Are you facing trouble in managing the everyday complications in the HR Department? Then, please install the best software and ensure convenience in all Human Resource activities. Workday and PeopleSoft are the leading names in this respect. Here we introduce them as a fabulous solution for your business.
Workday is a magical creation for the corporate people. The two long-time friends, Dave Duffield and Aneel Bhusri bumped into each other outside Lake Tahoe in 2005. The two software specialists shared their idea to establish a start-up company. The ultimate fruit of that discussion was Workday. It was formed as a cloud-based solution to facilitate smooth operations concerning HR and Finance.
The revolutionary software took over the whole corporate world within a short time. Things indicate that Workday will be the ruler of HRIS as PeopleSoft bidding adieu forever.
On the other hand, PeopleSoft came into existence in 1987 through the joint efforts of Ken Morris and Dave Duffield. The company’s initial objective was to provide software according to the changed circumstances. In 2005, Oracle finally took over PeopleSoft.
In present days, you will notice that only Workday is in regular use. This is because PeopleSoft tends to get obsolete day by day.
Let us begin the exciting discussion to speak about both this software elaborately.
Points of Similarities between PeopleSoft and Workday
Workday and PeopleSoft are the two strongest solutions for the Human Resource Department, regardless of business type. However, the most interesting fact about them is the owner. David Duffield is the master behind the development of these incredible solutions. The ERP Market seems to be incomplete without them today. Interestingly, companies bear good costs on Workday Training for better and faster results. This implies that the popularity of Workday is more in the IT market.
Furthermore, several organizations also favor imparting training for PeopleSoft. Technically speaking, both solutions have multiple points of differences and similarities. However, after the takeover of Oracle, as specified earlier, PeopleSoft is not a well-functional alternative anymore.
In this section, we will discuss the similarities between the two. The most crucial point in this matter is the functionalities and way of handling various projects. Some of the famous operations include in ERP include;-
- Human Capital Management
- Financial Management
- Student Information System
Additionally, both solutions are user-friendly and cloud-based. Hence, once incorporated into the regular financial system, the HR personnel will not face trouble maintaining the records. Initially, in PeopleSoft, users used to get multiple features to serve individual purposes. However, with the advent of Workday, the inclination towards new software is immense.
Where Do The Tools Differ?
Although PeopleSoft and Workday are one person’s brainchildren, they have multiple differences. By now, you are well-acquainted with similar points. It will also be interesting to know about the points where they differ. Please go through them for a thorough analysis and comparison of both.
Analytics and Reporting
The analytical tools belonging to Workday Prism can connect with external data tools. Moreover, the users can prepare the required reports within the system itself. Thus, this feature will elevate the dashboard experience for the experts.
PeopleSoft provides access to all the analytical tools to every user. However, there is a limitation of power in the case of these tools. The features of the tools will be based on the data present in the PeopleSoft database of the respective company. This may not be preferable to some users. In such cases, they can shift to Workday.
Updates and Deployment
Workday is ideal for the end-users willing to work on cloud platforms. The updates for the software come up automatically on Workday’s cloud platform. Hence, this software will be more fruitful for an entity operating on limited resources.
Originally, PeopleSoft was developed as an on-premise solution. With time and people’s demands, the cloud-based version came into existence. However, no instant updates are available on PeopleSoft. Here, the system administrators will receive options to select the various updates coming into the workflow.
Customer Relationship Management
CRM is one of the most critical factors when deploying HR software in your work process. PeopleSoft works fantastically on Oracle. The company has a specific CRM tailored to suit the users’ needs. Moreover, there is high security and proper integration with other features available on the PeopleSoft platform.
On the contrary, Workday does not offer any of such features. However, you can experience Salesforce integration here. The two companies enjoy a robust partnership attracting many software professionals. Therefore, the users can benefit from effective integration for the smooth functioning of enterprise affairs. Unfortunately, Workday does not support Customer Relationship Management through the cloud mode.
The intriguing design of Workday facilitates working on modern architecture. The UI interface ensures that working on any medium, like a desktop, tablet, or smartphone, will be easier and faster. Furthermore, this is the ideal structure you can get over the web. The User Interface does not hamper the actual functions of the product.
Consumers generally love to work on dynamic platforms. Thus, adapting to changes can be easier here. In addition, Workday Solutions will never want you to change your work pattern depending on the updated version. Therefore, as a satisfied user, you get the updates on time without hampering the working process.
Workday is a preferred network solution for students, especially for higher education. It has unique student information software to answer the modern queries of the students. Furthermore, the software directly connects with other areas of operations like HR systems or Workday Finance. The solutions are thus varied and comprehensive, showing the interconnected results to the users.
PeopleSoft does not operate independently and can work depending on the performance of the Oracle platform. It cannot be run on any other platform.
PeopleSoft behaves in a more employee-specific manner. It implies that the HR solutions will support self-service for enthusiastic employees. The workflow in this software mainly focuses on personal information storage for student users. For that, the special tool available on the software is PeopleSoft Campus Solutions. Hence, the users are not very comfortable using it in the current scenario.
Which Solution To Choose?
After an elaborate discussion, we have arrived at the most crucial part of the article. Here, we will provide the necessary information to help you select the ideal HR solution for your business.
Workday offers a plethora of augmented features for intelligent business solutions. Moreover, it supports high productivity and reduces manual jobs.
Some of the beneficial products of this software to facilitate multiple HR activities are;-
- Workday Core HCM
- Workday Absence
- Workday Recruiting
- Workday Payroll
- Workday Talent
- Workday Advanced Compensation
- Workday Benefits
All these products will be ideal for efficiently handling Payroll, Talent, Recruitment, and Discovering talent. Moreover, the Workday HCM system adapts according to the changing needs. It can bring multiple innovative solutions to the world of HR. Undoubtedly, the detailed datasheet of the workforce will be readily available to the management without additional intervention. The HR manager can keep track of the skills of each team member and the status of every job. Workday also provides People Analytics for better decision-making.
Furthermore, the highly potent software will be more suitable if your company is subject to budget constraints. The customer-centric structure will allow you to enjoy internal processing using sophisticated cloud computing. Moreover, you will not have any storage or maintenance issues.
Workday has a good relationship with SoftLayer for undisclosed processing. It is innovative and works on technology aligned with the present IT trends. This is the reason why so many professionals are showing preference towards this HR software for accomplishing regular HR jobs.
Coming to the other alternative, we had many points in support of choosing PeopleSoft before Workday came into being. The primary point was greater flexibility and end-to-end functionality. However, since PeopleSoft is not an active product today, Workday is surely the most feasible choice for businesses.
Selecting the best HRIS for the enterprise can be challenging if the user is not thorough with the features. Therefore, they have to identify the needs of their organizations depending on the goal. So, they must determine the HR strategy and configurations to choose the ideal HR software.
Workday shows consistency concerning following the present IT trends. Moreover, it does not require the interference of the system administrators. The updates here are generated automatically. As more people are inclined towards automation and modern approaches, Workday is technically better than PeopleSoft. It is also superior to similar other software available in the market.
Furthermore, Workday gives easier access to all ERP data, thus benefiting businesses greatly. It implies that the software is designed specifically to fit the modern requirements of the users. Thus, it is surely the best mean to operate systematically.
Therefore, providing adequate Workday Training for the software specialists is crucial for the expected performance in the long run. With PeopleSoft coming to a halt forever, the users do not have any other choice than Workday to settle everyday HR affairs. It is an advanced platform that resolves all the issues of modern business operations.
You may also like: Key Human Resources Tips for Your Business