By Naoki Tsukamoto
Workday filed their S-1 last Thursday in preparation for their IPO. Appirio has been a Workday partner since September 2010 and we’ve been fortunate to have our Workday practice explode globally along with Workday’s growth. Their IPO filing has been eagerly anticipated and is the exclamation point on an amazing run so far. But if you congratulate Workday employees in meetings, they’ll be the first to say that it’s not a milestone worth celebrating yet.
I do love their customer-first culture, but since I’m not a Workday employee, I’ll take a moment to recognize a few of their achievements to date. Workday’s S-1 filing shows that they increased revenues over the past three years by 400% to $134.4 million for fiscal year-end Jan 31. Workday already has over 325 major customers and more than two million employees using their platform. As Dennis Howlett blogged, “If anyone needed convincing that there is an enterprise cloud market for systems of record then that in itself should be proof positive.”
On-premise software vendors have had to finally confront the reality that their lucrative ERP franchises are no longer safe and are making a variety of defensive moves. Oracle acquired cloud-based recruiting specialist Taleo, while SAP acquired SuccessFactors’ performance management suite. Last week, even IBM jumped into the HCM space by acquiring Kenexa. Cloud HCM is not just attracting the interest of on-premise vendors. As salesforce.com moves beyond CRM and looks to more social business processes, HCM is attracting their interest. They acquired social performance management provider Rypple last year and are expected to announce a broader HCM strategy at Dreamforce next month.
However, if you stack up capabilities in cloud HCM, Workday is uniquely positioned and the company most likely to offer their customers a seamless and comprehensive solution. Even more intriguing would be some combination of Workday’s core HCM capabilities with Salesforce’s platform and social layer.
Enterprise Cloud HCM Landscape
At Appirio, we are so convinced that Workday offers the most comprehensive cloud HCM solution that we not only recommend it to our clients, but also run our own businesses on Workday HCM and Financials. We’ve seen first-hand that Workday’s cloud platform offers a new way to run one’s business. It’s not just cheaper and easier to use but is much easier to extend. We’ve been able to extend Workday HCM with social recruiting from Jobvite, gamified performance management from Badgeville and a number of custom Force.com apps.
Ultimately, Workday is the foundation for an entirely new type of HR organization, and that’s what we’re most excited about. For more on cloud powered HR, see our whitepaper on “How Cloud-Based Human Capital Management Can Impact Business Results.” Or come see us in few weeks at Booth #701 at Salesforce.com’s Dreamforce conference. We happen to be right next to our friends from Workday!