Saba Announces Second Quarter Fiscal Year 2012 Results…from Saba

January 7, 2012

 

  • Cloud billings grew 89% year-over-year
  • Cloud deferred revenue grew 113% year-over-year
  • Cloud revenue grew 64% year-over-year
  • Subscription revenue grew 23% year-over-year; representing 63% of total revenues
  • Subscription gross margin expanded to 77%
  • Total deferred revenue increased 33% year-over-year to $47.3 million

HRchitect featured Saba in our release of The Suite Life of Integrated Talent Management and also includes them in our list of top Talent Management Systems and top Learning Management Systems vendors that businesses should consider. A.G. Lambert, the VP of Marketing with Saba appeared on the HRchitect WebMingle on August 14, 2009. Matt Lafata with HRchitect attended the 2010 Saba Global Summit and Analyst Day in Boston, MA. Matt Lafata & Tiffany Appleby attended the Saba Global Sales Rally FY12 in June 2011 in Redwood City, CA.

If you are looking for a new Talent Management System, or any HR system, don’t rely solely on “recommendations” or published reports. Do yourself a huge favor and talk to HRchitect first. After 15 years, HRchitect has unparalleled knowledge of the HR and Talent Management vendor community and can save you time and money in selection and implementation. Simply put, do not invest in any kind of HR technology without consulting with the experts first. HRchitect is always available to help!

 

Saba (NASDAQ: SABA), the premier People Cloud provider, today reported financial results for its second quarter ended November 30, 2011.

“With cloud billings growing over 80% for the second straight quarter, we believe we have emerged as one of the fastest growing public cloud businesses,” said Bobby Yazdani, Founder and CEO, Saba. “We signed twice as many one million dollar deals this quarter as we did last quarter, and in the second quarter alone, we added over one million subscribers to the Saba People Cloud.”

Results for the Second Quarter Fiscal Year 2012

Revenues: Total GAAP revenues were $30.4 million in the second quarter of fiscal year 2012, up 4% from $29.2 million in the same quarter last year. Total non-GAAP revenues in the second quarter of fiscal year 2012 were $30.6 million, up 5%, compared to $29.2 million in the same quarter last year. On a GAAP basis, cloud revenues in the second quarter increased 64% to $9.7 million from $5.9 million in the same quarter of the prior year. Non-GAAP revenues reflect the impact to revenue of fair value adjustments to deferred revenue due to acquisitions.

Deferred Revenue: Total deferred revenue was $47.3 million at the end of the second quarter of fiscal year 2012, up 33% year-over-year. Deferred revenue from cloud subscriptions grew 113% year-over-year to $23.8 million at the end of the second quarter.

Earnings (Loss) per Share: GAAP loss per share was $0.16 in the second quarter of fiscal year 2012 compared to a loss per share of $0.03 in the same period last year. Non-GAAP loss per share was $0.10 in the second quarter of fiscal year 2012 compared to earnings per share of $0.02 in the second quarter of the last fiscal year.

Our non-GAAP results are calculated by adjusting GAAP results for the impact of certain items including (i) non-cash amortization of intangibles, (ii) non-cash share-based compensation expenses, (iii) non-operating reorganization costs, (iv) the impact to revenue of fair value adjustments to deferred revenue due to acquisitions and (v) other acquisition related costs. A reconciliation of GAAP to non-GAAP results is included in the financial statements accompanying this press release.

Cash: Cash used in operations was $4.4 million in the second quarter of fiscal year 2012, and cash and cash equivalents at November 30, 2011 were $15.0 million. Saba typically uses cash in the first half of the fiscal year and generates positive cash flow in the second half of the fiscal year due to strong subscription renewals in the third and fourth quarters.

Key Business Highlights: Saba added 29 new enterprise customers in the quarter including Vodafone, Royal Dutch Shell, ANZ Bank, Weight Watchers, and National Multiple Sclerosis Society.

During the quarter, Saba established a strategic partnership with Workday where Saba People Cloud solutions will be tightly integrated with Workday HCM. Saba also formed a cross-selling relationship with Kronos. Saba’s industry-leading learning and talent management solutions will be combined with Kronos® recruiting and workforce management suite to offer an end-to-end solution to support the entire hourly employee life cycle.

Business Outlook

The following statements are based on current expectations as of the date of this release. These statements are forward-looking, and actual results may differ materially. Saba does not undertake any obligations to update these forward-looking statements.

For fiscal year 2012, ending May 31, 2012, Saba reiterates its forecast of total GAAP revenues to be in the range of $130 million to $133 million and total billings to grow in the range of 16% to 18% in fiscal year 2012 over fiscal year 2011.

Since the Company has successfully transformed to a cloud business, Saba is introducing guidance for cloud billings for fiscal year 2012. Management believes this key metric better reflects the core growth of the company. Saba forecasts cloud billings to grow in excess of 60% in fiscal year 2012 over fiscal year 2011.

The Company also reiterates its forecast for GAAP net loss to range from $0.39 to $0.45 per share and non-GAAP net loss to range from $0.17 to $0.23 per share. Saba also confirms that it expects to return to non-GAAP profitability in the second half of fiscal year 2012.

