Workday for Hospitality: Features, Benefits & Costs

Workday for Hospitality

Workday is a cloud-native (SaaS) ERP solution from Workday that provides hospitality companies with the tools they need to streamline operations, improve efficiency, and drive growth. With capabilities spanning Financial Management, Human Capital Management, Payroll, Workforce Planning, and more, Workday addresses the unique challenges facing today's hospitality organizations.

Hospitality companies face increasing pressure around multi-property financial management, revenue management and dynamic pricing, labor scheduling and cost control. Workday provides purpose-built functionality to help organizations overcome these challenges while maintaining compliance with standards such as health and safety regulations, PCI DSS, local licensing.

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Key Features and Modules for Hospitality

Workday offers a comprehensive set of features tailored for hospitality operations:

1. Financial management: Workday provides robust financial management capabilities that help hospitality organizations manage their financial management processes more effectively, with real-time visibility and automation to reduce manual effort.

2. Property management integration: Workday provides robust property management integration capabilities that help hospitality organizations manage their property management integration processes more effectively, with real-time visibility and automation to reduce manual effort.

3. Procurement: Workday provides robust procurement capabilities that help hospitality organizations manage their procurement processes more effectively, with real-time visibility and automation to reduce manual effort.

4. HR and labor management: Workday provides robust hr and labor management capabilities that help hospitality organizations manage their hr and labor management processes more effectively, with real-time visibility and automation to reduce manual effort.

5. Reporting and analytics: Workday provides robust reporting and analytics capabilities that help hospitality organizations manage their reporting and analytics processes more effectively, with real-time visibility and automation to reduce manual effort.

Beyond these core modules, Workday offers unified platform for finance and HR, machine learning and AI-powered analytics, and continuous updates with zero downtime to provide a complete solution for hospitality businesses.

Benefits for Hospitality Companies

Implementing Workday can deliver significant benefits for hospitality organizations:

1. Multi-property financial consolidation and reporting: Workday's integrated platform ensures that hospitality companies can achieve multi-property financial consolidation and reporting, reducing inefficiencies and improving overall performance.

2. Integrated procurement and inventory for F&B operations: Workday's integrated platform ensures that hospitality companies can achieve integrated procurement and inventory for f&b operations, reducing inefficiencies and improving overall performance.

3. Labor cost management and scheduling optimization: Workday's integrated platform ensures that hospitality companies can achieve labor cost management and scheduling optimization, reducing inefficiencies and improving overall performance.

4. Real-time revenue and profitability analytics: Workday's integrated platform ensures that hospitality companies can achieve real-time revenue and profitability analytics, reducing inefficiencies and improving overall performance.

5. Centralized vendor management and contract tracking: Workday's integrated platform ensures that hospitality companies can achieve centralized vendor management and contract tracking, reducing inefficiencies and improving overall performance.

Ready to evaluate Workday for your hospitality business? Get a personalized pricing estimate based on your specific requirements, or connect with a certified implementation partner who specializes in hospitality.

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Implementation Considerations

When implementing Workday for a hospitality organization, there are several important factors to consider:

• Timeline: A typical Workday implementation for hospitality companies takes 3–12 months, depending on the scope of modules deployed and degree of customization required.

• Data migration: Hospitality organizations often have complex data structures spanning financial management, property management integration, procurement that must be carefully mapped and migrated to Workday.

• Regulatory compliance: With hospitality regulations including health and safety regulations and PCI DSS, the implementation must ensure all compliance requirements are configured from day one.

• Change management: Training and change management are critical for adoption. Workday's modern interface and guided workflows can help ease the transition for end users.

• Integration requirements: Most hospitality companies need Workday to integrate with existing systems. Workday supports this through open APIs and pre-built connectors, though integration complexity should be scoped early.

Pricing and Cost Considerations

Workday pricing for hospitality companies requires custom quote, enterprise-level pricing. The total cost of ownership depends on:

• User count and licensing: $100–$300+/user/month for Financial Management
• Modules selected: Hospitality-specific modules such as financial management, property management integration, procurement may require additional licensing
• Implementation services: Professional services for configuration, customization, data migration, and training
• Ongoing costs: Annual maintenance, support, and cloud hosting fees

For a detailed cost estimate tailored to your hospitality requirements, get a custom Workday pricing quote.

Why Choose Workday for Hospitality?

Workday stands out as a strong ERP solution for hospitality companies for several key reasons:

• Unified platform for finance and HR helps hospitality organizations gain a competitive edge
• Machine learning and AI-powered analytics ensures smooth end-to-end operations
• Strong workforce planning and analytics supports growth and geographic expansion
• Industry-specific functionality for financial management, property management integration, procurement addresses the unique needs of hospitality businesses
• Compliance with health and safety regulations and PCI DSS is built into the platform

Get Started with Workday for Hospitality

Ready to move forward? Here are your recommended next steps:

• Get Workday Pricing — Receive a personalized cost estimate based on your hospitality requirements
• Compare Workday — See how Workday compares to other ERP solutions for hospitality
• Define Your ERP Requirements — Use our free tool to build your hospitality ERP requirements checklist

Frequently Asked Questions

What is Workday for Hospitality?

Workday for Hospitality is a cloud-native (SaaS) ERP solution designed to help hospitality organizations manage their core business processes including financial management, property management integration, procurement, HR and labor management. It is developed by Workday and is widely used by hospitality companies ranging from mid-size businesses to large enterprises.

How much does Workday cost for hospitality companies?

Workday pricing for hospitality organizations requires custom quote, enterprise-level pricing. Total cost depends on the number of users, modules selected (such as financial management and property management integration), and implementation requirements. Get a personalized Workday quote for your hospitality organization.

How long does it take to implement Workday in a hospitality organization?

Implementation timelines for Workday in hospitality typically range from 3 to 12 months, depending on the complexity of operations, number of modules, and extent of customization required. A phased approach is often recommended to reduce risk and accelerate time to value.

Does Workday support health and safety regulations compliance?

Yes, Workday includes features and configurations that support compliance with health and safety regulations, PCI DSS, local licensing. The platform provides audit trails, reporting tools, and process controls that help hospitality organizations meet their regulatory obligations. Implementation partners can further customize compliance workflows to match specific requirements.

Can Workday integrate with other hospitality systems?

Workday offers robust integration capabilities through APIs, middleware, and pre-built connectors that enable connectivity with other hospitality systems including specialized financial management software, procurement platforms, and third-party applications. This ensures hospitality companies can maintain a connected technology ecosystem.

What are the main benefits of Workday for hospitality companies?

The primary benefits of Workday for hospitality companies include multi-property financial consolidation and reporting, integrated procurement and inventory for f&b operations, and labor cost management and scheduling optimization. The platform also provides unified platform for finance and HR and machine learning and AI-powered analytics to help hospitality organizations improve operational efficiency and drive growth.