Workday Inc was incorporated on March 2005 in Delaware. The Company is a provider of enterprise cloud-based applications for global human resources and finance. It delivers human capital management, financial management, and analytics applications designed for the world's largest organizations. It helps organization to manage their financial and human capital resources. As part of its applications, it has delivered embedded analytics that capture the content and context of everyday business events, facilitating fast and informed decision-making from wherever users are working. In addition, it provides an intuitive user experience similar to those of leading consumer Internet sites, reducing the time for training on its applications. It uses a multi-tenant architecture in which customers are on the same version of its software enables innovations to be deployed quickly. It currently provide updates two times per year as part of the subscription agreement and when the new update is delivered, the prior version is fully replaced. As a result, all Workday customers are on the same version at all times. The Company's applications use objects to represent real-world entities such as employees, benefits, budgets, charts of accounts, and organizations. It delivers cloud applications using an innovative technology foundation that leverages the recent advances in cloud computing and data management and allows delivering applications that are functional and flexible. It also provides open, standards-based web-services application programming interfaces and pre-built packaged integrations and connectors called Cloud Connect. The Company's competitors include Oracle Corporation and SAP AG. Some of its applications are Workday HCM, Workday Payroll, Workday Financial Management and Workday Big Data Analytics. The Company has more than 600 customers. Its competitors include Oracle Corporation and SAP AG.