PeopleSoft vs Workday | Comparion of HR Softwares - MindMajix (2022)

PeopleSoft vs Workday - Which One is Better?

In this Blog, You will Learn this Topics
  • What Is PeopleSoft?
  • What is Workday?
  • Why PeopleSoft?
  • Why Workday?
  • What is Human Capital Management (HCM)?
  • PeopleSoft Vs. Workday: PROs
  • PeopleSoft Vs. Workday: CONs
  • Common Features of PeopleSoft and Workday
  • Benefits of Workday
  • Benefits of PeopleSoft
  • Market Share

What Is PeopleSoft?

PeopleSoft is a set of applications that organizations from large to mid-sized integrate as a workforce management solution. The Oracle software product line owns PeopleSoft software. This was originally designed for human resources support and finance, but later on, it went on to inculcate more tools and applications for general business operations.

Uses of PeopleSoft include different management aspects like materials, communications, and payroll management. PeopleSoft software applications are magnificently used to manage human resources through human resources management systems( HRMS), customer relationships through customer relationship management systems (CRM), financial and supply chains through financial and supply chain management systems(FSCM), and enterprise performance through enterprise performance management systems(EPM).

PeopleSoft vs Workday | Comparion of HR Softwares - MindMajix (1)

What is Workday?

Workday is cloud-based application software, typically designed and developed to manage enterprise human capital management, resource planning, and financial management applications. Because of its multiple features, every organization, despite its size, uses Workday for the business. Human Capital Management refers to the functions included in Human Resources management like developing, recruiting, and automating human resources.
As there are different functionalities and operations to work on in multiple departments, the teams rely on Workday software to enhance the organization's performance and development. So, Workday has mostly been used in planning and implementation work strategies for running a business successfully. Depending on the type of organization, the best suitable tool is selected. For instance, if it is a Human Resources related organization, the Workday tool that best suits is Human capital management and Resource planning.

PeopleSoft vs Workday | Comparion of HR Softwares - MindMajix (2)

If you want to enrich your career and become a professional in Workday, then enroll in "Workday Training" - This course will help you to achieve excellence in this domain.

Why PeopleSoft?

PeopleSoft system is worth the investment as it immediately transforms digital technology's power to operations. By reducing overhead installations, users can save almost 30-70% on their data center costs. PeopleSoft is a leading growth strategy among today's businesses because of its digital transformation.

PeopleSoft vs Workday | Comparion of HR Softwares - MindMajix (3)

Read these Related PeopleSoft FSCM Interview Questions that helps you in cracking your interview & acquire a dream career.

Why Workday?

In the year 2014, a customized reporting tool of Workday was released. It provided various multidimensional analyses such as operational, financial, and reporting analyses specifically designed for large enterprises. The same year, Workday recruiting was released by the vendor. Later, the applications launched in 2016 allowed workday users to apply machine learning and predictive analysis to financial data and workday HCM. This workday planning, budgeting, and forecasting helps in unifying the HR Financial planning and analytics according to the vendor.

(Video) Lessons from a Workday HCM Failure [HR Technology Implementation Case Study]

In the same year, i.e.,2016 the IBM cloud was adopted for software testing and development. Workday works on a single cloud-based database for both HCM and financials to provide a better ERP System. The other components of HCM such as finance and talent management are also added to its suite. Later on, various versions were released for specialized markets such as higher education and for the government institutions as well.

PeopleSoft vs Workday | Comparion of HR Softwares - MindMajix (4)

Read these Workday Interview Questions that will help you ace the interview.

What is Human Capital Management (HCM)?

Human capital management (HCM) is the set of rules every organization uses for optimizing, developing, managing, and recruiting employees to improve the company's performance. HCM helps in carrying out the significant operations of an organization, i.e., its people. The HCM platform includes all the activities right from hiring an employee to retaining them.

It is also used in managing all the HR activities like Human Capital Management, Financial management, planning, performance management, etc. HCM is best suitable for almost all kinds of businesses and companies with multiple locations and is a one-stop solution for on boarding, recruiting, benefits, time off and analytics, compensation benchmarking, etc. HCM provides a user-friendly platform with global system software offering the latest version to the customers on the browser and the mobile as well.

