According to Bill Kutik, technology columnist for Human Resource Executive magazine:
“Forward-thinking CIOs and HR people fully understand the benefits of SaaS and it’s just a matter of if they will bite the bullet on the 10, 20, 30, 40 million dollars they’ve invested over the years in their on-premise systems. I personally believe that SaaS is the next generation of computing, just as client/server replaced mainframe and Web-based apps replaced client/servers.“
Be sure to check out his posts here.
According to PWC, only 4 percent of HR departments are on the latest release of their HR platforms, which is why “New Tech Tools” is listed as one of the 10 Trends Driving the Mandate for Modern HCM. According to Workday’s website, the primary reasons customers choose their cloud applications for human resources and finance are that it is proven, simpler, faster, smarter, reliable and secure. But as my friends at Appirio point out in their whitepaper on Cloud-Based HCM, new human capital management (HCM) applications require new thinking from the HR and IT organization:
“Next generation cloud-based HCM applications have the potential to provide never-before-imagined benefits that can maximize business results. However, HR and IT teams cannot approach them as they did systems of the past.“
Just as modern HCM requires modern solutions and a new mindset and set of relationships between departments, the social, mobile, analytics (big data) and cloud integration challenges you’ll face when you embark on a cloud-based HCM journey will also require new thinking when it comes to an old problem: data and application integration. When customers choose SnapLogic’s Elastic Integration Platform to connect the Workday solutions, as well as other cloud-based HCM applications, with other cloud and on-premises applications, not to mention databases and big data platforms, the primary reasons are:
Whether your company’s use case is new employee on-boarding to increase efficiency; to increase effectiveness of incentive and sales compensation; or talent analytics from multiple sources to increase employee retention, SnapLogic’s iPaaS, with 160+ prebuilt Snaps, can accelerate the implementation and overall user adoption of a cloud-based HCM solution with single platform for data, application and API integration. Here’s a brief demonstration of SnapLogic connecting Workday with multiple applications and data sources in a single flow, called a Pipeline: