Why HR Is Best In the Cloud


Why Human Resources is Probably Your Best Bet in The Clouds

By Subhadeep Ghose for The Motley Fool Network:

Image representing Workday as depicted in Crun...
Image via CrunchBase

Cloud-based human resources software maker Workday (NYSE: WDAY) has probably never had it so good. Intelligent share pricing, smart marketing strategies, and steady growth potential have prompted the market to catapult the company’s stock price.

And now that the initial euphoria has probably settled down a bit, lets delve into the real reasons as to why people are so gung-ho about a company that has posted net losses consistently and also warned of further losses in the near future.

Well, for a start, let’s find out what makes Workday truly stand out from other cloud-based enterprise software providers, and why it’s turning out to be a potential big-time threat to larger companies such as Oracle (NASDAQ: ORCL) and SAP (NYSE: SAP), as it grabs key customers such as Lenovo, Kimberley-Clark, and Flextronics from the big two. Workday basically develops online software that takes care of functions related to human resources, including payroll, finance, and time management.

But at the same time, it is fast expanding its suite of services, in its efforts to cater to a wider range of customers, even as its software becomes widely accessible from multiple devices including laptops, tablets, and smartphones. These customers are from industries as diverse as health care, technology, retail and financial services, and more importantly, they are a mix of small, medium, and big companies.

That’s eliminating too much dependence on a few customers, which is always a good sign for any company. That’s point number one….

Read the entire post–Why Human Resources is Probably Your Best Bet in The Cloudsat The Motley Fool Network

 

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