PeopleSoft vs Workday | Comparion of HR Softwares - MindMajix (5)

PeopleSoft vs Workday | Comparion of HR Softwares - MindMajix (6)

PeopleSoft Vs. Workday: PROs

People SoftWorkday

1. Good interface

2. Frequent updates of the solution

3. It is a customizable product customized according to one's needs.

4. It can be used to configure the Chart of Accounts for all performance insights.

5. It offers great help for its users to deal with their supply chain.

(Video) PeopleSoft vs. Oracle HCM Cloud Functional Comparison

6. The solution derived is easy to scale and expand.

1. Ease of reporting

2. Enables a person to take action on their own.

3. It allows to automate or set up the tool and the integration with the provider.

4. It does not offer backend database access.

5. Granting security rights and roles is easy, which benefits the administrator.

6. The reporting feature is easy to use and can be accessed even by a layman.

PeopleSoft vs Workday | Comparion of HR Softwares - MindMajix (7)

PeopleSoft Vs. Workday: CONs

People SoftWorkday

1. Comparatively, PeopleSoft is less expensive.

2. Not much flexible with the configuration.

3. Comparatively complex with the initial setup.

4. Response time is high.

(Video) PeopleSoft HR HelpDesk

5. With low scalability, performance and resilience are poor.

6. Infrastructure is not stable.

1. It is very expensive.

2. The security console and user experience are not so good.

3. The interface is not interactive.

4. It does not provide a Troubleshooting Guide to deal with troubleshooting issues.

5. Implementation is not smoother as expected.

6. It is not easy to solve the technical issues like the correct information of the database is not provided.

Common Features of PeopleSoft and Workday:

Functionality:

The functionality of Workday for the manager and employee self-service is robust as it involves mobile applications. Workday provides high compatibility for companies having remote workers or frequently traveling employees. Global payroll functionality also adds to its advantages.
PeopleSoft provides services globally to multinational companies. With its global payroll function, it becomes easy for the companies to deliver their operations across the globe.

Deployment:

As Workday provides a cloud-based solution, implementation can take a few months rather than years. It also provides the latest version to the users since the functionalities are automatically upgraded. Ownership cost is very low. PeopleSoft delivers cloud-based deployment. It also provides an application that permits businesses to modify their system as per the specific requirements of the industry. Though this modification gives several installation options, it increases the complexity level as well. This changing, updating, or eradicating the earlier systems could be an expensive procedure for the companies.

Support:

Both Workday and PeopleSoft are used by the customers to search for a solution and get the documentation through online web gateways. A Workday is a software as well as a service product providing continuous support to its users by automatically updating mostly two times in a year, whereas in PeopleSoft, updates depend on their IT departments to manage and apply patches.

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(Video) What is Workday HCM /Workday HCM Core Concepts

Benefits of Workday:

  • Workday is a single version tool used to meet various business requirements. Based on the requirement, pt can also be integrated with a large number of business systems and applications.
  • With Workday, it is easy even for a Layman to complete their tasks as it does not involve any expertise requirement.
  • The customer does not have to face troublesome and complex upgrades while using this software, as updates are automatic.
  • Provides high security and integrity of the organization's data besides providing a secure data center and protection against various security threats.
  • Workday offers a flexible pricing structure.

Benefits of PeopleSoft:

  • PeopleSoft streamlines the process to increase productivity and efficiency and to decrease costs.
  • Various HR operations, including the recruitment and management of employees and workforce requirements, can be managed easily through the PeopleSoft solution.
  • For the global marketplace requirements, the business metrics and strengthening of policies are covered by the cloud-based software. The security system provides data confidentiality and high privacy.
  • The workforce management system manages employee details, thereby saving a lot of time and helping increase employees' productivity.
  • Monitoring Management and Labor rules are offered by PeopleSoft; this improves productivity without affecting the costs of managing the workforce.
  • The talent management feature such as planning, recruiting, learning, and development is provided, and it helps in focusing on the accomplishment of the company's goal and also on career development.

