Leading cloud-based financial management and human capital management software provider, Workday, has announced a new partnership with Formula 1, the pinnacle of motorsport.

The partnership, which was officially announced at the recent Formula 1 British Grand Prix, aims to leverage Workday’s expertise in financial management and human capital management to help drive operational excellence and enhance employee experiences within the high-speed world of Formula 1.

As part of the partnership, Workday will provide Formula 1 with its cutting-edge software solutions, which include financial management, HR, talent management, payroll, and analytics tools. These solutions will enable Formula 1 to streamline its financial processes, improve workforce planning, and make data-driven decisions to optimize performance both on and off the track.

“Formula 1 is a globally renowned and highly competitive sport that demands precision, agility, and innovation at every turn. We are excited to partner with Formula 1 to help them elevate their operational capabilities and empower their workforce with our cloud-based solutions,” said Chano Fernandez, co-CEO of Workday.

The partnership comes at a pivotal moment for Formula 1, which is undergoing significant changes as it adapts to new regulations, technologies, and fan expectations. By leveraging Workday’s industry-leading software solutions, Formula 1 aims to enhance its operational efficiency, improve decision-making processes, and create a more engaging and satisfying experience for its drivers, teams, and fans.

“We are thrilled to partner with Workday to embark on this exciting journey of transformation and growth. As we strive to push the boundaries of what’s possible in motorsport, having access to Workday’s best-in-class financial and HR solutions will be a game-changer for us,” said Stefano Domenicali, CEO of Formula 1.

The partnership between Workday and Formula 1 is a testament to the power of collaboration and innovation in driving success in today’s fast-paced, technology-driven world. By combining their respective strengths and expertise, both companies are poised to achieve new heights of excellence and performance in the dynamic and exhilarating world of Formula 1.