Workday Inc was incorporated in March 2005 in Nevada, and in June 2012 it reincorporated in Delaware. The Company is a provider of enterprise cloud applications for finance and human resources. It delivers financial management, human capital management and analytics applications designed for the companies, educational institutions, and government agencies. Its applications include Workday Financial Management, Workday HCM, and Workday Insight Applications. Workday Financial Management is a comprehensive, unified application built on a single, with a full range of financial capabilities, relevant analytics and metrics, and fully auditable process management built to help manage financial processes for organizations. Workday Human Capital Management (Workday HCM) allows an organization to staff, pay, organize, and develop its workforce. This unified application includes human resources management (workforce lifecycle management, organization management, compensation, absence, and employee benefits administration) and talent management (goal management, performance management, succession planning, and career and development planning). Workday HCM also includes project and work management designed to enable organizations to create, manage and track initiatives, build project plans and utilize project breakdown structures that include phases, tasks, and milestones. Workday HCM is also unified with Workday Recruiting and Workday Payroll. Workday Recruiting is an end-to-end application that supports the needs of candidates, hiring managers, the interview team, and recruiters. Workday Payroll is a modern payroll application designed to address the full spectrum of enterprise payroll needs and provides control, accuracy and flexibility to support the needs of organizations. Workday Insight Applications is a suite of applications that leverage data science and machine learning methodologies to help customers make smarter financial and workforce decisions. Each Workday Insight Application is designed to address specific business scenarios by providing insights and surfacing predictions, and is expected to recommend actions that a decision-maker can take. All of these capabilities will be delivered in an intuitive, mobile environment that is unified with the entire Workday system. The Company's current customer base spans industry categories, including technology, financial services, business services, healthcare and life sciences, manufacturing, consumer and retail, and education and government. It sells substantially all of its software applications through direct sales organization. The Company currently competes with large, well-established, enterprise application software vendors, such as Oracle Corporation (Oracle) and SAP SE (SAP). Oracle and SAP are established enterprise software companies. These vendors include The Ultimate Software Group, Inc., Automated Data Processing, Inc., and Infor Global Solutions, amongst others. It relies on a combination of trade secrets, patents, copyrights, and trademarks, as well as contractual protections, to establish and protect its intellectual property rights.
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