Workday Procurement handles all the traditional activities associated with purchasing goods and services—requisition, order, receipt, matching, and payables initiation—while also addressing the unique challenges faced by today’s business environment. Strict compliance with company policies, slicing and dicing of purchasing data, workflow routings and approvals, supplier collaboration and services requisitioning are all critical. When combined with Workday Financial Management, Workday Procurement provides end-to-end support of the procure-to-pay process for both goods and services.

Streamlined Purchasing

Workday Procurement automates the purchasing process while providing the service, control and reporting needed by all participants in the procure-to-pay process.

• For requesters, a familiar and easy-to-use experience inspired by the consumer web.
• For professional buyers, spend-management tools including workflow routings that inform them of all purchase activity and multi-dimensional reports that analyze spend by item, category, organization, requester or other relevant dimension.
• For managers, approval routing that provides both information and the final say on departmental spending.
• For accountants, a built-in internal control and accounting policy provides accuracy and confidence in “the numbers” coming out of the procure-to-pay process.

Manage end-to-end purchasing requirements

• Complete Procure-to-Pay Support: Seamless workflow from requisition to settlement, including all accounting postings when combined with Workday Financial Management.
• Spend Management: Purchasing data is aggregated and available for analysis using Workday Business Intelligence , providing both summary and detailed views to buyers and other workers across the enterprise.
• Embedded Workflow and Approvals. Workday's Business Process Framework is embedded in purchasing, so all workflow roles, routings, and approvals are automatically applied to purchasing.
• Built-in Accounting Logic. Workday allows the professional accountants to predefine procure-to-pay accounting policies that automatically generate accurate accounting entries, eliminating the inefficiency and inaccuracy that occur when operational workers are responsible for account coding.
• Integrated Internal Catalog. Choose from a catalog of vendors and items that can be purchased, based on your business' specific relationships and buying needs.
• Service Procurement. Manage and streamline the unique processes associated with the purchase of services , including everything from contingent labor to contract manufacturing.

Explore Workday Procurement

Requisitions | Purchasing | Services Procurement