Sunday, 6 January 2013

Workday- Is it a replacement for the available HR software ?

What is Workday?

Workday is the leader in SaaS-based enterprise solutions for human resources, payroll and financial management, providing new levels of business agility for a fraction of the cost of buying, deploying and maintaining legacy on-premise systems. More than 130 customers, spanning mid-sized organizations to global Fortune 500 businesses, have selected Workday. Workday Human Capital Management and Workday Financial Management use modern, standards-based technologies to provide an unparalleled level of agility, ease-of-use, and integration capability.

Workday has taken over, Oracle's peoplesoft and is doing a great job in the global business. And the matter of fact is, the founder father of both is same- Mr. Dave Duffield and Mr. Anil Bhusri.

Why workday, when peoplesoft is there?

With the advance of technology and introduction of cloud computing, everything is changing and technology is entering into each and every functions of a business.

Peoplesoft was doing well but still businesses are going for Workday- here are the comparisons between both Peoplesoft and Workday. This comparisons will make you more clear why Workday is replacing Peoplesoft.  

     Points of comparisons-:
  • To run PeopleSoft will cost you several hundred dollars per year per user − Workday will cost you a fraction of that.
  • PeopleSoft is based on a technology that is 30 years old - Workday has the most modern object-oriented technology found in enterprise software.
  • You buy PeopleSoft − you rent Workday.
  • You install PeopleSoft on your computers − you access Workday over the internet.**
  • To meet your requirements you can (and sometimes have to) customize PeopleSoft to your heart’s content - and your system integrator’s great financial satisfaction − Configuring Workday may be enough.***
  • PeopleSoft, which covers all industries, has a strong offering for, and a large customer base in, the public sector  −  Workday so far is targeting mainly private businesses****
  • You upgrade PeopleSoft every three and a half years *****  − you get a regular update from Workday several times a year.
  • PeopleSoft HCM is part of an ERP offering itself just another of several other business applications belonging to Oracle whose sprawling portfolio includes hardware and its flagship database system − Workday is first and foremost an HCM system branching out into the ERP world.
So we can see that, Workday is not only a replacement of Peoplesoft but also much more than that. It not only take cares of  your people but also your finance upto some extent and that also at a lesser cost than other similar softwares. 

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