Workday Sees Continued Momentum with Large Enterprises Deploying Its Finance Solutions
More Global Organisations Deploy
Workday also announced a record number of deployments for its core finance offerings — Workday Financial Management, Workday Adaptive Planning, and Workday Strategic Sourcing — in its fiscal year 2022 (
Innovation for the
The company's broad portfolio of cloud finance offerings brings new levels of visibility and control that go beyond the boundaries of traditional enterprise resource planning (ERP) systems. Together Workday Financial Management, Workday Adaptive Planning, Workday Accounting Centre, Workday Prism Analytics, and Workday Spend Management, which includes Workday Strategic Sourcing, deliver a deep and comprehensive solution for enterprise planning and analysis across all finance processes.
Specifically, Workday continues to drive innovation across its solutions to help global customers:
- Become decision-ready with the Workday intelligent data core . Workday offers a unique architecture that allows finance teams to harness the power of data by blending operational and transactional data into a single source. Workday Accounting Centre, built on this foundation, represents a fundamental change in the way finance teams manage external transactions by dramatically simplifying the transformation of high-volume operational data into accounting.
- Adapt to changing business conditions with continuous planning. Workday Adaptive Planning enables customers to collaboratively forecast and budget with driver-based planning and what-if scenario modelling. Predictive forecasting, powered by machine learning, enables easy evaluation across multiple scenarios, such as changing market conditions, regulatory changes, or currency fluctuations, in order to rapidly adapt to change.
- Modernise accounting and procurement processes. Workday increases efficiency by embedding machine learning into core processes. With Workday Financial Management, finance teams spend less time on transaction processing and are empowered to focus more on strategy and analysis to drive the business forward. In addition, Workday Spend Management automates the source-to-pay process and provides complete visibility to help finance and purchasing departments strategically manage costs, minimise out-of-policy spend, and optimise purchasing power.
Comments on the News
"Leading organisations recognise that today's environment requires faster, more flexible finance processes to work at the speed of business," said
"Workday leads the way with an intelligent data core that allows customers quick and reliable access to financial and operational data for planning, analysis, and execution – all within Workday. As a result, an increasing number of large, complex enterprises are replacing their legacy technology with Workday to accelerate their digital transformation efforts and help them drive breakthrough performance."
"In finance, change is everywhere, and the new battlefield is software applications that can cope with rapid change," said
Workday is a leading provider of enterprise cloud applications for finance and human resources, helping customers adapt and thrive in a changing world. Workday applications for financial management, human resources, planning, spend management, and analytics have been adopted by thousands of organisations around the world and across industries — from medium-sized businesses to more than 50% of the Fortune 500. For more information about Workday, visit workday.com.