There are hundreds of vendors that are at a war for the piece of HR and Finance software market. Out of all those big and small companies competing in the market, there is a tooth and nail fight between PeopleSoft and Workday to capture the future market. The epic battle between them is to capture the market share value and upgrade the features to the best. Nevertheless, of their competition, the marginal gap in their market share is, with Workday capturing 8.97 percent and PeopleSoft at 8.5 percent.
Either one of them is a strong choice with a loyal customer base and brings a lot of effectiveness into the system when you opt for them. Both of them provides solid and global end to end HR, and Finance solutions. The objective behind designing the (PeopleSoft and Workday) software is to standardize the business process and also to enhance the organisational competence.
Let’s delve deep into the specification of both in detail:
Both, PeopleSoft and Workday are defined and determined in developing next-generation enterprise-grade technology in the cloud, which can eliminate the up-front investment and annual maintenance fees that inherent in traditional software implementations.
How Are They Similar to Each Other?
Both of them are strong players in the HR and Finance market. PeopleSoft is basically a product from a global enterprise technology leader, Oracle. Their focus on integrated systems enabled them as one of the most modern and comprehensive providers of business software around the globe. But, any which ways, Workday is also recognized as a thought leader in the industry. Irrespective of the reasons, they are still battling for the larger market share.
The PeopleSoft has planned to migrate to the cloud-based model because of its astounding popularity in the market in the last few years. This has enabled the software to access from any place and any device just with a single click. This software is up to run on the Oracle cloud, which is safe and secure for data compilation. This proprietary change facilitates enormous benefits for Peoplesoft Users. To get into the store Workday is connected with IBM to accelerate their storage and computing efficiency.
Both the companies are planning to incorporate machine learning and AI to make their software work better and faster.
How Are They Different From Each Other?
Let’s examine how they are different from each other.
Deployment & updates
Deployment Options-is one of the basic differences between PeopleSoft and Workday. Workday is mostly structured with cloud deployment, which facilitates every user with the latest version, as the functionality upgrades are done automatically. Another great perk of Workday is-it has invested in software partnerships to expand their native integration offerings, which can hook their services to Slack, Salesforce, and many other necessary business tools.
PeopleSoft also provides cloud deployment but it has to be purchased in an on-premise and private cloud implementation. Although Peoplesoft releases the updates regularly, the users have to choose the updates they prefer to run; it doesn’t happen automatically. This selective model enables users to control and maintain their updates.
It is always better to assess the availability of IT and support from the company you are opting for the deployment.
The CRM Difference
The CRM PeopleSoft is offering is basically Oracle built, it is intrinsically intertwined with the other management applications of PeopleSoft. It can also be customised to fit into the sales, marketing or service sectors based on the clients’ requirements. Business Process Management solutions are also available within this CRM, which enables users to set up orders, workflows and automate the processes with ease.
Workday is not offering any native CRM application for now. But, they’ve made an agreement with the cloud computing leader Salesforce to offer native integrations between the two companies via the Salesforce Service Cloud.
Analytics and Reporting
For the business benefits of the customers, most of the companies along with PeopleSoft and Workday have included the analytics and reporting into their features for the flexibility of the users. But, both the companies have a different approach to this. PeopleSoft has incorporated this feature into each of its tools, enabling users with analytical data. PeopleSoft access is limited to internal data accessibility. On the other hand, Workday Analytics tool provides access to outside data sources and build the analytic reports within Workday. This is one of the elevating features of the software.
User Interface is the area where Workday is at its best with intuitive design. It is built on modern architecture and is also equipped with a consumer UI that is built for the web. Workday has strived hard to enable a single experience across mobile, tablets, and desktop views, to its users. The User Interface is developed to adapt the latest designs without the user touching the core functionality.
The Fluid User Interface was introduced by PeopleSoft. The adaption from a desktop app to the responsive mobile ready environment is a bit challenging, but PeopleSoft overcame it by training the users with the new UI. However, this change was necessary, which made PeopleSoft as a thought leader in the niche of cloud-based software.
Both PeopleSoft and Workday are at their best in providing the best-featured software to their customers. It depends on the business requirement and the vertical (HR or Finance) you want to adapt the software to, helps you in deciding on the best one.
But, still, if you are in a state of impasse on deciding the software, worry never, our top-notch industry experts from Kastech will help you out.
Kastech is an end to end business intelligence service provider, with its footprints into Peoplesoft and Workday from a while. We help our clients to embrace and integrate the latest technologies, which help to empower their business.
Interested in scoping a project or learning more about Kastech solutions and services? Contact Us Now!