As we have moved to virtual briefings, I have increasingly been excerpting short video segments (with permission) as part of my Analyst Cam series.
We are running a series of posts on Workday’s Industries. Yesterday, Tom Peff in Product Marketing kicked it off with their Planning and Analytics across the Service Sector where they focus. Today, Greg Volpe, Solution Marketing Director, drills down into analytical applications in Higher Education. Tomorrow, William Bercik will do the same for Healthcare. In the New Year, we will have a focus on Workday’s transactional capabilities in some of these sectors.
Workday has over 350 customers in this vertical. Greg defines them as ranging from “small community colleges up to large research institutions and institutions with medical facilities”. He identifies some of the challenges the industry faces. Even before COVID, there was a secular decline in student enrollments, especially with foreign students. Most educational institutions also persist with dated technologies. With growing cost pressures, there are moves to shared service models across multiple entities. And the clear need for better profitability analysis.
He does a nice job walking through 9 planning trends in the graph below:
He runs through a case study around faculty and other staff insights and planning at Wake Forest U and Financial Planning at U of Virginia.
Nice overview of the state of the sector and Workday’s coverage in 22 minutes.