Fiscal year 2012 non-GAAP outlook excludes certain items including non-cash amortization of intangibles, non-cash stock-based compensation expenses, the impact to revenue of fair value adjustments to deferred revenue due to acquisitions, other acquisition related costs and non-operating reorganization costs.

For more information on Saba, please visit www.saba.com

To learn more about HRchitect’s expertise in HR technology strategy, selection and implementation services, and how HRchitect can help your organization, please visit www.HRchitect.com

 
Matt Lafata, HRchitect

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Workday Introduces Latest Update: Workday 15…from Workday

October 31, 2011

Delivers Enhancements for Talent Management, Payroll, Financial Management, Solutions for Higher Education, and Integrations to Popular User Collaboration Tools

If you are looking for a new Talent Management System, or any HR system, don’t rely solely on “recommendations” or published reports. Do yourself a huge favor and talk to HRchitect first. After 14 years, HRchitect has unparalleled knowledge of the HR and Talent Management vendor community and can save you time and money in selection and implementation. Simply put, do not invest in any kind of HR technology without consulting with the experts first. HRchitect is always available to help!

Workday Inc., the leader in SaaS-based enterprise solutions for global human resources, payroll and financial management, recently introduced Workday 15. This update includes enhancements to Talent Management, Global Payroll Solutions, Financial Management, solutions for Higher Education, and new integrations with Microsoft Outlook® and Salesforce Chatter™.

Workday 15 also unveils Workday’s enhanced technology architecture for optimally handling the complex and intensive in memory transaction processing and reporting for very large enterprises.

What’s New

User Experience

  • With this update, Workday continues to bring its human capital management solution (HCM) into the natural environments in which workers work – no longer requiring users to login using a standard browser interface.
  • Workday for Outlook, accessible via the Xobni Gadget Store, allows workers to access their Workday inbox, search for colleagues, and view contact information directly in Microsoft Outlook.
  • Workday for Chatter enables workers to view their Workday inbox – including notifications, approval requests, and workforce data – directly from their Chatter stream.

Talent Management

  • Talent Reviews introduces a new business process and guided experience for workers and their manager to capture career and talent profile information used to inform talent review meetings among business leaders.
  • Career Interests provides a new way for employees to express their career goals and aspirations, explore jobs within their company, and compare their qualifications to those identified for a job.
  • Workday and Cornerstone OnDemand provide integration between Cornerstone Learning Cloud and Workday Human Capital Management.

Global Payroll Solutions

  • In Workday 15, Workday makes available an expanded set of payroll solutions for global enterprises.
  • Workday Payroll for Canada addresses the full spectrum of enterprise payroll needs while providing administrators with new levels of flexibility, control, and visibility.
  • Workday Bi-Directional Payroll Connector allows enterprises to import data from a third-party payroll provider back into an HCM solution.

Financial Management

  • Workday 15 extends its capabilities as a comprehensive financial management and accounting solution for global and complex organizations.
  • Financial transactions and reporting provides significant additions to the transactions, processes, and reporting capabilities including everything from accounting and assets to projects and expenses.
  • Enhanced financial analytics provides new levels of visibility into cash collection cycles and into the total cost of workers and the work they do.

Performance and Scalability

  • Workday also unveils its enhanced technology architecture. Workday’s Object Management Server (OMS) has been transformed into a set of distributed application services that deliver:
    • Grid processing for CPU-intensive process such as Payroll.
    • Elastic computing to execute customer developed integrations on demand.

Solutions for Higher Education

  • Workday continues to develop functionality that meets the unique needs of universities and their diverse, global workforces. With Update 15, Higher Education customers will have improved visibility into one of their most important resources – faculty – through new appointment and tenure tracking capabilities.

Comments on the News:
“Workday 15 is the culmination of many strategic initiatives that have been in development this year,” said Stan Swete, Workday chief technology officer. “Unlike with on premise software, the SaaS model uniquely enables customers to immediately benefit from enhanced functionality, performance and scalability without the requirement to invest in expensive servers, software upgrades, and performance benchmarking initiatives.”

All Workday customers will go live on Workday 15 this December.

For more information on Workday, please visit www.workday.com
Matt Lafata, HRchitect

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Cornerstone OnDemand and Workday Collaborate to Provide Seamless Integration of Learning and Human Capital Management Cloud Solutions…from Cornerstone OnDemand

October 31, 2011

 

Companies Create a Unified Experience for Organizations that Closely Align Learning and Development with Broader Human Capital Management Initiatives in the Cloud

HRchitect featured Cornerstone OnDemand in our release of The Suite Life of Integrated Talent Management and also includes them in our list of top Talent Management Systems and top Learning Management Systems vendors that businesses should consider. Charles Coy participated in the HRchitect WebMingle on January 16, 2009. Cornerstone OnDemand participated in the Talent Management Systems Beauty Pageant in December 2008, where they were crowned the winner.

