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March 13, 2012

Guggenheim Boosts Efficiency with New Management Services



Workday Inc. announced that Guggenheim Partners LLC has deployed Workday Financial Management and Human Capital Management.

Workday is a provider of enterprise-class, Software-as-a-Service (SaaS (News - Alert)) solutions for managing global businesses, combining a lower cost of ownership with an innovative approach to business applications. 

Workday Financial Management simplifies Guggenheim’s general ledger, with increased richness in multi-dimensional reports and inherent configurable and transparent workflows to adapt to legal and regulatory changes. It also provides governance and auditing capabilities.

Workday Human Capital Management is a modern, intuitive and unified HR and talent management solution built on a global core and designed to adapt with businesses as their needs and requirements evolve.

With unified system with actionable analytics, Workday Human Capital Management (HCM) and Financial Management give Guggenheim financial insight into its workforce: the work performed, the cost and value of that work, and analytics to support decisions about the hiring, deployment and cost of talent.

 Workday's SaaS-based infrastructure provides Guggenheim with modern object-oriented technology foundation that will serve the firm's business needs without software customization.

SaaS is a new software delivery model that allows companies to benefit from enterprise class software without the burden of supporting traditional ERP solutions. With Workday, customers see several advantages from the SaaS delivery model.

 Innovations are provided by Workday to all customers three times a year, which eliminates the requirement of upgrades-and-maintenance cycle of onsite software.

"Guggenheim Partners is an impressive firm on a brilliant growth streak," stated Dave Duffield, Workday co-CEO and co-founder. "We are delighted Guggenheim recognized Workday as the provider that will best support its continued expansion, and is already seeing the benefits of that decision."




Edited by Braden Becker
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