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Workday, Inc., a leader in enterprise cloud applications for finance and human resources, today announced multiple new generative AI (artificial intelligence) capabilities that will help increase productivity, grow and retain talent, streamline business processes, and drive better decision-making.

Workday’s generative AI approach is set apart by the company’s platform strategy, unrivalled dataset, and commitment to delivering trustworthy solutions that demonstrate the power of human-machine teaming. AI and ML are embedded in the core of the Workday platform, enabling the company to rapidly deliver cutting-edge solutions to customers across all applications. Workday AI models are fuelled by more than 625 billion transactions processed by the system every year—resulting in the world’s largest, cleanest set of financial and HR data—which allows the models to consistently generate accurate, meaningful, trustworthy results.

“Generative AI has the potential to completely transform work as we know it,” said Sayan Chakraborty, Co-President at Workday. “When applied responsibly, it has the power to elevate performance and to free up time to focus on the valuable work we really want and need to be doing. At Workday, we build solutions for business challenges where we can deliver clear and transformative benefits. We build enterprise-grade capabilities that are trustworthy, transparent, safe, and that keep the user in the driver’s seat at all times. Workday, our customers, and their employees are writing the playbook for how the future works together.”

Some of the ways businesses will benefit from new Workday generative AI capabilities include:

Generating Job Descriptions in Minutes Versus Hours

Workday users create 30 million job descriptions per year—taking an average of one to two hours every time. This capability will enable hiring managers and recruiters to generate job descriptions in minutes versus hours, freeing up considerable time to search for quality candidates rather than on administrative tasks.

By leveraging information already stored in Workday as the single source of truth for people data—such as the skills needed for the role and job location details—users can create precisely targeted job descriptions to help find the best candidates.

Analysing and Correcting Contracts for Faster, More Accurate Revenue Recognition

Sales teams negotiate and win contracts, and finance teams then have to ensure the company is paid via accurate billing and revenue recognition. But contracts can be lengthy, and information embedded within them can easily be missed. With Workday’s contract analysis generative AI capability, customers will be able to compare signed contracts against contracts in Workday Financial Management and integrated CRM data in record time.

The feature will alert the user to any discrepancies early in the process and propose corrections, then confirm when discrepancies are fixed. This early analysis and correction capability helps eliminate downstream accounting errors, saving considerable time trying to reverse and correct downstream transactions.

Creating Personalised Knowledge Management Articles with Ease

Creating content to keep employees informed about company policies and updates can be time consuming and frustrating, often requiring the author to search, read, and synthesise multiple sources to draft an article for employees’ understanding. What took hours will take minutes, with just a few clicks in Workday Help.

New generative AI capabilities will enable content creators to draft articles that are highly personalized and tailored to their audience, such as talking points for managers about a new company bonus policy, or key takeaways from company videos. These new capabilities can help the author improve the tone or length of the article, iterate on particular sections, or even translate the article to different languages to support a global workforce, saving users valuable time and the frustration of writer’s block.

Streamlining Collections to Recapture Missing Funds Sooner

New generative AI capabilities from Workday will enable finance teams to automate the process of crafting past due notices with recommendations on the tone of the correspondence, driven by how late the customer is, or how often they are late, to save valuable time. Finance teams will also be able to use Workday generative AI to automate letters in bulk based on configured rulesto easily send an entire package, including past invoices, enabling collections agents to greatly increase their throughput and recapture missing funds sooner.

Turning Text-to-Code for Faster Workday Extend App Development

Every business has unique needs and challenges. Workday Extend puts the same technology, security, logic, and application components that power Workday into customers’ own hands to build custom apps that live in and run on Workday. Developer Copilot, a human-machine teaming capability for Workday Extend app development, will leverage the power of generative AI to support the entire development lifecycle for rapid creation of finance and people management apps.

Natively embedded into Workday’s App Builder, Developer Copilot will provide text-to-code generation capabilities to dramatically improve developer productivity and customer time-to-value by turning natural language into app code. Developer Copilot will be contextually aware, providing curated content and search results that meet developers where they are, upskilling them and elevating the development experience.

Creating Employee Growth Plans to Foster and Retain Talent

Talent retention is a top priority for organisations everywhere, and managers are responsible for their direct reports’ growth and development. This capability will enable managers to quickly create a summary of employees’ strengths and areas of growth, pulling from Workday’s rich database of insight such as performance reviews, employee feedback, contribution goals, skills, and more.

Workday is uniquely suited to support this use case as an organization’s single source of truth for people data and, since Workday is transparent about how its AI models are designed, managers can easily understand how the data inputs contribute to a strength or area of growth. This capability will make the career check-in process more personalised and effective, empowering both managers and employees.

Generating Statements of Work for Faster Service Procurement

Procuring services can be a time-consuming activity for many corporations, typically with many teams involved—line of business, legal, procurement, and more. Gaining efficiencies in statement of work (SOW) clause creation and refinement is critical for organisations that want to move quickly and execute their priorities and business strategy flawlessly. Workday generative AI will help organisations automate this process, reducing the time and effort it requires, while also suggesting the relevant clauses to be included depending on the type of project, project location, type of deliverables, and more.

Transforming the Workday User Experience with Conversational AI

Workday also previewed capabilities it is exploring at the intersection of conversational UI and generative AI to enhance users’ ability to interact with information and tasks in a natural way, taking advantage of the unique capabilities generative AI offers such as summarisation, search, maintaining context, and more.

“We recognise that generative AI is a powerful technology with the potential to have great impact on conversational experiences, and you will see us apply it in ways that generative AI is uniquely suited for,” said Jeff Gelfuso, Chief Design Officer at Workday. “We are incredibly excited about the possibilities at the intersection of conversational UI and generative AI, and you can expect Workday to deliver capabilities in the future that will unlock endless possibilities for reimagining how to interact with our products.”

Availability

New generative AI features to support use cases including job descriptions, contract analysis, knowledge management, collections letters, app development, employee growth plans, and statements of work are expected to begin rolling out to customers within the next 6 to 12 months, joining Workday’s growing roster of more than 40 AI and ML features already in product today.

As with all Workday AI and ML features, the generative AI capabilities announced today are being designed to optimise human-machine teaming, utilising AI to generate content quickly, while empowering the user to apply their skills, judgment, and experience to personalise and validate that content. Workday is committed to transparency through explainability, helping users leverage AI with trust and confidence.

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