Workday now has 31 million users, 2300 HCM customers and 530 Finance customers. Over 500 of those are in EMEA and APAC, that is more than double the number two years ago according to Chano Fernandez Co-President.
50% of the Fortune 50 use its platform and 35% of the Fortune 500. 70% of its customers are now live and there are 20 customers that have been live for more than 10 years. Most importantly though customers are happy.
Workday hopes its expanded product offering and the acquisition of Adaptive Insights will help it compete with SAP and Oracle in the ERP market
Workday is transitioning from an HR and business finance software suite into a full enterprise resource planning (EPR) platform as it aims to compete with industry heavyweights Oracle and SAP.
The cloud SaaS vendor hopes that its recent acquisition of Adaptive Insights will help bolster its growing portfolio of enterprise applications by adding business planning
At the annual Workday Rising conference in Vienna, Aneel Bhusri, Workday’s cofounder and CEO, explained how this makes them a threat to the established ERP vendors.
“It will play a critical role,” he said. “If I had to do it all over again, frankly, Workday would have gone into planning before it went into the core financial ERP applications, because the CFO’s office today is going through the transition from on-premise to cloud for planning first in many cases and the transactional piece second.
“What it allows us to do is if a company is not ready to move to the ERP in the cloud, but they’ve moved HR, they’ve moved planning, we’re very well positioned to be that ERP solution when they decide to move, so planning is absolutely critical.
“Every company starts their year and starts their cycle with planning. It’s at the core of everything and it’s actually becoming more important over time. It really positions us well to win the rest of the ERP business once we’re a planning vendor.”