Workday Financials Management Solution

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Governance, compliance, and multiple sets of accounting rules are constantly changing. Are you confident your systems are up-to-date?

The role of the financial professional has greatly expanded in the past several years to include corporate governance and control. Workday offers the first and only enterprise financial solution built with these requirements as part of the core. To help navigate this new world, Workday offers:

  • Support for business and Human Resource (HR) accounting transactions.
  • A framework for internal control and audit.
  • Robust financial reporting and business performance management.
  • A fresh solution that addresses all external and internal requirements.

More information on Workday Financials:

Video: Workday's Financials Philosophy Product Preview: Workday Financials Product Preview

Do you know how much your employees are spending? Do you know how much you're spending on acquiring and retaining workers?

Workday Worker Spend Management HRIS (Human Resource Information System) Screenshots

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Your workforce represents a huge percentage of your company's operating costs. For almost every business, managing and understanding the total workforce cost—spend on workers, by workers, and for workers—is essential for success.

  • Spend on workers: Track the company assets that are too small or insignificant for your fixed assets system (e.g., laptops, mobile phones, and other individual equipment).
  • Spend by workers: Spend Management provides all of the insight available in traditional ERP expense systems, but also tracks spend by worker. This can help measure and reduce unnecessary or excessive spending by individual or team.
  • Spend for workers: Talent acquisition and training can become significant expenses if not tracked and analyzed properly. Workday can provide this insight for better understanding of your acquisition and on-boarding costs.

Workday provides a single system-of-record that combines time and expense with end-user requisitioning. Finally, a reliable way for finance professionals to gain control and insight of all worker-initiated spend.

More information on managing “the spend” in your organization:

Forrester Research Report: Shape Your Apps Strategy Webinar: Worker Spend Management

Are the costs of your ERP applications impossible to forecast because of unforeseen patches, upgrades, and reimplementations?

The ability to predict costs should be simple with today's technology, but traditional on-premise ERP applications are inherently unpredictable.

Workday brings an end to surprise charges by offering a modern, subscription-based Software as a Service (SaaS) solution. You are not required to buy any hardware, software, middleware, or databases. Workday makes all updates and upgrades on-demand and on a continuous basis, which means you always know how much you're spending-now and in the future.

More information on the ROI of SaaS:

Whitepaper: Total Cost of Ownership Whitepaper Report: The ROI of SaaS by Forrester Research