Workday's Employment Verification
Connector For Equifax Will Help Workday Customers Verify Employment
and Income Details Faster and More Efficiently, Streamlining
Operations and Reducing Costs
PLEASANTON, Calif. and ATLANTA, Aug. 22,
2024 /PRNewswire/ -- Workday, Inc. (NASDAQ:
WDAY), a leading provider of solutions to help organizations manage
their people and money, and Equifax (NYSE: EFX), a global data,
analytics and technology company, today announced a new strategic
partnership to help make employment and income verifications for
Workday customers' employees easier and faster than ever
before.
"Through this partnership with Equifax we are meeting the moment
for our customers and their employees by making the employment and
income verification process faster and more efficient," said
Matthew Brandt, senior vice
president, global partners, Workday. "This partnership improves the
employee experience by simplifying and speeding up the process by
which they secure loans and government benefits, which frees up HR
teams to focus on more meaningful work such as employee performance
and wellbeing."
By integrating Workday Payroll and The Work Number® employment
and income verification service from Equifax, Workday customers
will be able to offer their employees seamless, instant
verifications in support of their most important life events such
as buying their first home. The power of the Equifax credentialing
process, combined with the rigorous security and reliability of the
Workday platform, will also help Workday customers significantly
streamline operations and reduce costs by automating the
verification process – saving time with every verification inquiry
while supporting employees across a broad spectrum of individual
needs.
"This new partnership with Workday directly supports our Equifax
purpose: to help people live their financial best," said
Joe Muchnick, senior vice president,
alliances, Equifax Workforce Solutions. "Through this integration,
Workday customers will be able to provide their employees with the
instant verifications that are often a necessary step as they
pursue important life events like applying for a home mortgage, an
auto loan or government benefits."
Workday's new opt-in Employment Verification Connector For
Equifax integration is expected to be available to all U.S. Payroll
customers in 2025. Workday is providing this integration at no
additional cost to customers.
About Workday
Workday is a leading enterprise platform
that helps organizations manage their most important assets – their
people and money. The Workday platform is built with AI at the core
to help customers elevate people, supercharge work, and move their
business forever forward. Workday is used by more than 10,500
organizations around the world and across industries – from
medium-sized businesses to more than 60% of the Fortune 500. For
more information about Workday, visit workday.com.
© 2024 Workday, Inc. All rights reserved. Workday and the
Workday logo are registered trademarks of Workday, Inc. All other
brand and product names are trademarks or registered trademarks of
their respective holders.
About Equifax
At Equifax (NYSE: EFX), we believe
knowledge drives progress. As a global data, analytics, and
technology company, we play an essential role in the global economy
by helping financial institutions, companies, employers, and
government agencies make critical decisions with greater
confidence. Our unique blend of differentiated data, analytics, and
cloud technology drives insights to power decisions to move people
forward. Headquartered in Atlanta
and supported by nearly 15,000 employees worldwide, Equifax
operates or has investments in 24 countries in North America, Central and South America, Europe, and the Asia
Pacific region. For more information, visit Equifax.com.
Forward Looking Statements
This press release contains
forward-looking statements including, among other things,
statements regarding Workday's plans, beliefs, and expectations.
These forward-looking statements are based only on currently
available information and our current beliefs, expectations, and
assumptions. Because forward-looking statements relate to the
future, they are subject to inherent risks, uncertainties,
assumptions, and changes in circumstances that are difficult to
predict and many of which are outside of our control. If the risks
materialize, assumptions prove incorrect, or we experience
unexpected changes in circumstances, actual results could differ
materially from the results implied by these forward-looking
statements, and therefore you should not rely on any
forward-looking statements. Risks include, but are not limited to,
risks described in our filings with the Securities and Exchange
Commission ("SEC"), including our most recent report on Form 10-Q
or Form 10-K and other reports that we have filed and will file
with the SEC from time to time, which could cause actual results to
vary from expectations. Workday assumes no obligation to, and does
not currently intend to, update any such forward-looking statements
after the date of this release, except as required by law.
Any unreleased services, features, or functions referenced in
this document, our website, or other press releases or public
statements that are not currently available are subject to change
at Workday's discretion and may not be delivered as planned or at
all. Customers who purchase Workday services should make their
purchase decisions based upon services, features, and functions
that are currently available.
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SOURCE Workday Inc.