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Workday announces Global Payroll Connect – a solution to manage all of a company’s payroll needs

Workday announces Global Payroll Connect – a solution to manage all of a company’s payroll needs

The company leverages the power of the Workday partner ecosystem to streamline and simplify payroll

PLEASANTON, California., 20 August 2024 /PRNewswire/ — Microsoft, Inc. (NASDAQ: WDAY), a leading provider of solutions that help companies manage their People And Moneytoday announced Global Payroll Connect, a unified global payroll solution that seamlessly connects with payroll providers to deliver an end-to-end global payroll experience. With integrations across Workday’s global partner ecosystem, Global Payroll Connect enables customers to manage all of their payroll, HR and workforce needs directly within Workday.

(PRNewsphoto/Working Day)

After a new report According to Workday, half of global organizations lack a unified view of all global payroll, real-time visibility into payroll costs, and real-time data integration, making it difficult to understand global workforce spend and determine whether payroll data is accurate and compliant.

With pre-built API integrations, Global Payroll Connect can reduce implementation costs by up to 50% and provide a single point of access and visibility into payroll status for an organization’s entire global workforce. This streamlined experience enables customers to process and access key components of payroll – including HR data, absence, time tracking, benefits, compensation data, and more – without having to build custom integrations.

“On average, companies manage five or more payroll systems, which is time-consuming, costly, and can lead to data reconciliation issues,” said Cristina Goldt, General Manager of Workforce and Pay at Workday. “Together with our partners, we are making it easier for our customers to consolidate all of their global payroll operations directly into Workday to give their employees better, more efficient access to and control of their payroll data.”

With Global Payroll Connect, customers can:

  • Accelerate deployment times, reduce costs, and maximize time to value by eliminating the need to create and manage numerous local payroll integration systems.
  • Increase efficiency by bringing global payroll operations—whether it’s a Workday payroll solution or one of our partners—into Workday, providing a single source of truth that provides insight into HR, workforce, and payroll, regardless of where employees are paid.
  • Deliver a better employee experience by giving your employees self-service access to all their payroll data (e.g., pay stubs, benefits, bonuses, paid time off, etc.) in one place, so they don’t have to log into multiple solutions to view this information.

Workday Payroll partners such as ADP, CloudPay, PwC, Payslip, Safeguard, SHAPEiN and Street (formerly the Payroll and Professional Services division of Alight Solutions) is currently working with Workday to launch Global Payroll Connect.

For more information about participating in Global Payroll Connect, Workday partners should contact their Workday Partner Manager.

Availability
Global Payroll Connect will be available to Workday customers and partners in October 2024.

More information

About Workday
working day is a leading enterprise platform that helps organizations manage their most important assets – their People And Money. The Workday platform is powered by AI and helps customers empower employees, optimize work, and drive their business forward sustainably. Workday is used by more than 10,500 organizations worldwide and across industries – from mid-sized companies to more than 60% the Fortune 500. For more information about Workday, visit workday.com.

© 2024 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 owners.

Forward-looking statements
This press release contains forward-looking statements, including, among other things, statements regarding Workday’s full year and second quarter fiscal 2025 subscription revenue and non-GAAP operating margin, growth, demand, strategy and investments. These forward-looking statements are based only on currently available information and our current beliefs, expectations and assumptions. Because forward-looking statements relate to the future, they are subject to risks, uncertainties, assumptions and changes in circumstances that are difficult to predict and many of which are beyond our control. Should the risks materialize, assumptions prove incorrect, or we experience unexpected changes in circumstances, actual results may differ materially from those implied by these forward-looking statements and you should not rely on forward-looking statements. Risks include, but are not limited to: (i) breaches of our or our third-party providers’ security measures, unauthorized access to our customers’ or other users’ personal information, or disruptions to the operations of our data center or computer infrastructure; (ii) service outages, delays in the deployment of our applications and the failure of our applications to function properly; (iii) privacy concerns and evolving domestic or foreign laws and regulations; (iv) the impact of ongoing global economic and geopolitical volatility on our business and on our customers, prospects, partners and service providers; (v) the loss of key employees or the inability to attract, train and retain highly qualified employees; (vi) competitive factors, including pricing pressures, industry consolidation, entry of new competitors and new applications, technological advances and marketing initiatives by our competitors; (vii) our dependence on our partner network to drive additional revenue growth; (viii) the regulatory, economic and political risks associated with our domestic and international operations; (ix) the adoption of our applications and services by customers and individuals, including any new features, enhancements and modifications, and the satisfaction of our customers and users with the deployment, training and support services they receive; (x) the regulatory risks associated with new and evolving technologies, such as AI, and our ability to achieve a return on our development efforts; (xi) our ability to achieve the expected business or financial benefits from corporate acquisitions or investments; (xii) delays or reductions in information technology spending; and (xiii) changes in revenue that may not be immediately reflected in our results due to our subscription model. For more information on these and other risks that could affect Workday’s results, please see our filings with the Securities and Exchange Commission (“SEC”), including our most recent report on Form 10-Q or Form 10-K and other reports we have and will file from time to time with the SEC, which could cause actual results to differ from expectations. Workday undertakes no obligation, and does not currently intend, to update any such forward-looking statements after the date of this release, except as required by law.

Any unreleased services, features or functionality referenced in this document, on our website, or in 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 purchasing Workday services should make their purchase decision based on the services, features and functionality that are currently available.

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