Workday and Its Partners Launch 12 New Industry Accelerators to Help Customers Meet Industry-Specific Needs Faster
Workday (NASDAQ: WDAY) has launched 12 new Industry Accelerators to help customers modernize their HR and finance operations. These offerings combine Workday's solutions with industry expertise and pre-built offerings from global partners to address sector-specific challenges. The accelerators cover industries such as banking, healthcare, higher education, professional services, retail and hospitality, and technology and media.
Key features include improving academic recruitment, driving project efficiencies, addressing staffing shortages, and optimizing financial processes. Partners involved in the program include Accenture, CrossVue, Deloitte, Invisors, Kainos, KPMG, Mercer, and PwC. This launch follows Workday's recent expansion of its partner ecosystem, including the introduction of Global Payroll Connect and the Built on Workday program.
Workday (NASDAQ: WDAY) ha lanciato 12 nuovi Acceleratori di Settore per aiutare i clienti a modernizzare le loro operazioni HR e finanziarie. Queste offerte combinano le soluzioni di Workday con l'expertise di settore e le offerte pre-costruite da partner globali per affrontare le sfide specifiche del settore. Gli acceleratori coprono settori come bancario, sanitario, istruzione superiore, servizi professionali, vendita al dettaglio e ospitalità, e tecnologia e media.
Le caratteristiche principali includono il miglioramento del reclutamento accademico, l'incremento dell'efficienza dei progetti, la gestione delle carenze di personale e l'ottimizzazione dei processi finanziari. I partner coinvolti nel programma includono Accenture, CrossVue, Deloitte, Invisors, Kainos, KPMG, Mercer e PwC. Questo lancio segue l'espansione recente dell'ecosistema di partner di Workday, che comprende l'introduzione di Global Payroll Connect e del programma Built on Workday.
Workday (NASDAQ: WDAY) ha lanzado 12 nuevos Aceleradores Industriales para ayudar a los clientes a modernizar sus operaciones de recursos humanos y finanzas. Estas ofertas combinan las soluciones de Workday con experiencia en la industria y ofertas predefinidas de socios globales para abordar desafíos específicos del sector. Los aceleradores cubren industrias como banca, atención médica, educación superior, servicios profesionales, venta al por menor y hospitalidad, y tecnología y medios.
Las características clave incluyen mejorar la contratación académica, impulsar la eficiencia de proyectos, abordar la escasez de personal y optimizar los procesos financieros. Los socios involucrados en el programa incluyen Accenture, CrossVue, Deloitte, Invisors, Kainos, KPMG, Mercer y PwC. Este lanzamiento sigue la reciente expansión del ecosistema de socios de Workday, incluyendo la introducción de Global Payroll Connect y el programa Built on Workday.
워크데이 (NASDAQ: WDAY)는 고객들이 HR 및 재무 운영을 현대화할 수 있도록 도와주는 12개의 새로운 산업 가속기를 출시했습니다. 이러한 제공 사항은 워크데이의 솔루션과 업계 전문 지식, 전 세계 파트너의 사전 구축된 제공 항목을 결합하여 산업별 문제에 접근합니다. 가속기는 은행, 건강 관리, 고등 교육, 전문 서비스, 소매 및 환대, 기술 및 미디어와 같은 산업을 다룹니다.
주요 기능에는 학문적 채용 개선, 프로젝트 효율성 증가, 인력 부족 문제 해결, 재무 프로세스 최적화가 포함됩니다. 프로그램에 참여한 파트너로는 Accenture, CrossVue, Deloitte, Invisors, Kainos, KPMG, Mercer 및 PwC가 있습니다. 이번 출시는 Global Payroll Connect와 Built on Workday 프로그램을 포함한 워크데이의 파트너 생태계 확장의 최근 결과입니다.
Workday (NASDAQ: WDAY) a lancé 12 nouveaux Accélérateurs de Secteur pour aider les clients à moderniser leurs opérations RH et financières. Ces offres combinent les solutions Workday avec l'expertise sectorielle et des offres préconstruites de partenaires mondiaux pour répondre aux défis spécifiques à chaque secteur. Les accélérateurs couvrent des secteurs tels que la banque, la santé, l'enseignement supérieur, les services professionnels, le commerce de détail et l'hospitalité, ainsi que la technologie et les médias.
