Tidemark and Workday Enable Organizations to Align Business Planning, Execution, and Analysis in the Cloud

LAS VEGAS--(BUSINESS WIRE)--WORKDAY RISING -- Today, at Workday Rising 2011, Tidemark, the next generation of Enterprise Performance Management, and Workday, the leader in SaaS-based enterprise solutions for global human resources, payroll, and financial management, announced a partnership to provide Workday customers with powerful, SaaS-based planning, budgeting and forecasting capability.

“Workday is a clear leader in providing enterprise applications, having built and delivered the critical system of record for managing modern business. Workday’s powerful technology, its early commitment to SaaS, and its deep expertise in HCM and financials have driven the company’s success with large enterprises”

The Workday-Tidemark partnership will provide customers with a modern, cloud-based enterprise business management solution that seamlessly links planning, execution, and analysis. This integration, delivered via the Workday Integration Cloud, a proven set of tools to build, deploy, run, and manage custom integrations to and from Workday, will provide companies with a new level insight into their company’s financial health, with the ability to address critical financial, operational and workforce planning challenges via a unified, end-to-end solution.

“Workday is a clear leader in providing enterprise applications, having built and delivered the critical system of record for managing modern business. Workday’s powerful technology, its early commitment to SaaS, and its deep expertise in HCM and financials have driven the company’s success with large enterprises,” said Christian Gheorghe, Founder and CEO at Tidemark. “Through our partnership with Workday, organizations can solve key business management challenges for the first time by aligning their strategic performance management activities with the next-generation enterprise system of record to close the loop between strategy and execution.”

“Our customers have sent us a clear message that planning, budgeting and forecasting is a key need and traditional approaches are a non-starter. The only viable approach is to create a fully integrated SaaS solution that is equally adept at working with business, financial and workforce data and that embodies the collaborative and fluid nature of today’s planning process,” said Mark Nittler, vice president, applications strategy at Workday. “Like Workday, Tidemark has no legacy baggage, which is the only way to take advantage of today’s technology opportunities and support today’s evolved business requirements. This relationship will provide significant benefit to our customers, especially those in serviced-based industries, like public sector and higher education, where budgeting is such a core part of their operations.”

About Workday Rising

Workday Rising 2011 is the company's fifth annual gathering of Workday customers, partner sponsors, prospective customers, and employees coming together to learn, collaborate, and network. It is Workday's largest customer event of the year, with overwhelming support from Workday's customer base of more than 230 companies.

About Workday

Workday is the leader in enterprise-class, software-as-a-service (SaaS) solutions for managing global businesses, combining a lower cost of ownership with an innovative approach to business applications. Founded by PeopleSoft veterans Dave Duffield and Aneel Bhusri, Workday delivers unified Human Capital Management, Payroll, and Financial Management solutions designed for today’s organizations and the way people work. Delivered in the cloud leveraging a modern technology platform, Workday offers a fresh alternative to legacy ERP. More than 230 customers, spanning mid-sized organizations to Fortune 500 businesses, have selected Workday. Visit us at www.workday.com.

About Tidemark

Tidemark is a Redwood City based startup funded by Greylock Partners, Andreessen Horowitz, and Dave Duffield and founded by veterans of the business analytics industry. Tidemark offers a set of next-generation enterprise performance management applications on an unified application platform built for the cloud. Tidemark is developing its applications in partnership with multiple Fortune 1000 companies. To learn more about Tidemark, please visit www.tidemark.net.

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