Resource Management

Workday Resource Management consolidates the tracking, management and accounting for all physical and intangible resources, such as fixed assets, inventory, leases, licenses and expensed items. By separating the accounting and tracking decisions, it allows all business resources to be accounted for according to accounting rules and tracked according to business use.

Tracking for today's enterprise

Traditional asset management solutions do not match the reality of today's service-based economy. Not all assets and expenses fall into traditional, manufacturing-based categories, especially for people and service-oriented businesses. For example, with Workday Resource Management, an enterprise can track expensed cell phones by worker as well as store and issue capitalized bulk-purchased laptops.

• Separate accounting from tracking. Track any purchased resource according to how it's used in the business—whether a cell phone plan, laptop, or product inventory—without being restricted by how it's accounted for. The accurate accounting transactions are captured and recorded automatically according to accounting policies.
• Multiple accounting treatments. For each resource, accountants select the appropriate accounting method—capitalize and depreciate/amortize, stock and issue, one-time or recurring expense.
• End-to-end asset accounting. Automated calculation of depreciation expenses using multiple depreciation methods and posting of resulting accounting entries.
• Streamlined workflow from requisition to use. Once a resource is requisitioned, Workday uses management policies pre-defined by accounting to automatically apply the accounting rules, tracking approach and required asset information.