If you are looking for a new Talent Management System, or any HR system, don’t rely solely on “recommendations” or published reports. Do yourself a huge favor and talk to HRchitect first. After 14 years, HRchitect has unparalleled knowledge of the HR and Talent Management vendor community and can save you time and money in selection and implementation. Simply put, do not invest in any kind of HR technology without consulting with the experts first. HRchitect is always available to help!

 

Learning and talent management software provider Cornerstone OnDemand (NASDAQ: CSOD) announced recently that it has collaborated with Workday Inc., the leader in SaaS-based enterprise solutions for human resources, payroll and financial management, to enable integration between the Cornerstone Learning Cloud and Workday Human Capital Management (HCM).

Customers of Cornerstone OnDemand and Workday will be able to use this cloud-to-cloud integration at no added cost, and without the need for custom development or additional middleware or servers. The jointly designed and developed integration will bring worker, organizational and talent information to and from Workday Human Capital Management and the Cornerstone Learning Cloud. This will enable customers to leverage their investments in each solution and bring together the key information employees, managers and executives need to have in one place.

“The Cornerstone and Workday integration creates a truly unified experience for organizations that want to align learning with their broader human capital and talent management initiatives,” said David Somers, vice president of alliances and strategy for Cornerstone OnDemand. “The close collaboration among our product teams ensures that organizations are now able to seamlessly share relevant data among the systems, such as competencies, and transcripts and certifications, and, in turn, more effectively develop their workforces.”

“Companies want to integrate training and development with their core human capital management system of record without the inconvenience of disjointed systems,” said Leighanne Levensaler, vice president of HCM Strategy at Workday. “With this collaboration, customers that use Workday and Cornerstone can benefit from a seamless integration that unites their core system of record with learning management solutions.”

The Cornerstone Learning Cloud, with features for e-learning, instructor-led training administration, compliance management, enterprise social networking and more, has been recognized as a leading solution by industry analyst firms such as IDC and Forrester Research. Earlier this year, Cornerstone also was positioned by Gartner Inc. in the “Leaders Quadrant” of the 2011 Gartner Magic Quadrant for Corporate Learning Systems report.

For more information about Cornerstone OnDemand, visit www.cornerstoneondemand.com.

 
Matt Lafata, HRchitect

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Jobvite and Workday Partner to Integrate Leading Recruiting and Human Resources Platforms …from Jobvite

October 27, 2011

 

Combined offering from SaaS innovators engages employees to improve the speed and quality of hiring

Dan Finnigan, CEO, and Jamie Glenn, Chief Product Officer with Jobvite both appeared on the HRchitect WebMingle on July 8, 2010. If you are looking for a new Talent Management System, or any HR system, don’t rely solely on “recommendations” or published reports. Do yourself a huge favor and talk to HRchitect first. After 14 years, HRchitect has unparalleled knowledge of the HR and Talent Management vendor community and can save you time and money in selection and implementation. Simply put, do not invest in any kind of HR technology without consulting with the experts first. HRchitect is always available to help!

 

This week at Workday Rising 2011, Jobvite, the leading recruiting platform for the social web, announced a partnership with Workday, the leader in SaaS-based enterprise solutions for global human resources, payroll and financial management. Jobvite will integrate its award-winning social recruiting and applicant tracking innovations with Workday Human Capital Management (HCM).

Jobvite provides social recruiting technologies on a subscription basis that work across social networks and lead the market in their proven ability to drive referral hires. Jobvite enables jobs to be shared across social networks, on websites and via email not just by recruiters and hiring managers but by every employee of its client companies. The company’s Software-as-a-Service products automate all of the steps in the hiring process and provide complete visibility via real time analytics.

The Jobvite integration with Workday will lower cost and implementation time for connecting these leading solutions for recruiting and human capital management. It will enable customers of both solutions to plug Jobvite into their Workday infrastructure and seamlessly share current data across platforms.

“One of the benefits of cloud-based SaaS solutions is the flexibility to choose the best solutions to meet business needs. HR leaders have asked for us to integrate with Workday because it has been built from the ground up for today’s business consumer of web-based services,” said Dan Finnigan, President and Chief Executive Officer of Jobvite. “Now our joint customers can integrate company directory into Jobvite making it easy to engage all employees in referral hiring and manage a productive recruiting process.”

Our companies share a philosophy about enabling employees throughout the company to be productively engaged in managing key business processes. We’re happy to partner with Jobvite to bring valuable social recruiting and applicant tracking innovations to our loyal Workday customers,” said Jeff Pulver, Workday’s vice president, business development.

For more information on Jobvite, please visit www.jobvite.com

 
Matt Lafata, HRchitect

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Saba Partners with Workday to Bring Cloud Learning and Human Capital Management Solutions to Customers…from Saba

October 26, 2011

 

Industry Leaders Align to Provide Award-Winning Solutions to Enable a Transformative Workplace

HRchitect featured Saba in our May 2008 release of The Suite Life of Integrated Talent Management and also includes them in our list of top Talent Management Systems and top Learning Management Systems vendors that businesses should consider. A.G. Lambert, the VP of Marketing with Saba appeared on the HRchitect WebMingle on August 14, 2009. Matt Lafata with HRchitect attended the 2010 Saba Global Summit and Analyst Day in Boston, MA. Matt Lafata & Tiffany Appleby attended the Saba Global Sales Rally FY12 in June 2011 in Redwood City, CA.

