{"id":471762,"date":"2021-04-06T09:03:34","date_gmt":"2021-04-06T13:03:34","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=471762"},"modified":"2021-04-06T09:03:34","modified_gmt":"2021-04-06T13:03:34","slug":"workday-accelerates-customer-time-to-value-with-new-workday-extend-capabilities","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/workday-accelerates-customer-time-to-value-with-new-workday-extend-capabilities\/","title":{"rendered":"Workday Accelerates Customer Time-to-Value With New Workday Extend Capabilities"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"center\">\n        <em>New App Development Tools and Features Help Businesses Innovate Faster, Increase Organizational Agility, and Drive More Value From Their Existing Workday Investment<\/em><br \/>\n        \n      <\/p>\n<p align=\"center\">\n        <em>Innovative Orchestration, Data, and Logic Capabilities Empower App Developers and IT to Build Net-New Apps Leveraging Workday Data to Meet Their Unique Needs\u00a0<\/em>\n      <\/p>\n<p>PLEASANTON, Calif., April  06, 2021  (GLOBE NEWSWIRE) &#8212; <u><a href=\"https:\/\/www.workday.com\/\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">Workday Inc.<\/a><\/u>\u00a0(NASDAQ: WDAY), a leader in enterprise cloud applications for <a href=\"https:\/\/www.workday.com\/en-us\/products\/financial-management\/overview.html\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>finance<\/u><\/a> and <a href=\"https:\/\/www.workday.com\/en-us\/products\/human-capital-management\/overview.html\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>human resources<\/u><\/a>, today announced new capabilities in <a href=\"https:\/\/www.workday.com\/en-us\/products\/platform-product-extensions\/overview.html\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>Workday Extend<\/u><\/a>\u2014a solution that helps customers and partners seamlessly extend beyond core Workday applications to meet their unique business needs. New orchestration, data, and logic capabilities within Workday Extend will help organizations advance their digital acceleration efforts and unlock new business value, improve employee engagement, and increase organizational agility.<\/p>\n<p>\n        <strong>Increase Organizational Agility With Deep Extensibility<\/strong><br \/>\n        <br \/>Organizational speed is a must-have, requiring businesses to move with agility and quickly adapt to change. Every company has its own unique digital processes and transactions, yet today many organizations are forced to move finance and HR data outside of the core system to connect these processes and integrate with third-party systems, adding complexity, cost, and risk. \u00a0<\/p>\n<p>Workday Extend empowers the Workday customer community\u2014representing over 50 million workers globally\u2014to quickly and confidently build new apps that run within Workday core applications. With new capabilities and functionality, Workday Extend enables higher-value apps that increase employee engagement, streamline experiences, and optimize business processes while securely connecting Workday data to third-party systems. This deep extensibility uniquely keeps the context of data, process flow, user experience, and security in place to deliver enhanced app experiences, unlike systems that run outside of Workday or that only offer general purpose functions. Those systems require re-building integrations, rationalizing user interfaces and security, and then synchronizing separate copies of the same data. Now with Workday Extend, customers simplify the IT stack and keep finance and HR data more secure so that organizations can optimize their existing technology investment with minimal risk.<\/p>\n<p>\n        <strong>Drive Rapid Innovation For Higher-Value App Experiences<\/strong><br \/>\n        <br \/>With new Workday Orchestrate, now included with a Workday Extend subscription, app developers have the ability to orchestrate finance and people processes across Workday and third-party systems. These orchestrations are built visually using Orchestration Builder\u2014a drag-and-drop user interface that provides guided, simplified low-code developer experiences to define logic, map data, and perform transformations.<\/p>\n<p>With this added functionality, Workday Extend helps foster an even more connected, adaptable, and extensible Workday that enables organizations to innovate faster to address their specific needs and accelerate time-to-value. Customers also benefit from:\u00a0<\/p>\n<ul type=\"disc\">\n<li>\n          <strong>Faster Development of New Digital Business Capabilities<\/strong><br \/>\n          <strong>. <\/strong>Workday Extend leverages the Workday core architectural principles and makes it possible for businesses to rapidly and deeply extend Workday data and processes. In addition, the Workday Extend app catalog offers a curated list of app templates and reference apps that address common business scenarios and are ready for immediate configuration and deployment. Customers using Workday Extend have achieved up to a 75 percent reduction in application development effort\u2014accelerating development from months to weeks\u2014over alternate technologies.