Les caractéristiques clés incluent l'amélioration du recrutement académique, l'augmentation de l'efficacité des projets, la gestion des pénuries de personnel et l'optimisation des processus financiers. Les partenaires impliqués dans le programme comprennent Accenture, CrossVue, Deloitte, Invisors, Kainos, KPMG, Mercer et PwC. Ce lancement fait suite à l'expansion récente de l'écosystème de partenaires de Workday, y compris l'introduction de Global Payroll Connect et du programme Built on Workday.
Workday (NASDAQ: WDAY) hat 12 neue Branchen-Akzeleratoren eingeführt, um Kunden bei der Modernisierung ihrer HR- und Finanzoperationen zu helfen. Diese Angebote kombinieren die Lösungen von Workday mit branchenspezifischem Fachwissen und vorgefertigten Angeboten von globalen Partnern, um branchenspezifische Herausforderungen zu bewältigen. Die Akzeleratoren umfassen Branchen wie Banken, Gesundheitswesen, Hochschulbildung, professionelle Dienstleistungen, Einzelhandel und Gastronomie, sowie Technologie und Medien.
Wichtige Merkmale sind die Verbesserung der akademischen Rekrutierung, die Steigerung der Projekteffizienz, die Bewältigung von Personalmangel und die Optimierung finanzieller Prozesse. Zu den am Programm beteiligten Partnern zählen Accenture, CrossVue, Deloitte, Invisors, Kainos, KPMG, Mercer und PwC. Dieser Start folgt der kürzlichen Erweiterung des Partnerökosystems von Workday, einschließlich der Einführung von Global Payroll Connect und des Programms Built on Workday.
- Launch of 12 new Industry Accelerators to help customers modernize HR and finance operations
- Collaboration with major partners like Accenture, Deloitte, KPMG, and PwC
- Expansion of Workday's partner ecosystem
- Introduction of Global Payroll Connect and Built on Workday program
- None.
Insights
Workday's launch of 12 new Industry Accelerators represents a strategic move to enhance its competitive position in the enterprise software market. By partnering with industry leaders like Accenture, Deloitte and KPMG, Workday is leveraging external expertise to create tailored solutions for specific sectors. This approach could accelerate customer adoption and retention, potentially leading to increased market share and revenue growth.
The focus on industries such as banking, healthcare and retail demonstrates Workday's commitment to addressing high-value, complex sectors. This strategy could result in higher-margin contracts and longer-term customer relationships. Moreover, the emphasis on solving industry-specific challenges like academic recruitment and staffing shortages shows Workday's alignment with current market needs, which could drive demand for its solutions.
Workday's Industry Accelerator program has the potential to positively impact the company's financial performance. By offering pre-built solutions tailored to specific industries, Workday could shorten sales cycles and implementation times, leading to faster revenue recognition. This approach may also reduce customer acquisition costs and improve overall profit margins.
The collaboration with major consulting firms like PwC and KPMG could expand Workday's reach into new markets and drive upselling opportunities. Additionally, the focus on high-value sectors such as banking and healthcare may increase the average contract value. Investors should monitor key metrics like customer acquisition rates, contract values and partner-driven revenues in upcoming quarterly reports to gauge the program's success.
Workday's Industry Accelerator program signifies a shift towards more specialized, vertical-specific solutions in the enterprise software market. This trend aligns with the growing demand for industry-tailored cloud solutions that can address unique challenges without extensive customization. The program's success could solidify Workday's position as a leader in cloud-based HR and finance solutions.
The inclusion of the Built on Workday program and Workday Marketplace demonstrates a platform-centric approach, similar to strategies employed by tech giants like Salesforce and Microsoft. This could create a more robust ecosystem around Workday's core products, potentially increasing customer stickiness and lifetime value. The focus on enabling partners to build and market apps on the Workday platform could also drive innovation and expand the company's solution portfolio without significant internal R&D costs.
