Workday is a next generation of cloud-based enterprise resource planning (ERP) software offering several systems like Human Capital Management system (HCM) that includes tools for Human Resource Management (HRM), Recruiting, Absence Management, Payroll Management Financial Management System, Student Information System and their additional modules, Tailored solutions for many industries like Technology, Insurance and Health care. Using workday you can manage employee whole life cycle like recruitment, attendance, compensation and career management, learning and talent management. Manage global organization with consistency and flexibility for local variations. Configure different regional requirements and automate workforce transactions while staying compliant with global regulations. Recruitment feature lets you find and connect with qualified candidates both internally and externally. Using workday you get a consolidated system that brings together the accounting, financial planning, expenses, procurement, inventory and auditing. Configure business processes without need for customization or professional IT help while ensuring security and compliance with internal controls and audit guidelines. The ERP software lets you manage payments and bank accounts, automatically reconcile bank statements, forecast cash flow, manage assets, track expenses and automate processes. Streamline RFQ and other procurement processes, configure work force approval and authorization, automate requisitions submission and enable suppliers to self-register and maintain their data. Other tools include strategic sourcing, inventory management, consolidation and built-in audit and internal controls. Looks & works like website, accessible from any device, anywhere & from anyplace.