Workday Announces Workday Payroll Provided by Strada, Extending its AI-Powered Unified Payroll Experience to Organizations Around the World
Workday (NASDAQ: WDAY) and Strada have announced the global availability of Workday Payroll provided by Strada, an AI-powered global HR and payroll solution now available in 57 countries. This unified solution offers organizations a comprehensive view of their finance, HR, and payroll data, enhancing data accuracy, compliance support, and strategic decision-making.
Key features include:
- AI-driven analysis of HR and payroll data for predictive insights
- Customizable payroll services per country
- Global employee self-service access within Workday
Additionally, Workday introduced Global Payroll Connect, a unified solution that integrates with payroll providers via pre-built APIs, set to launch in October 2024.
Workday (NASDAQ: WDAY) e Strada hanno annunciato la disponibilità globale di Workday Payroll fornito da Strada, una soluzione globale per la gestione delle risorse umane e della busta paga, potenziata dall'IA e ora disponibile in 57 paesi. Questa soluzione unificata offre alle organizzazioni una visione completa dei loro dati finanziari, delle risorse umane e della busta paga, migliorando l'accuratezza dei dati, il supporto alla compliance e la presa di decisioni strategiche.
Le principali caratteristiche includono:
- Analisi basata sull'IA dei dati HR e di busta paga per intuizioni previsionali
- Servizi di busta paga personalizzabili per paese
- Accesso globale al self-service per i dipendenti all'interno di Workday
Inoltre, Workday ha presentato Global Payroll Connect, una soluzione unificata che si integra con i fornitori di buste paga tramite API pre-costruite, prevista per il lancio in ottobre 2024.
Workday (NASDAQ: WDAY) y Strada han anunciado la disponibilidad global de Workday Payroll proporcionado por Strada, una solución global de recursos humanos y nómina impulsada por IA que ahora está disponible en 57 países. Esta solución unificada ofrece a las organizaciones una visión integral de sus datos financieros, de recursos humanos y de nómina, mejorando la precisión de los datos, el soporte de cumplimiento y la toma de decisiones estratégicas.
Las características clave incluyen:
- Análisis impulsado por IA de los datos de HR y nómina para obtener información predictiva
- Servicios de nómina personalizables por país
- Acceso global de autoservicio para empleados dentro de Workday
Además, Workday presentó Global Payroll Connect, una solución unificada que se integra con proveedores de nómina a través de API preconstruidas, que se lanzará en octubre de 2024.
워크데이 (NASDAQ: WDAY)와 스트라다가 인공지능 기반의 글로벌 인사 및 급여 솔루션인 스트라다가 제공하는 워크데이 급여의 전 세계 출시를 발표했습니다. 이 솔루션은 현재 57개 국가에서 이용 가능하며, 조직에 재무, 인사 및 급여 데이터의 종합적인 관점을 제공하여 데이터 정확성, 규정 준수 지원 및 전략적 의사 결정을 향상시킵니다.
주요 기능은 다음과 같습니다:
- 예측 통찰력을 위한 인사 및 급여 데이터의 인공지능 기반 분석
- 국가별 맞춤형 급여 서비스
- 워크데이 내 글로벌 직원 셀프 서비스 접근
또한 워크데이는 글로벌 급여 연결을 도입하였으며, 이는 사전 구축된 API를 통해 급여 제공업체와 통합되는 복합 솔루션으로 2024년 10월 출시될 예정입니다.
Workday (NASDAQ: WDAY) et Strada ont annoncé la disponibilité mondiale de Workday Payroll fourni par Strada, une solution mondiale de RH et de paie alimentée par l'IA, désormais disponible dans 57 pays. Cette solution unifiée offre aux organisations une vue d'ensemble complète de leurs données financières, RH et de paie, améliorant la précision des données, le support de conformité et la prise de décisions stratégiques.