Market Share:

Both Workday and PeopleSoft are capable of providing HCM (Human Capital Management) and various services that deliver a complete solution. Presently, Workday's Human resource management system shares more than ten percent(10%) of the market's share. PeopleSoft is being used by more than six thousand(60000) customers as it is a verified technology. PeopleSoft provides better solutions for various organizations that include larger customers from different areas such as education, manufacturing, and also for government institutions. Workday also targets educational institution clients targeting smaller and medium-sized clients and even pharmaceutical companies.

PeopleSoft vs Workday | Comparion of HR Softwares - MindMajix (9)

PeopleSoft vs Workday | Comparion of HR Softwares - MindMajix (10)

Conclusion:

The Workday is a well-established platform developed with a vision for the modern workforce and their technology to fit in the latest IT needs and trends. The ERP can be replaced with Workday for HR and finance management. Because of its continuous updates, it became the most preferred choice among different companies. Contrarily, PeopleSoft provides the best solution for the most complex business needs. When it comes to market presence and end-to-end functionality, PeopleSoft provides the best results. But the installation is a very complex procedure. Although PeopleSoft offers many functionalities and on-the-go solutions, many businesses are opting for the Workday software solution. Thus depending on the type of organization and its goals and strategy, one has to carefully decide as to which of this software is best suitable for their business.

About Author

PeopleSoft vs Workday | Comparion of HR Softwares - MindMajix (11)

PeopleSoft vs Workday | Comparion of HR Softwares - MindMajix (12)

(Video) Decoding the difference between HRMS, HRIS and HCM with background

Madhuri Yerukala

Madhuri is a Senior Content Creator at MindMajix. She has written about a range of different topics on various technologies, which include, Splunk, Tensorflow, Selenium, and CEH. She spends most of her time researching on technology, and startups. Connect with her via LinkedIn and Twitter .

FAQs

What is the difference between Workday and PeopleSoft? ›

The biggest difference between Workday and PeopleSoft is how you deploy them. Workday was built for the cloud, but PeopleSoft was built as an on-premise solution that later released a cloud-based version. This is important for two reasons: updates and cost.

Is Workday part of PeopleSoft? ›

Workday was founded by David Duffield, founder and former CEO of ERP company PeopleSoft, along with former PeopleSoft chief strategist Aneel Bhusri, following Oracle's acquisition of PeopleSoft in 2005. Workday, Inc.
...
Workday, Inc.
Workday headquarters in Pleasanton
Websiteworkday.com
Footnotes / references
17 more rows

Why is Workday the best HCM? ›

The Workday HCM suite provides an instinctive, self-service proficiency framework, utilizing which it is easy for businesses to manage, staff, and pay in the global workforce.

What is comparable to Workday? ›

Competitors and Alternatives to Workday Human Capital Management
  • SAP SuccessFactors.
  • Ceridian Dayforce.
  • UKG Pro.
  • Darwinbox.
  • Workforce Now.
  • BambooHR.
  • Oracle Fusion Cloud HCM.
  • PeopleStrong.

Is PeopleSoft end of life? ›

Oracle continues it's commitment to support PeopleSoft for a rolling 10 years, announcing the extension of support to 2032. This ensures PeopleSoft customers continue to have more than a decade of updates to the platform.

What is PeopleSoft now called? ›

The PeopleSoft name and product line are now marketed by Oracle. PeopleSoft.

What is Workday HR system? ›

Workday HCM is a cloud-based human resource management software system that unifies a wide range of HR functionality into a single system. The software provides benefits, talent management, payroll, time tracking, compensation, workforce planning and recruiting.

What type of system is Workday? ›

Workday is an enterprise management cloud solution. Workday is a cloud-native operating system for the business, not legacy architecture ported to the cloud. In an enterprise management cloud solution like Workday, at the center of the architecture is an intelligent data core.

What is similar to PeopleSoft? ›

Top 10 Alternatives to Oracle PeopleSoft
  • Workday HCM.
  • Ceridian Dayforce.
  • UKG Pro.
  • Paylocity.
  • ADP Workforce Now.
  • BambooHR.
  • SAP SuccessFactors.
  • Paychex Flex.