\u00a0<\/p>\n<\/li>\n<li>\n          <strong>Reduced Complexity and Costs. <\/strong>With Workday Extend, IT teams can eliminate the need for a patchwork of app development and deployment platforms, workflow and integration tools, and management systems for building new apps and employee\u00a0experiences. This enables them to reduce technology stack complexity and costs, unlocking more capacity to deliver to the business.\u00a0<\/p>\n<\/li>\n<li>\n          <strong>Greater Confidence.<\/strong> Customers using Workday Extend are able to have greater confidence knowing that the apps they develop are on the global, trusted Workday Enterprise Management Cloud, minimizing the security and privacy risks associated with moving data outside of Workday to a separate system.<\/li>\n<\/ul>\n<p>\n        <strong>Comments on the News<\/strong><br \/>\n        <br \/>\u201cOur global customers need technologies that support a business-first approach\u2014the kind that differentiates them, future-proofs their existing investments, and drives innovative new ways to do business,\u201d said Jim Stratton, chief technology officer, Workday. \u201cWorkday Extend helps to close the acceleration gap that exists between IT needs and capacity, so companies can confidently and securely keep up with the growing pace of change.\u201d\u00a0<\/p>\n<p>\u201cWe have developed and deployed full Workday Extend apps within a few weeks, thanks to our team&#8217;s familiarity with Workday technology and trust in their governance model,\u201d says Eric Chung, director, HR Technology &#8211; Innovation, Sun Life. \u201cApp development with Workday is fast and secure given our ability to reuse established data structures and design patterns.\u201d<\/p>\n<p>\u201cUsing Workday Extend, we were able to build an employee self-service stock app that has helped us streamline the stock enrollment process and reduce stock option-related queries for the finance team,\u201d said Krishna Gundihithlu, manager, People Technology, Netflix. \u201cHaving the ability to leverage the security and privacy controls within Workday\u2019s trusted enterprise management cloud enables us to confidently spin up new apps like this to meet our unique needs and drive more value from our Workday investment.\u201d<\/p>\n<p>\u201cWorkday Extend, featuring the new Workday Orchestrate and data and logic capabilities, sets a new trajectory for the company as it opens up Workday to help clients accelerate their digital transformation journey,\u201d said Mickey North Rizza, program vice president, Enterprise Applications and Digital Commerce, IDC. \u201cExtending the value of Workday people and finance data and processes for customers and partners alike is the goal, and with today\u2019s announcement, Workday has delivered.\u201d<\/p>\n<p>\n        <strong>Additional Information<\/strong>\u00a0<br \/>For additional perspective:<\/p>\n<ul type=\"disc\">\n<li>Read the blog \u201c<a href=\"https:\/\/blog.workday.com\/en-us\/2021\/workday-extend-building-new-business-capabilities-hr-finance-speed-simplicity.html\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>Workday Extend: Building new Business Capabilities for HR and Finance with Speed and Simplicity<\/u><\/a>\u201d by Jim Stratton, chief technology officer, Workday.<\/li>\n<li>Check out the Workday Extend datasheet <a href=\"https:\/\/www.workday.com\/content\/dam\/web\/en-us\/documents\/datasheets\/enus-we-da-workday-extend.pdf\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>here<\/u><\/a>.\u00a0<\/li>\n<li>Register to attend the webinar, \u201c<a href=\"https:\/\/event.on24.com\/eventRegistration\/EventLobbyServlet?target=reg20.jsp&amp;partnerref=releasepr&amp;eventid=3042337&amp;sessionid=1&amp;key=68EF9575CD35030CB92B8F212ADB8EBC&amp;regTag=&amp;V2=false&amp;sourcepage=register\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>Unlock New Value from your Workday Investment: Discover the Power of Workday Extend<\/u><\/a>\u201d on April 22, 2021.<\/li>\n<\/ul>\n<p>\n        <strong>About Workday<\/strong><br \/>\n        <br \/>\n        <a href=\"https:\/\/www.workday.com\/\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><br \/>\n          <u>Workday<\/u><br \/>\n        <\/a> is a leading provider of enterprise cloud applications for <a href=\"https:\/\/www.workday.com\/en-us\/products\/financial-management\/overview.html\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>finance<\/u><\/a> and <a href=\"https:\/\/www.workday.com\/en-us\/products\/human-capital-management\/overview.html\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>human resources<\/u><\/a>, helping customers adapt and thrive in a changing world. Workday applications for financial management, human resources, planning, spend management, and analytics have been adopted by thousands of organizations around the world and across industries\u2014from medium-sized businesses to more than 45 percent of the <em>Fortune<\/em> 500. For more information about Workday, visit <a href=\"https:\/\/www.workday.com\/\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>workday.com<\/u><\/a>.