Les principales caractéristiques incluent:
- Analyse alimentée par l'IA des données RH et de paie pour des perspectives prédictives
- Services de paie personnalisables par pays
- Accès global en libre-service pour les employés au sein de Workday
De plus, Workday a introduit Global Payroll Connect, une solution unifiée qui s'intègre avec les fournisseurs de paie via des API prédéfinies, prévue pour être lancée en octobre 2024.
Workday (NASDAQ: WDAY) und Strada haben die globale Verfügbarkeit von Workday Payroll, bereitgestellt von Strada, bekannt gegeben, einer KI-gesteuerten globalen HR- und Gehaltsabrechnungslösung, die jetzt in 57 Ländern verfügbar ist. Diese integrierte Lösung bietet Organisationen einen umfassenden Überblick über ihre Finanz-, HR- und Gehaltsdaten und verbessert die Daten genauen, die Unterstützung der Einhaltung von Vorschriften und die strategische Entscheidungsfindung.
Wichtige Funktionen umfassen:
- KI-gesteuerte Analyse von HR- und Gehaltsdaten für vorausschauende Einblicke
- Anpassbare Gehaltsabrechnungsdienste nach Land
- Globaler Self-Service-Zugang für Mitarbeiter innerhalb von Workday
Zusätzlich hat Workday Global Payroll Connect eingeführt, eine integrierte Lösung, die sich über vorgefertigte APIs mit Gehaltsabrechnungsanbietern verbindet und voraussichtlich im Oktober 2024 auf den Markt kommen wird.
- Expansion of Workday Payroll to 57 countries, increasing global market reach
- Integration of AI for predictive insights and improved decision-making
- Launch of Global Payroll Connect, enhancing connectivity with payroll providers
- Customizable payroll services to support local regulations and compliance
- None.
Insights
Workday's expansion of its payroll solution through the partnership with Strada is a strategic move to capture a larger share of the global payroll market. This could potentially increase Workday's revenue streams and enhance its competitive position. The AI-powered unified payroll experience across 57 countries addresses a significant pain point for multinational corporations, potentially driving customer acquisition and retention.
The introduction of Global Payroll Connect in October 2024 further strengthens Workday's ecosystem, creating additional revenue opportunities through API integrations with various payroll providers. This move aligns with the industry trend towards platform-based solutions, which typically command higher margins and customer stickiness.
Investors should monitor the adoption rates of these new offerings and their impact on Workday's financial performance in the coming quarters. The success of this initiative could potentially lead to improved profit margins and accelerated growth for Workday in the highly competitive HR technology market.
The integration of AI into Workday's global payroll solution marks a significant technological advancement in the HR tech space. By leveraging AI to analyze and interpret vast amounts of HR and payroll data, Workday is positioning itself at the forefront of the data-driven HR revolution. This capability could provide a substantial competitive edge over traditional payroll systems.
The unified view of finance, HR and payroll data, coupled with AI-powered insights, has the potential to transform decision-making processes for organizations. It addresses the growing demand for predictive analytics in workforce management, enabling proactive rather than reactive strategies.
The Global Payroll Connect solution, with its API-based architecture, demonstrates Workday's commitment to creating an open and flexible ecosystem. This approach aligns with modern software development practices and could accelerate innovation by allowing seamless integration with specialized payroll providers.
Workday's expansion of its global payroll solution addresses a growing market need for unified, AI-powered HR and payroll systems. The global payroll outsourcing market is projected to reach
The customization capabilities and compliance support across regions cater to the increasing complexity of global workforce management. This is particularly relevant as companies adopt more flexible and distributed work models post-pandemic. The self-service access for employees aligns with the trend towards enhanced employee experience in HR tech.
The partnership with Strada and the introduction of Global Payroll Connect demonstrate Workday's strategy to expand its ecosystem and create a more comprehensive offering. This approach could lead to increased market share and customer loyalty, potentially translating to long-term revenue growth for Workday.
