WDAY - Workday - Stock Forecast

Overview

Workday, Inc. generates revenue by providing enterprise cloud applications to businesses and organizations in various industries in the United States and internationally.

The company’s primary revenue channels are:

The financial management applications

Provide a suite of tools that enable chief financial officers to maintain accounting information, manage financial processes, and identify real-time financial, operational, and management insights. These applications can enhance financial consolidation, reduce time-to-close, promote internal control and auditability, and achieve consistency across finance operations.

The spend management solutions

Help organizations streamline supplier selection and contracts, manage indirect spend, and build and execute sourcing events such as requests for proposals. This suite of tools can help businesses manage their expenses and optimize their procurement processes.

The human capital management suite

Provides a suite of applications that allows organizations to manage the entire employee lifecycle from recruitment to retirement. This suite of tools can help HR teams hire, onboard, pay, develop, reskill, and provide employee experiences.

Workday’s planning applications

Allow businesses to plan, execute, and analyze their operations, and extend to other applications and environments. This suite of tools can help organizations with budgeting, forecasting, and scenario planning to drive better business decisions.

Workday’s analytics and reporting applications

Offer augmented analytics to surface insights to the line of business in simple-to-understand stories, machine learning to drive efficiency and automation, and benchmarks to compare performance against other companies. This suite of tools can help organizations monitor performance, identify trends, and make data-driven decisions.

History

Workday, Inc. was incorporated in 2005 and is headquartered in Pleasanton, California. The company was originally founded as North Tahoe Power Tools, Inc. in 2005, but changed its name to Workday, Inc. in July of the same year.