Workday Unveils Latest Updates in Workday 19

  • Written By: Ted Rohm
  • Published On: April 2013



workday-logo.gifWorkday, Inc., a leading provider of cloud applications for human resources (HR) and finance, unwrapped its latest update, Workday 19. In total, Workday 19 includes more than 170 new features, with approximately 70 coming from the Workday Brainstorm forum. Each Workday upgrade adds more capabilities, and Workday 19 is no different. The Workday press release doesn’t do justice to these new features, but I attended Workday’s analyst briefing and will give more insight into the new features.

Highlights of the Workday 19 release include the following:

  • Extending customer tailoring of the system with custom fields and label

  • New, easily accessible functionality for managing a broad range of intangible assets

  • Enhanced support for complex financial processes and further enhancements to analytics leveraging “Worktags”

  • Continuing the Workday mobile first philosophy with the availability of the Workday Android app


The customer’s ability to add custom fields and labels within the system is the next step in the evolution of user extensibility. As Stan Swete, Workday’s chief technology officer, points out, Workday’s approach has been, from the beginning, to make it possible for customers to configure and extend Workday to meet their specific needs. Workday’s new label extensibility features make it possible for its users to easily change the label of a system attribute from something like “employee” to “team member.” These label changes are immediately visible across the entire application. This makes it easy for a company to impress its own corporate culture and brand across the application.

To support the growing importance of intangible assets, Workday 19 has number of capabilities to help companies manage these unique properties. Intangible assets can include digital media rights in media and entertainment, copyrights in publishing, and patents and trademarks. An intangible asset is easily set up within the system and then the full life-cycle accounting of these assets is managed from contract through to amortization.

In financial management, Workday 19 includes some 20 major and 20 minor enhancements. Prepaid expense management and a shared services model are highly complex financial processes that have been fully automated. Prepaid expense management can be tied to intangible assets. And the new shared services model makes it easier for a company to manage shared services across companies or legal entities.

In the analytics area, Workday continues to invest heavily to expose the information in the system. The analytics areas are improved and enhanced for the browser, iPad, and other mobile platforms. The expenses dashboard on an iPad is shown here.

workday-ipad-analytics-screen.png

The Android app in Workday 19 allows users to easily perform routine tasks such as requesting time off or viewing paystubs from the convenience of their Android device. This is in addition to existing iPhone app support. Unlike other software vendor apps, Workday’s Android and iPhone apps are available to Workday customers at no additional cost.

There are other enhancements to this, what is now the 19th release of the Workday application suite. From what I’ve seen, the company continues to deliver on its promise of a truly different HR and financials solution from the ground up.
 
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