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Workday for Insurance

The finance, HR, and planning system for a changing world.

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Overview

Workday provides a unified enterprise cloud platform for financial management, human capital management, and planning. For the insurance industry, Workday offers solutions to manage finance, HR, and talent, which can include functionalities related to producer management and compensation, although it is not a dedicated producer licensing tool.

✨ Key Features

  • Financial Management
  • Human Capital Management
  • Talent Management
  • Compensation and Benefits
  • Analytics and Reporting

🎯 Key Differentiators

  • Unified platform for finance, HR, and planning
  • Modern, cloud-native architecture
  • User-friendly interface

Unique Value: Provides a single, unified system for managing an insurance company's core finance and HR functions, including some aspects of producer management.

🎯 Use Cases (3)

Managing HR and finance for an insurance company Administering compensation and benefits for producers Gaining insights into workforce and financial performance

✅ Best For

  • Used by many large enterprises, including insurance companies, for core HR and finance functions.

💡 Check With Vendor

Verify these considerations match your specific requirements:

  • Organizations seeking a specialized, standalone tool for producer licensing and compliance.

🏆 Alternatives

Oracle SAP Salesforce

Offers a more holistic enterprise management solution compared to specialized producer licensing tools, but may lack the depth of features for specific compliance tasks.

💻 Platforms

Web iOS Android API

🔌 Integrations

Extensive ecosystem of third-party integrations

🛟 Support Options

  • ✓ Email Support
  • ✓ Live Chat
  • ✓ Phone Support
  • ✓ Dedicated Support (Varies tier)

🔒 Compliance & Security

✓ SOC 2 ✓ HIPAA ✓ BAA Available ✓ GDPR ✓ ISO 27001 ✓ SSO ✓ SOC 2 ✓ HIPAA ✓ ISO 27001 ✓ FedRAMP

💰 Pricing

Contact for pricing

Free tier: NA

Visit Workday for Insurance Website →