If you are looking for a new Talent Management System, or any HR system, don’t rely solely on “recommendations” or published reports. Do yourself a huge favor and talk to HRchitect first. After 14 years, HRchitect has unparalleled knowledge of the HR and Talent Management vendor community and can save you time and money in selection and implementation. Simply put, do not invest in any kind of HR technology without consulting with the experts first. HRchitect is always available to help!

 

Saba (NASDAQ:SABA), the premier People Cloud provider, today announced at Workday Rising 2011 that it has established a new partnership with Workday, a leader in SaaS-based enterprise solutions for global human capital, payroll and financial management, to provide enterprise-class learning and human capital management (HCM) solutions to joint customers in the cloud. Saba’s leading learning management solutions, delivered via the Saba People Cloud, will be tightly integrated with Workday HCM.

The two organizations’ complementary solutions will provide customers a broad portfolio of human capital management and enterprise learning solutions to drive business impact.

In addition, Saba will use Workday Studio, a powerful development tool that builds sophisticated and highly customizable integrations to and from Workday. Using Workday Studio, a component of Workday’s Integration Cloud, joint customers will be able to reduce cost of integration and speed time to deployments.

Supporting Quotes
“Our customers look for strong integration with best-in-class cloud business applications that deliver greater productivity for their people,” said Jeff Carr, president, global field operations.  “We’re very excited about this partnership with Workday, as it will allow Saba and Workday to provide significant value to our joint customers around the globe by delivering an integrated and unique customer experience.”

“We are pleased to have Saba join the Workday ecosystem and leverage the Workday Integration Cloud,” said Jeff Pulver, Workday’s vice president, business development. “Many of Workday’s customers are looking for an integrated HCM and learning solution and Saba has a great track record of success.”

For more information on Saba, please visit www.saba.com

 
Matt Lafata, HRchitect

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Workday Closes $85 Million in Series F Financing…from Workday

October 24, 2011

 

Investors Include T. Rowe Price, Morgan Stanley Investment Management, Janus Capital Group, and Bezos Expeditions

If you are looking for a new Talent Management System, or any HR system, don’t rely solely on “recommendations” or published reports. Do yourself a huge favor and talk to HRchitect first. After 14 years, HRchitect has unparalleled knowledge of the HR and Talent Management vendor community and can save you time and money in selection and implementation. Simply put, do not invest in any kind of HR technology without consulting with the experts first. HRchitect is always available to help!

 

Workday, Inc., the leader in SaaS-based enterprise solutions for global human resources (HR), payroll, and financial management, has closed $85 million in Series F financing. The round was led by new investors, including T. Rowe Price, Morgan Stanley Investment Management, Janus Capital Group Inc., and Bezos Expeditions, the personal investment company of Amazon.com founder and CEO, Jeff Bezos.

Workday was founded by Dave Duffield and Aneel Bhusri in 2005 to offer a cloud alternative for mid- and large-sized enterprises saddled with on-premise deployments of legacy software. Today, Workday offers Human Capital Management, Payroll, and Financial Management solutions, making it easy for organizations to rip and replace entire traditional administrative ERP systems. More than 230 companies – accounting for over two million users – have selected Workday.

“We believe the caliber of this group of investors underscores the market opportunity before us. The world’s largest and most global enterprises are moving their business management solutions to the cloud,” said Aneel Bhusri, Workday co-founder and CEO. “With this capital, Workday will continue to expand its core technology, products, go-to-market capability, and administrative infrastructure. Dave and I couldn’t be more thrilled to welcome T. Rowe Price, Morgan Stanley Investment Management, Janus Capital Group, Bezos Expeditions, and the other investors to Workday.”

Allen & Company LLC served as financial adviser to Workday and assisted the company in putting together this financing.

For more information on Workday, please visit www.workday.com

 
Matt Lafata, HRchitect

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Workday Expands Payroll Solutions for Global Enterprises…from Workday

May 25, 2011

 

Introduces Industry’s First Bi-Directional Payroll Connector; Announces Canadian Payroll

If you are looking for a new Talent Management System, or any HR system, don’t rely solely on “recommendations” or published reports. Do yourself a huge favor and talk to HRchitect first. After 14 years, HRchitect has unparalleled knowledge of the HR and Talent Management vendor community and can save you time and money in selection and implementation. Simply put, do not invest in any kind of HR technology without consulting with the experts first. HRchitect is always available to help!

Workday, Inc., the leader in SaaS-based enterprise solutions for global human resources (HR), payroll, and financial management, today introduces an expanded set of payroll solutions for the global enterprise.  Organizations that use Workday Human Capital Management (HCM) and Workday Payroll solutions gain unprecedented levels of global insight into payroll actuals and true workforce costs.

What’s New
Workday delivers an expanded set of payroll solutions to further simplify the historically burdensome task of paying workers around the world. 

