Workday named leader in 2024 Gartner Magic Quadrant

Workday has been recognised as a Leader in the 2024 Gartner Magic Quadrant for Cloud ERP for Service-Centric Enterprises.

It is the third consecutive year Workday has been given the title.

The company provides solutions that aid organisations in managing their resources, particularly focusing on people and finance. Their platform is utilised by over 10,500 customers globally, including notable firms such as Cushman & Wakefield, Drury Hotels, Franklin Templeton, and RaceTrac, among others. These organisations leverage Workday to enhance business agility and adapt to the evolving nature of work.

Terrance Wampler, Group General Manager, Office of the CFO at Workday, stated, "Workday's AI-powered solutions drive efficiency, productivity, and cost savings by unifying people and financial data for actionable insights and accelerated growth.

"We believe this recognition affirms our commitment to delivering continuous innovation that empowers our customers to propel their businesses forward and enhance profitability," Wampler said.

Workday combines finance, workforce, and operational data within a single system to provide timely and accurate insights. These insights aid in achieving business scaling and transformation goals, allowing organisations a more nuanced understanding of workforce costs and profitability.

Service-centric organisations use Workday Human Capital Management, Workday Financial Management, and Workday Spend Management to eliminate inefficiencies and manual tasks in various processes including payroll and reporting. This integration enables effective collaboration with external systems, ensuring a reliable source of truth for finance and HR data across industry-specific systems.

Workday's functionalities allow businesses to predict financial outcomes accurately, fostering faster and more precise analysis and decision-making processes.

Customer satisfaction is reportedly high, as reflected in Gartner Peer Insights reviews. One senior engineer in the software industry noted, "An enterprise cloud platform tailored for your modern business requirements. The product provides an excellent array of features effectively streamlining operational processes across various units of organisation such as HR management, financial operations, and procurement."

Another positive review came from a controller in the banking industry, stating, "Implementation allowed us to simplify and standardise our accounting operations, provide transparency and insights to support data-driven decision making, and promote self-service reporting."

The Vice President of Finance, Planning and Op in the energy and utilities sector shared, "Workday has always exceeded our expectations in terms of the time and effort they are willing to put into our success as a Workday customer. We don't view Workday as just our Financial system, we view them as a partner that has our best interest in mind."