Wide-Moat Workday Leverages Superior User Experience to Take Market Share From Legacy ERP Vendors

Workday is a relatively new entrant to the enterprise resource planning, or ERP, market compared with rivals Oracle and SAP. However, the company was able to take market share from competitors by demonstrating that adopting cloud-native enterprise systems provides a superior user experience and reduces total cost of ownership for modern enterprises. As Workday continues to hone the usability of its platform and build an ecosystem with third-party partners, we believe the company now operates the best-of-breed cloud-only solution for human capital management, or HCM.