  • Workday Bi-Directional Payroll Connector. By leveraging the Workday Integration Cloud, Workday will deliver the industry’s only bi-directional payroll connector. For the first time, enterprises will be able to import data from a third-party payroll provider back into an HCM solution, gaining a comprehensive view of payroll data across the global workforce. This new level of insight will allow users to analyze payroll data in support of more effective decision making such as: 
    • Improving cash forecasting
    • Comparing actuals to budget
    • Optimizing pay ranges
    • Managing allowance and overtime policies, and
    • Better understanding the true cost of their workforce around the world.

Workday Bi-Directional Payroll Connector will be available in Workday 15, November 2011. 

  • Workday Payroll for Canada.  Like Workday Payroll for the U.S., Workday Payroll for Canada addresses the full spectrum of enterprise payroll needs while providing administrators with new levels of flexibility, control, and visibility.  Since it is delivered in the cloud, Workday automatically applies new tax updates immediately after they take effect, eliminating the need for regular upgrades and patches as required by on-premise payroll systems.  Workday Payroll for Canada will also be available in Workday 15.

 

  • Partnerships.  Workday recently announced payroll partnerships with OneSource VHR, SafeGuard World International, and Patersons, underscoring its commitment to providing customers with choice and flexibility around payroll processing.  OneSource VHR provides payroll co-sourcing services including payroll settlement, tax administration, and garnishments administration.  This partnership provides Workday customers with all the benefits of outsourced payroll services along with full visibility and control of their data as well as the flexibility to insource their payroll at any point in the future.  For customers that prefer to partner with payroll vendors in local markets, Workday has delivered a packaged integration to SafeGuard World International and partnered with Patersons to provide support for payroll processing in almost 100 countries worldwide. 

Today, more than half of all companies that select Workday HCM also choose Workday Payroll.  Companies that have selected Workday to manage and pay their workforce include CareerBuilder, Chiquita Brands, Fairchild Semiconductor, Life Time Fitness, and McKee Foods.

Comments on the News

“Workday minimizes the burden of managing payroll providers around the globe while maximizing flexibility and choice in choosing local payroll providers,” said Leighanne Levensaler, vice president, Workday HCM strategy.  “The combination of Workday HCM and Workday Payroll solutions provides enterprises with unprecedented visibility into the true cost of their global workforce and enables more strategic business decisions.”

For more information on Workday, please visit www.workday.com
Matt Lafata, HRchitect

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Workday Introduces Newest Update: Workday 13…from Workday

April 27, 2011

 

Delivers New Functionality Across Human Capital Management, Payroll, Initiatives, Financial Management, and Spend Management Solutions

If you are looking for a new Talent Management System, or any HR system, don’t rely solely on “recommendations” or published reports. Do yourself a huge favor and talk to HRchitect first. After 14 years, HRchitect has unparalleled knowledge of the HR and Talent Management vendor community and can save you time and money in selection and implementation. Simply put, do not invest in any kind of HR technology without consulting with the experts first. HRchitect is always available to help!

Workday, Inc., the leader in SaaS-based enterprise solutions for global human resources (HR), payroll, and financial management, today introduces its current update: Workday 13.

Three times per year, Workday releases feature-packed updates to its Human Capital Management (HCM), Payroll, Initiatives, Financial Management, and Spend Management solutions. Unlike traditional on-premise software that requires costly and time-consuming upgrades every 3 to 5 years, Workday’s multi-tenant architecture allows customers to move to new updates in just a few days — at no additional cost — as part of their regular subscription fees. As of today, all live Workday customers are running Workday 13.

What’s New

  • Workday HCM. Workday HCM is a unified solution that includes global human resources management and talent management capabilities.

 

    • HR functionality introduced in Workday 13 allows customers to quickly respond to new U.S. healthcare regulations and global personnel data changes. Workday also delivers best-in-class position budgeting, providing visibility into and understanding of workforce cost and capacity. This update also allows HR practitioners and managers to leverage market salary data for benchmarking, fair worker compensation, and manager decision support.
    • Workday continues to extend its talent management footprint with the delivery of cascading goals, multi-rater feedback, competency management and talent analytics, and interactive and configurable talent matrix (or “n-Box”) reports. These capabilities enable organizations to efficiently support a talent-driven, high-performance organization without the additional cost or complexity of bolt-on talent systems.

 

  • Workday Payroll. With this update, Workday introduces a partnership with OneSource VHR to provide payroll co-sourcing services, including payroll settlement, tax administration, and garnishments administration.

 

  • Workday Initiatives. Introduced late last year, Workday Initiatives can now track non-project work activities such as product research and development, marketing campaigns, grant programs, and even standard job functions. Users can track work efforts and costs by percentage of time or hours worked. Users can also link work to employee or organization goals, initiatives, and performance results. This helps organizations track the true cost of any type of work and make better choices about how to allocate their workforce and non-people resources.

 

  • Workday Financial Management and Spend Management. With continued focus on built-in governance and control, Workday 13 delivers expanded audit and control capabilities around spend processes. This update also includes multi-book, a foundation that allows users to produce both GAAP- and IFRS-based reports from a single system, as well as real-time cash management and forecasting.

