Leadership Position Based on Market Impact and
Vision, and Capabilities
PLEASANTON, Calif., May 22, 2024
/PRNewswire/ -- Workday, Inc. (NASDAQ: WDAY), a leading
provider of solutions to help organizations manage their people and
money, today announced that Workday VNDLY was named a Leader and
Star Performer in Everest Group's Vendor Management Systems (VMS)
PEAK Matrix® Assessment 2024. This is the fourth consecutive year
that Workday VNDLY has been recognized as a Leader, and the
third year it was named both a Leader and a Star Performer. A
complimentary copy of the report is available here.
Workday VNDLY helps organizations plan, source, and optimize
critical external skills to run the business. With Workday VNDLY,
organizations access what they need for end-to-end contingent labor
and statement of work (SOW) management – offering key capabilities
from intuitive configurability, robust invoicing, comprehensive
reporting, integration capabilities to connect the technology
ecosystem, and more. With seamless connectivity between Workday
VNDLY and Workday Human Capital Management (HCM), companies can
adopt a total talent strategy by gaining visibility into their full
labor costs to inform workforce and spend-related decisions.
"Workday VNDLY stands out against its peers with its deeper
connectivity with Workday HCM, enhanced service procurement
functionalities, reporting and analytics, and decision wizard
capabilities," says Krishna Charan,
vice president, Everest Group. "These factors have contributed to
its continued traction and its positioning as a Leader and Star
Performer in Everest Group's Global VMS PEAK Matrix 2024."
With Workday VNDLY, customers can:
- Combine Workday VNDLY and Workday HCM for total workforce
visibility to accelerate strategic decision-making.
- Save time, effort, and cost with consolidated invoicing,
streamlined approval processes, SOW payments, simplified time and
expense entry, and more.
- Configure the VMS to meet their unique business requirements
while supporting program owners with local compliance rules
associated with managing external labor.
"The definition of 'workforce' is evolving, with many
organizations becoming more reliant on contingent labor, SOW
arrangements, and specialized vendors to get work done," said
Mariana Santiago, general manager,
Workday VNDLY. "As a strategic part of our total talent and
workforce management offering, Workday VNDLY is helping to
transform contingent labor programs through configurability, an
intuitive interface, and our focus on innovation."
For More Information
- Download a complimentary copy of the report here.
- Read the blog here.
- See the demonstration of Workday VNDLY here.
About Workday
Workday is a leading enterprise platform
that helps organizations manage their most important assets –
their people and money. The Workday platform is built
with AI at the core to help customers elevate people, supercharge
work, and move their business forever forward. 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.
© 2024 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 our 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 our 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 our filings with the Securities and Exchange
Commission ("SEC"), including our most recent report on Form 10-Q
or Form 10-K 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, except as required by law. Any
unreleased services, features, or functions referenced in this
document, our 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.