Workday Supplier Accounts supports the processes and information necessary to effectively manage your vendors, while providing comprehensive supplier information to people across your organization. Workday makes use of electronic commerce and cash-flow process management to efficiently register supplier invoices, manage accounts payable and settlement, and provide supplier collaboration and self-service via a supplier portal.

Managing Supplier Accounts

Workday's Supplier Accounts delivers the accounts payable functionality you expect while providing end users a view of the overall financial relationship with suppliers. Workday Supplier Accounts allows enterprises to capture information that's valuable to business users and finance alike. Combined with Workday Procurement and Workday Banking and Settlement, Workday supports the complete procure-to-pay process.

Workday Supplier Accounts includes:

• 360-degree view of a supplier. Associate suppliers with any business transaction in Workday via "Worktags." Just "tag" a transaction with a supplier and all the pertinent information is available and summarized at a supplier level. The result is an automatically generated and multi-dimensional view of key financial information such as aging, balance, last invoice, last payment and total spend.
• Built-in supplier reporting. Workday's embedded business intelligence provides multi-dimensional, drill-down capability on the most important supplier information - i.e., payables balance or aging - giving end users the ability to view supplier data from any desired perspective.
• Accounts Payable Management. Built to handle both electronic and traditional transactions, Workday Payables simplifies the invoice process. Invoice receipt and entry is intuitive for end users or (preferably) efficiently handled electronically via EDI/XML. And payables balances and details are available both in context wherever a supplier is found within Workday and also via reports.
• Support for multiple forms of payment: Manage multiple forms of payment, both electronically via EFT/ACH and traditionally via checks.

Explore Workday Financial Management

Financial Accounting | Customer Accounts | Supplier Accounts | Cash Management | Resource Management | Expenses | Procurement