Why are companies switching to Workday? ›

Workday will significantly improve HR and Payroll compliance, reduce risk, provide better data for decision making, and increase efficiencies across the institution.

Is Workday an ERP or HCM? ›

Workday ERP is a true cloud, unified SaaS software system for finance, human capital management (HCM), planning, professional services automation, project management, analytics, and business intelligence. ERP is enterprise resource management, used for business processes and data transformation enterprise-wide.

How is Workday different from Oracle? ›

Oracle HCM Cloud includes embedded social collaboration capabilities for contextually-aware social collaboration that increase employee engagement and improve business performance. Workday doesn't offer any native social collaboration capabilities and must integrate with a third-party social tool – Chatter.

What are the 3 of top HRIS systems? ›

Top 19 HRIS Systems
  • Paycor.
  • Ceridian.
  • Criterion.
  • APS Payroll and HR.
  • isolved.
  • Eddy.
  • Workday.
  • ADP.

Who is ADP's biggest competitor? ›

Top ADP Alternatives
  • Oracle.
  • SAP.
  • UKG.
  • Ceridian.
  • Paycor.
  • Freshworks.
  • ZingHR.
  • Epicor.

Which is better salesforce or workday? ›

Compare company reviews, salaries and ratings to find out if Salesforce or Workday is right for you. Salesforce is most highly rated for Compensation and benefits and Workday is most highly rated for Work/life balance.
...
Overall Rating.
Overall Rating4.44.0
Management3.93.3
Culture4.23.9
3 more rows

What is the future of PeopleSoft? ›

In the future, PeopleSoft could incorporate chatbots, machine learning, recommendations, natural language processing, artificial intelligence, and blockchain.

Is PeopleSoft a legacy system? ›

Searching for a human capital management (HCM) system can be frustrating and intimidating. PeopleSoft is part of Oracle's legacy system and, as powerful and notable as it is in the HCM world, it may not be the right choice for companies who don't need legacy systems.

What is the latest version of PeopleSoft HCM? ›

The first PeopleSoft HRMS (Human Resources Management System) was released in 1988. The Oracle Corporation acquired the software in 2005 and subsequently released PeopleSoft FMS 9.0 and PeopleSoft HCM (Human Capital Management) 9.0 the following year. The most recent version, PeopleSoft 9.2, came out in 2013.

What is PeopleSoft used for in HR? ›

PeopleSoft Human Capital Management (HCM) allows users to execute common HR tasks, such as approving a promotion transaction, managing their team, viewing a pay slip or editing personal information.

Is PeopleSoft an ERP or CRM? ›

PeopleSoft ERP enables what many call “the Real-Time” business model. An on-premise solution that you can host on any Cloud, PeopleSoft is an integrated suite of business applications—CRM, HR, Project Administration, and so on—that assists you in the daily execution and operations of business processes.

Is PeopleSoft better than SAP? ›

Although SAP is a leader in market but on the Human Resource side, it is weaker as compared to PeopleSoft. PeopleSoft is easy to use and learn as compared to SAP. SAP is costlier as compared to PeopleSoft. Even though SAP provides more functionality but is not easy to use, flexible and cheap as compared to PeopleSoft.

Is Workday an HRM tool? ›

Workday is a cloud-based human resources management (HRM) system that can provide broad HR functionality across the entire employee lifecycle.

Is Workday a Microsoft product? ›

We're proud to share that we're expanding our collaboration with Microsoft through a new Microsoft Viva Connections integration that will be available later this year.

Is Workday owned by Salesforce? ›

Accenture Completes Acquisition of Workday, Salesforce and U.S. MuleSoft Practices of Sierra-Cedar.

Why is Workday not an ERP? ›

From a functional point of view, one can immediately see that Workday does not have an ERP solution, simply because they lack distribution, manufacturing, and most supply chain functionality—like transportation management and warehouse management.

Is Workday software good? ›

Workday is touted as one of the best HR systems in the world as it helps in raising HR and payroll compliance and boosting efficiency all over different organizations.

