Workday Sees Continued Momentum Across Retail Industry, Empowering Global Organizations to Adapt to Evolving Business, Employee, and Consumer Needs
More than 50% of the Retail Organizations in the Fortune 500 Are Using Workday to Help Accelerate Digital Transformation Efforts
Workday Introduces New AI/ML-based Demand Forecasting to Help Retailers Drive More Accurate, Cost-Effective Schedules and Further Elevate the Frontline Worker Experience
NEW YORK, Jan. 16, 2023 /PRNewswire/ -- NRF 2023 (Booth #5957) -- Workday, Inc. (NASDAQ: WDAY), a leader in enterprise cloud applications for finance and human resources, today announced continued momentum within the retail industry, with more than 50% of the retail organizations in the Fortune 500 having selected Workday. As part of this momentum, an increasing number of global retail organizations selected Workday Financial Management in the past year – including Dave & Buster's, Inc., Express LLC, EZCORP, Inc., and more – to help drive deeper financial insight and organizational flexibility and to support future growth.
Retailers continue to face significant challenges in adapting to changing consumer and employee behaviors; attracting, supporting, and retaining a skilled frontline workforce; and having real time visibility into their financial, people, and operational data. To keep pace and help accelerate digital transformation efforts, global retail organizations of all sizes, including Electrolux, KBP Brands, PVH Corp., RaceTrac, Team Car Care, and more are leveraging Workday.
Continued Innovations in Workforce Management
Retailers need the tools and technology to quickly adapt and respond to fluctuating labor demand, evolving customer expectations, and a transient labor force, which includes contingent workers. With VNDLY, Workday provides organizations with a comprehensive solution that helps manage and source contingent and outsourced workers, helping to ensure they have the right workers in the right place at the right time.
Accelerating Digital Transformation for Global Retail Organizations
Leveraging the intelligent data core from Workday, retailers can combine various data sources – merchandising, procurement inventory and invoices, point of sale (POS), supply chain systems, transportation, and more – with financial and people data to help their business leaders drive transformation through operational insights.
With Workday, retail organizations can:
Early adopters of the demand forecasting functionality in Workday Scheduling and Labor Optimization are expected to begin deployments in the first half of 2023.
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View original content:https://www.prnewswire.co.uk/news-releases/workday-sees-continued-momentum-across-retail-industry-empowering-global-organizations-to-adapt-to-evolving-business-employee-and-consumer-needs-301722065.html
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