Menu
Workday targets professional services with new suite

Workday targets professional services with new suite

Featuring both finance and HR capabilities, it aims to deliver a one-stop alternative for companies focused on billable projects

Workday's new Professional Services suite

Workday's new Professional Services suite

Anyone who's ever worked in professional services knows that the focus there on people and billable projects can open up a world of specialized requirements from any supporting business software. With that very distinction in mind, Workday on Thursday unveiled a new suite of financial and human-resources tools designed specifically for professional services users.

Offering functionality for both financial management and human capital management, Workday Professional Services Automation aims to give companies a unified alternative to the patchwork of often-disconnected solutions that many currently rely on. A single system delivers insights and analytics regarding people, revenue, expenses and profitability, allowing customers to optimize project performance, Workday said.

Workday HCM tools, for instance, are designed to make it easier for an entire organization to collaborate on recruiting, staffing, development and retention of talent. To staff a new client team, resource and project managers can search through internal talent pools, including full-time and contingent workers, to find people with the availability, skills and competencies for the role. If external candidates are needed, Workday Recruiting can help open a job requisition and begin the hiring process.

Embedded analytics and reporting capabilities, meanwhile, enable organizations to drill down into resource-utilization reports, for example, to make sure they're maximizing the time billable employees spend on revenue-generating projects. In a similar vein, resource managers can view resource-demand reports to better understand incoming work and address staffing needs accordingly.

Workday's financial-management tools, on the other hand, help finance teams support the billing, revenue-recognition and financial-reporting needs of each client or project. Finance specialists can automate project billing, for instance, to support evolving client needs and business demands.

Finally, mobile capabilities in Workday PSA allow workers to access insights and take action wherever they happen to be. An employee could snap a photo and submit an expense receipt on a mobile phone, for example.

Also on Thursday, Workday announced the general availability of Workday Talent Insights, the first of a suite of applications it announced last November. Powered by predictive analytics, the new tool gives users a way to identify top performers at risk of leaving their company, among other capabilities.

Both new offerings are available now as part of Workday 24, the company's latest release.


Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags HRsoftwareapplicationsindustry verticalsworkdayFinancial / tax

Featured

Slideshows

Meet the leading customer-centric Microsoft channel partners

Meet the leading customer-centric Microsoft channel partners

Microsoft honoured leading partners across the channel following a year of customer innovation and market growth in New Zealand. The 2018 Microsoft Partner Awards recognised excellence within the context of the end-user, spanning a host of emerging and established providers.

Meet the leading customer-centric Microsoft channel partners
Reseller News launches new-look Awards at 2018 Judges’ Lunch

Reseller News launches new-look Awards at 2018 Judges’ Lunch

Introducing the Reseller News Innovation Awards, launched to the channel at the 2018 Judges’ Lunch in Auckland. With more than 70 judges now part of the voting panel, the new-look awards will reflect the changing dynamics of the channel, recognising excellence across customer value and innovation - spanning start-ups, partners, distributors and vendors.

Reseller News launches new-look Awards at 2018 Judges’ Lunch
Show Comments