What is Workday?
Workday is a new generation of cloud-based applications that
service human resources, payroll, and financial needs for organizations.
Workday
is the leader in cloud-based, enterprise applications that combine a lower cost
of ownership with an innovative approach for global businesses.
Workday
provides unified Financial Management and Human Capital Management (HCM)
applications designed for today’s organizations and the way people work.
Workday
is delivered in the cloud and leverages a modern technology platform, which
will provide greater information accessibility.
What are the different modules present in Workday?
The different modules present in
Workday are:
- Workday HCM
- Workday Financial
- Workday enables 24/7 access to the information over a secure network.
- Workday’s SaaS/cloud delivery model allows services to reach customers with a minimal number of servers, reducing energy needs.
- Workday functionality offers employee and manager self-service, enabling staff to update or access their information privately from any computer or mobile device with internet access
- Workday is designed to support the unique needs of higher education.
Workday
is supported by most internet browsers, including Internet Explorer, Google
Chrome, Mozilla Firefox and Safari. For those who need to use older versions of
IE (e.g., Darcy or IRES users), you will need to use Chrome, FireFox or Safari
to log into Workday.
What does “ERP” mean and how does it relate to Workday?
“ERP”
is an acronym for “Enterprise Resource Planning” and is a generic industry term
for integrated suites of business systems (such as payroll, HR, and finance
systems). Workday became ERP for
human resources, academic, and payroll business processes as of July 2015.
What types of reports will Workday provide?
HCM,
payroll, and financials in Workday will have standard and custom reports
according to its primary business focus. Some reports combine information from
both the HCM/Payroll and the Financials modules. Reports can have features such
as custom prompts, calculated fields, and interactivity, as well as graphics
and charts. Data in certain types of reports can also be made available to other
applications.
What sources of information will be used in Workday for reporting in
the future?
In
addition to becoming the official source of business information for HCM,
payroll, and financials, Workday will also become the main source for your reporting
needs whenever possible. Reporting from the Institutional Data Store (IDS)
using Cognos or
other tools will supplement Workday reporting capabilities and will be used whenever
data that do not exist in Workday are needed.
If I am used to getting my reports through Cognos, where will I get
them when Workday goes live?
If
there are critical data that Workday does not handle or if date ranges fall
outside of what will exist in Workday, then the Enterprise Data Management
(EDM) team will coordinate the use of other systems such as Cognos, Tableau,
and the Institutional Data Store (IDS).
Will every piece of existing data from the mainframe and Workday be
available in the IDS?
No, the
IDS is not a backup system. Any data from the mainframe that will no longer be
needed will be archived separately. Data that are in Workday will be backed up
on Workday servers. The Institutional Data Store (IDS) will only store a subset
of Workday data if the data have been identified as our most important data and
are a requirement for a critical downstream report or data feed that cannot be
handled by Workday or another application.
What is Workday HCM?
Workday
Human Capital Management is the only application that unifies HR and Talent
Management into a single system-of-record. And with embedded analytics,
manager and employee self-service, and a user experience unlike any other enterprise
application, Workday redefines what it means to manage a global, mobile, and
diverse workforce.
Learn IT Training is a trusted and
preferred online training partner for corporate and professionals, a premium
Workday online classes provider which imparts online training in different IT
specializations. We are the epitomize leader in different IT training online
courses across India, USA, Canada, Australia, UAE, UK. We maintain the best SAP
training along with many other IT technologies training.
Register here for free demo on workday:
www.learnittraining.com/student-registration
For more details
Visit: www.learnittraining.com
Email: contact@learnittraining.com
Phone: India +91 9912989639, USA
+12108585008
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