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MEDIUM ENTERPRISE ORGANISATIONS CONTINUE TO DRIVE BUSINESS VALUE WITH WORKDAY

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MEDIUM ENTERPRISE ORGANISATIONS CONTINUE TO DRIVE BUSINESS VALUE WITH WORKDAY

Momentum accelerates with leading brands including CustomInk, Patagonia, and WeWork 

Workday, Inc. (NYSE: WDAY), a leader in enterprise cloud applications for finance and human resources, today announced continued momentum with medium enterprise customers. Companies including Aberdeen Asset Management, ALK, Bill Gosling Outsourcing, CustomInk, Ensono, Patagonia, Skandia, TIP Trailer Services, and WeWork have deployed Workday for greater flexibility and data-based insights to drive innovation and business value.

“More and more medium enterprises are adopting Workday given our reputation for having happy customers live on our applications and realising immediate value,” said Doug Robinson, group vice president, medium enterprise, Workday. “With Workday, these organisations are able to quickly deploy our applications to streamline business processes, increase productivity, and reduce risk all in a single system.Experiencing that ROI early on gives customers the confidence that Workday is a technology partner that can support their future growth and long-term success.”

The expanding global community of medium enterprise customers that have quickly deployed and driven business benefits with Workday includes:

  • Aberdeen Asset Management (AAM) is one of the highest-profile global asset managers in the world, with more than $385 billion in assets under management and 2,800 employees in more than 25 countries. Workday Human Capital Management (HCM) provides the company with easy-to-access information and better reporting capabilities, so managers can focus on more strategic initiatives. With Workday, AAM has a scalable HR system that can grow with the company. 
  • ALK, with more than 2,300 employees in 20 countries, is a global leader in allergy immuno therapy. With Workday HCM, ALK’s business leaders and managers are able to make critical data-driven decisions with real-time reporting and increased visibility into its workforce and performance. Workday also provides ALK with the flexibility to easily adapt and adjust to business change such as growth, acquisition, and reorganisation. 
  • Bill Gosling Outsourcing is a multinational service provider of complete contact center solutions. Since starting with Workday in 2013, the company has grown from 1,200 to 2,000 employees while its HR and finance teams have remained the same size. Workday Financial Management and Workday HCM have enabled Bill Gosling to reduce paper costs by 25 percent, staffing costs – related to procurement and treasury – by 50 percent, and overall time-to-close by 30 percent. 
  • CustomInk, an online retailer that makes custom apparel such as t-shirts and sweatshirts, has grown from roughly 100 to 1,700 employees. With Workday Financial Management and Workday HCM, CustomInk has eliminated 1,000 paper invoices through automation, and streamlined accounts payable and payroll processes to decrease total throughput time from three days to one hour.
  • Ensono, with 700 employees around the world, delivers complete hybrid IT services and governance, from cloud to mainframe, tailored to each client’s journey. As a newly independent business entity, Ensono has saved roughly $1 million in maintenance costs in just one year after deploying Workday Financial Management and Workday HCM.
  • Patagonia, an outdoor apparel company, is dedicated to a mission of building the best product, causing no unnecessary harm to the environment, and using business to inspire and implement solutions to the environmental crisis. With Workday, Patagonia is breaking down information and communication silos across its workforce, and can better align hiring practices to its business strategy through a unified HCM and recruiting system.
  • Skandia, one of Sweden’s largest independent, customer-owned banking and insurance groups, has more than 2,000 employees in Sweden, Denmark, and Lithuania. Workday HCM enables Skandia to improve the employee and manager experience – putting relevant information at their fingertips so they can perform various HR tasks and processes online. Managers are equipped with real-time data and dashboards regarding workforce structure, and Skandia has improved its capability to meet the requirements of the General Data Protection Regulation (GDPR)
  • TIP Trailer Services, with over 1,700 employees operating in 17 countries, provides trailer leasing, rental, maintenance and repair, and other value-added solutions to transportation and logistics customers across Europe and Canada. With Workday HCM and Recruiting, TIP managers have greater visibility into the critical workforce data they need for sound decision-making and the flexibility that enables the company to keep pace with evolving business needs. 
  • WeWork, with more than 145 locations across 15 countries, provides the space, services, and community to “help people make a life, not just a living.” Workday Financial Management and Workday HCM provide WeWork with the real-time data it needs to close the books in a timely manner and make clear business decisions that will drive hyper-growth and enable expansion into new markets.

With Workday, medium enterprise customers are able to:

  • Rapidly adjust to changing requirements and business growth with Workday’s agile and scalable technology foundation.
  • Leverage Workday’s “Power of One” – one version of software, one security model, one user experience, one architecture,  and one customer community – which means all customers benefit from continuous innovation delivered in the cloud.
  • Drive better and faster business decisions with real-time insights into performance across the entire business and contextual analytics tied to transactional data.
  • Streamline operations and standardise business processes to increase efficiency, speed of delivery, and consistency of experience.
  • Easily access information and perform tasks on-the-go from a mobile device with Workday’s engaging, consumer-grade user experience.
  • Proactively protect the organisation against risk and fraud with Workday’s built-in control processes and always-on auditing. 

