Workday, Inc. (NASDAQ: WDAY), a leader in enterprise cloud
applications for finance and human resources, today announced
continued momentum with higher education institutions, including
new customers Minnesota State Colleges and Universities, University
of Central Florida, University of Louisville, University of
Maryland, and University of Oklahoma. In addition, institutions
including The Ohio State University, University of Arkansas System,
and Washington State University were able to shift to virtual
deployments amid the pandemic, helping meet their go-live schedules
and maintaining business continuity.
Responding to Today’s Higher Education NeedsThe
COVID-19 pandemic has created challenges for higher education,
including shifting how institutions engage with students as well as
budget uncertainties due to reduced enrollment and in-person
learning. As a result, many institutions are accelerating their
business and technology transformation efforts to better respond to
the dynamics of today's changing world.
With the Workday suite of applications, including Workday
Financial Management, Workday Human Capital Management (HCM),
Workday Adaptive Planning, and Workday Student, higher education
customers are able to quickly respond to change while helping
ensure critical business operations continue to run smoothly and
securely. To date, more than 70 percent of Workday higher education
customers are live on Workday and realizing the benefits of a
cloud-based system in delivering better student and staff
experiences.
With Workday, higher education customers are able to:
- Improve business continuity and strengthen agility in
times of change. Institutions are better able to adapt to
new business processes, support new policies and delivery models,
and securely conduct important HR, payroll, finance, and student
transactions from any location. For example, throughout the
pandemic, Workday customers have been able to onboard new employees
and run payroll remotely, quickly create leave and absence codes to
comply with new legislation, complete financial close and external
audits virtually, and track all COVID-19-related expenses without
requiring manual processes or spreadsheets.
- Receive data-driven insights for continuous planning
and forecasting. Teams are able to perform continuous
financial and student enrollment “what-if” scenario modeling, and
better understand the health of campus operations and the academic
performance of students. For instance, institutions can simulate
the impact of international student enrollment on net tuition
revenue and other potential impacts of the pandemic.
- Empower and engage students
with a single system. Faculty and staff can benefit from a
single view of academic, financial, and advising information
through one system with Workday Student. With active engagement
tools, students can be kept updated with automated announcements,
alerts, push notifications, and personalized action items. For
example, students are able to receive notifications on the Workday
mobile application and can take action on financial aid and
registration tasks.
Comments on the News:
“Higher education is continuously evolving. The impacts of the
pandemic have accelerated change as institutions prioritize the
health and safety of their community, all while identifying new
ways of keeping students engaged during such a disruptive time,”
said Indy Bains, vice president, Industry Solutions Marketing,
Workday. “To help meet this dynamic environment, institutions need
agile systems that enable them to keep pace and meet the demands of
faculty, students, and new regulation. With Workday, higher
education customers have a system and partner that can help them
adapt – whether it’s managing campus housing, refactoring and
forecasting enrollment scenarios, and monitoring academic
performance of students – all while keeping their focus on the
needs of their people.”
“Washington State University is unifying five unique campuses
through our OneWSU initiative, and with the successful and
collaborative deployment of Workday Financial Management and
Workday HCM, we now have the technology foundation to help enable
the OneWSU strategic plan and execution goals,” said Stacy Pearson,
chief financial officer and vice president for finance and
administration, Washington State University. “The transformation
from a legacy system to a single, comprehensive cloud-based system
across all campuses, research centers, and extension offices, is
greatly improving processes and provides the timely information
needed to support and engage our employees.”
“With 7,000 faculty and staff, and 23,000 students across three
campuses and 12 colleges and schools, our legacy system was not
allowing us take advantage of enhanced customer experiences or
self-service, insights for better decision making and effective
university operations,” said Rehan Khan, vice provost and chief
information officer, University of Louisville. “Unifying our HR and
finance systems with Workday will be a game changer for us as we
continue to implement our cloud-first strategy using a core
strategic platform for our digital transformation journey. With
Workday, we will streamline operations to meet the changing demands
across our campuses, enable better services to our faculty and
students, and be better prepared to navigate any
uncertainties.”
“The cloud is becoming an imperative for higher education,
particularly with the rapid changes institutions have faced over
the past year,” said Vicki Tambellini, president and chief
executive officer of The Tambellini Group. “Our research shows the
number of institutions selecting cloud solutions is expected to
increase by more than 200 percent over the next five years. Workday
has demonstrated momentum with customer selections and go-lives in
higher education, and in 2021, we believe Workday Student will lead
the Student Cloud market with an anticipated 20+ institutions in
production.”
About WorkdayWorkday is a leading provider of
enterprise cloud applications for finance and human resources,
helping customers adapt and thrive in a changing world. Workday
applications for financial management, human resources, planning,
spend management, and analytics have been adopted by thousands of
organizations around the world and across industries – from
medium-sized businesses to more than 45 percent of the Fortune 500.
For more information about Workday, visit workday.com.
© 2021. 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 StatementsThis press release
contains forward-looking statements including, among other things,
statements regarding the expected performance and benefits of
Workday and Workday Strategic Sourcing’s offerings. The words
“believe,” “may,” “will,” “estimate,” “continue,” “anticipate,”
“intend,” “expect,” “seek,” “plan,” “project,” and similar
expressions are intended to identify forward-looking statements.
These forward-looking statements are subject to risks,
uncertainties, and assumptions. If the risks materialize or
assumptions prove incorrect, actual results could differ materially
from the results implied by these forward-looking
statements. Risks include, but are not limited to, risks
described in Workday’s filings with the Securities and Exchange
Commission (“SEC”), including our Form 10-K for the fiscal year
ended January 31, 2021, and future reports that may be filed 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.
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 and Workday Strategic Sourcing’s discretion and may not
be delivered as planned or at all. Customers who purchase Workday
and/or Workday Strategic Sourcing services should make their
purchase decisions based upon services, features, and functions
that are currently available.
Media Contact: Vanessa McNulty
media@workday.com
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