Company Positioned as a Leader Based on
Completeness of Vision and Ability to Execute
PLEASANTON, Calif., Dec. 8, 2023
/PRNewswire/ -- Workday (NASDAQ: WDAY), a leader in
enterprise cloud applications for finance and human resources,
today announced it has been named a Leader in the 2023 Gartner
Magic Quadrant for Financial Planning Software* for the second time
since the category's inception last year. A complimentary copy of
the report is available here.
As business continues to move at an accelerating pace,
organizations must plan more frequently using massive datasets and
create more scenarios to account for possible fluctuations. More
than 6,300 organizations across the globe, including Life Care
Services, Ryder System, Inc., Salesforce, Shutterstock, Wintrust,
and more use Workday Adaptive Planning to help drive more
confident, strategic decision-making faster than ever.
"We believe this recognition is an acknowledgement of our
innovation and unique blend of easy-to-use functionality with a
system that can handle large data volumes to meet complex modeling
requirements," said Dennis Yen,
general manager, Planning, Workday. "With Workday AI embedded into
the core of Workday Adaptive Planning, customers can surface real
time insights and make faster decisions to keep pace with the speed
of business."
With Workday Adaptive Planning, customers experience:
The Unique Combination of Powerful Performance at Scale and
Ease of Use
Powered by Elastic Hypercube Technology (EHT), Workday Adaptive
Planning efficiently calculates complex models by adding memory and
compute power as needed, resulting in dynamic, automatic scaling.
With this powerful modeling engine, Workday Adaptive Planning
supports the most complex, multi-dimensional models without
sacrificing speed.
Additionally, a user-friendly experience enables financial
planning and analysis (FP&A) teams to configure models on the
fly by adjusting dimensions, logic, and formulas as needed, without
learning how to program, build scripts, or call in technical
resources.
A Platform-Agnostic Solution that Works with Workday and
Non-Workday Data Sources
An out-of-the-box, built-in integration framework enables
customers to effectively integrate any third-party system of record
with Workday Adaptive Planning. These include enterprise resource
planning (ERP), customer relationship management (CRM) software,
marketing and HR systems, and data warehouses.
Workday was also recently named a Leader in the 2023
Gartner Magic Quadrant for Cloud ERP for Service-Centric
Enterprises as customers experience even more benefits in the form
of streamlined workflows and a common user experience when Workday
Adaptive Planning is connected to the Workday platform.
Workday AI for Data-Driven Insights and Faster, More Informed
Business Decisions
With Workday Adaptive Planning, customers can leverage powerful
AI technology without technical expertise as capabilities are
designed for ease-of-use. For example, the predictive forecaster
within Workday Adaptive Planning uses machine learning to
automatically create demand forecasts by quickly analyzing
historical and third-party datasets.
Further, a new generative AI capability previewed at Workday
Rising will enable users to use conversational text to navigate the
system, surface data quickly, uncover insights, and get recommended
actions based on those insights.
For More Information
- Download a complimentary copy of the report, 2023 Gartner Magic
Quadrant for Financial Planning Software.
- Read the blog, Workday Named a Leader in the 2023 Gartner Magic
Quadrant for Financial Planning Software for Second Year in a Row,
by Dennis Yen, general manager
Planning
- See a demo of Workday Adaptive Planning.
*Gartner Magic Quadrant for Financial Planning Software,
Regina Crowder, Matthew Mowrey, Vaughan D Archer, 5 December 2023
Gartner Disclaimer
Gartner does not endorse any
vendor, product or service depicted in its research publications,
and does not advise technology users to select only those vendors
with the highest ratings or other designation. Gartner research
publications consist of the opinions of Gartner's research
organization and should not be construed as statements of fact.
Gartner disclaims all warranties, expressed or implied, with
respect to this research, including any warranties of
merchantability or fitness for a particular purpose.
GARTNER is a registered trademark and service mark, and MAGIC
QUADRANT is a registered trademark of Gartner, Inc., and/or its
affiliates in the U.S. and internationally and are used herein with
permission. All rights reserved.
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.
© 2023 Workday, Inc. All rights reserved. Workday and the
Workday logo are registered trademarks of Workday, Inc. All other
brand and product names are trademarks or registered trademarks of
their respective holders.
Forward-Looking Statements
This press release contains
forward-looking statements including, among other things,
statements regarding Workday's plans, beliefs, and expectations.
These forward-looking statements are based only on currently
available information and Workday's current beliefs, expectations,
and assumptions. Because forward-looking statements relate to the
future, they are subject to inherent risks, uncertainties,
assumptions, and changes in circumstances that are difficult to
predict and many of which are outside of 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 Workday's filings with the Securities and
Exchange Commission ("SEC"), including Workday's Form 10-Q for the
fiscal quarter ended October 31,
2023, and other reports that we have filed and will 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.
Any unreleased services, features, or functions referenced in
this document, Workday's website, or other press releases or public
statements that are not currently available are subject to change
at Workday's discretion and may not be delivered as planned or at
all. Customers who purchase Workday services should make their
purchase decisions based upon services, features, and functions
that are currently available.
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SOURCE Workday Inc.