STOCK TITAN

University of Arkansas System Deploys Workday Student to Transform the Student Experience and Fuel Organizational Agility Across Seven Campuses

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags

Workday, Inc. (NASDAQ: WDAY) announced that seven higher education institutions within the University of Arkansas System are now live on Workday Student, with the remaining institutions expected to be live by Spring 2025. This implementation is part of a digital transformation initiative to provide a unified experience for managing academics, employment, finances, and more across 14 campuses.

Key benefits of the Workday Student implementation include:

  • Consolidation of over 30 disparate systems into one cloud-based platform
  • Self-service capabilities for students to manage courses, financial aid, and more via mobile devices
  • Support for common course numbering across 21,000 offerings to facilitate transfers and degree completion
  • Real-time insights into registration, curriculum, talent needs, enrollment changes, and financial data

The University of Arkansas System, which enrolls more than 70,000 students and employs nearly 30,000 faculty and staff, aims to improve student engagement and adapt to changing industry needs through this modernization effort.

Workday, Inc. (NASDAQ: WDAY) ha annunciato che sette istituzioni di istruzione superiore all'interno del University of Arkansas System sono ora operative su Workday Student, con le restanti istituzioni previste per essere operative entro la primavera del 2025. Questa implementazione fa parte di un'iniziativa di trasformazione digitale per fornire un'esperienza unificata nella gestione di accademici, impieghi, finanze e altro attraverso 14 campus.

I principali vantaggi dell'implementazione di Workday Student includono:

  • Consolidamento di oltre 30 sistemi disparati in un'unica piattaforma basata su cloud
  • Funzionalità di auto-servizio per gli studenti per gestire corsi, aiuti finanziari e altro tramite dispositivi mobili
  • Supporto per la numerazione comune dei corsi su 21.000 offerte per facilitare trasferimenti e completamento dei diplomi
  • Informazioni in tempo reale su registrazioni, programmi, esigenze di talento, variazioni di iscrizione e dati finanziari

Il University of Arkansas System, che iscrive oltre 70.000 studenti e impiega quasi 30.000 docenti e personale, mira a migliorare l'impegno degli studenti e ad adattarsi alle esigenze in evoluzione del settore tramite questo sforzo di modernizzazione.

Workday, Inc. (NASDAQ: WDAY) anunció que siete instituciones de educación superior dentro del University of Arkansas System ya están en funcionamiento con Workday Student, y se espera que las instituciones restantes estén en sesión para la primavera de 2025. Esta implementación es parte de una iniciativa de transformación digital para proporcionar una experiencia unificada en la gestión de académicos, empleo, finanzas y más a través de 14 campus.

Los principales beneficios de la implementación de Workday Student incluyen:

  • Consolidación de más de 30 sistemas dispares en una única plataforma basada en la nube
  • Funcionalidades de autoservicio para que los estudiantes gestionen cursos, ayuda financiera y más a través de dispositivos móviles
  • Soporte para la numeración común de cursos en 21.000 ofertas para facilitar transferencias y finalización de grados
  • Información en tiempo real sobre inscripciones, planes de estudio, necesidades de talento, cambios en la matrícula y datos financieros

El University of Arkansas System, que inscribe a más de 70.000 estudiantes y emplea a casi 30.000 docentes y personal, busca mejorar la participación estudiantil y adaptarse a las cambiantes necesidades de la industria a través de este esfuerzo de modernización.

Workday, Inc. (NASDAQ: WDAY)은 University of Arkansas System 내의 7개 고등 교육 기관이 이제 Workday Student에서 운영되고 있으며, 나머지 기관들은 2025년 봄까지 운영될 예정이라고 발표했습니다. 이 구현은 14개 캠퍼스 전반에 걸쳐 학업, 고용, 재정 등을 관리하기 위한 통합된 경험을 제공하기 위한 디지털 전환 이니셔티브의 일환입니다.

Workday Student 구현의 주요 이점은 다음과 같습니다:

  • 30개 이상의 이질적인 시스템을 단일 클라우드 기반 플랫폼으로 통합
  • 학생들이 모바일 장치를 통해 강의, 재정 지원 등을 관리할 수 있는 셀프 서비스 기능
  • 21,000개 강의에서의 공통 강좌 번호 지원을 통해 전환 및 학위 완성 촉진
  • 등록, 커리큘럼, 인재 요구, 등록 변경 및 재무 데이터에 대한 실시간 통찰력

70,000명 이상의 학생을 등록하고 거의 30,000명의 교수 및 직원을 고용하고 있는 University of Arkansas System은 이 현대화 노력을 통해 학생 참여를 개선하고 변화하는 산업 요구에 적응하는 것을 목표로 하고 있습니다.

Workday, Inc. (NASDAQ: WDAY) a annoncé que sept établissements d'enseignement supérieur dans le University of Arkansas System sont désormais opérationnels avec Workday Student, les établissements restants devant fonctionner d'ici le printemps 2025. Cette mise en œuvre fait partie d'une initiative de transformation numérique visant à fournir une expérience unifiée pour la gestion des études, de l'emploi, des finances, et plus encore à travers 14 campus.

