We're looking to decide between Workday and PeopleSoft. For those who've made this decision, can you share your experience with either and why you chose one over the other?
CTO in Software, 11 - 50 employees
Netflix was an early Workday HCM adopter as well as the first publicly traded company to go-live on Workday Financials. I selected them based upon "cultural fit" and the fact that their solution was either more extensible to start with, or I could help influence the features in the roadmap.VPInternational Operations and IT and CIO in Education, 1,001 - 5,000 employees
Our decision was between Oracle Cloud (Financials including budget planning and HCM) and Workday. We did not look at PeopleSoft because move the cloud was important part of the project. We selected Oracle Cloud. The core reasons were: (1) RPA and the need for more automation in both HR and Finance, (2) COA (we had to do COA redesign and Oracle had a closer match to the functionality we wanted). Workday was stronger on HCM. These are complicated decisions - sorry I am boling it down to a very short explanation. VP of Product Management, 10,001+ employees
People soft is a dying technology .. lot of financial services organizations are moving or have moved to Workday. HCM and analytics capabilities are superior with Workday in conjunction with Anaplan. Besides the integration and data migration In many of the implementations i have been part of, were very smooth. I have seen implementations as complex of moving 300,000 employee data onto Workday , integration with GL and other systems and making the reporting data available on premise for data warehousing and BI in less than 6 months. Obviously additional HCM Features like learning portals, Anaplan based reporting, benefits etc took additional time, but the entire project was done in less than 18 monthsAssistant Director IT Auditor in Education, 10,001+ employees
Interesting, very good to know. I had thought PeopleSoft was a dominant financial system.Former Chief Technology and People Officer in Software, 1,001 - 5,000 employees
Workday!VP - Total Rewards and HR Transformation in Healthcare and Biotech, 10,001+ employees
Recently implemented Oracle HCM, Finance and Supply Chain at my previous organization. Currently implementing Workday HCM, Finance and Supply Chain at my current organization. I've used Workday in the past as well (implemented in 2013) and Workday is by far the superior for HCM.Director of IT in Consumer Goods, Self-employed
We are a mid-sized commodity trading company. We were looking to replace JDE as our ledger. Our commodity trading solution acts as the sub ledger and JDE as our GL. We went through an 8 month evaluation and it came down to D365 for Finance and Workday Financials. After extensive meetings with both Microsoft and Workday and a deep dive into both solutions, we landed on Workday. We are primarily a Microsoft shop, but in the end the finance team selected Workday Financials because of how user centric it is. The UI was more intuitive and it was deeper in financial functionality that D365 for Finance. The team also felt that Microsoft was a framework that we could build on, but felt workday was more complete FMS without us having to build. Another factor was Adaptive for FP&A. Microsoft does not have an FP&A tool, where Workday has integration with Adaptive as part of their suite of products. We also liked the Accounting Center that can take subledger postings and automatically create rules based summarized GL entries.These are the highlights of our decision tree, but there were other factors that influenced our decision as well.
Content you might like
Costs involved by this activity (external and internal)32%
Response time / waiting time / resolution time74%
Resolution quality55%
Automation23%
Knowledge / skills / know-how / expertise9%
220 PARTICIPANTS
Agile methodology63%
Waterfall methodology31%
DevOps methodology6%
100 PARTICIPANTS
CEO in Services (non-Government), Self-employed
Using AI tools 2-3 a week. Use cases: -summaries of content
-slide outlines
-abstracts
-citations.
-Beauti.Ai for slide preparation
-Chat GPT 4
-Styluschat
Community User in Software, 11 - 50 employees
organized a virtual escape room via https://www.puzzlebreak.us/ - even though his team lost it was a fun subtitue for just a "virtual happy hour"
CTO in Software, 201 - 500 employees
Without a doubt - Technical Debt! It's a ball and chain that creates an ever increasing drag on any organization, stifles innovation, and prevents transformation.