Workday provides enterprise software solutions for managing internal resources like workforce costs, employee pay, student resources, and more. It offers solutions for financial management, human capital management, analytics, and professional services automation. Founded in 2005 by former PeopleSoft executives, Workday has grown to serve higher education, retail, manufacturing and other industries. It utilizes a software as a service model and updates its software every 4 months, which is faster than the industry standard of 18 months. Workday has maintained its culture of innovation as it has grown to become a top player in the human capital management market.