Financial Management

A fresh approach to financial management.

See how Workday Financial Management helps you make faster, better strategic decisions that have more predictable outcomes.

Unified global financial insight.

Workday Financial Management goes beyond the basics of accounting and focuses on speed, agility, cost, and insights. These unified applications include a full range of finance and accounting capabilities, real-time business insights, and fully auditable process management. With functionality uniquely designed for companies in specific industry verticals – including financial services, software and Internet services, education, government, and non-profit – Workday applications support global organisations with multinational financial reporting requirements.

Product Spotlights

Composite Reporting: Financial Insight Reimagined

Learn how Workday Composite Reporting provides the power and flexibility of a spreadsheet, but with enterprise-class performance and control.

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Global Financials: Consolidated in Real Time

See how Workday Financial Management allows you to run consolidated financial statements across multiple entities and currencies in real time—and without lengthy batch processes.

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Financial Dashboard: Take Action on Insights

Discover how you can use Workday's financial dashboard to visualise data, dive into the details, and gain deep insight into your business.

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Mobile Flexibility: Workday Financial Management

See how easy it is to add content to your financial dashboard online and then access it on your mobile device while you’re on the go.

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Workday Financial Management

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TripAdvisor Case Study

Customer Case Study: TripAdvisor

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Accounting: GL, AP, AR, and beyond.
Accounting: GL, AP, AR, and beyond.

Workday Financial Management gives you the tools to achieve the highest levels of business performance and financial excellence.

  • Get immediate visibility into financial performance with real-time, comprehensive financial and operational reports
  • Process transactions more quickly and accurately, without compromising control
  • Accommodate multi-entity, multi-book, and multi-currency requirements for global organisations
  • Manage your global business with country-specific configurations and language translations
  • Ensure compliance with gapless sequential journal numbering regulations across the globe with enhanced document sequencing
  • Adapt and accommodate new business and regulatory requirements as they arise without additional customisations or technology investments
  • Ensure proper security and support compliance efforts with embedded controls and an always-on audit trail
Automate and Control Your Cash Flow
Cash Management: Automate and Control Your Cash Flow

Streamline payment processes and gain greater control and visibility over the lifeblood of your business: your cash flow.

  • Track and manage your business bank accounts
  • Automatically reconcile bank statements
  • Use a single settlement engine to manage all payments generated across your entire business, including payroll, supplier payments, employee expense reimbursements and customer refunds
  • Gain real-time visibility into cash balances and more accurately forecast cash flow with embedded analytics
Manage All Your Business Assets
Manage All Your Business Assets

Workday combines the traditionally separate domains of fixed assets and inventory with the ability to manage and account for all your business assets – from high-value, low-cost assets like laptops and mobile phones to intangible, high-value assets like rights and licences. And it all happens in a single, unified system.

  • Manage your asset roster, depreciation, and lifecycle accounting
  • Define, track, and account for both tangible and intangible assets
  • Track low-cost and zero-cost items that have high value or liability (e.g., mobile devices or security badges)
  • Assign custody and responsibility of items to workers to prevent cost leakage and security risks due to worker turnover
  • Account for business assets according to accounting rules and track according to business use
Real-Time Financial Reporting
Real-time Financial Reporting

By combining a unique, event-driven accounting approach with built-in controls and a robust multi-company, multi-currency model, Workday securely delivers financial records and reports with speed, accuracy and complete auditability.

  • Get immediate visibility into financial performance with real-time, consolidated reports
  • Reduce the time spent compiling, reconciling and consolidating data from fragmented systems
  • Transform financial and management reporting with composite reports that offer the power and flexibility of a spreadsheet, but with enterprise-class control and performance
  • Enable finance to provide improved business-decision support
  • Generate reports on the fly with flexible, ad-hoc reporting
  • Securely access financial reports from anywhere using a web browser or mobile device
Controls: Adhere, Audit, Adapt
Controls: Adhere, Audit, Adapt

Workday eliminates the need for bolt-on governance, risk and compliance (GRC) systems with built-in controls at the transaction level that ensure proper security, separation of duties, transparent business processes and comprehensive auditing.

  • Configure and monitor business processes and workflows
  • Adapt business processes whenever changes are needed without having to reimplement your financial system
  • Report on transactions and get full audit reports on any and every transaction processed in the system
  • Configure security access policies and ensure separation of duties
  • Manage all your business controls centrally, while allowing for variations for local regions or specific countries

See Workday Financial Management in action

Featured customer

TripAdvisor Workday Customer