<\/p>\n<p>\n        <strong>Forward Looking Statements<\/strong><br \/>\n        <br \/>This press release contains forward-looking statements including, among other things, statements regarding the expected performance and benefits of Workday\u2019s and Workday Strategic Sourcing\u2019s offerings. The words \u201cbelieve,\u201d \u201cmay,\u201d \u201cwill,\u201d \u201cestimate,\u201d \u201ccontinue,\u201d \u201canticipate,\u201d \u201cintend,\u201d \u201cexpect,\u201d \u201cseek,\u201d \u201cplan,\u201d \u201cproject,\u201d and similar expressions are intended to identify forward-looking statements. These forward-looking statements are subject to risks, uncertainties, and assumptions. If the risks materialize or assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. Risks include, but are not limited to, risks described in Workday\u2019s filings with the Securities and Exchange Commission (\u201cSEC\u201d), including Workday\u2019s Form 10-K for the fiscal year ended January 31, 2021 and future reports that may be filed with the SEC from time to time, which could cause actual results to vary from expectations. Workday assumes no obligation to, and does not currently intend to, update any such forward-looking statements after the date of this release.<\/p>\n<p>Any unreleased services, features, or functions referenced in this document, our website, or other press releases or public statements that are not currently available are subject to change at Workday\u2019s and Workday Strategic Sourcing\u2019s discretion and may not be delivered as planned or at all. Customers who purchase Workday and\/or Workday Strategic Sourcing services should make their purchase decisions based upon services, features, and functions that are currently available.<\/p>\n<p>\n        <strong>Media Contact:<\/strong><br \/>\n        <br \/>Samantha Sok<br \/><a href=\"mailto:media@workday.com\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>media@workday.com<\/u><\/a><\/p>\n<p>A photo accompanying this announcement is available at <a href=\"https:\/\/www.globenewswire.com\/NewsRoom\/AttachmentNg\/518e5c3a-f77c-4191-b1b0-bc996e3ac0d3\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">https:\/\/www.globenewswire.com\/NewsRoom\/AttachmentNg\/518e5c3a-f77c-4191-b1b0-bc996e3ac0d3<\/a><\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODIxMTkxOCM0MTA3MDQwIzIwMTA0NDE=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/25406e39-74d5-4b84-aefc-3877712612e4\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>New App Development Tools and Features Help Businesses Innovate Faster, Increase Organizational Agility, and Drive More Value From Their Existing Workday Investment Innovative Orchestration, Data, and Logic Capabilities Empower App Developers and IT to Build Net-New Apps Leveraging Workday Data to Meet Their Unique Needs\u00a0 PLEASANTON, Calif., April 06, 2021 (GLOBE NEWSWIRE) &#8212; Workday Inc.\u00a0(NASDAQ: WDAY), a leader in enterprise cloud applications for finance and human resources, today announced new capabilities in Workday Extend\u2014a solution that helps customers and partners seamlessly extend beyond core Workday applications to meet their unique business needs. New orchestration, data, and logic capabilities within Workday Extend will help organizations advance their digital acceleration efforts and unlock new business value, improve employee engagement, and increase organizational &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/workday-accelerates-customer-time-to-value-with-new-workday-extend-capabilities\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Workday Accelerates Customer Time-to-Value With New Workday Extend Capabilities&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-471762","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Workday Accelerates Customer Time-to-Value With New Workday Extend Capabilities - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/workday-accelerates-customer-time-to-value-with-new-workday-extend-capabilities\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Workday Accelerates Customer Time-to-Value With New Workday Extend Capabilities - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"New App Development Tools and Features Help Businesses Innovate Faster, Increase Organizational Agility, and Drive More Value From Their Existing Workday Investment Innovative Orchestration, Data, and Logic Capabilities Empower App Developers and IT to Build Net-New Apps Leveraging Workday Data to Meet Their Unique Needs\u00a0 PLEASANTON, Calif., April 06, 2021 (GLOBE NEWSWIRE) &#8212; Workday Inc.