Every organisation functions along its own principles and according to its specific requirements. HR plays an important role and is often faced with the dilemma of opting for HR software that is best suited to the organisation.

Out of the hundreds of suppliers that provide HR software, Workday and Peoplesoft are two popular HR solutions which hold a significant market share. Both Workday and Peoplesoft are specifically designed for medium-sized companies and offer similar functionality. Both are robust choices with loyal customers, offering strong, global, and horizontal HR and ERP solutions to businesses. Comparing the similarities and differences of Workday and Peoplesoft can assist us in determining which HR software meets our organisational functionality and hosting requirements.

Workday is a cloud-based platform that offers a single solution for all HR-related activities like human capital management, financial management, planning, performance management, etc. It was intended for medium to large-sized companies, especially the companies with several locations. It is a single solution for recruiting, on-boarding, compensation benchmarking, learning and development, benefits, payroll, analytics, and time off. The Workday HCM software is an extremely user-friendly global system software that provides the latest version with updated features to both browser and mobile users. However, in order to expert professional in Workday, Workday Training will be of assistance and may give your organisation better results.

Peoplesoft is primarily an e-business software application from Oracle that was built to meet the complex needs of the enterprise. This is the widely used HRM solution by mid-sized to large enterprises. Though this product was designed originally to support HR and financial services, with its expansion, it results in providing services to overall business activities. It makes available complete business solutions, accelerates business operations and minimises overall costs, etc., It also helps to increase the company's overall efficiency. Peoplesoft offers Global Core HCM, Talent management, Workforce management, Workforce service delivery, and In-memory labor rules and monitoring.

What features make Workday and Peoplesoft look similar?

Both Workday and PeopleSoft software are available in the form of a cloud-based solution. Both of them offer a number of suites and features such as human capital management, enterprise resource planning, financial management, etc. PeopleSoft offers a number of outstanding features that are cloud-based, available on-site, in-built CRM, while Workday includes fewer built-in features but integrates with a greater number of third-party software tools. Workday has also established strategic partnerships with other industry-leading technology companies, such as Salesforce and IBM. While Workday only works on a public cloud, PeopleSoft can work in any private or public cloud storage system. PeopleSoft performs better on an Oracle Cloud.

Workday Vs Peoplesoft: Now let us compare Workday with Peoplesoft.

Deployment and updates: The main difference between Workday and PeopleSoft lies in the way they are deployed. Workday was designed as a cloud-based solution, while PeopleSoft was designed as an on-premise solution which was later released as a cloud-based solution.

Workday developers automatically send software updates using the cloud, preventing the system administrators or the end-users from deploying the software updates periodically. This indicates that you are not required to invest in infrastructure or hardware thereby lowering company expense. Though Peoplesoft is available as a public cloud deployment, we can also purchase it as a private cloud or on-premise implementation. Rather than installing the updates as soon as they are available, a selective adoption workflow is used by Peoplesoft for updates. It indicates that the updated versions of the software are released on a regular basis, while the system administrators may choose what updates need to be downloaded and when they are to be downloaded.

CRM: Oracle provides PeopleSoft CRM, a suite of Customer Relationship Management applications. The CRM they offer is closely embedded with the rest of the PeopleSoft platform and can be customised to fit Marketing, sales, and Service Industries. It also offers Business Process Management Solutions, and users may configure the workflows, orders and automate the processes with tools.At present, no native CRM applications are offered by Workday. Instead, they had a partnership with Salesforce, the cloud computing leader, and provided native integrations among the two companies through Salesforce Service Cloud.

Analytics and Reporting: As the business Intelligence software is becoming more user-friendly, more organisations are integrating dashboard reports and analytics into their product. Although Workday and PeopleSoft include reporting and analysis tools, they have approached the inclusion of these functions in a different way. PeopleSoft strived to integrate analytics into every tool, allowing users to access the analytical data in which they work. These tools' analytic power is confined to the data that the company has stored in its databases.

Additionally, Prism Analytics tools from Workday connect to data sources from outside and create analytics reports in Workday. The same tools can be found throughout the software to bring the insights directly to the dashboards, but adding outside data increases the functionality of the business intelligence tool.

User Interface: Workday is designed based on modern architecture and offers a User Interface for the web. Workday offers the same experience on any device that may be the tablet, mobile, or desktop. The UI is intended for changing the latest trends and the consumers' requirements without impacting the basic functionality of the product. This indicates that the changes in the UI will not affect the work of the users. While for PeopleSoft, the shift from an on-premises desktop application to an adaptive mobile environment is not just a technical challenge but also needs the training of existing users on the new user interface. This shift makes Peoplesoft competitive in comparison to other cloud-ready software.

Conclusion

Workday is a highly advanced platform. It is designed with the modern workforce in mind. Workday's technology is consistent with current IT trends. Its enterprise focus and continuous updates make it a feasible choice for the companies. PeopleSoft is built to meet the most complex requirements of the business. Oracle continues to scale PeopleSoft to the functionalities and flexibility of the cloud. The move provides all users with improved access to their ERP data from any location. In Short, Workday and PeopleSoft are the leading providers of complete HR Cloud solutions.

We hope you found this post helpful! In this post, we have compared two leading providers of HR solutions. When choosing your HR solution, we hope that you will define your business objectives and strategy and then define your requirements to meet them. Think about your goal and decide which technology is best suited to help you reach it.

“PeopleSoft offers a number of outstanding features that are cloud-based, available on-site, in-built CRM, while Workday includes fewer built-in features but integrates with a greater number of third-party software tools.”

“Workday is designed based on modern architecture and offers a User Interface for the web. Workday offers the same experience on any device that may be the tablet, mobile, or desktop.”