ACCOUNTS RECEIVABLE

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An Alternative to Traditional Systems

Workday Revenue Management delivers all the features of a traditional Accounts Receivables system and much more. Workday looks at the big picture of revenue management, including contracts, billing, revenue recognition, and cost of revenue. Revenue Management addresses the entire billing-to-cash process to provide a real-time, paperless system that yields insights, not just journal entries.

Workday Revenue Management supports all of your Accounts Receivable needs:

• Customer Master
• Sales Items
• Invoicing
• Cash Receipts

Traditional Accounts Receivable systems were designed and built as sub-ledgers to create journal entries from sales invoices.  While receivables accounting is a necessary task, it is not able to provide insight into more relevant business questions, such as: What is the best way to recognize revenue for our business? And, who are our most profitable customers?

Workday Revenue Management provides a complete picture of the revenue that is coming into your business, including receivables as well as contracts, billing, and opportunities. Revenue recognition rules and customer analytics provide you with the flexibility to analyze your operational effectiveness. Revenue Management also helps companies track the cost of revenue, including cost to sell, cost to close, and cost of an opportunity—which ultimately leads to customer profitability.

Read more about Workday Revenue Management.