PLEASANTON, Calif., Nov. 20,
2024 /PRNewswire/ -- Workday, Inc. (NASDAQ:
WDAY), a leading provider of solutions to help organizations manage
their people and money, has been positioned by Gartner, Inc. as a
Leader in the 2024 Gartner Magic Quadrant for Financial Planning
Software1 for the third consecutive year. A
complimentary copy of the report is available here.
Workday helps financial planning and analysis (FP&A) teams
deliver more frequent and comprehensive plans and forecasts. With
Workday Illuminate™, the next generation of Workday AI, FP&A
teams can accelerate common tasks, generate AI-assisted scenarios,
and improve cross-functional participation in the planning process,
enabling faster insights and agile decision making in an
ever-changing environment. More than 6,500 customers across the
globe including AWS, Capstone Logistics, CNA Financial, KeyBank,
and McLaren Racing selected Workday Adaptive Planning to
make planning and analysis more accurate and efficient.
"Workday improves budgeting, planning, and modeling scenarios
with AI-driven insights so FP&A leaders can elevate their
impact and make strategic decisions faster," said Chris Wada, general manager, planning, Workday.
"We believe this recognition as a Leader for the third consecutive
year reaffirms our commitment to delivering the modern, innovative
financial planning solutions customers demand to proactively
anticipate change, analyze multiple scenarios on the fly, and drive
efficiency."
Continuous Planning to Power Better, More Informed
Decisions
Workday Adaptive Planning helps organizations
overcome static and disconnected planning, data silos, and
time-consuming manual processes with the flexibility and
scalability required to keep pace with the evolving business
landscape.
With Workday, organizations can:
- Transform traditional budgeting and forecasting with
AI-driven enterprise planning. As organizations push to expand
markets, launch new products, and fuel growth, FP&A teams are
in greater need to free up time for strategic analysis by
automating company-wide collaborative planning. With Workday,
FP&A leaders can streamline manual processes, create predictive
forecasts from historical data patterns, and surface
anomalies.
- Achieve greater agility. With business leaders seeking
continuously updated company-wide plans to remain agile, FP&A
professionals can't afford to be stuck in an endless cycle of
collecting, aggregating, aligning, and trouble-shooting. Workday
provides the adaptability required for FP&A teams to create and
analyze unlimited scenarios to support continually evolving
business requirements.
- Integrate with any third-party system of record.
Effective planning demands vast amounts of data—from within and
outside the company. Workday integrates financial and operational
data across ERP, CRM, marketing and HR systems, and data warehouses
to support consistent, accurate financial and operational
processes. Customers with Workday Human Capital Management (HCM)
and Workday Financial Management further benefit from the native
dimensionality that results in better plans, deeper insights, and
faster execution.
Driving Value Across the Business with Strong Customer
Satisfaction
Gartner® Peer Insights™ documents customer
experience through verified ratings and peer reviews. As of
November 1, 2024, Workday Adaptive
Planning reviews include the following:
- "Workday Adaptive Planning has been the most successful
technology-driven process transformation we have ever implemented.
It gave us a step-change in how we plan and enabled us to
significantly reduce the time and effort spent to prepare and
consolidate various plans." – Vice President, Finance, Planning And
Op in the energy and utilities industry [read full review]
- "Absolutely Mandatory In Today's Competitive Market! Workday
Adaptive [Planning] is not only a budgeting tool for your company,
but it also allows you to slice your data in numerous different
ways. This is crucial when you are in a complex industry but need
to present the data to business leaders in a very simple way to
allow them to make meaningful decisions." – Finance Manager in the
retail industry [read full review]
- "Huge upgrade to financial planning processes. This product has
made our financial planning process much more efficient by taking
many steps out of the process, while maintaining integrity in a
complex financial model." – Director of Finance in the travel and
hospitality industry [read full review]
For More Information
- Download a complimentary copy of the report, 2024 Gartner®
Magic Quadrant™ for Financial Planning Software.
- Read the blog, Workday Named a Leader in the 2024
Gartner® Magic Quadrant™ for Financial Planning Software
for Third Year in a Row.
- Learn why Workday was recognized as a 2024 Customers' Choice
for Financial Planning Software by Gartner® Peer
Insights™2 earlier this year.
Gartner Disclaimer:
Gartner does not endorse any
vendor, product or service depicted in our research publications,
and does not advise technology users to select only those vendors
with the highest ratings or other designation. Gartner research
publications consist of the opinions of Gartner's research
organization and should not be construed as statements of fact.
Gartner disclaims all warranties, expressed or implied, with
respect to this research, including any warranties of
merchantability or fitness for a particular purpose.
Gartner Peer Insights content consists of the opinions of
individual end users based on their own experiences, and should not
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GARTNER is a registered trademark and service mark, PEER
INSIGHTS and MAGIC QUADRANT is a registered trademark of Gartner,
Inc. and/or its affiliates in the U.S. and internationally and are
used herein with permission. All rights reserved.
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.
1 Gartner Magic Quadrant for Financial Planning
Software, Regina Crowder,
Vaughan Archer, Matthew Mowrey, Michelle
Carlsen, 18 November 2024
2 Gartner, Voice of the Customer for
Financial Planning Software, By Peer
Contributors, 24 May 2024
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SOURCE Workday Inc.
