Workday Procurement addresses the unique requirements of both goods and services procurement. From the requisition process all the way through payment, Workday Procurement extends Workday HCM and Financial Management by supporting and managing the information, policies, and processes relating to the acquisition of goods, services, and contingent labor. Workday's unified applications even provide a global, holistic perspective on the real cost of the workforce and corporate spend.
With Workday Procurement, you can:
- Configure requirements, approval workflows, spend authorizations, and spend freezes for better control over spend before it occurs.
- Apply different rules and restrictions for specific organizations around the world.
- Track and manage the breadth of goods, service, and contingent-labor vendors.
- Gain visibility into the workforce, spending trends, and economic impact to the organization with a unified procurement, HCM, and financial management systemy.