 

  • Workday User Experience. Workday is always taking cues from consumer Web constructs in order to enhance its overall user experience. The current version of Workday provides several new features, including Workfeed, a real-time activity stream that provides personal notifications and enables users to respond to alerts, process requests, and tasks. Also added is the Workbench, an easy-to-use homepage for system administrators that provides intuitive access to administrative activities such as the configuration of business processes, security policies, and reports.

 

  • Workday Mobility. With this update, Workday releases Workday for iPad® in limited availability. Workday for iPad is a native application that will allow executives to easily browse organizations, view talent profiles, monitor their personal Workfeed, and gain insight into workforce and financial analytics. General availability is planned for Workday 14.

 

  • Workday Usage Insight. For the first time, Workday delivers Workday Insight, an opt-in feature that provides a report of key metrics that detail the depth and breadth of a customer’s application usage.

Comments on the News
“Workday embraces the cloud model, which means we innovate at the pace of the Web, not at the pace of the enterprise,” said Aneel Bhusri, Workday co-founder and CEO. “All features and functionality delivered as part of our regular updates are available to our customers at no additional cost. As of today, all live customers are running the newest — and only — version of Workday. We continue to be excited about the pace at which we can deliver innovation to our customers and by the overall momentum of cloud adoption in the enterprise.”

For more information on Workday, please visit www.workday.com
Matt Lafata, HRchitect

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MrTed Forges Partnership with Workday…from MrTed

April 27, 2010

 

Alliance Combines Leading SaaS Solutions for Talent Acquisition and Enterprise Business Services

HRchitect includes MrTed and SmartRecruiters in our list of top Talent Acquisition Systems vendors that businesses should consider. Jerome Ternynck, CEO of MrTed appeared on the HRchitect WebMingle on May 22, 2009. If you are looking for a new Talent Management System, or any HR system, talk to HRchitect first. We have unparalleled knowledge of the HR and Talent Management vendor community and can save you time and money in selection and implementation. Simply put, do not invest in any kind of HR technology without consulting with the experts first. HRchitect is here to help!

MrTed Ltd., the global leader of Talent Acquisition Solutions, today announced a partnership with Workday, the leader in enterprise-class SaaS-based Human Resources (HR) and financial solutions.  The companies are delivering a rich, pre-configured integration between MrTed’s talent acquisition solution and Workday’s global hr system-of-record.

Workday will provide a hosted and fully supported integration between Workday Human Capital Management and MrTed’s enterprise-class solution MrTed TalentLink. The integration combines Workday Position Management and MrTed’s talent acquisition solution, with a deep level of information exchange between the two applications.  This ‘cloud to cloud’ integration enables faster implementations and lets customers take advantage of each application’s unique, configurable features. 

“MrTed provides a world-class solution for customers seeking robust global talent acquisition capabilities in concert with their global Workday HR deployment,” said Mike Stankey, president and COO of Workday.  “We are extremely pleased to be partnered with MrTed. In addition to delivering significant value to our mutual customers, this integration demonstrates the richness and speed of connectivity that is becoming possible as more enterprise applications are delivered via SaaS and Cloud computing.”

 “Workday is delivering a new foundation for managing human resources in global enterprises,” said Jerome Ternynck, CEO and co-founder of MrTed. “MrTed and Workday are not only well aligned from a technology and products perspective, but we also share a focus on helping global customers achieve new levels of performance and productivity across their organizations.”

The new integration is available immediately for customers of Workday and MrTed.

For more information on MrTed, please visit www.mrted.com.
Matt Lafata, HRchitect

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Workday Delivers Talent Management within Unified HR System of Record…from Workday

March 23, 2010

 

Workday 10 Unites Human Capital Management and Talent Management in a Single System

Business Users Gain Access to Rich Analytics with the Ability to Take Immediate Action

If you are looking for a new Talent Acquisition System, Talent Management System, or any HR system, talk to HRchitect first. We have unparalleled knowledge of the HR and Talent Management vendor community and can save you time and money in selection and implementation. Simply put, do not invest in any kind of HR technology without consulting with the experts first. HRchitect is here to help!

Workday now provides global organizations a single system of record for both Talent Management and core Human Capital Management with the delivery of Workday 10, available immediately. More than 130 companies have selected Workday to manage their workforce, with more than 60 percent of customers choosing Workday’s capabilities for managing individual and business performance, often replacing or decommissioning existing Talent Management point solutions.

What’s New
Workday 10 is now generally available for all customers. New Workday Talent Management capabilities are available to current Workday HR customers as part of their core subscription. Workday 10 includes: 

  • Worker and Talent profiles, giving managers a comprehensive view of skills, performance, job history, compensation and other vital components of an individual’s working track record.
  • Goal alignment and linking, enabling top-down and bottom-up connections among organizational, individual and team objectives, as well as visual representation of progress.
  • Succession planning, allowing both managers and HR professionals to easily visualize the depth of organizational talent and the readiness of specific individuals to fill key positions.
  • Multiple jobs tracking, making it easy to accurately manage individuals whose roles cross organizational or operational boundaries. Workday shows depth of detail for each role and represents the individual in all appropriate organizations, while also providing HR professionals with a complete view of the person’s compensation, benefits, performance and other key information.
  • Integration with MrTed, a leading provider of enterprise class, global recruitment management solutions. Workday’s APIs have also been extended to facilitate connections to other recruitment systems.