Additional comments on the news

“WeWork has experienced tremendous ROI with Workday since deployment,” said Mike Hite, director of finance technology, WeWork. “As a rapidly growing company, we require technology that is capable of driving change in a dynamic business environment, and Workday has given us the flexibility to close the books on time, the insights to make faster, smarter decisions, and even more confidence to evolve and enact change for the betterment of the business.”

“With Workday, we were able to streamline every single business process across finance and HR – from payroll to accounts payable,” said Kaylan McDuff, assistant controller of subsidiaries, CustomInk. “Workday offered everything we were looking for in one unified system. The technology supported us through two complex acquisitions, and we expect it to scale with the business as we continue to grow.”

“Workday is well-positioned to meet the financial management and human capital management needs of midsize organisations with its continuous focus on innovation and solutions that are easy to use, deploy, and manage,” said Sanjeev Aggarwal, founder and partner, SMB Group. “Workday offers midsize businesses robust, cost-effective deployment options, eliminating the need for complex infrastructure provisioning and disruptive upgrade processes. This enables Workday’s midsized customers to get up and running in a short timeframe to achieve faster time to value and ROI.”

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Exclusive: China’s Huawei, reeling from U.S. sanctions, plans foray into EVs – sources

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Exclusive: China's Huawei, reeling from U.S. sanctions, plans foray into EVs - sources 1

By Julie Zhu and Yilei Sun

HONG KONG/BEIJING (Reuters) – China’s Huawei plans to make electric vehicles under its own brand and could launch some models this year, four sources said, as the world’s largest telecommunications equipment maker, battered by U.S. sanctions, explores a strategic shift.

Huawei Technologies Co Ltd is in talks with state-owned Changan Automobile and other automakers to use their car plants to make its electric vehicles (EVs), according to two of the people familiar with the matter.

Huawei is also in discussions with Beijing-backed BAIC Group’s BluePark New Energy Technology to manufacture its EVs, said one of the two and a separate person with direct knowledge of the matter.

The plan heralds a potentially major shift in direction for Huawei after nearly two-years of U.S. sanctions that have cut its access to key supply chains, forcing it to sell a part of its smartphone business to keep the brand alive.

Huawei was placed on a trade blacklist by the Trump administration over national security concerns. Many industry executives see little chance that blocks on the sale of billions of dollars of U.S. technology and chips to the Chinese company, which has denied wrongdoing, will be reversed by his successor.

A Huawei spokesman denied the company plans to design EVs or produce Huawei branded vehicles.

“Huawei is not a car manufacturer. However through ICT (information and communications technology), we aim to be a digital car-oriented and new-added components provider, enabling car OEMs (original equipment manufacturers) to build better vehicles.”

Huawei has started internally designing the EVs and approaching suppliers at home, with the aim of officially launching the project as early as this year, three of the sources said.

Richard Yu, head of Huawei’s consumer business group who led the company to become one of the world’s largest smartphone makers, will shift his focus to EVs, said one source. The EVs will target a mass-market segment, another source said.

All the sources declined to be named as the discussions are private.

Chongqing-based Changan, which is making cars with Ford Motor Co, declined to comment. BAIC BluePark did not respond to repeated requests for comment.

Shares of Changan’s main listed company Chongqing Changan Automobile rose 8% after Reuters reported the discussions. BluePark’s shares jumped by their maximum 10% daily limit.

GROWING EV MARKET

Chinese technology firms have been stepping up their focus on EVs in the world’s biggest market for such vehicles, as Beijing heavily promotes greener vehicles as a means of reducing chronic air pollution.

Sales of new energy vehicles (NEVs), including pure battery electric vehicles as well as plug-in hybrid and hydrogen fuel cell vehicles, are expected to make up 20% of China’s overall annual auto sales by 2025.

Industry forecasts put China’s NEV sales at 1.8 million units this year, up from about 1.3 million in 2020.

Huawei’s ambitious plans to make its own cars will see it join a raft of Asian tech companies that have made similar announcements in recent months, including Baidu Inc and Foxconn.

“The novel and complicated U.S. restrictions on semiconductors to Huawei have slowly been strangling the company,” said Dan Wang, a technology analyst with research firm Gavekal Dragonomics.

“So it makes sense that the company is pivoting to less chip-intensive industries in order to maintain operations.”

In the United States, Amazon.com Inc and Alphabet Inc are also developing auto-related technology or investing in smart-car startups.

Huawei has been developing a swathe of technologies for EVs for years including in-car software systems, sensors for automobiles and 5G communications hardware.

The company has also formed partnerships with automakers such as Daimler AG, General Motors Co and SAIC Motor to jointly develop smart auto technologies.

It has accelerated hiring of engineers for auto-related technologies since 2018.

Huawei was awarded at least four patents related to EVs this week, including methods for charging between electric vehicles and for checking battery health, according to official Chinese patent records.

Huawei’s push into the EV market is currently separate from a joint smart vehicle company it co-founded along with Changan and EV battery maker CATL in November, two of the sources said.

