Workday and T1 are completely different. T1 can compete in more markets as they have student management, property, and asset software, whereas Workday have Financials, payroll and HR (T1 have that too), so T1 can work in more markets.
Workday seems to be true cloud though, T1 is still mostly 30 year old software which has been shifted to the cloud. Workday probably suits more small to medium businesses.
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