You can quote us on that: Workday scoops up job pricing specialist Zimit in focus on services
(2021/09/09)
- Reference: 1631188263
- News link: https://www.theregister.co.uk/2021/09/09/workday_zimit/
- Source link:
Workday has paid an undisclosed price for pricing engine and guided selling firm Zimit, a software company specialising in helping companies quote for their services.
The idea is businesses "plug in" Zimit between their CRM and ERP systems to help them understand the configuration and cost of services they provide. Zimit then generates quotes for such services – a task, the vendor claims, is otherwise often left to head-scratching and spreadsheets.
The newly acquired company says it integrates with Oracle, SAP, Microsoft, Netsuite and Salesforce – and, of course Workday, having achieved [1]"approved integration status" in September last year.
[2]
Taking a closer look at the firm, the SaaSy finance and HR software provider obviously thought it was worth buying Zimit, a company founded in 2015.
[3]
[4]
Having been around for 5 years and collected about $2m in funding in 2019 – handed to it [5]by Workday's investment arm, according to Crunchbase – Zimit hired Brian MacDonald, a veteran of CloudCare, as director of sales, and Craig Abramson, as director of marketing in February this year.
[6]Workday makes Google preferred partner for public cloud weeks after demise of Amazon project revealed
[7]Workday shares slide following claims Amazon ditched company-wide HR system
[8]Financial Ombudsman Service to ditch tech heads as it open arms to Workday and outside service provider
[9]Back to the office: Workday hiring 20% more Workdayers in anticipation of postponed projects opening up
Zimit does something called Configure-Price-Quote and, according to the companies, the merger will enable them to "further innovate the CPQ process to deliver an end-to-end, quote-to-cash cycle in a single system for services industries."
In a canned statement, Workday's Pete Schlampp, executive vice president, product development, said: "Zimit changed the game with its proprietary pricing engine and is one of the first – and only – companies to provide services quotes in a matter of minutes."
Liz Miller, vice president and principal analyst at Constellation Research, said the acquisition would provide "revenue and resource visibility through the lens of the customer's directly input intentions, helping to accelerate and streamline their quote process."
[10]
Workday has shown over the last couple of years it is keen to get out of its HR/finance pigeonhole to compete with broader application providers such as SAP and Oracle.
In 2019, [11]it bought cloud-based procurement services slinger Scout RFP for $540m.
Workday boss Aneel Bhusri [12]later described the buy as a "quick win on the procurement side." ®
Get our [13]Tech Resources
[1] https://zimit.io/zimit-completes-workday-approved-integration/
[2] https://pubads.g.doubleclick.net/gampad/jump?co=1&iu=/6978/reg_software/applications&sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&tile=2&c=2YTovvoqNa1iZ0UmOwEgVBwAAAMY&t=ct%3Dns%26unitnum%3D2%26raptor%3Dcondor%26pos%3Dtop%26test%3D0
[3] https://pubads.g.doubleclick.net/gampad/jump?co=1&iu=/6978/reg_software/applications&sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&tile=4&c=44YTovvoqNa1iZ0UmOwEgVBwAAAMY&t=ct%3Dns%26unitnum%3D4%26raptor%3Dfalcon%26pos%3Dmid%26test%3D0
[4] https://pubads.g.doubleclick.net/gampad/jump?co=1&iu=/6978/reg_software/applications&sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&tile=3&c=33YTovvoqNa1iZ0UmOwEgVBwAAAMY&t=ct%3Dns%26unitnum%3D3%26raptor%3Deagle%26pos%3Dmid%26test%3D0
[5] https://www.crunchbase.com/funding_round/zimit-series-unknown--2cf8aa27
[6] https://www.theregister.com/2021/08/12/workday_google_preferred_partner/
[7] https://www.theregister.com/2021/07/28/amazon_canned_workday_project/
[8] https://www.theregister.com/2021/07/22/financial_ombudsman_service_looks_to/
[9] https://www.theregister.com/2021/05/27/workday_sees_revenue_grow_but/
[10] https://pubads.g.doubleclick.net/gampad/jump?co=1&iu=/6978/reg_software/applications&sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&tile=4&c=44YTovvoqNa1iZ0UmOwEgVBwAAAMY&t=ct%3Dns%26unitnum%3D4%26raptor%3Dfalcon%26pos%3Dmid%26test%3D0
[11] https://www.globenewswire.com/news-release/2019/12/09/1958186/0/en/Workday-Completes-Acquisition-of-Scout-RFP.html
[12] https://www.theregister.com/2020/09/16/in_procurement_software_workday_ceo/
[13] https://whitepapers.theregister.com/
The idea is businesses "plug in" Zimit between their CRM and ERP systems to help them understand the configuration and cost of services they provide. Zimit then generates quotes for such services – a task, the vendor claims, is otherwise often left to head-scratching and spreadsheets.
