We’re delighted to announce that Workday has been recognized as a Leader in the 2019 Gartner Magic Quadrant for Cloud Core Financial Management Suites for Midsize, Large, and Global Enterprises based on our ability to execute and completeness of vision. This is the third year in a row we’ve received this recognition from Gartner.
We believe that for Workday to achieve this recognition year after year reflects our ability to deliver new functionality and continuously innovate, which helps our customers better manage risk, identify new opportunities, and keep pace with change.
Perhaps more importantly, we believe it demonstrates Workday’s ability to execute on our vision to successfully deploy Workday Financial Management to customers across the globe.
Our world today is awash with change and disruption, and finance teams are increasingly expected to be more strategic and guide the business. To transform threats into opportunities, businesses need to be agile and have actionable data and insights to make fast, accurate decisions.
As a business we talk a lot about the importance of the feedback we receive from our customers and how we use that to enhance our financial management product. Customers tell us they want to simplify auditing and compliance, consolidate and close their books faster, and model, plan, and prepare for different scenarios that may or may not happen in the future. We are building a financial management system with a technology foundation that supports all of this and more.
In addition, disruptive technologies like machine learning and augmented analytics will transform the way finance operates, by automating mundane tasks to free up workers to be more strategic. That’s why at Workday we are continually innovating and leveraging these technologies to enhance our cloud-based financial system. We understand the importance of building products that meet the needs of future finance teams while also helping our customers execute today.
And, with Workday Prism Analytics, Workday Benchmarking, and the 2018 acquisition of Adaptive Insights, a leading cloud-based company for modernizing business planning, Workday customers are equipped to better plan, execute, and analyze across the enterprise all in one system.