Answer 10 questions. Get your readiness score and specific recommendations for your renewal negotiation.
Answer 10 questions about your current Workday contract and renewal preparation. Your responses generate a readiness score with specific recommendations for your situation.
Workday Licensing Hub — This guide is part of our Workday Licensing Knowledge Hub — 25+ expert guides covering FSE pricing, contract negotiation, renewal strategy, and module optimisation.
1. How many months until your Workday contract renewal?
18+ months — plenty of runway
12–18 months
6–12 months
Less than 6 months
2. Have you identified and documented your auto-renewal notice deadline?
Yes, calendared with alerts
I think so but haven’t verified
No / I’m not sure there is one
3. Have you independently audited your FSE (Full Service Equivalent) count?
Yes — reconciled against HR records
We use Workday’s reported count
No — never audited
4. Do you know your current PEPM (Per Employee Per Month) rate and how it compares to market?
Yes — benchmarked against comparable organisations
I know our PEPM but haven’t benchmarked
I don’t know our exact PEPM
5. Have you evaluated competitive alternatives (e.g., SAP SuccessFactors, Oracle HCM)?
Yes — formal RFI or evaluation underway
Informal research only
No competitive evaluation
6. Do you know your annual escalation rate and how much it has compounded?
Yes — calculated total compounding impact
I know the rate but haven’t calculated impact
I don’t know our escalation rate
7. Have you identified modules you’re paying for but underutilising?
Yes — usage audit completed
Suspect some but haven’t verified
No — haven’t assessed module utilisation
8. Do you have executive sponsorship for the renewal negotiation?
Yes — CFO/CIO engaged and aligned
Procurement is leading without executive sponsor
No executive awareness of renewal timeline
9. Do you understand your FSE floor provision and its financial impact?
Yes — know floor % and negotiated terms
Aware of it but haven’t quantified
What is an FSE floor?
10. Have you engaged or considered engaging an independent Workday licensing advisor?
Contact us for a confidential introductory call to discuss your software landscape, upcoming renewals, and how Redress can deliver measurable savings. Fixed-fee proposal typically provided within 48 hours.