Making the switch to Software as a Service (SaaS) like Workday is a transformational journey for your IT, HR and finance departments and your early decisions can impact short and long term goals. We’ve put together a guide to provide you with questions to keep in mind as you get started.
1. Can a single system handle all my needs?
With legacy technology, it seemed more effective to work with individual applications that specialized at a core HR service. But today, single platforms have emerged that can handle many major tasks. Cloud SaaS solutions like Workday Human Capital Management can unify all your people-related data and processes. SaaS solutions offer intuitive, self-service features to help your company organize, staff, and pay a global workforce. And, it handles benefits, talent management, recruiting, payroll, time tracking, planning and more.
2. What’s the advantage of combining HCM and Financial Management?
Unifying your Human Capital and Financial Management systems eliminates the need for separate application and data integration infrastructure between systems, allowing you to access real-time insights. Reporting that once took several hours to mine and cobble together can be done within minutes, from anywhere at any time, enabling you to make informed business decisions with accurate data to back them.
