FinancialForce vs Workday
Last updated: June 11, 2018
FinancialForce cloud ERP is a comprehensive and innovative financial management system that takes a fresh approach to a traditional business function. This online accounting application combines the power of the Force.com cloud with a groundbreaking accounting system design. FinancialForce Accounting is native to Salesforce CRM.
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. Workday SaaS alternatives are Microsoft Dynamics 365, Salesforce, NetSuite
Face to face in the news:
2018 - Workday acquired financial modelling startup Adaptive Insights to win over FinancialForce
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. So Workday now provides better analytics in comparison to FinancialForce
2014 - Workday acquires HR predictive analytics company Identified to challenge FinancialForce
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.