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Workday has unveiled twelve new Industry Accelerators aimed at assisting customers in expediting the modernisation of their HR and finance operations across various sectors.
This initiative is enabled by the collaboration between Workday and its global partners.
The Workday Industry Accelerator programme combines Workday’s HR and finance solutions with sector-specific expertise and pre-built offerings from partners. This collaborative approach is intended to help customers tackle industry-specific challenges.
These challenges range from enhancing academic recruitment for higher education institutions to managing staffing shortages in the retail and hospitality sectors.
“Every industry has unique business challenges that require solutions designed specifically for them,” commented Sophie Sharp, senior vice president of global industries and value management at Workday.
“Industry Accelerators help customers harness the full power of the Workday platform combined with industry-leading practices to ensure they stay ahead of the curve and achieve faster, more efficient paths to value,” she added.
The Industry Accelerator programme includes contributions from various partners such as Accenture, CrossVue, Deloitte, Invisors, Kainos, KPMG, Mercer, and PwC.
The new Industry Accelerators address specific needs in banking, healthcare, higher education, professional services, retail and hospitality, and technology and media sectors.
In the banking sector, the offerings include CrossVue’s solution aimed at improving financial reporting and compliance for banks and credit unions, and Deloitte’s accelerator designed to help financial institutions navigate complex regulatory requirements while maximising profitability.
For healthcare, Deloitte offers solutions for Canadian healthcare providers to enhance operational efficiency and compliance, as well as a tool for healthcare payors to optimise claims processing. Mercer provides another healthcare-related offering focused on workforce management, while PwC focuses on financial process efficiencies and expense management for healthcare providers.
In higher education, Deloitte’s Industry Accelerator helps institutions improve student recruitment, enrolment, and research process efficiency.
For professional services, Invisors provides tools aimed at optimising project management and resource allocation.
Accenture and KPMG both target the retail and hospitality sectors. Accenture’s offering aims to improve inventory management and workforce scheduling, while KPMG focuses on addressing talent shortages and evolving customer expectations in these industries.
The technology and media sectors also benefit from Deloitte and Kainos. Deloitte’s solution provides deeper business insights to drive growth and manage mergers and acquisitions, whereas Kainos focuses on enhancing efficiency in revenue recognition and customer relationship management systems.
Workday continues to expand its partner ecosystem and introduces innovations via the Workday platform. This includes the recent launch of Global Payroll Connect, which unifies global partner payroll solutions, and the Built on Workday programme. The latter enables partners to develop, manage, and market HR and finance apps through Workday Marketplace.
Workday plans to maintain its collaboration with both new and existing partners to deliver solutions tailored to accelerate innovation and deploy new capabilities, thereby leveraging the full potential of the Workday platform.