FINANCIAL MANAGEMENT

Finance professionals haven't seen much innovation in financial management systems over the last 20 years. Heavy on-premise implementations, poor user experiences, and high costs of maintenance are assumed as necessary evils. Workday Financial Management offers global businesses a unified finance solution that leverages the benefits of SaaS and Workday Human Capital Management to bring new insights and capabilities to today's finance organizations.

Organizations can achieve the following with Workday Financial Management:

• Economic Advantage: Lower overall application cost by investing in a unified financial system. Governance and controls (GRC) and business intelligence (BI) are already integrated into Workday. The SaaS delivery model also provides several cost advantages to the business.
• Real-Time Information: Get unprecedented global access and real-time visibility into the performance of your business. All reports and analytics are actionable immediately from within the report.
• Improved Operational Efficiencies: Leverage a comprehensive and global financial and accounting core to establish common financial processes and provide visibility into the key performance indicators (KPIs) that are most meaningful to the business.
• Better Control: Effectively manage risk, governance and control by using configurable business processes and controls, configurable security, and a comprehensive audit trail built into the fabric of the system. Every action and transaction that occurs is recorded and auditable; business processes can never be erased or bypassed.
• Stronger Compliance: With a SaaS solution, you are always on the latest release so you can confidently adhere to regulatory requirements as soon as capabilities are available.
• Continued Agility: Respond to market dynamics faster—even after implementation and without a major technology overhaul. Workday is designed to adapt to your changing organizations, process requirements and informational needs.

Core Finance >>

Workday Core Finance is a comprehensive accounting and finance solution, built on a global core to help you manage your financial processes easily and efficiently around the world from a single, unified solution.

Revenue Management >>

Workday Revenue Management helps organizations manage the entire contract-to-cash process with advanced capabilities to handle customer management, contracts, billing, and revenue recognition.

Business Assets >>

Workday Business Assets combines the traditionally separate domains of fixed assets and inventory with the ability to manage high-value, low-cost items such as mobile phones and security badges.