ERP Solutions are designed to streamline and centralize vital data across every department of Organization. By integrating marketing operations, HR, Finance, Data analytics and more into a singular powerful ERP solution, organization will achieve automated workflow that are smooth seamless and insightful.
Our consultants have expertise in leading ERPs like Peoplesoft, Oracle HCM, Workday, etc.., and have seen the benefits of each of these products. While we cannot conclude on which is the best, apparently because there is no one-size-fits-all product in the market, we can only argue the merits of using one over another.
In this blog, let us see how Workday, the cloud-based ERP fares better than others.
While choosing an ERP, following are the major factors which are to be considered:
- Fit for purpose
- Data Integration
- Data analytics
Fit for purpose
Workday combines finance, HR, and analytics into a single system and provides single-architecture, cloud-based enterprise application. Workday’s look and feel is contemporary, and it is just like how we use Facebook and Netflix. There is no navigation menu– you can search for anything like you do in Google and the results are populated. This way, it is designed for users to be able to do what they need to do from the first time they log on. The security configurations in Workday controls the information flow within the organization.
Mobility is an important business requirement. Many organizations are moving to Cloud for the obvious reasons such as lower cost, scalability, access through computing powers, and more agile environment, ultimately leads to an easier deployment and maintenance of ERP solution. Workday is 100% cloud based and can be accessed anytime, anywhere on your desktop, laptop, smartphone or tablet. Since it is cloud based, it does not have version control issues, or the need for constant upgrades.
Workday builds each of its applications and services on the principle that they must connect to other business systems to be useful to the customers. The Workday Integration Cloud is an integration-platform-as-a-service (iPaaS) that provides a complete range of services such as Enterprise Interface Builder (EIB), Workday Integration Cloud Connect(Core Connectors) and Workday Studio, to connect to any application. The platform eliminates the need for on-premises integration support. Everything you need is available in Workday’s data centers, and you manage it using the Workday UI.
ERP should be implemented in a way that enables your business with advanced data collection analysis and presentation tools to uncover trends and opportunities in your organizations. Workday is designed to be friendly for a functional user. It allows user to take required actions on report output from Report UI, so that user can access real time data. Workday provides plenty of delivered standard reports that fulfills the major requirements. Various types of report using inbuilt report writing tool, Report Writer can be created, and these reports can be embedded in business process transactions to provide relevant data for decision-making and used in outbound integrations.
These are some of the key differentiators that we see in Workday as compared to other products in the market. Workday works best if the organization has many heterogeneous systems for HR modules. With thoughtful architecture, all of these can be combined into a single unit to run operations smoothly. Being on Cloud,customer will not have to worry about maintenance of infrastructure and managing application releases. This significantly increases efficiency across the organization by improving HR and Payroll compliance, reduces risk and aids in better decision making.
Have questions on how you can decide the ERP that suits you? Or do you think Workday can do wonders for your organization? Contact us.