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\n Positioned as a Leader for Fifth Year in a Row Based on Completeness of Vision and Ability to Execute <\/p>\n
SINGAPORE –\u00a0<\/span>Media
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The
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Relentless Focus on
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Workday, positioned by Gartner in the Leaders quadrant of the <\/span><\/span><\/span>2020 Gartner Magic Quadrant for Cloud
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Consistent Customer
Workday
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Additional Information<\/span><\/b><\/p>\n
*Gartner Magic Quadrant for Cloud Core Financial Management
**Gartner Magic Quadrant
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Gartner Disclaimer:<\/span><\/b><\/p>\n
Gartner does not endorse any vendor,
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Gartner Peer Insights reviews constitute
Positioned as a Leader for Fifth Year in a Row Based on Completeness of Vision and Ability to Execute SINGAPORE –\u00a0Media
OutReach\u00a0– 13 May 2021 –\u00a0Workday (NASDAQ: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 2021 Gartner …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[60],"tags":[],"_links":{"self":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/14663"}],"collection":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/comments?post=14663"}],"version-history":[{"count":0,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/14663\/revisions"}],"wp:attachment":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media?parent=14663"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/categories?post=14663"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/tags?post=14663"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nOutReach<\/span><\/a>\u00a0– 13 May 2021 –\u00a0<\/span><\/span>Workday<\/span><\/a> (NASDAQ:WDAY), a
\nleader in enterprise cloud applications for <\/span>finance<\/span><\/a> and <\/span>human
\nresources<\/span><\/a>,
\ntoday announced it has been positioned by Gartner, Inc. in the Leaders quadrant
\nof the <\/span>2021 Gartner Magic
\nQuadrant for Cloud Core Financial Management Suites for Midsize, Large, and
\nGlobal Enterprises<\/span><\/a>*
\n<\/i>for the fifth year in a row based on completeness of vision and ability to
\nexecute. <\/span><\/p>\n
\n
<\/p>\n
\n
<\/p>\n
\nevents of 2020 have caused many organizations to accelerate their finance
\ndigital transformation efforts. As a result, finance leaders are turning to
\nWorkday to help them plan, execute, and analyze all in one system. The company’s broad portfolio of
\ncloud finance offerings brings new levels of visibility and control that go
\nbeyond the boundaries of traditional ERP systems. Together <\/span><\/span>Workday Financial Management<\/span><\/a>, <\/span>Workday Adaptive Planning<\/span><\/a>, <\/span>Workday Accounting Center<\/span><\/a>, <\/span>Workday Prism Analytics<\/span><\/a>, and <\/span>Workday
\nSpend Management<\/span><\/a> Sourcing<\/span><\/a> <\/span>deliver a
\ndeep and comprehensive solution for enterprise planning and analysis across all
\nfinance processes including record to report, report to forecast, contract to
\ncash, and source to pay.<\/span><\/p>\n
\n
<\/p>\n
\n
<\/p>\n
\nCustomer Success and Innovation to Elevate the Office of the CFO\u00a0 <\/span><\/span><\/b><\/p>\n
\n
<\/p>\n
\ncontinues to deliver on its vision for the office of the CFO to optimize organizational agility and deliver
\ntrusted insights to fuel the most effective operations.<\/span> Its commitment
\nto delivering exceptional customer value and continuous innovation is helping
\norganizations from a diverse range of industries and sectors. With more than
\n1,000 Workday Financial Management customers and 5,500 Workday Adaptive
\nPlanning customers in more than 120 countries, Workday continues to drive
\nglobal innovation fueled by machine learning (ML) and advanced analytics to
\nallow customers to: <\/span><\/p>\n
\n
<\/p>\n
\n
<\/p>\n\n
\nwith an intelligent data foundation. <\/span><\/b>Workday offers a unique architecture featuring
\nan intelligent data foundation that helps finance teams harness the power of
\ndata by blending operational and transactional data into a single source. <\/span>Workday
\nAccounting Center<\/span><\/a>,
\nbuilt on this data foundation, represents a fundamental change in the way finance teams manage
\noperational data by dramatically simplifying the<\/span> transformation of
\nhigh-volume operational data into accounting. Machine learning is also embedded
\ninto the core data architecture to infuse intelligence into finance processes
\ndriven by <\/span>Workday
\nFinancial Management<\/span><\/a>,
\n<\/span>Workday
\nAdaptive Planning<\/span><\/a>
\nand <\/span>Workday
\nSpend Management<\/span><\/a>.
