The big picture: Major organizations across diverse sectors are actively evaluating and migrating their core enterprise software systems, with a significant focus on Human Capital Management (HCM) and Enterprise Resource Planning (ERP) solutions.

Why it matters: These evaluations highlight a pervasive trend of companies seeking more modern, integrated, and efficient platforms to manage critical business functions, directly impacting HR, payroll, and timekeeping operations.

Between the lines:

• Workday HCM and Time & Attendance are frequently evaluated by institutions currently using Oracle PeopleSoft and ADP.
• SAP S/4HANA and SuccessFactors are strong contenders for organizations looking to upgrade from older Oracle E-Business Suite and SAP HCM systems.
• Oracle Cloud ERP and HCM are also being considered by existing Oracle users for modernization.

Staffing & HR impact: The shift to advanced HCM platforms indicates a demand for more sophisticated talent management, payroll, and compliance capabilities, influencing HR tech budgets and the skills required for HR professionals. Recruiters will need to understand these evolving tech stacks to better place talent.

The bottom line: The enterprise software market is in a state of flux, driven by a continuous pursuit of operational efficiency and data integration, with Workday, SAP, and Oracle leading the charge in HR-related evaluations.