Microsoft Corporation (NASDAQ:MSFT) has landed a deal with Workday Inc (NYSE:WDAY) that will see the two firms integrate their cloud services.
The new partnership between the two firms will focus on the integration of Microsoft Analytics tools and Office365 with the cloud-based HR and finance applications from Workday. The integration of Office365 with Workday’s applications will allow any changes made to Office365 groups to reflect automatically in Workday. The idea behind the initiative by the two firms is to get the Workday business process framework and Microsoft Flow to share information.
The two firms are also working on connecting Microsoft Graph with Workday Human Capital Management (HCM). Microsoft Graph is a combination of numerous programming interfaces that are used to connect and extend Microsoft Services. Combining these services will allow workday users to evaluate how they spend their work time. Microsoft and Workday have previously worked together but the new partnership is expected to strengthen their relationship.
“The technical possibilities are there, and the mindset is there,” stated Workday’s senior VP of technical strategy and product marketing, Dan Beck.
The integration of software from the two companies is expected to take place in the second quarter of 2017. It is also expected to simplify business processes for customers, infuse intelligence and boost collaboration in organizations. The integration of Microsoft’s cloud services with Workday’s applications adds to the numerous other partnerships that assist in further stabilization of human capital management. The Workday and Microsoft productivity products and services are currently used by roughly 1,100 companies according to a report from the Seattle Times.
“Blending the power of Workday’s cloud-based finance and HR applications with the cloud productivity of Office 365 will enable our customers to simplify their businesses processes, enhance collaboration, and infuse more intelligence into their organizations,” pointed out Microsoft CEO, Satya Nadella.
Microsoft stock closed the recent trading session at $57.95 marking a $1.05 or 1.85% improvement from the value of the stock at the previous close. The stock had a trading volume of 28.07 million shares.