Workday 10 provides self-service business insight for managers, allowing them to analyze their data from multiple perspectives and to take action based on what they learn. 

  • Custom analytics now allow managers and business analysts to create live, drillable charts and tables of important information for managing their day-to-day business. For example, a manager could track performance reviews in a given region across multiple dimensions, monitoring anything from completion rates to unusual trends in ratings based on jobs, organizations or even management level.
  • Custom charts can then be turned into Worklets – small, configurable windows on the individual’s own Workday page – and shared with other users, while always maintaining role-based data security.
  • Business process analytics enable managers and HR professionals to track the effectiveness of processes automated within Workday, giving them the ability to view key statistics such as time to complete a given process as well as overcome individual or organizational bottlenecks.

In addition, Workday 10 includes hundreds of new capabilities for employees, managers and HR professionals. Examples include: 

  • Retiree access, providing former employees ongoing access to a limited set of benefits and administrative information, as well as the ability to keep their personal data current.
  • Total compensation gives employees a complete view of all forms of compensation such as salary, bonus, one-time payments, equity and benefits.

For more information on Workday, please visit www.workday.com
Matt Lafata, HRchitect

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Workday Secures $75 Million in Funding Led by New Enterprise Associates…from Workday

April 29, 2009

 

Expands Management Team with Focus on Long Term Growth

 

HRchitect includes them in our list of top HRIS vendors that businesses should consider.

 

Workday, Inc., the leader in enterprise-class SaaS-based Human Resources (HR) and Financial solutions, today announced it has secured $75 million in Series E funding and has expanded the management team with the appointment of Clark Newby as vice president of marketing.

 

What’s New:
Workday secured $75 million in Series E funding led by New Enterprise Associates (NEA). Existing investors Greylock Partners and Workday CEO and co-founder Dave Duffield also participated in the round.

 

  • NEA is one of the industry’s most respected venture capital firms with investments in leading technology innovators such as Data Domain and WebEx.
  • With the investment, NEA General Partner Scott Sandell has joined the Workday board.
  • Workday plans to employ the funds to extend its product portfolio and support the company’s expansion.

 

Workday also named Clark Newby vice president of marketing, leading the company’s branding, marketing and corporate communications efforts worldwide.

 

Newby joins from Fortify Software, where he was vice president of marketing. Newby was previously vice president of marketing for data center software company PolyServe, where he drove strategic marketing and communications initiatives and led product marketing through the company’s 2007 acquisition by Hewlett-Packard. Newby also held marketing leadership roles at Mercury Interactive, Kintana and Silicon Graphics.

 

“Workday has established a strong leadership position in SaaS-based HR and Financials for the enterprise through rapid product development, technical excellence and an unwavering commitment to our customers,” said Dave Duffield, CEO and chief customer advocate of Workday. “Both Aneel and I are extremely proud of these accomplishments and of the entire Workday team. This investment reflects both those achievements and the tremendous market opportunity in front of us. We are pleased to welcome Scott Sandell to our board, as he brings with him outstanding experience growing companies such as Data Domain and WebEx into industry leadership positions. We are also excited to welcome Clark to the Workday management team. His experience and track record in rapidly growing companies extends the depth of our organization as we plan for growth in 2009 and the years ahead.”

 

“Workday has established a new category in SaaS solutions for the enterprise, and the company’s impressive customer base demonstrates the fast pace of this industry shift to on-demand for core applications such as HR and Financials,” said Scott Sandell, general partner at NEA. “This type of technology transition only comes around every 10-15 years, and NEA is pleased to support Workday’s expanding leadership with this investment. I’m personally looking forward to supporting Dave Duffield and Aneel Bhusri, two of the most capable and experienced leaders in enterprise software.”

 

“Workday has quickly established itself as the leader in SaaS-based business applications, based on a phenomenal track record of rapid product and technology innovation coupled closely with a commitment and a passion for customer success,” said Newby. “It is a privilege to join the Workday team as we are poised to drive this major technology shift to SaaS for core systems within the enterprise.”

 

For more information on Workday, please visit www.workday.com

Matt Lafata, HRchitect

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Workday HR and Financials: Now on iPhone…from Workday

March 21, 2009

 

New Mobile Architecture Delivers HR and Financial Business Processes to Smart Phones

 

HRchitect includes Workday in our list of top HRIS vendors that businesses should consider.

Workday, Inc., the leader in enterprise-class SaaS-based Human Resources (HR) and Financial solutions, today announced new mobile capabilities to bring HR and Financial business processes to smart phones. iPhone capabilities are available now, with BlackBerry support planned for later this year.