(Reporting by Julie Zhu in Hong Kong and Yilei Sun in Beijing; additional reporting by David Kirton in Shenzhen; Editing by Sumeet Chatterjee and Richard Pullin)

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Facebook switches news back on in Australia, signs content deals

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Facebook switches news back on in Australia, signs content deals 2

By Renju Jose and Jonathan Barrett

SYDNEY (Reuters) – Facebook Inc ended a one-week blackout of Australian news on its popular social media site on Friday and announced preliminary commercial agreements with three small local publishers.

The moves reflected easing tensions between the U.S. company and the Australian government, a day after the country’s parliament passed a law forcing it and Alphabet Inc’s Google to pay local media companies for using content on their platforms.

The new law makes Australia the first nation where a government arbitrator can set the price Facebook and Google pay domestic media to show their content if private negotiations fail. Canada and other countries have shown interest in replicating Australia’s reforms.

“Global tech giants, they are changing the world but we can’t let them run the world,” Australian Prime Minister Scott Morrison said on Friday, adding that Big Tech must be accountable to sovereign governments.

Facebook, whose 8-day ban on Australian media captured global attention, said it had signed partnership agreements with Schwartz Media, Solstice Media and Private Media. The trio own a mix of publications, including weekly newspapers, online magazines and specialist periodicals.

Facebook did not disclose the financial details of the agreements, which will become effective within 60 days if a full deal is signed.

“These agreements will bring a new slate of premium journalism, including some previously paywalled content, to Facebook,” the social media company said in a statement.

The non-binding agreements allay some fears that small Australian publishers would be left out of revenue-sharing deals with Facebook and Google.

“It’s never been more important than it is now to have a plurality of voices in the Australian press,” said Schwartz Media Chief Executive Rebecca Costello.

Facebook on Tuesday struck a similar agreement with Seven West Media, which owns a free-to-air television network and the main metropolitian newspaper in the city of Perth.

The Australian Broadcasting Corp has said it was also in talks with Facebook.

Google Australia managing director Mel Silva said in a statement published on Friday the company had found a “constructive path to support journalism”.

She thanked Australian users of the search engine for “bearing with us while we’ve sent you messages about this issue”.

Facebook and Google threatened for months to pull core services from Australia if the media laws, which some industry players claim are more about propping up ailing local media, took effect.

While Google struck deals with several publishers including News Corp as the legislation made its way through parliament, Facebook took the more drastic step of blocking all news content in Australia.

That stance led to amendments to the laws, including giving the government the power to exempt Facebook or Google from mandatory arbitration, and Facebook on Friday began restoring the Australian news sites.

(Reporting by Renju Jose and Jonathan Barrett; Editing by Richard Pullin and Jane Wardell)

 

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China’s factory activity growth likely moderated during February holiday lull – Reuters poll

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China's factory activity growth likely moderated during February holiday lull - Reuters poll 3

BEIJING (Reuters) – China’s factory activity likely grew at a slightly slower rate in February as factories closed for the Lunar New Year holiday, a Reuters poll showed, although growth is expected to remain firm, buoyed by an early resumption of production.

The official manufacturing Purchasing Manager’s Index (PMI) is expected to dip marginally to 51.1 in February from 51.3 in January, according to the median forecast of 20 economists polled by Reuters. A reading above 50 indicates an expansion in activity on a monthly basis.

Chinese factories typically scale back operations or close for lengthy periods around the Lunar New Year holiday, which fell in the middle of February this year.

However, the resurgence of COVID-19 cases in the winter had prompted local governments and companies to dissuade workers from travelling back to their hometowns, giving a boost to the earlier-than-usual resumption of production at many factories, analysts say.

“Although government COVID-19 prevention measures may constrain some manufacturing activities in the near-term, the fact that a majority of migrant workers stayed in their workplace cities for the holiday should facilitate an earlier resumption of business activity following the holiday this year,” said analysts at Nomura in a note to client on Thursday.

Wang Zhishen, a migrant worker from Gansu, told Reuters that his factory, a manufacturer of logistics boxes in the manufacturing hub of Dongguan, only closed for three days during the holiday, thanks to overwhelming businesses. Lured by the 1,500-yuan cash subsidy his factory offered, he chose to work through the holiday.

The Chinese economy has largely shaken off the gloom from the COVID-19 health crisis, with consumers opening up their wallets after months of hesitation. Growth is now set to rebound sharply this quarter, also helped by the low base effect of a year ago.

The country has successfully curbed the domestic transmission of the COVID-19 virus in northern China, with the national health authority reporting zero new local cases for the 11th straight day. Cities that were on lockdown have since vowed to push for a work resumption at full speed.

The official PMI, which largely focuses on big and state-owned firms, and its sister survey on the services sector, will both be released on Sunday.

The private Caixin manufacturing PMI will be published on Monday. Analysts expect the headline reading will dip slightly to 51.4 from 51.5 in January.

(Reporting by Stella Qiu and Ryan Woo; Editing by Sam Holmes)

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