday,
Inc. (NYSE: WDAY), a leader in enterprise cloud applications for
finance and
human resources, today announced it has been positioned by Gartner, Inc. in the Leaders quadrant of the first-ever
Magic Quadrant for Cloud Core Financial Management Suites for Midsize, Large, and Global Enterprises 1. Workday
was recognized as a leader based on its ability to execute and completeness of vision.
Recognizing that the focus and needs of finance organizations were shifting, Workday set out to rethink financial management
systems with a technology foundation built for change. The company's cloud-based finance system,
Workday Financial Management, enables global organizations to access deeper insights on their business; report in real time
on financial performance; keep pace with business and regulatory changes such as
ASC 606 or IFRS15; and drive greater efficiencies and controls, including an 'always-on'
audit trail.
In the last three years, Workday's financial management customer community has tripled in size, with organizations including
Aon,
plc., Cushman
& Wakefield, and Netflix,
realizing the power of a cloud-based finance system. Workday has also invested in extending the benefits of its finance system
with the addition of new products including
Workday Planning, the first planning, budgeting, and forecasting application that allows customers to continuously and
collaboratively plan within their core accounting system of record. In addition, Workday recently unveiled
Workday Financial Performance Management, which provides the flexibility to consolidate, close, report, and plan without
having to replace a company's general ledger.
Comments on the News
"We believe Gartner's recognition of Workday as a cloud financial management leader further validates our delivery
of a truly differentiated product that gives customers the finance tools they need to lead with certainty and drive competitive
advantage," said Betsy Bland, vice president, financial management products, Workday. "From day one, Workday disrupted the
industry with a relentless focus on customer satisfaction. This commitment, in combination with our true cloud foundation,
enables us to stay ahead of customers' needs so they can navigate an increasingly complex financial environment while continuing
to grow their business globally."
Additional Information
About Workday
Workday is a
leading provider of enterprise cloud applications for
finance and
human resources. Founded in 2005, Workday delivers financial management, human capital management, and analytics applications
designed for the world's largest companies, educational institutions, and government agencies. Organizations ranging from
medium-sized businesses to Fortune 50 enterprises have selected Workday.
Required Disclaimer:
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise
technology users to select only those vendors with the highest ratings or other designation. Gartner research publications
consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims
all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a
particular purpose
Forward-Looking Statements
This press release contains forward-looking statements including, among other things, statements regarding the
expected performance and benefits of Workday's offerings. The words "believe," "may," "will," "plan," "expect," and similar
expressions are intended to identify forward-looking statements. These forward-looking statements are subject to risks,
uncertainties, and assumptions. If the risks materialize or assumptions prove incorrect, actual results could differ materially
from the results implied by these forward-looking statements. Risks include, but are not limited to, risks described in our
filings with the Securities and Exchange Commission (SEC), including our Form 10-K for the fiscal year ended June 1, 2017 and our
future reports that we may file with the SEC from time to time, which could cause actual results to vary from expectations.
Workday assumes no obligation to, and does not currently intend to, update any such forward-looking statements after the date of
this release.
Any unreleased services, features, or functions referenced in this document, our website, or other press releases or public
statements that are not currently available are subject to change at Workday's discretion and may not be delivered as planned or
at all. Customers who purchase Workday, Inc. services should make their purchase decisions based upon services, features, and
functions that are currently available.
© 2017. Workday, Inc. All rights reserved. Workday and the Workday logo are registered trademarks of Workday, Inc.
1 Gartner "Magic Quadrant for Cloud Core Financial Management Suites for Midsize, Large and Global Enterprises," by
Nigel Rayner, Robert P. Anderson, John E. Van Decker, 19, June, 2017