SAP ERP vs Workday
Last updated: January 28, 2021
SAP’s intelligent ERP solutions are the Digital Core that enable businesses to integrate end-to-end cross functional next generation business processes so that companies can become intelligent. SAP's cloud ERP solutions use intelligent technologies to help you grow, innovate, and optimize time and resources – no matter the size of 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.
SAP ERP 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. SAP is buying Berlin business process automation startup Signavio
SAP has aquired business process automation startup Signavio for about $1.2 billion. While traditional enterprise BPA tools have existed for years, having a cloud-native tool gives SAP a much more modern approach to attacking this problem, and being able to automate business processes via the cloud has become more important during the pandemic when many employees are working entirely from home. SAP also sees Signavio as a key missing piece in the company’s business process intelligence unit.
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.
2012. SAP became NetSuite's customer. Business ByDesign will be closed
Most of all NetSuite loves trolling its rival - SAP. From time to time they organize anti-SAP conferences, marketing campaign a la Business ByNetsuite and produce videos like that one above. And they haven't missed the opportunity to joke on SAP at this time. At the opening of the conference SuiteWorld, Zach Nelson (CEO of NetSuite) took the stage and announced that in the past year the company has achieved their biggest ever win: ERP-giant SAP has become NetSuite's customer. The audience was shocked, and then Zach explained.
2011. SAP embracing Amazon and Microsoft clouds
SAP is the most slow IT giant in terms of transition to the cloud technologies. Nevertheless, it's the world's largest software company and any of its steps to the Cloud serves as an indicator for all large corporations: "if even SAP released a SaaS-solution, then SaaS-solutions can indeed be trusted" or "if even SAP offers a version for Amazon Web Services, than this platform is really enterprise-ready". This week at the SAPPhire conference, the company reported on its cloud transition steps. First of all, the SaaS ERP-service SAP Business ByDesign is already used by 500 with a target of having 1000 signed up by the end of the year. Second, SAP has announced that it's "launching" the SaaS CRM-service SAP Sales OnDemand, which will be followed by a travel management cloud service and an on-demand suite for talent management. And third, SAP has started to adapt its existing systems for the Amazon and Microsoft cloud platforms.