Industry Accelerators for Banking, Healthcare, Higher Education, Professional Services, Retail and Hospitality, Technology and Media Sectors, and More Now Available
The Workday Industry Accelerator program brings together Workday's HR and finance solutions with industry expertise and pre-built offerings from Workday's global partners to help customers accelerate their digital transformations and speed time-to-value. These offerings are tailored to solve customers' industry-specific challenges, such as improving academic recruitment for higher education institutions, driving project efficiencies for professional services firms, and addressing staffing shortages in the retail and hospitality sectors.
"Every industry has unique business challenges that require solutions designed specifically for them," said Sophie Sharp, senior vice president of global industries and value management, Workday. "Industry Accelerators help customers harness the full power of the Workday platform combined with industry-leading practices to ensure they stay ahead of the curve and achieve faster, more efficient paths to value."
The Workday Industry Accelerator program features offerings from partners Accenture, CrossVue, Deloitte, Invisors, Kainos, KPMG, Mercer, and PwC. New Industry Accelerators include:
- Banking from CrossVue helps banks and credit unions of all sizes improve their close processes and streamline financial reporting while supporting compliance efforts.
- Banking from Deloitte helps enable financial institutions to navigate complex regulatory requirements while maximizing profitability, optimizing their operations to reduce expenses, and improving the bottom line with margin planning.
- Canadian Healthcare Provider from Deloitte helps healthcare providers improve operational efficiency and compliance, improve communication and collaboration among staff, and manage union requirements.
- Healthcare Payors from Deloitte helps provide health insurers with advanced modeling and streamlined data to optimize claims processing and increase profitability, and provide specialist guidance on navigating regulatory changes.
- Healthcare Provider from Mercer helps healthcare providers attract, retain, and support their workforces so they can deliver more engaging employee experiences and focus on delivering quality patient care.
- Healthcare Provider from PwC delivers data-driven insights to help healthcare providers streamline financial processes, enhance supply chain efficiency and expense management, and reduce administrative burdens.
- Higher Education from Deloitte helps enable higher education institutions to improve student recruitment and enrollment and streamline their research processes to increase efficiency.
- Professional Services from Invisors empowers firms to optimize project management, talent development, resource allocation, and financial performance.
- Retail and Hospitality from Accenture equips retailers to optimize inventory management, improve workforce scheduling and store performance, and streamline their operations.
- Retail and Hospitality from KPMG helps organizations to overcome talent shortages, margin pressures, and evolve customer expectations to drive growth and profitability.
- Technology and Media from Deloitte helps provide organizations with access to deeper business insights to help drive growth opportunities, more effectively monetize their innovations, manage M&A activities, and more.
- Technology and Media from Kainos allows technology companies to analyze and manage their revenue recognition across revenue types and enhance efficiency across CRM and quoting systems.
Workday Global Partner Program Momentum Driven by Collaborative Innovation
The newly launched Industry Accelerators come on the heels of continued expansion of the Workday partner ecosystem and the rapid pace of innovation enabled by the Workday platform.
Workday recently launched Global Payroll Connect, a platform unifying global partner payroll solutions, and the Built on Workday program, which enables partners to build, manage, and market HR and finance apps to customers via Workday Marketplace. Apps available on Built on Workday and Workday Marketplace can also be included in partner Industry Accelerator offerings, providing customers with more opportunities to leverage solutions tailored to their specific needs.
Workday will continue to collaborate with new and existing partners to deliver solutions that help customers accelerate innovation, deploy new capabilities, and harness the power of the Workday platform.
For More Information
- Learn more about Workday's industry offerings and the Workday Industry Accelerator program.
- View the Workday Rising agenda and learn more about the partner and industry-focused sessions at Workday Rising, including demos and customer stories available at partner expo booths for many Industry Accelerators:
- Community Keynote: Let's Take Work Forever Forward, Together, Sept. 18 at 9:00am PT
- Workday Broadcast: Community Keynote Post-Show with Matt Brandt, senior vice president, global partners, and Sophie Sharp, senior vice president of global industries and value management, Workday, Sept. 18, at 10:30am PT
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
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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.
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SOURCE Workday Inc.
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