 

What’s New

Workday has delivered new mobile capabilities to all customers in its latest update, extending business processes to mobile devices:

 

– Users can now review, approve, deny and revise tasks from the Workday system and view the status of ongoing business processes. For more details visit http://www.workday.com/mobile

– Users can also search their company’s worker directory for names, images and contact information. This information can be used to call or email coworkers directly and view physical addresses on Google Maps.

– Workday mobile applications include password and role-based security with time-out and sign-out preferences to align with customers’ security requirements.

– Workday mobile solutions are included in the latest Workday update and all customers make the transition to our newest capabilities in March 2009.

 

Workday’s mobile solutions are built with a platform-independent core. As Workday continues to update its mobile capabilities, all devices will be able to take advantage of the same improvements, either through platform-specific client applications or mobile HTML.

 

iPhone is the first client application to be released.

 

Support for BlackBerry is planned for later in 2009.

 

This architecture will enable mobile devices to take advantage of Workday’s rapid delivery of enterprise functionality.

 

The new Workday for iPhone application will be available in March free of charge on the Apple App Store.

 

Comments on the News

“Today’s workers expect anywhere/anytime access to rich business applications, and mobile devices such as the iPhone finally deliver a platform for business applications that are a pleasure to use,” said Stan Swete, chief technology officer for Workday. “Workday’s new mobile capabilities leverage our modern architecture, so we can deliver applications and functionality quickly and seamlessly, across a broad range of mobile platforms, while maintaining the Workday user experience our customers expect.”

 

For more information on Workday, please visit www.workday.com

Matt Lafata, HRchitect

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Workday Delivers Pay for Performance and Worker Spend Management…from Workday

December 16, 2008

 

Manager- and Employee-Centered Applications to Build Performance and Optimize Workforce Spending

 

HRchitect includes Workday in our list of top Talent HRIS vendors that businesses should consider.

 

Workday, Inc., the leader in on-demand enterprise solutions for human resources and business management, today announced two major new capabilities: Pay for Performance and Worker Spend Management. The new services, included in Workday Update 6, continue to extend Workday’s global system-of-record for Human Capital Management (HCM), providing a master data repository for organizations’ people, compensation, worker costs and business results. The company also announced its U.S. Payroll solution is now generally available.

 

Workday Company Update

  • Workday continues to grow, with 68 customers spanning mid-sized businesses to the Fortune 500. Close to 40 are in production, and all Workday customers are using the latest update.
  • Workday now has more than 320 employees and recently opened a new headquarters facility in Pleasanton, Calif. to accommodate long-term growth.
  • A recent Gartner Survey showed Software-as-a-Service solutions continue to grow as an alternative to aging on-premise systems, with 9 out of 10 respondents indicating plans to maintain or grow their use of SaaS solutions. Key drivers cited included the lower total cost of ownership of SaaS and unmet performance expectations with on-premise solutions.

 

New in Workday Update 6

  • Workday continues to expand its HCM system-of-record to provide vital worker information to the business: who works here, what is the cost and what is the business impact?
    Specifically:

    • Providing a global system-of-record (master data repository) for organization, worker and compensation information,
    • Capturing and managing the spend on, by and for workers and
    • Linking business results and costs back to worker activity and performance.

 

Workday is delivering two new services with Update 6: Worker Spend Management and Pay for Performance. These capabilities support the day-to-day activities of the manager and employee, placing the focus on business results while effectively capturing the information required to support HR operational needs.

 

  • Worker Spend Management: Expenses, Procurement and Resource Management have historically been financial functions aimed at tracking and controlling enterprise spending. Tying spending activity and behavior to individual positions, people, workgroups, teams and business purpose has been impossible without expensive analytic solutions or manual spreadsheets. Workday’s system-of-record means spending activity is automatically tied to workers and can be linked to projects or activities via Worktags, so managers and business leaders have a complete view of total worker cost including both compensation and the resources used to get work done.
  • Pay for Performance: Traditional Talent Management offerings have evolved as add-ons to legacy HRMS systems, creating new silos of information and an incomplete view of worker performance. Workday ties performance reviews, team performance and company performance to compensation, providing managers with recommended targets based on a broad range of configurable variables and business results. Decision and assessment support includes target vs. actual reporting and actionable analytics, enabling organizations and managers to achieve true performance-based rewards.

 

Workday Payroll for the U.S. is generally available with Update 6. First customers will be going live on Payroll in January 2009.

 

  • Workday Payroll delivers complete payroll processing coupled with Workday’s Human Capital Management and Financial Management solutions. Built on an entirely new model, the system leverages a global calculation engine and payroll framework, allowing Workday to localize payroll for regions and countries without the expensive redevelopment efforts associated with traditional on-premise systems. Workday also delivers packaged integrations to outsourced payroll providers.

 

Also included in Workday’s Update 6 is a significant expansion of the Workday Benefits Network, a set of pre-packaged integrations with popular benefits carriers. The Benefits Network now includes connections to 49 providers, with plans for 21 more by the end of this month.

 

Workday is now translated for 4 countries. Localization of HR personal information for close to 50 countries will be available in Workday Update 7 in Q1 2009.

 

For more information on Workday, please visit www.workday.com

 
Matt Lafata, HRchitect

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