Now Available in 57 Countries, New Solution Leverages AI to Analyze Global HR and Payroll Data, Anticipate Trends, and Customize Payroll Services All Within Workday
"By expanding our long-standing partnership with Strada, we are making it possible for more organizations across the globe to experience the power of a unified HR and payroll solution," said Matthew Brandt, senior vice president, global partners, Workday. "Bringing these critical functions together – with AI at the core – enables Workday customers to make better, more informed decisions to drive their workforces and businesses forward."
With Workday Payroll provided by Strada, customers can:
- Leverage AI to analyze and interpret vast amounts of HR and payroll data to provide predictive insights, anticipate trends, and make improved, data-driven decisions.
- Customize the level of payroll services per country to support local regulations and streamline compliance support across regions.
- Provide employees across the globe with self-service access to their payroll data within Workday – including tax withholdings, pay slips, employee demographics, and more – eliminating the need for multiple integrations and payroll systems.
"As global organizations face evolving payroll challenges – shifting regulations across geographies, increasingly distributed workforces, and changing employee expectations – the need for an agile and comprehensive payroll solution is critical to business success," said Luca Saracino, head of payroll and professional services, Strada. "This latest milestone with Workday further deepens our long-standing relationship, enabling us to deliver our fully integrated HR and payroll solution to even more customers worldwide."
Introducing Global Payroll Connect: One Solution to Manage All Payroll Needs
Today, Workday also announced Global Payroll Connect, a unified global payroll solution that can seamlessly connect with payroll providers – via pre-built API integrations – to deliver an end-to-end global payroll experience all within Workday.
As part of the expanded partnership, Strada is one of the early adopter partners using Global Payroll Connect.
Availability
Workday Payroll provided by Strada is now available to Workday Human Capital Management (HCM) customers.
Global Payroll Connect will be available to Workday customers and partners in October 2024.
For More Information
- Learn more about this strategic partnership here.
- Hear more about how Workday Payroll provided by Strada delivers a unified HR and payroll solution to customers across the globe at Workday Rising.
- Read Workday's new research report: The Strategic Ascent of Global Payroll.
- Discover how Global Payroll Connect delivers an end-to-end global payroll experience here.
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
© 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 full-year and second quarter fiscal 2025 subscription revenue and non-GAAP operating margin, growth, demand, strategy, and investments. 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 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: (i) breaches in our security measures or those of our third-party providers, unauthorized access to our customers' or other users' personal data, or disruptions in our data center or computing infrastructure operations; (ii) service outages, delays in the deployment of our applications, and the failure of our applications to perform properly; (iii) privacy concerns and evolving domestic or foreign laws and regulations; (iv) the impact of continuing global economic and geopolitical volatility on our business, as well as on our customers, prospects, partners, and service providers; (v) any loss of key employees or the inability to attract, train, and retain highly skilled employees; (vi) competitive factors, including pricing pressures, industry consolidation, entry of new competitors and new applications, advancements in technology, and marketing initiatives by our competitors; (vii) our reliance on our network of partners to drive additional growth of our revenues; (viii) the regulatory, economic, and political risks associated with our domestic and international operations; (ix) adoption of our applications and services by customers and individuals, including any new features, enhancements, and modifications, as well as our customers' and users' satisfaction with the deployment, training, and support services they receive; (x) the regulatory risks related to new and evolving technologies such as AI and our ability to realize a return on our development efforts; (xi) our ability to realize the expected business or financial benefits of any acquisitions of or investments in companies, (xii) delays or reductions in information technology spending; and (xiii) changes in sales, which may not be immediately reflected in our results due to our subscription model. Further information on these and additional risks that could affect Workday's results is included 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.
About Strada
Strada is a technology-enabled, people powered company committed to delivering world-class payroll, human capital management, and financial management solutions to organizations globally. With a team of more than 8,000 experts, Strada blends leading-edge technology with human ingenuity to help businesses across the globe design and deliver at scale. Supporting over 1,400 customers in 33 countries, Strada partners with customers at every stage of their journey, to help drive their vision to value. Discover how Strada can help drive your vision forward at www.stradaglobal.com.
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SOURCE Workday Inc.
FAQ
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