Les principaux avantages de la mise en œuvre de Workday Student comprennent :

  • Consolidation de plus de 30 systèmes disparates en une seule plateforme basée sur le cloud
  • Fonctionnalités d'auto-service pour permettre aux étudiants de gérer les cours, l'aide financière, et plus à l'aide de dispositifs mobiles
  • Soutien à la numérotation des cours commune à 21.000 offres pour faciliter les transferts et l'obtention de diplômes
  • Informations en temps réel sur l'inscription, le programme d'études, les besoins en personnel, les changements d'inscription et les données financières

Le University of Arkansas System, qui inscrit plus de 70 000 étudiants et emploie près de 30 000 enseignants et personnel, vise à améliorer l'engagement des étudiants et à s'adapter aux évolutions des besoins de l'industrie grâce à cet effort de modernisation.

Workday, Inc. (NASDAQ: WDAY) hat bekannt gegeben, dass sieben Hochschulen im University of Arkansas System jetzt mit Workday Student live sind, während die restlichen Institutionen bis zum Frühling 2025 live gehen sollen. Diese Implementierung ist Teil einer digitalen Transformationsinitiative, um eine einheitliche Erfahrung bei der Verwaltung von Studienangelegenheiten, Beschäftigung, Finanzen und mehr über 14 Campus zu bieten.

Die wichtigsten Vorteile der Implementierung von Workday Student sind:

  • Zusammenlegung von über 30 disparaten Systemen zu einer einzigen cloudbasierten Plattform
  • Selbstbedienungsfunktionen für Studierende zur Verwaltung von Kursen, finanzieller Unterstützung und mehr über mobile Endgeräte
  • Unterstützung einer einheitlichen Kursnummerierung über 21.000 Angebote zur Erleichterung von Transfers und Abschluss
  • Echtzeit-Einblicke in Registrierung, Lehrplan, Personalbedarf, Registrierungsänderungen und Finanzdaten

Das University of Arkansas System, das mehr als 70.000 Studierende einschreibt und fast 30.000 Fakultäts- und Mitarbeiter beschäftigt, beabsichtigt, die Studierendenbindung zu verbessern und sich durch diese Modernisierungsinitiative an die sich wandelnden Anforderungen der Branche anzupassen.

Positive
  • Implementation of Workday Student across seven institutions, with full deployment expected by Spring 2025
  • Consolidation of over 30 disparate systems into one cloud-based platform
  • Enhanced self-service capabilities for students via mobile devices
  • Support for common course numbering across 21,000 offerings
  • Real-time insights into academic, financial, and operational data
Negative
  • None.

Insights

The University of Arkansas System's deployment of Workday Student across seven campuses marks a significant step in higher education digital transformation. This implementation consolidates over 30 disparate systems into a single cloud-based platform, integrating finance, HR and student data. The move to common course numbering for 21,000 offerings is particularly impactful, potentially improving graduation rates and reducing costs for students.

Key benefits include:

  • Enhanced student self-service capabilities, improving engagement and efficiency
  • Real-time data visibility across finance, HR and academics
  • Streamlined transfer processes between system schools
  • Increased organizational agility to adapt to changing industry needs

While this deployment is significant for the University of Arkansas System, its impact on Workday's financial performance is likely minimal in the short term. However, it demonstrates Workday's growing presence in the higher education sector, which could lead to increased market share and revenue growth in the long run.

This news, while positive for Workday's market position in higher education, is unlikely to have a significant immediate impact on the company's financial performance or stock price. With a market cap of $62.7 billion, Workday's valuation is driven by broader market trends and overall financial performance rather than individual client implementations.

However, the deployment at the University of Arkansas System is strategically important:

  • It showcases Workday's ability to handle complex, multi-campus implementations
  • The phased approach, with remaining institutions going live by Spring 2025, suggests a steady revenue stream from this client
  • Success here could lead to more higher education contracts, a growing sector for Workday

Investors should monitor Workday's penetration in the higher education market and its impact on recurring revenue growth in future earnings reports. While not a game-changer, this implementation reinforces Workday's competitive position in a key vertical market.

Workday Student Provides Unified View of Academic Planning, Financial Aid, Enrollment Data, and More, Helping University of Arkansas System Improve Student Engagement and Adapt to Changing Industry Needs

University of Arkansas System to Align 21,000 Course Offerings Under Common Course Numbering Across 14 Campuses to Help Students Graduate Faster and At a Lower Cost

PLEASANTON, Calif., Oct. 8, 2024 /PRNewswire/ -- Workday, Inc. (NASDAQ: WDAY), a leading provider of solutions to help organizations manage their people and money, today announced that seven higher education institutions within the University of Arkansas System are live on Workday Student. As part of a phased implementation for University of Arkansas System, the remaining institutions are expected to be live on Workday Student by Spring 2025.

