Consolidate and Close

Financial consolidation made easy.

Workday gives you the ability to keep your existing accounting systems-of-record, but fully automate the financial consolidation, reporting, and period-end close process.

Consolidate financial data across your entire corporate hierarchy.

Drill down from the financial statement on multiple dimensions.

Automate consolidation tasks like eliminations and currency translations.

Harvard Business Review: Cloud-Based Finance for the Talent-Driven Enterprise
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Gartner-FEI Study Helps You Understand the CFO's Technology View in 2016
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Financial Management Momentum Shifting to the Cloud
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Consolidate and close with confidence.

Streamline your financial consolidation and period-end close and gain greater visibility into financial results across your organisation.

  • Take full control of consolidation, elimination, and currency conversion, and define unique rules.
  • Support rules for complex ownership scenarios like investment in a subsidiary or equity pickup.
  • Use the period close work area, business process, and checklist to improve your days-to-close performance.

Multidimensional reports in one system.

Securely produce financial reports with speed, accuracy, and multidimensional drill-down.

  • Publish your financial statements securely in a board-ready format on any device.
  • Manage your reporting dimensions, organisational structure, and fiscal periods easily.
  • Report across multiple aspects of your business, such as legal entities, cost centres, locations, and more.

Account for everything.

Automatically bring in accounting data from multiple systems-of-record with pre-packaged integrations. With Workday, you gain a complete picture of your financial data across your organisation.

  • Map data elements from your existing general ledgers using worktags in Workday to create multidimensional reports.
  • Consolidate accounting journal data from subsidiaries with error handling and a full audit trail.
  • Import accounting data either at a summary trial balance level or with fully-balanced journal detail.