PLEASANTON, Calif., May 16, 2019 (GLOBE NEWSWIRE) -- Workday, Inc. (NASDAQ:WDAY), a leader in enterprise cloud applications for finance and human resources, today announced it has been positioned by Gartner, Inc. in the Leaders quadrant of the Magic Quadrant for Cloud Core Financial Management Suites for Midsize, Large, and Global Enterprises1. Workday was acknowledged as a Leader for the third year in a row.
Businesses today are facing growing demands to scale, recruit the best talent, and navigate a complex regulatory environment. To support these heightened dynamics, customers globally are turning to Workday to help them plan, execute, and analyze across the enterprise, all in one system, powered by machine learning. As part of this, Workday continues to invest heavily in its core finance offering – Workday Financial Management – which has been selected by more than 650 organizations to manage their finance operations in the cloud, plan for uncertainty, and drive strategic advantage.
As these customers look to grow, Workday is expanding the breadth and depth of Workday Financial Management to create greater value for employees and the business. These planned advancements include:
Comment on the News
“We believe Gartner’s recognition of Workday as a Leader in cloud core financial management suites for the third consecutive year demonstrates our commitment to product innovation and heightened investment in new capabilities that address our global customers’ needs,” said Barbara Larson, general manager, Workday Financial Management. “There’s no questioning the power of technology to drive growth and mitigate risk in our increasingly dynamic and global business environment. This is why more organizations are leading their digital transformations with finance, and more finance teams are partnering with Workday to provide the experience and insights they need to prepare for the future and drive the business forward.”
1 Gartner “Magic Quadrant for Cloud Core Financial Management Suites for Midsize, Large, and Global Enterprises,” by John Van Decker | Robert Anderson | Greg Leiter, 13 May 2019.
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Workday is a leading provider of enterprise cloud applications for finance and human resources. Founded in 2005, Workday delivers financial management, human capital management, planning, and analytics applications designed for the world’s largest companies, educational institutions, and government agencies. Organizations ranging from medium-sized businesses to Fortune 50 enterprises have selected Workday.
This press release contains forward-looking statements including, among other things, statements regarding the expected performance and benefits of Workday’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 our filings with the Securities and Exchange Commission (SEC), including our Form 10-K for the fiscal year ended January 31, 2019 and our future reports that we may 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.
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