University of Arkansas System comprises several higher education institutions across 14 campuses – including a medical school, law schools, community colleges, and more – enrolling more than 70,000 students and employing nearly 30,000 faculty and staff. As part of the first phase of implementing Workday Student, University Arkansas System will provide students, faculty, and staff with a unified experience to manage academics, employment, finances, payroll, time tracking, and more.

"To keep pace with the speed of change, it is critical that we have a modernized system that can support and scale with the evolving needs of our students, faculty, and staff," said Steven Fulkerson, CIO, University of Arkansas System. "Workday is an integral partner in our digital transformation journey and with Workday Student, we're extending the value of the platform even further by making it easier for students to build class schedules, manage financial aid, view attendance, and more while empowering our schools to manage the academic experience and support student success."

With Workday Student, University of Arkansas System is:

  • Leveraging One Platform for Finance, HR, and Student Data. By consolidating its more than 30 disparate systems of participating institutions across finance, HR, and operations into one cloud-based platform – which includes Workday Financial Management, Workday Human Capital Management (HCM), and Workday Student – University of Arkansas System has a comprehensive, real-time view into its bespoke data. This includes registration, absences, curriculum, talent and staffing needs, changes in enrollment numbers, supplier costs, expenses, and more.
  • Delivering Engaging Student Experiences. Workday Student provides students with self-service capabilities to more efficiently register for courses, track work study hours, manage financial aid, view grades, request an advising appointment, and more – all through a mobile device.
  • Fueling Student Success with Common Course Numbering. University of Arkansas System is adopting common course numbering to develop a comprehensive index of subject codes and course numbers for 21,000 offerings across all system schools. Workday Student is supporting this initiative by making it easier for students to see if they are taking the right courses to transfer between schools and continue their path to earning a degree.

"As higher education institutions navigate ever-changing industry challenges – fluctuating enrollment, increased pressure to modernize the student experience, and improve revenue planning – it's critical they have insight into the data needed to make quicker, more informed decisions," said Michael Hofherr, general manager of state and local government and higher education, Workday. "With Workday Student, University of Arkansas System will have a single solution that brings together finance, HR, and academics data so they can adapt to changing needs while delivering elevated user experiences across its schools."

For More Information

  • Read why Clemson University selected Workday to accelerate digital transformation.
  • Visit here to learn why more than 140 higher education institutions have selected Workday Student and more than 400 higher education institutions globally value Workday.

About Workday

Workday is a leading enterprise platform that helps organizations manage their most important assets – their people and money. The Workday platform is built with AI at the core to help customers elevate people, supercharge work, and move their business forever forward. Workday is used by more than 10,500 organizations around the world and across industries – from medium-sized businesses to more than 60% of the Fortune 500. For more information about Workday, visit workday.com.

© 2024 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.

Forward-Looking Statements

This press release contains forward-looking statements including, among other things, statements regarding Workday's plans, beliefs, and expectations. These forward-looking statements are based only on currently available information and our current beliefs, expectations, and assumptions. Because forward-looking statements relate to the future, they are subject to inherent risks, uncertainties, assumptions, and changes in circumstances that are difficult to predict and many of which are outside of our control. If the risks materialize, assumptions prove incorrect, or we experience unexpected changes in circumstances, actual results could differ materially from the results implied by these forward-looking statements, and therefore you should not rely on any forward-looking statements. Risks include, but are not limited to, risks described in our filings with the Securities and Exchange Commission ("SEC"), including our most recent report on Form 10-Q or Form 10-K and other reports that we have filed and will 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, except as required by law.

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 services should make their purchase decisions based upon services, features, and functions that are currently available.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/university-of-arkansas-system-deploys-workday-student-to-transform-the-student-experience-and-fuel-organizational-agility-across-seven-campuses-302269413.html

SOURCE Workday Inc.

FAQ

How many institutions within the University of Arkansas System are currently using Workday Student?

Seven higher education institutions within the University of Arkansas System are currently live on Workday Student.

When is the full implementation of Workday Student expected to be completed for the University of Arkansas System?

The remaining institutions within the University of Arkansas System are expected to be live on Workday Student by Spring 2025.

What are the key benefits of implementing Workday Student for the University of Arkansas System?

Key benefits include consolidating over 30 disparate systems into one cloud-based platform, providing self-service capabilities for students, supporting common course numbering, and offering real-time insights into academic, financial, and operational data.

How many course offerings will be aligned under common course numbering at the University of Arkansas System?

The University of Arkansas System is aligning 21,000 course offerings under common course numbering across 14 campuses.

Workday, Inc.

NASDAQ:WDAY

WDAY Rankings

WDAY Latest News

WDAY Stock Data

70.50B
211.51M
1.23%
92.8%
1.7%
Software - Application
Services-computer Processing & Data Preparation
Link
United States of America
PLEASANTON