Thomson Reuters moves payroll, HR data to the cloud

Information and financial services giant Thomson Reuters has more than 55,000 employees spread over 100 countries.

While the company recently considered upgrading its existing HR system to accommodate change and growth, it eventually opted instead to use Workday’s software-as-a-service (SaaS) offerings for human capital management and payroll.

Workday last week updated its SaaS platform with the release of Workday 14, which features embedded intelligence designed to provide contextual information for business processes. In other words, in-memory data management allows managers to view relevant information all in one place instead of hunting around for contextual data.

For example, if a manager were conducting a performance review using Workday 14, he or she would be able to view the employee’s previous performance reviews, current compensation, compensation history and compensation relative to peers all on a single screen.

Workday, based in Pleasanton, Calif., also recently unveiled an iPad app optimized for C-level executives that is integrated into Workday 14.

The new version of Workday includes increased financial management functionality for large, complex multinational corporations such as Thomson Reuters, as well as features geared toward the public sector and higher education.

Among the features in Workday 14 for higher education are union management and membership tracking, custom reporting for Integrated Postsecondary Education Data System requirements and position budget checking.

In a statement announcing Workday 14, company CTO Stan Swete said, “Business users can quickly and easily build and embed custom charts, graphs and tables directly into their business processes without requiring the assistance of IT or having to know Java, SQL or understand all the traditional BI jargon.”

Workday has more than 200 clients, including Brown University, McKee Foods, Salesforce.com and The Carlyle Group.

Would you recommend this article?

Share

Thanks for taking the time to let us know what you think of this article!
We'd love to hear your opinion about this or any other story you read in our publication.


Jim Love, Chief Content Officer, IT World Canada

Featured Download

Related Tech News

Featured Tech Jobs

 

CDN in your inbox

CDN delivers a critical analysis of the competitive landscape detailing both the challenges and opportunities facing solution providers. CDN's email newsletter details the most important news and commentary from the channel.