\nThese ML-powered applications allow customers to continuously detect journal
\nline and plan entry anomalies, intelligently match customer payments to
\ninvoices, offer spend recommendations, and scan supplier invoices and expense
\nreceipts with optical character recognition to automate processing.<\/span><\/li>\n
\nFP&A for greater agility:<\/b> The ability to manage financial activity
\nthrough the lens of FP&A has become increasingly important, especially
\ngiven the unpredictability of the past 18 months. In the report, Gartner
\nstates, “This year, we have included FP&A capabilities in the evaluation
\nwhere Cloud Core Financial Management vendors have brought them to market.
\nFP&A is quickly becoming a point of differentiation for many vendors in the
\nstudy and will continue to drive customer acquisition.”*<\/span><\/li>\n<\/ul>\n
\n
<\/p>\n
\nFinancial Planning & Analysis<\/span><\/a>**, offers
\n<\/span>deep
\nintegration from both a data and user experience (UX) perspective with <\/span>Workday
\nFinancial Management<\/span><\/a>
\nand <\/span>Workday
\nHuman Capital Management<\/span><\/a> (HCM). Offered either as a standalone solution or combined
\nwith other Workday solutions, <\/span>Workday
\nAdaptive <\/span><\/a>Planning<\/span><\/a> allows FP&A to
\nplan with greater accuracy and confidence, harnessing ML and predictive analytics at the core.<\/span><\/span><\/p>\n
\n
<\/p>\n
\n
<\/p>\n\n
\ndigital acceleration.<\/span><\/b>
\nReplacing legacy systems over time is the best option for many organizations,
\nparticularly product-based industries. The <\/span><\/span>Workday Enterprise Finance<\/span><\/a> solution provides customers with the flexibility to adopt
\nindividual Workday solutions that coexist with current ERP systems or replace
\ntheir entire financial software suite to accelerate their digital
\ntransformation, allowing customers to realize the benefits of cloud technology
\nthroughout the transition and at their own pace. <\/span><\/li>\n<\/ul>\n
\n
<\/p>\n
\n
<\/p>\n
\nSatisfaction<\/span><\/b><\/p>\n
\n
<\/p>\n
\naims to maintain a customer satisfaction rating of over 95% and achieved an
\nindustry-leading 97% customer satisfaction rating in its most recent customer
\nsatisfaction survey. Key factors in the consistently high customer satisfaction
\nrating include the ability to understand customer needs, the quality of
\ntechnical support, and the responsiveness of the Workday customer experience
\norganization. Additionally, <\/span>Gartner Peer Insights<\/span><\/a> documents customer experience through verified ratings and
\npeer reviews. As of<\/span>
\nMay 12, 2021, <\/span>Workday customer reviews include
\nthe following<\/span>:<\/span>
\n
<\/p>\n
\n
<\/p>\n\n
\nfinancial management and accounting tool with actionable business
\ninsights” \u2014 DAA in the Healthcare Industry<\/span> [<\/span>read full review<\/span><\/a><\/span>]<\/span><\/li>\n
\nPlanning allows a CFO to respond to changing landscapes through data.” \u2014 CFO & VP For Finance & Business
\nStrategy in the Education Industry <\/span>[read full review]<\/a><\/span><\/li>\n
\nhas revolutionized the financial operations of our department because now we
\nhave [a] better breakdown of our finance and based on that we are in a better
\nposition to make better decisions that may impact our revenue in a positive
\nway. It has been the best partner for our finance and operations team.” \u2014
\nIT support in the Communications Industry [read full review<\/a>]<\/span><\/li>\n
\nplanning tool \u2014 best in class and ahead of competitors.” \u2014 Senior Finance
\nDirector in the Healthcare Industry [read full review]<\/a><\/span><\/li>\n
\nwith relevant, contextual financial insights available from anywhere.” \u2014 VP,
\nSecurity & Risk, in the Finance Industry [read full review]<\/a><\/span><\/li>\n<\/ul>\n
\n
<\/p>\n
\nan international organization, we need to be dynamic and easily adapt to
\nchanging market conditions,” said Rob Bloor, group financial controller, EQ.
