Workday Inc Stock Price, News & Analysis

Groundswell and Workday have announced the successful implementation of Workday Government Cloud for a prominent U.S. federal agency. This marks a key milestone in the agency's efforts to modernize its human resources systems, replacing an outdated on-premises database. Thousands of staff members will now have access to cloud-based solutions, enabling decentralized decision-making and efficient management. The project underscores Groundswell's capabilities in ERP transformation and follows their recent success with the Defense Intelligence Agency. Workday aims to support the federal push towards modern and agile ERP systems.

Workday (NASDAQ: WDAY) has announced the election of Michael Speiser to its Board of Directors. Speiser, a seasoned technology leader and venture capitalist, brings over three decades of experience. He has a proven track record of building high-growth companies and developing industry-leading AI products. Speiser's appointment signals Workday's commitment to AI innovation and global expansion. He is currently a managing director at Sutter Hill Ventures and has held leadership roles at Snowflake, Augment, Observe, Pure Storage, and Yahoo! Workday's leadership views his election as pivotal for the company's next growth phase.

Experian has secured Workday Certified Integration for its Work Opportunity Tax Credit (WOTC) solution. This integration allows Workday Human Capital Management (HCM) users to access Experian’s real-time WOTC eligibility determination. The solution simplifies the screening process, aiming to enhance the candidate experience and reduce abandonment rates. Annually, Experian conducts over 14 million WOTC screenings, securing over $1 billion in tax credits for employers. The integration marks Experian's third collaboration with Workday, following previous integrations for Tax Withholding and ACA Reporting.

SkillStorm announced a new partnership with Workday (NASDAQ: WDAY) to offer Workday-certified technical consultants. This collaboration aims to enhance productivity by providing purpose-built teams for Workday customers in both federal and commercial sectors. SkillStorm will leverage its Techforce by Design model to create scalable tech teams with expertise in Workday Financial Management and Human Capital Management (HCM). These teams are specialized to meet the specific needs of federal markets, including clearance requirements, thereby accelerating deployment and generating significant value for partners and end customers.

Lightcast has achieved Workday Certified Integration status, enabling seamless integration between Lightcast Talent Transform and Workday Human Capital Management (HCM) and Skills Cloud.

This integration enhances job profiles with Lightcast labor market data, providing insights into competitive hiring trends through detailed taxonomies of 1,900 occupations, 75,000 job titles, and 33,000 skills. Joint customers can leverage these insights to optimize skills-based hiring and talent management strategies.

Bridgestone, an early adopter, has improved career pathways and talent strategy for its 130,000 employees across 150 countries using these insights. Lightcast CEO Chris Kibarian highlighted this milestone as pivotal in helping organizations realize actionable skills-based talent strategies.

Workday, a leading provider of financial and human capital management solutions, announced that Clemson University has selected Workday Financial Management, Workday Human Capital Management (HCM), and Workday Strategic Sourcing to support its digital transformation and strategic plan, Clemson Elevate. This partnership aims to streamline finance and HR operations, enhance self-service capabilities, and unify operational data for over 28,700 students and hundreds of faculty and staff. The collaboration is expected to modernize Clemson's decades-old ERP system with a modern, cloud-based platform.

Workday unveiled 'Built on Workday' at the Workday DevCon 2024, a new program designed to help partners create, manage, and distribute finance and HCM apps within the Workday ecosystem. The initiative aims to enable partners to boost revenue without proportional cost increases by building apps once and distributing them widely. This program will enhance the Workday Marketplace, offering tailored solutions for diverse industries like financial services, healthcare, and retail. Early adopter partners can start using the program this month, with wider availability expected in late 2024. This move aligns with Workday's strategy to foster innovation and value for its customers and partners.

Workday, a leading provider of enterprise solutions, announced new AI capabilities at its annual developer conference, Workday DevCon 2024. Key innovations include updates to the Workday Extend platform and the launch of the Workday AI Marketplace. These advancements aim to simplify intelligent app development and provide customers with centralized access to trusted AI solutions. Notable AI services introduced include Intelligent Answers, HCM Recommender, and Data Query. The conference has seen significant growth, with attendance over 1,200 and the developer ecosystem expanding by more than 50% since last year. These updates are expected to enhance business efficiency and unlock greater value for Workday customers.

Google Cloud and Workday have announced an expanded partnership aimed at enhancing app development through generative AI. Workday will incorporate Google's Gemini models and Vertex AI into its Extend platform, allowing developers to leverage AI for code generation, troubleshooting, and natural language processing. This will enable quicker and more efficient app deployment, optimizing business performance and generating better insights. Additionally, Workday solutions are now available on Google Cloud Marketplace, simplifying the purchasing and deployment process for customers. This collaboration aims to expedite transaction processes and provide sophisticated AI tools to thousands of developers.