Why is Workday different? ›

Unlike ERP systems with disparate applications, Workday brings best-in-class finance and HR applications into one powerful system. And with an intelligent data core that seamlessly connects your financial and people data, you have the insights and agility to make the right moves, and make them with confidence.

What are the tools in Peoplesoft? ›

Application Designer
  • Field Definition.
  • Record Definition.
  • PeopleCode.
  • Page definition.
  • Page Group (component) definition.
  • Menu Definition.
  • Business Process design (workflow)
  • Project definition.

Why is Workday the best? ›

Bottom Line: Workday gives HR professionals the tools and insights they need to better manage and support their workforce through reports and analytics, time tracking, performance management, and recruiting. Rating image, 4.00 out of 5 stars.

How difficult is Workday? ›

Workday is very user-friendly, easy to use and learn, and can meet the customer's need efficiently compared to other HCM collections. It is utilized in most organizations to manage their workforce performance, aims, and works.

Why is Workday successful? ›

Unlike ERP systems with disparate applications, Workday brings best-in-class finance and HR applications into one powerful system. And with an intelligent data core that seamlessly connects your financial and people data, you have the insights and agility to make the right moves, and make them with confidence.

What language is Workday written in? ›

At Workday we use a variety of languages including Java, Scala, Python and Ruby. In particular, there is a thriving interest in functional programming methods and languages across Workday.

Who is Workday owned by? ›

Aneel Bhusri is co-founder and co-CEO at Workday. He is also chairman of the company's board of directors. Aneel has been a leader, product visionary, and innovator in the enterprise software industry for more than 20 years.

Does Workday have coding? ›

Workday studio programming language

Every business application needs a programming language. In the same way, Workday Studio also needs a programming language. Workday Studio is not just limited to a single language. It uses a variety of languages like Java, Python, Ruby, etc.

Which is better Workday or SAP? ›

If you're an enterprise that operates in a few different Western countries and in-depth reports and visualizations about your company data are important to you, the Workday HCM solution might be your best bet. However, if you do business outside the U.S., the U.K., France, or Canada, consider SAP SuccessFactors.

Is Workday similar to Oracle? ›

The Workday and Oracle HCM software systems include a wide variety of tools to manage human resources across medium and enterprise businesses. You'll find many of the same tools in these systems, as they perform essential functions for businesses that know that employees drive their companies.

What is Oracle used for in HR? ›

Effectively manage a global workforce. Plan, manage, and optimize global people processes with a single common data source. Make better decisions, personalize your employee experiences, and leverage highly configurable workflows that offer scalability and localization.

Which is the best HR software? ›

The 5 Best HR Software Options
  • Gusto – Best for your first 50 hires.
  • Namely – Best for businesses that have outgrown basic HR solutions.
  • BambooHR – Best support for a small in-house team.
  • Zenefits – Best for hands-on HR administrators.
  • Freshteam – Best for shortening your time to hire.
9 Sept 2022

What HRIS does Amazon use? ›

Amazon continues to run HR on its longstanding Oracle Peoplesoft implementation, although it uses Workday at several subsidiary businesses, including Audible, Twitch and Whole Foods.

Is Oracle an HRIS system? ›

Oracle Human Resources (HR) and Oracle Payroll

Oracle Payroll can help you ensure that all employees are paid on time and according to your compensation rules. Oracle HR and Oracle Payroll constitute a closely integrated HR system.

Is workday competitor for ADP? ›

ADP competitors include Workday, Paychex and SyncHR.

Who is better than ADP? ›

The best ADP competitors are:

Paychex Flex – Best for payroll and tax advice. Square Payroll – Best for flexible payment plans. Heartland Payroll – Best for growing businesses. Sage 50cloud Accounting – Best for accountancy.

Is Salesforce a workday competitor? ›

Salesforce is a customer relationship management system, while Workday is a human capital management and enterprise resource planning system. Workday is more focused on human capital management, while salesforce is more focused on customer relationship management (CRM).

What is the difference between ServiceNow and Salesforce? ›

Salesforce is cloud-based relationship management software that is helpful in the tracking of customer activities. Whereas, ServiceNow is an IT platform responsible for empowering the building applications and democratic the process of expanding the systematic approaches.

