Workday Ventures, the strategic investment arm of finance and HR-focused enterprise cloud software provider Workday, has made a strategic investment in the ESG assessment platform pulsESG.
pulsESG has joined the Workday Software Partner Program, enabling joint Workday and pulsESG customers to better respond to fast-evolving ESG management and disclosure requirements.
pulsESG's software as a service (SaaS) platform utilizes internal data sources and external systems to help organizations define, measure, and report on ESG performance, and address issues regarding ESG data quality and timelines. It was co-founded by Silicon Valley software veterans Murat Sonmez and Inderjeet Singh and launched with $8.5 million in seed funding last year. Accenture Ventures, the venture capital arm of the multinational professional services firm Accenture, announced a strategic investment in pulsESG in July.
Murat Sonmez, co-founder and CEO of pulsESG, stated:
"The pulsESG team is thrilled to join Workday in a relationship that will enhance our capacity to serve our customers and empower those businesses to be mission-driven. We anticipate a partnership that will have good far-reaching effects."
According to the companies, the planned integration of pulsESG with Workday Financial Management and Workday Human Capital Management will enable users to convert structured and unstructured data sources into financial information for disclosure management and external reporting, allowing organizations to assign ESG goals and monitor performance.
Workday Ventures' Managing Director and Senior Vice President, Barbry McGann, stated:
"We are thrilled to have made a strategic investment in pulsESG as we seek methods to assist our customers in navigating the evolving ESG reporting landscape. Together, pulsESG and Workday are committed to making it easier for our customers to comply with goals and rules that will ultimately positively affect the environment."