Personio vs Workday

Last updated: January 28, 2021

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Personio
Personio is an innovative SaaS solution that combines the vast number of HR support features in one unique tool. With Personio, you can manage documents, attendance data, absences, and salaries consistently; a complete recruiting option including onboarding and offboarding processes is available, too.
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Workday
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.
Personio 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.


2021. Personio raises $125M for an HR platform for SME



Personio, the German startup that targets small- and medium-sized businesses with an all-in-one HR platform covering recruiting and onboarding, payroll, absence tracking and other major HR functions — has picked up $125 million in funding at a $1.7 billion post-money valuation. It's building the product — which operates a little like Workday, but built for much smaller organizations. Personio currently counts some 3,000 SMEs in Europe as customers. Personio is not the only startup hopeful that the shift in how we work will bring a new appreciation (and appetite) for purchasing HR tools. Others like Hibob have also seen a big boost in their business and have also been raising money to tap into the opportunity more aggressively.


2020. Personio, the HR platform for SMEs, raises $75M



Personio, the Germany-founded HR platform for SMEs, has raised $75 million in Series C funding. Combining human resources, recruiting and payroll into a single platform, Personio bills itself as an “HR operating system” for small and medium-sized companies (SMEs) ranging from 10 to 2,000 employees. The cloud-based software is designed to power all of a company’s people processes via the product’s own growing functionality or through its ability to integrate with third-party software. To that end, Personio says its customer base has tripled in the past 12 months, and says it now serves almost 2,000 customers in more than 40 countries.


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.


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.


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.