The newly acquired company says it integrates with Oracle, SAP, Microsoft, Netsuite and Salesforce – and, of course Workday, having achieved [1]"approved integration status" in September last year.
[2]
Taking a closer look at the firm, the SaaSy finance and HR software provider obviously thought it was worth buying Zimit, a company founded in 2015.
[3]
[4]
Having been around for 5 years and collected about $2m in funding in 2019 – handed to it [5]by Workday's investment arm, according to Crunchbase – Zimit hired Brian MacDonald, a veteran of CloudCare, as director of sales, and Craig Abramson, as director of marketing in February this year.
[6]Workday makes Google preferred partner for public cloud weeks after demise of Amazon project revealed
[7]Workday shares slide following claims Amazon ditched company-wide HR system
[8]Financial Ombudsman Service to ditch tech heads as it open arms to Workday and outside service provider
[9]Back to the office: Workday hiring 20% more Workdayers in anticipation of postponed projects opening up
Zimit does something called Configure-Price-Quote and, according to the companies, the merger will enable them to "further innovate the CPQ process to deliver an end-to-end, quote-to-cash cycle in a single system for services industries."
In a canned statement, Workday's Pete Schlampp, executive vice president, product development, said: "Zimit changed the game with its proprietary pricing engine and is one of the first – and only – companies to provide services quotes in a matter of minutes."
Liz Miller, vice president and principal analyst at Constellation Research, said the acquisition would provide "revenue and resource visibility through the lens of the customer's directly input intentions, helping to accelerate and streamline their quote process."
[10]
Workday has shown over the last couple of years it is keen to get out of its HR/finance pigeonhole to compete with broader application providers such as SAP and Oracle.
In 2019, [11]it bought cloud-based procurement services slinger Scout RFP for $540m.
Workday boss Aneel Bhusri [12]later described the buy as a "quick win on the procurement side." ®
Get our [13]Tech Resources
[1] https://zimit.io/zimit-completes-workday-approved-integration/
[2] https://pubads.g.doubleclick.net/gampad/jump?co=1&iu=/6978/reg_software/applications&sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&tile=2&c=2YTovvoqNa1iZ0UmOwEgVBwAAAMY&t=ct%3Dns%26unitnum%3D2%26raptor%3Dcondor%26pos%3Dtop%26test%3D0
[3] https://pubads.g.doubleclick.net/gampad/jump?co=1&iu=/6978/reg_software/applications&sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&tile=4&c=44YTovvoqNa1iZ0UmOwEgVBwAAAMY&t=ct%3Dns%26unitnum%3D4%26raptor%3Dfalcon%26pos%3Dmid%26test%3D0
[4] https://pubads.g.doubleclick.net/gampad/jump?co=1&iu=/6978/reg_software/applications&sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&tile=3&c=33YTovvoqNa1iZ0UmOwEgVBwAAAMY&t=ct%3Dns%26unitnum%3D3%26raptor%3Deagle%26pos%3Dmid%26test%3D0
[5] https://www.crunchbase.com/funding_round/zimit-series-unknown--2cf8aa27
[6] https://www.theregister.com/2021/08/12/workday_google_preferred_partner/
[7] https://www.theregister.com/2021/07/28/amazon_canned_workday_project/
[8] https://www.theregister.com/2021/07/22/financial_ombudsman_service_looks_to/
[9] https://www.theregister.com/2021/05/27/workday_sees_revenue_grow_but/
[10] https://pubads.g.doubleclick.net/gampad/jump?co=1&iu=/6978/reg_software/applications&sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&tile=4&c=44YTovvoqNa1iZ0UmOwEgVBwAAAMY&t=ct%3Dns%26unitnum%3D4%26raptor%3Dfalcon%26pos%3Dmid%26test%3D0
[11] https://www.globenewswire.com/news-release/2019/12/09/1958186/0/en/Workday-Completes-Acquisition-of-Scout-RFP.html
[12] https://www.theregister.com/2020/09/16/in_procurement_software_workday_ceo/
[13] https://whitepapers.theregister.com/
Re: Just awful
Outski
I'd say Remedy runs it close (or at least did, the last time I used it which was admittedly quite a while back)
Re: Just awful
czechitout
It depends what angle you're looking at it from.
I'd say Workday is the least sucky HR system, having implemented/worked with most of the major ones. It's UI is easily the best out of the major vendors (Workday, Oracle, SAP) and many of the common tasks required for bread and butter activities like payroll reports, integrations etc. it does out of the box, whereas other solution still require a lot of manual config.
In fact, the only reason not to go with Workday, for HR at least, is cost - and the only reason it costs the most is because it's the best, whereas SAP will offer you SuccessFactors for free if you're a major SAP user and Oracle will offer Cloud HCM for a massive discount as they are petrified of losing market share to Workday.
Just awful
Is there any enterprise system that sucks more than Workday?