Workday and Insperity Announce Exclusive Strategic Partnership to Provide Best in Class HR Service and Technology to Small and Midsize Businesses
08 Febrero 2024 - 6:55AM
Business Wire
Partnership to Produce Industry-First HR
Solution to Help Customers Accelerate Business Growth
Workday, Inc. (NASDAQ: WDAY), a leader in enterprise cloud
applications for finance and human resources, and Insperity, Inc.
(NYSE: NSP), a leading provider of human resources and business
performance solutions, today announced an exclusive strategic
partnership and plans to jointly develop, brand, market, and sell a
preeminent full service HR solution for small and midsize
businesses. The combination of Workday’s best in class technology
platform and Insperity’s unmatched service experience will yield an
industry-first solution to increase the likelihood, degree, and
speed of success for growing companies.
Through this strategic partnership and joint offering, customers
will have the benefit of Insperity’s Workforce Optimization premium
service experience, which includes dedicated HR specialists,
payroll and benefits, risk management, and compliance support,
along with Workday Human Capital Management (HCM). This will enable
businesses to seamlessly manage their entire employee lifecycle,
from hire to retire, and optimize their talent management, payroll,
benefits, and compliance in a unified, cloud-based system.
“This strategic partnership is a game-changer for our industry.
With Workday’s leading cloud technology and Insperity’s proven HR
service, we will be able to offer our clients the best of both
worlds,” said Paul J. Sarvadi, chairman and chief executive officer
of Insperity. “We’re excited about the potential this brings to
accelerate Insperity’s long-term trajectory for growth,
profitability, and value creation.”
Insperity and Workday bring a combined deep understanding of
business challenges and the complexities of a rapidly changing
environment. This strategic partnership will help high growth
businesses gain a competitive edge by making full-service HR
solutions more affordable, easier and faster to implement, less
complex, and more agile as companies grow.
“Customer service is a core value at Workday, and this strategic
partnership will enable us to extend the power of the Workday
platform and Insperity’s service excellence to more companies,”
said Carl Eschenbach, CEO, Workday. “This partnership will make it
possible for smaller companies to realize the power and value of
the Workday platform earlier in their growth journeys, better
setting them up for long-term success.”
Details on pricing and availability to follow in the coming
months.
About Workday
Workday is a leading provider of enterprise cloud applications
for finance and human resources, helping customers adapt and thrive
in a changing world. Workday applications for financial management,
human resources, planning, spend management, and analytics are
built with artificial intelligence and machine learning at the core
to help organizations around the world embrace the future of work.
Workday is used by more than 10,000 organizations around the world
and across industries – from medium-sized businesses to more than
50% of the Fortune 500. For more information about Workday, visit
workday.com.
About Insperity
Since 1986, Insperity’s mission has been to help businesses
succeed so communities prosper. Offering the most comprehensive
suite of scalable HR solutions available in the marketplace,
Insperity is defined by an unrivaled breadth and depth of services
and level of care. Through an optimal blend of premium HR service
and technology, Insperity delivers the administrative relief,
reduced liabilities and better benefit solutions that businesses
need for sustained growth. With 2023 revenues of $6.5 billion and
more than 90 offices throughout the U.S., Insperity is currently
making a difference in thousands of businesses and communities
nationwide. For more information, visit
http://www.insperity.com.
Forward-Looking Statements
This press release contains forward-looking statements
including, among other things, statements regarding Insperity’s or
Workday's plans, beliefs, and expectations. These forward-looking
statements are based only on currently available information and
Insperity’s or Workday's current beliefs, expectations, and
assumptions. Because forward-looking statements relate to the
future, such as to plans, strategies, projected or anticipated
benefits, or other future events, they are subject to inherent
risks, uncertainties, assumptions, and changes in circumstances
that are difficult to predict and many of which are outside of
Insperity’s or Workday's 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 Insperity’s and
Workday's filings with the Securities and Exchange Commission, such
as each company’s respective Quarterly Reports on Form 10-Q and
Annual Reports on Form 10-K, any of which could cause actual
results to vary from expectations. Neither Insperity nor Workday
assumes any 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20240208765978/en/
Investor Relations Contact: Douglas S. Sharp Executive
Vice President of Finance, Chief Financial Officer and Treasurer
281-348-3232 Investor.Relations@Insperity.com
News Media Contact: Cynthia Murga Director, Public
Relations 713-324-1414 Media@insperity.com
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