
Categories
WORKDAY
Cost of Ownership
Cost Structure for Workday:
License/Subscription Cost |
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Maintenance Cost | Based on the service hours of support purchased |
Installation/Implementation Cost |
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Customization Cost | Will vary depending on the type of functionalities opted as add-on |
Data Migration Cost/Change Management/Upfront Switching Cost | Includes the cost to switch from the existing product to Workday. The enterprise will need to invest in change management |
Training Cost | It will vary depending on the training option selected, whether it is classroom and virtual training, onsite training, on-demand training |
Recurring/Renewal Costs |
These are the renewal costs, but sometimes can also include recurring costs for integration tools or other add-on technologies not included in the base package Typical calculations:
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Pricing Details
Product Name | Description | Price/Details |
Annual Subscription Cost | Includes annual support, maintenance and upgrade cost | $400 - $800K |
Deployment Options | What options are available for product deployment? |
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Pricing Model | What is the pricing model? | Subscription-based |
Minimum Commitment | Yes, 3-years commitment is required | |
Custom Quote | Is there an option of requesting custom quote? | Available |
Free Trial | Does the vendor provide a free trial option? | No |
Product Limitations
Some of the product limitations include:
- Workday is a SaaS based product with no offline capabilities. This may impede customers’ ability to access data when there is poor internet connectivity
- Private cloud HR software deployments are not supported
- Does not support Learning Management System (LMS) which is an integral part of employee engagement and performance management
- Lacks CRM capability, however it does offer CRM integration with Salesforce
- Provides limited scope for customization
Competitors
SAP SuccessFactors
BambooHR
UltiPro