More Than 55% of the NRF Top 100 Retailers Are
Using Workday to Elevate the Frontline Worker Experience, Increase
Productivity, and Manage Operational Costs
PLEASANTON, Calif., Jan. 11,
2024 /PRNewswire/ -- Workday, Inc. (NASDAQ: WDAY), a
leader in enterprise cloud applications for finance and human
resources, today announced continued momentum in the retail
industry, with the company's retail and hospitality business
exceeding $1 billion in annual
recurring revenue (ARR). Leading global retailers including Best
Buy, Cinemark Holdings, Inc., Crumbl Enterprises, LLC, Dave &
Buster's, Inc., Dick's Sporting Goods, Kolmar Korea Holdings Co.,
Ltd., KPB Brands, MUSINSA Co., Ltd., IDKIDS, O'Reilly Automotive
Stores, Inc., PARQUES REUNIDOS, S.A., Whataburger, Weis Markets,
Inc., and more have recently gone live on Workday to gain real-time
visibility into financial, workforce, and operational data across
the front, middle, and back offices for improved decision
making.
As part of this momentum, Group1 Automotive Inc., KIKO MILANO, Sunshine Bouquet Company,
Sweetwater Sound, Inc., Teasdale Foods, Inc., and more have
recently selected Workday Financial Management or Workday Human
Capital Management (HCM) to drive greater profitability, attract
and retain a skilled frontline workforce, and enable continuous
planning to support business growth and adapt to changing industry
needs. They join customers On, P.F. Chang's, and the more than 60%
of retail and hospitality organizations in the Fortune 500 that
have chosen Workday to transform their operations.
"In our fast-paced industry, it is critical that we bring
together our back and front office solutions so our leaders have a
single, unified source of truth for viewing, managing, and
optimizing our operations," said Art
Kilmer, chief operations officer, P.F. Chang's. "With
Workday AI and its continued workforce management innovations, we
can adapt quickly to changing labor and customer expectations and
better support our mission in delivering engaging experiences for
our employees and guests."
Putting the Frontline Worker Experience at the
Forefront
According to an IDC infographic*, 44% of retailers say they have
limited visibility into operations across the front and back
offices, and lack confidence in the data used to drive impactful
decision making. Further, 36% cite difficulty in retaining and
engaging frontline talent as one of their top business
challenges.
Workday delivers a single, connected workforce management system
– including Workday Scheduling and Labor Optimization, Workday Time
Tracking, Workday Absence Management, Workday Talent Optimization,
Workday Payroll, and more – that provides retail organizations with
a personalized worker experience, clear workforce and labor cost
insights, and a streamlined manager experience. With visibility
across the frontline workforce, retail leaders can identify and
quickly fill critical skills gaps and determine whether to train,
hire, or realign resources to meet changing business needs. This
helps nurture growth and increase employee engagement,
productivity, and loyalty with user-friendly workforce tools.
Accelerating Digital Finance Transformation with an Expanded
Partner Ecosystem
Retail organizations need finance, workforce, planning, and
business agility to respond to shifting market and economic
conditions. To help customers speed their digital transformation
efforts and accelerate time to value, Workday empowers them to
leverage both Workday and partner solutions.
Workday recently announced an expanded partnership with
Accenture to develop a suite of data-led, composable finance
solutions that can be configured to help retail clients be more
responsive to changing business needs. Workday and Accenture plan
to offer customers pre-packaged integrations, configurations, and
reports to optimize the integration of Workday Financial Management
with other best-of-breed merchandising and inventory solutions,
providing finance and store operations teams with better insight on
inventory and store data to make the right products available in
the right place; a comprehensive retail and analytics solution that
provides dashboards for store operators to better understand store
performance; and a strategic workforce management solution that
provides retailers with a fact-based solution to plan and manage
their workforce.
Additionally, Workday Solutions Marketplace offers numerous
retail-specific solutions, allowing customers to easily discover,
learn, and evaluate trusted solutions from Workday certified
partners that help address their unique business needs.
"Organizations worldwide trust Workday to better manage their
two biggest assets – their people and their money – and we're proud
to support leading retail and hospitality workers with innovative
finance, HR, and planning solutions," said Keith Pickens, head of retail, Workday. "With
Workday AI and our expanded partner ecosystem, our retail customers
have the tools they need to support the business demands of today
while empowering them to anticipate and react to the challenges of
tomorrow."
For More Information
- Stop by the Workday booth (#4675) at NRF 2024 (January 14–16,
2024) to hear from Workday customers, connect with Workday
executives, and see demos of Workday AI and Workday workforce
management solutions.
- Attend the session, "P.F. Chang's Recipe for Success: An
Intelligent Platform for HR, Workforce Management, and Finance," on
Monday, January 15 from 9:15am - 10:00 am.
*Source: IDC Infographic, sponsored by Workday, Enterprise
Software Drives the IT and Finance Operations of the Insurance
Industry, doc #US50932323, July
2023.
About Workday
Workday is a leading provider
of enterprise cloud applications for finance and human
resources, helping customers adapt and thrive in a changing world.
Workday applications for financial management, human resources,
planning, spend management, and analytics are built with artificial
intelligence and machine learning at the core to help organizations
around the world embrace the future of work. Workday is used by
more than 10,000 organizations around the world and across
industries – from medium-sized businesses to more than 50% of 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 holders.
Forward-Looking Statements
This press release contains
forward-looking statements including, among other things,
statements regarding Workday's plans, beliefs, and expectations.
These forward-looking statements are based only on currently
available information and Workday's current beliefs, expectations,
and assumptions. Because forward-looking statements relate to the
future, they are subject to inherent risks, uncertainties,
assumptions, and changes in circumstances that are difficult to
predict and many of which are outside of Workday's control. If the
risks materialize, assumptions prove incorrect, or we experience
unexpected changes in circumstances, actual results could differ
materially from the results implied by these forward-looking
statements, and therefore you should not rely on any
forward-looking statements. Risks include, but are not limited to,
risks described in Workday's filings with the Securities and
Exchange Commission ("SEC"), including Workday's Form 10-Q for the
fiscal quarter ended October 31,
2023, and other reports that we have filed and will file
with the SEC from time to time, which could cause actual results to
vary from expectations. Workday assumes no obligation to, and does
not currently intend to, update any such forward-looking statements
after the date of this release.
Any unreleased services, features, or functions referenced in
this document, Workday's website, or 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 who purchase Workday services should make their
purchase decisions based upon services, features, and functions
that are currently available.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/workday-announces-continued-retail-industry-momentum-driven-by-accelerated-demand-for-ai-solutions-that-help-fuel-organizational-agility-and-growth-302032738.html
SOURCE Workday Inc.