ADP vs Workday
Last updated: January 28, 2021
Fast, easy, and designed specifically for small businesses. From payroll and tax filing to HR, time tracking, and more, ADP helps Small Business succeed. Running a small business is 24/7 job. That’s why we make it easier with simple, reliable small business payroll and expert HR management services to help you make better, more informed decisions about your business.
Workday is a leading provider of enterprise cloud applications for human resources and finance. Workday delivers human capital management, financial management, and analytics applications designed for the world’s largest organisations. Hundreds of companies, ranging from medium-sized businesses to Fortune 50 enterprises, have selected Workday.
ADP vs Workday in our news:
2021. Workday nabs employee feedback platform Peakon for $700M
Workday is acquiring employee feedback platform Peakon for $700M. Managers of large organizations know that the bigger and more spread out your firm becomes, the more challenging it is to understand what’s happening across the company. The company uses weekly surveys to ask specific questions about the organization. For them it’s all about getting good data, and so far customers have used the platform to ask over 153 million questions since inception six years ago.
2019. Workday to acquire online procurement platform Scout RFP for $540M
Workday has entered into an agreement to acquire online procurement platform Scout RFP for $540 million. The acquisition builds on top of Workday’s existing procurement solutions, Workday Procurement and Workday Inventory. The company is trying to be the end-to-end cloud back office player and one of their big gaps has been in procurement. A lot of the Workday investments are in portfolio companies that are complimentary to Workday’s larger vision of the future of Cloud ERP. Today’s definition of ERP includes finance, HCM (human capital management), projects, procurement, supply chain and asset management
2018. Workday acquired financial modelling startup Adaptive Insights
Cloud-based HRM service Workday is buying Adaptive Insights, a provider of cloud-based business planning and financial modeling tools, for $1.55 billion. For Workday it's an attempt to become the go-to place for all for back-office services for its business customers: the company plans to integrate Adaptive Insights’ tools into its existing platform. Adaptive Insights has thousands of customers, and its growth mirrors that both of cloud services and specifically about how business intelligence has developed into a distinct software category of its own over the years, with not just the CFO but an army of in-house analysts relying on analytics of a business’ data to help make small and big decisions.
2018. Workday acquired AI-HR-startup Rallyteam
Workday acquired Rallyteam, startup that helps companies keep talented employees by matching them with more challenging opportunities in-house. Workday wants to take the Rallyteam team and incorporate it into the company’s engineering unit to beef up its machine learning efforts, while taking advantage of the expertise it has built up over the years connecting employees with interesting internal projects. Workday provides a SaaS platform for human resources and finance, so the Rallyteam approach fits nicely within the scope of the Workday business.
2018. ADP acquired workforce management service WorkMarket
Payroll provider ADP acquired WorkMarket, a startup that specializes in workforce management software that operates across a wide range of employees and contractors. The software aims to create a kind of unified interface for managing an extended workforce that can include a variety of workers with different employment status, from contractors and freelancers to full-time employees. WorkMarket includes payment systems, management for extended employee networks, as well as a marketplace for piecing together a workforce that can fill the gaps for a company that’s looking to operate outside of the traditional range that full-time employees might operate. For ADP, it would seem to give the company that traditionally specializes in payroll another tool to convince enterprises to use it as part of a larger system of workforce products.
2017. Workday acquired CRM startup Pattern
Financial management and HR software vendor Workday acquired two-year-old, Redwood City, Calif.- based startup Pattern. Thus Workday is going to compete with Salesforce and other alternatives. Pattern had aimed to lighten the load of managing customer relationships for salespeople and was funded by Felicis Ventures, SoftTech VC, First Round Capital, and various angel investors, who last year provided the company with $2.5 million in seed funding. Some of Workday’s past acquisitions include big data analytics vendor Platfora, acquired last year, and the online learning company Zaption, which Workday also acquired last year and promptly shut down. Terms for both deals were not disclosed.
2015. Workday is going to fund machine learning startups
Workday, the finance and human resources SaaS software provider, announced a new program called Workday Ventures, an investment arm focusing on startups with a machine learning bent. It intends to fund 10-12 companies this year and it has already funded several companies including Thinair, a security service; Unbabel, an online translation tool; Metanautix, a company creating tools to make sense of big data and Jobr, a mobile tool for searching and applying for jobs. As early stage startups with an emphasis on machine learning, these are the types of companies Workday is hoping to work with. Unlike a typical venture capital firm, Workday isn’t setting up a fund with a specific amount of money looking for a set return on its investments. Instead, it sees this as a strategic, rather than a financially motivated project.
2015. Payroll giant ADP cut off Zenefits small business clients
Corporate payroll company ADP cut off Zenefits small business clients using the ADP RUN payroll system from sharing data with Zenefits, because Zenefits was, “pulling sensitive information, including unmasked Social Security numbers and employee banking information, in a manner that did not comply with ADP’s standards for data security.” Zenefits called out ADP for being unfair and said that this action came without warning to its clients. Zenefits offers HR services to small and medium businesses and works with several third-party partners to provide things like payroll and insurance. ADP is one of many companies Zenefits integrates with to provide payroll processing for these businesses.
2014. Workday acquires HR predictive analytics company Identified
Online ERP and HRM giant Workday has acquired Identified, a company that offered predictive analytics human resources software. Workday says that the company’s “product development team is expected to enhance search capabilities and accelerate the delivery of predictive analytics and machine learning throughout Workday’s suite of applications.” Identified provides professional job search engine and analytics-based recruiting software. Part of its secret sauce was its patent-pending, artificial intelligence technology called “SYMAN,” which aims to organize the masses of disparate, incoherent professional data that lives in social media profiles in order to identify new insights into the job market.