Video: Workday vs Zenefits
Last updated: June 11, 2018
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
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Face to face in the news:
2017 - Workday acquired CRM startup Pattern to take on Zenefits
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 Zenefits. 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 - Zenefits launched own payroll platform to keep up competition with Workday
Cloud-based HR service Zenefits has launched its own payroll system (after paycheck services giant ADP cut the company off earlier this year). Zenefits also partnered with another service - ZenPayroll, but it switched its moniker to Gusto in September and rolled out a bunch of free HR services that looked very similar to Zenefits. The new Zenefits payroll system runs in two modes. One is free, fully automated service integrating automatic payments with any updates and changes to employee deductions for health, retirement, and other benefits. There’s also a pro mode for those who like to tinker a bit on the backend. Zenefits Payroll Pro starts at $25 per month, plus $4 per employee per month on an annual contract. The new system will also integrate with Quickbooks and Xero.
2014 - Cloud HR service Zenefits adds grant management to keep up with Workday
Zenefits, the cloud-based HR management service is building stock options directly into its HR platform and supporting a number of time- and cost-saving features related to their management. With the new feature, clients will be able to keep track of the grants they give out, as well as the vesting schedule for all employees in the company. Meanwhile, their employees will be able to monitor their own vesting schedules and exercise stock options in real-time. With stock options, Zenefits is seeking to solve a problem that a number of startups are faced with. Up until now, tracking option grants and vesting schedules has mostly been a manual process — and one that only gets more difficult as companies scale up over time.