\u00a0(NASDAQ: WDAY), a leader in enterprise cloud applications for finance and human resources, today announced new capabilities in Workday Extend\u2014a solution that helps customers and partners seamlessly extend beyond core Workday applications to meet their unique business needs. New orchestration, data, and logic capabilities within Workday Extend will help organizations advance their digital acceleration efforts and unlock new business value, improve employee engagement, and increase organizational &hellip; Continue reading &quot;Workday Accelerates Customer Time-to-Value With New Workday Extend Capabilities&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/workday-accelerates-customer-time-to-value-with-new-workday-extend-capabilities\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-06T13:03:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODIxMTkxOCM0MTA3MDQwIzIwMTA0NDE=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/workday-accelerates-customer-time-to-value-with-new-workday-extend-capabilities\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/workday-accelerates-customer-time-to-value-with-new-workday-extend-capabilities\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Workday Accelerates Customer Time-to-Value With New Workday Extend Capabilities\",\"datePublished\":\"2021-04-06T13:03:34+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/workday-accelerates-customer-time-to-value-with-new-workday-extend-capabilities\\\/\"},\"wordCount\":1265,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/workday-accelerates-customer-time-to-value-with-new-workday-extend-capabilities\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODIxMTkxOCM0MTA3MDQwIzIwMTA0NDE=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/workday-accelerates-customer-time-to-value-with-new-workday-extend-capabilities\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/workday-accelerates-customer-time-to-value-with-new-workday-extend-capabilities\\\/\",\"name\":\"Workday Accelerates Customer Time-to-Value With New Workday Extend Capabilities - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/workday-accelerates-customer-time-to-value-with-new-workday-extend-capabilities\/","og_locale":"en_US","og_type":"article","og_title":"Workday Accelerates Customer Time-to-Value With New Workday Extend Capabilities - Market Newsdesk","og_description":"New App Development Tools and Features Help Businesses Innovate Faster, Increase Organizational Agility, and Drive More Value From Their Existing Workday Investment Innovative Orchestration, Data, and Logic Capabilities Empower App Developers and IT to Build Net-New Apps Leveraging Workday Data to Meet Their Unique Needs\u00a0 PLEASANTON, Calif., April 06, 2021 (GLOBE NEWSWIRE) &#8212; Workday Inc.\u00a0(NASDAQ: WDAY), a leader in enterprise cloud applications for finance and human resources, today announced new capabilities in Workday Extend\u2014a solution that helps customers and partners seamlessly extend beyond core Workday applications to meet their unique business needs. New orchestration, data, and logic capabilities within Workday Extend will help organizations advance their digital acceleration efforts and unlock new business value, improve employee engagement, and increase organizational &hellip; Continue reading \"Workday Accelerates Customer Time-to-Value With New Workday Extend Capabilities\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/workday-accelerates-customer-time-to-value-with-new-workday-extend-capabilities\/","og_site_name":"Market Newsdesk","article_published_time":"2021-04-06T13:03:34+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODIxMTkxOCM0MTA3MDQwIzIwMTA0NDE=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/workday-accelerates-customer-time-to-value-with-new-workday-extend-capabilities\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/workday-accelerates-customer-time-to-value-with-new-workday-extend-capabilities\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Workday Accelerates Customer Time-to-Value With New Workday Extend Capabilities","datePublished":"2021-04-06T13:03:34+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/workday-accelerates-customer-time-to-value-with-new-workday-extend-capabilities\/"},"wordCount":1265,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/workday-accelerates-customer-time-to-value-with-new-workday-extend-capabilities\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODIxMTkxOCM0MTA3MDQwIzIwMTA0NDE=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/workday-accelerates-customer-time-to-value-with-new-workday-extend-capabilities\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/workday-accelerates-customer-time-to-value-with-new-workday-extend-capabilities\/","name":"Workday Accelerates Customer Time-to-Value With New Workday Extend Capabilities - 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