What is the purpose of Workday? ›

Why Workday? The Workday suite of applications includes Human Capital Management, which covers Human Resources, Benefits, Talent Management, Recruiting, Payroll and Time Tracking. Financial Management includes Financials, Revenue, Expenses and Procurement.

Why is Workday different? ›

Workday's architectural approach means that our developers and our customers—including anyone working for them—can't access the database where customer data is stored. All customer data is encrypted and is accessed only by the application server. This is a huge improvement to overall security in the enterprise space.

What is similar to PeopleSoft? ›

Top 10 Alternatives to Oracle PeopleSoft
  • Workday HCM.
  • Ceridian Dayforce.
  • UKG Pro.
  • Paylocity.
  • ADP Workforce Now.
  • BambooHR.
  • SAP SuccessFactors.
  • Paychex Flex.

What is PeopleSoft software? ›

So, what is PeopleSoft ERP? It's a product line of applications designed for today's businesses. Part of the Oracle software family, PeopleSoft is a complete software solution offering unique tools and applications for general business use, including materials, payroll, and communication management.

Why is Workday the best? ›

Bottom Line: Workday gives HR professionals the tools and insights they need to better manage and support their workforce through reports and analytics, time tracking, performance management, and recruiting. Rating image, 4.00 out of 5 stars.

What are the advantages of Workday? ›

Workday will significantly improve HR and Payroll compliance, reduce risk, provide better data for decision making, and increase efficiencies across the institution. It will also enable people across the University to work more efficiently by having consistent, streamlined and modern practices.

How is Workday used in HR? ›

What is Workday? Workday enables HR to manage people across the entire employee lifecycle with connected HRM, benefits administration, talent management, workforce planning, big data analytics, recruiting, payroll solutions, time tracking, and project management.

Does Workday use SQL? ›

Workday hardly uses SQL - and the limited use it does make of SQL is not a typical use and isn't available to customers/end users.

What type of system is Workday? ›

Workday is an enterprise management cloud solution. Workday is a cloud-native operating system for the business, not legacy architecture ported to the cloud. In an enterprise management cloud solution like Workday, at the center of the architecture is an intelligent data core.

What technologies does Workday use? ›

Workday uses MySQL for so-called online transaction processing, or OLTP, engine, the bulk of all relational database work. "We do use an RDBMS to store all customer data,” he says.

What are the tools in PeopleSoft? ›

Application Designer
  • Field Definition.
  • Record Definition.
  • PeopleCode.
  • Page definition.
  • Page Group (component) definition.
  • Menu Definition.
  • Business Process design (workflow)
  • Project definition.

Is PeopleSoft a legacy system? ›

Searching for a human capital management (HCM) system can be frustrating and intimidating. PeopleSoft is part of Oracle's legacy system and, as powerful and notable as it is in the HCM world, it may not be the right choice for companies who don't need legacy systems.

Why do people use PeopleSoft? ›

Oracle's PeopleSoft applications are designed to address the most complex business requirements. They provide comprehensive business and industry solutions, enabling organizations to increase productivity, accelerate business performance, and provide a lower cost of ownership.

What does PeopleSoft HR do? ›

PeopleSoft Human Capital Management (HCM) allows users to execute common HR tasks, such as approving a promotion transaction, managing their team, viewing a pay slip or editing personal information.

What is the future of PeopleSoft? ›

In the future, PeopleSoft could incorporate chatbots, machine learning, recommendations, natural language processing, artificial intelligence, and blockchain.

Videos

1. Oracle HRMS Tutorial For Beginners | What Is Oracle HRMS Introduction Tutorial | Mindmajix
(MindMajix)
2. Workday HCM Training | Free Demo Session | 100% Placement Support
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3. Workday HCM Certification Training (Salary Range and Certification Guidance)
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4. Workday Hcm Course | Workday HCM Tutorial | Workday Hcm Certification Training | Upptalk
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5. Webinar: Repeating Data Migrations to Workday
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6. Compare HRIS, HRMS and HR Software Systems On One Site
(CompareHRIS.com)

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