The University of Rochester Selects Workday Financial Management

Mon Nov 5, 2012 8:33am EST

* Reuters is not responsible for the content in this press release.

  PLEASANTON, CA, Nov 05 (Marketwire) -- 
Workday, Inc. (NYSE: WDAY), a leader in enterprise cloud applications for
human resources and finance, today announced that the University of
Rochester, one of the nation's leading private research universities, has
selected Workday Financial Management. Workday will provide the
university with a modern, unified finance application that leverages the
benefits of the cloud to bring new levels of insights and capabilities to
its finance organization.

    Workday will provide the University of Rochester with a full range of
financial management capabilities, analytics, real-time business
insights, and fully auditable process management, uniquely designed for
the needs of higher education and delivered in the cloud. With Workday
Financial Management, customers gain:


--  New levels of operational efficiency through a unified financial and
    accounting core, and the ability to dramatically simplify the chart of
    accounts, reducing administrative maintenance, while maintaining rich,
    multi-dimensional business visibility.
--  Real-time visibility into the financial and operational performance of
    the organization through business-event driven analytics, arming
    managers with relevant information they need to make better decisions.
--  Built-in budgetary controls, auditing, and configurable workflows to
    facilitate governance and compliance across the organization and to
    cost-effectively adapt to changing regulatory and organizational
    requirements.

    

Like the hundreds of other Workday customers, the University of
Rochester will benefit from Workday's cloud delivery model, which
includes the following key features as part of its regular subscription: 


--  Release of updates to its customers three times a year, ensuring
    customers are current on the latest application and technology
    innovations.
--  An intuitive interface and user experience that increases engagement
    and creates more efficiency in the finance organization.
--  Access to critical organizational information, analytics and reports
    through Workday's innovative mobile solutions.

    

Comments on the News
 "We needed a solution to help support the
finance and accounting needs of a leading research, academic, and
clinical care organization," said John Barden, associate chief
information officer, University of Rochester. "We expect to evolve the
product together with Workday to meet our needs." 

    "With the Workday solution, we were able to 'leap-frog' over existing
technologies to a more cost-effective solution for us," said Doug Wylie,
University of Rochester controller.

    "The most important thing Workday can do is help the University of
Rochester continue to put its critical resources and energy into its
nationally recognized curriculum, medical center and research, rather
than managing the back office," said Dave Duffield, Workday co-founder
and co-CEO. "By taking this big leap forward from a legacy financial
system, the University of Rochester will immediately have real-time
operational insights and strong financial controls that are vital in the
rapidly changing fields of higher education and medicine."

    About Workday
 Workday is a leading provider of enterprise cloud
applications for human resources and finance. Founded in 2005, Workday
delivers Human Capital Management and Financial Management applications
designed for the world's largest organizations. Hundreds of companies,
ranging from medium-sized businesses to Fortune 50 enterprises, have
selected Workday.

    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's discretion
and may not be delivered as planned or at all. Customers who purchase
Workday, Inc. services should make their purchase decisions based upon
services, features and functions that are currently available.

    Copyright 2012. Workday, Inc. All rights reserved. Workday and the
Workday logo are registered trademarks of Workday, Inc. All other brand
and product names are trademarks or registered trademarks of their
respective holders.

    

Media Contact Information
Eric Glass
Workday
(925) 951-9456
Eric.Glass@Workday.com 

Copyright 2012, Marketwire, All rights reserved.

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