\n“With Workday, our transaction and planning data are in the same system, and
\nwe’re able to translate data into insight we need to make decisions. Having our
\naccounting and planning teams work off of the same data set makes it possible
\nfor us to be continuously agile and confident in our decision making.”<\/span><\/p>\n
\n
<\/p>\n
\n
<\/p>\n
\nthrilled Workday built machine learning into its core cash-to-pay application
\nnatively, creating a seamless extension to our accounts receivable process,”
\nPreeti Iyer, senior director, Finance & Order to Cash, Blue Yonder.
\n“Workday has all of our data, and knows how we handle cash applications, and how
\nwe’ve applied payments in the past. This deep understanding gave us a huge leap
\nforward, was more cost effective, and has helped us realize value faster as we
\ncontinue to reduce time spent on our complex cash applications and move from 70
\npercent of our time spent on manual matches to just 20 percent.” <\/span><\/p>\n
\n
<\/p>\n
\n
<\/p>\n
\nhas proven they are a modern cloud system that delivers continuous innovation
\nto its customers and is a true partner for Shelter Insurance,” Tina Workman,
\nvice president of accounting and treasurer, Shelter Insurance. “We went live on
\nAccounting Center last year and have since retired several legacy COBOL
\nprograms that had little visibility into creating accounting from operational
\nsystems. With Workday Accounting Center we have full transparency into detailed
\naccounting creation from close to 75 files from policy, claims, and other
\nsystems, streamlining our accounting into one system and providing us with
\ndeeper insight into insurance product profitability.”<\/span><\/p>\n
\n
<\/p>\n
\n
<\/p>\n
\nbelieve the reason Gartner continues to recognize Workday as a Leader in Cloud
\nCore Financial Management Suites is our deep customer commitment and relentless
\nfocus on innovation to help advance the Office of the CFO,” said Terrance
\nWampler, general manager, Workday Financial Management. “For finance
\norganizations, having proven solutions that support current and emerging
\nfinance processes provide a clear competitive advantage. With Workday, our
\ncustomers can more easily distill actionable insights from all of their data,
\nquickly remove friction from finance processes, and continuously plan to
\ndeliver the strategic business partnership that their organizations require
\nfrom finance.”<\/span><\/p>\n
\n
<\/p>\n
\n
<\/p>\n
\n
\n
\n
\n
\n
<\/p>\n
\nSuites for Midsize, Large, and Global Enterprises, John Van Decker, Greg
\nLeiter, Robert Anderson, 10 May 2021<\/span><\/p>\n
\n
<\/p>\n
\nfor Cloud Financial Planning & Analysis, Robert Anderson, Greg Leiter, John
\nVan Decker, 6 October 2020<\/span>
\n
<\/p>\n
\n
<\/p>\n
\n
<\/p>\n
\nproduct or service depicted in our research publications, and does not advise
\ntechnology users to select only those vendors with the highest ratings or other
\ndesignation. Gartner research publications consist of the opinions of Gartner’s
\nresearch organization and should not be construed as statements of fact.
\nGartner disclaims all warranties, expressed or implied, with respect to this
\nresearch, including any warranties of merchantability or fitness for a
\nparticular purpose.<\/span><\/p>\n
\n
<\/p>\n
\n
<\/p>\n
\nthe subjective opinions of individual end users based on their own experiences
\nand do not represent the views of Gartner or its affiliates.<\/span><\/p>\n<\/p><\/div>\n\n
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