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Ready to turn your data into a business asset? With Workday, you gain real-time insight and a flexible system. So you can spot opportunities, uncover risks, and quickly act on what you see.
Automates premiums and claims data integration using automated and scalable finance.
Shortens the close cycle by 25% using financial reporting and analytics.
Increases IT efficiency by 27% using continuous and company-wide planning.
Cuts auction cycle time by 80% using spend management.
Gains 24/7 insights into staff development and improves communication with talent management.
Save time and money on audits and automate your controls. With Workday, you can:
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One Data Source
Foundational data model.
Trust your data.
Policy, claim, and finance data in one platform.
Gain a granular view.
Built-in audit support.
Track transactions with data lineage.
Allow business analysts to map rules.
Quick accounting implementation.
Free up time for IT.
Vet every transaction.
Automated Process Control
Give treasury and risk identical information.
Cash position stress testing.
Identify liquidity risk.
Line of business profitability reporting.
Keep stakeholders informed.
Save time and money on audits and data collection. With Workday, you can:
Policy and finance data in one platform.
Same data source.
Increase agility, capture more policy attributes, and save on data collection cost. With Workday, you can:
Give financial staff identical information.
Drill back to transaction details.
Gain deeper insight.
Improve your policy-level reporting. With Workday, you can:
Built-in FTP calculation.
Quickly analyze profitability.
Automatic premium calculations.
Determine earned and unearned premiums and costs.
Cost and profitability reporting.
Spend less time on manual regulatory processes, comply with new regulations faster, and reduce manual errors. With Workday, you can:
Actuarial remeasurement and finance data in one platform.
Quickly create journal entries.
Empower actuarial assumptions.
Gain accurate insight into policy and financial details.
See reserve changes by product.
Gain visibility into all components of activity-based costing, save on data collection cost, and make decisions faster. With Workday, you can:
Common data model.
Easily calculate activity-based costing.
Allocation rules engine.
Empower business users to set up rules.
Give finance teams identical information.
Gain deeper insight.
Make decisions faster and save on audit and data collection costs. With Workday, you can:
Save time and money on audits and automate controls. With Workday, you can:
Save time on report creation, reduce the cost of data collection, and make decisions faster. With Workday, you can:
Centralize data for new disclosure requirements, commit to science-based targets, and streamline your path to net-zero emissions. With Workday, you can:
Social Reporting for ESG
Measure progress and identify areas for improvement.
Understand workforce composition and more.
Syncs with other features.
Use with analytics, VIBE Index™, and learning.
Supplier Risk and Sustainability
Supplier ESG data collection.
See supplier risk and uncover ways to improve.
Scope 3 emissions reporting.
Report on emissions from supplier spend.
Emissions Modeling and Planning
See the impact of your reduction efforts.
Understand where your material emissions come from.
Report faster and save on data collection costs. With Workday, you can:
Give everyone access to identical information.
Automatic finance reconciliation.
Send reports to regulators faster.
Save time on report preparation, improve data quality, and make decisions faster. With Workday, you can:
Object data model.
Build reports with unlimited dimensionality.
Bring financial, workforce, and operational data together.
Distribute reports based on roles.
Insights to Drive Business
Prompt leaders to take action.
Metrics and scorecards.
Track business performance.
Analyze your business across every dimension.
Analytics and Dashboards
Workday Prism Analytics.
Blend Workday and external data for reporting.
Gain insight into day-to-day operations.
Update planning models faster, save on data collection costs, and speed up decision-making. With Workday, you can:
Claims and finance data in one platform.
Standardized planning models.
Bring consistency to how you plan.
Save time on planning and make decisions faster. With Workday, you can:
Intelligent data core.
Integrated with finance and HCM.
Understand business performance.
Process data faster.
Keep your information secure.
Improve expense ratios, reduce planning cycle times, and make better decisions faster. With Workday, you can:
Create forecasts faster and save time on data collection costs. With Workday, you can:
Hire faster, save time spent on audits, and cut data collection costs. With Workday, you can:
Model hiring and retention plans.
Cost impact modeling.
See workforce costs right away.
See how global attributes impact plans.
Identify how to attract top talent.
Close the skills gap across functions.
Turn plans into action.
Monitor costs, workforce composition, and open positions.
See what’s working and pivot as needed.
Save time on revenue modeling, cut data collection costs, and make decisions faster. With Workday, you can:
Treaty, policy, and finance data in one platform.
Save time on sourcing, complete contracts faster, and improve your relationship with suppliers. With Workday, you can:
Intake and pipeline management.
Streamline the sourcing process.
Speed up the RFx process.
Negotiate better deals.
Stay on top of contracts.
Quickly create and revise contracts.
Bring suppliers in faster.
Manage your supplier relationships.
See your top suppliers.
Save time, improve supplier management capabilities, and close contracts faster. With Workday, you can:
Streamline the contract process and strengthen reporting. With Workday, you can:
Create, approve, and track customer contracts.
Automate based on billing terms and schedules.
Support various contract types.
Aligned with billing.
Gain greater accuracy.
Business process framework.
Leverage built-in governance.
Manage the full quote-to-cash process.
See all your contract data in one place.
Ensure governance and control data access.
Insight into third-party credit data.
Determine customer risk.
Reduce the procure-to-pay cycle time and save on data collection cost. With Workday, you can:
Manage information, processes, and policies for purchasing goods and services in one place.
Intelligently capture processes and invoices to save time.
Ensure transactions adhere to your rules.
Choose who sees what.
Better understand spend.
Reduce the procure-to-pay cycle time and save on data collection costs. With Workday, you can:
Streamline the recruitment process to hire faster and improve engagement. With Workday, you can:
Dynamic candidate workflow.
Speed up the recruiting process.
Send offers faster.
Provide a seamless experience.
End-to-End Talent Acquisition
Internal and external sourcing.
Widen your talent pool.
Interview and candidate management.
Hire as a team.
Connection to compensation.
Send competitive offers.
Allow candidates to search and apply for jobs from anywhere.
Configurable job applications.
Tailor the application to your needs.
Social media connectors.
Reach everyone’s network.
Build a diverse workforce, reduce turnover, and improve engagement. With Workday, you can:
Active Listening Technology
Track engagement, D&I, health, and wellbeing.
Intelligent question targeting.
Ask the right questions.
Ensure consistent feedback.
Employee sentiment insight.
See data in real-time.
Machine learning and semantic search.
Help applicants find the right job.
Impact correlations and benchmarking.
See how you measure up.
Contextual learning and prescriptive actions.
Help your people grow.
Dashboards for everyone.
Enable two-way collaboration.
Get honest feedback.
Reduce HR case volume, improve efficiency, and reduce the total cost of ownership. With Workday, you can:
Data integrity and synchronization.
Offer up-to-date information.
Faster search results.
Provide help at the moment of need.
Meet people where they are.
Survey and feedback loop.
Keep communication open.
Be there for moments that matter.
Keep people connected.
Provide greater self-sufficiency and improve connection. With Workday, you can:
Make processes easier.
Time-tracking, expenses, tax forms, and more.
Take care of everyday tasks.
Offer support when needed.
Take care of business from anywhere.
Chatbot and search.
Meet your people where they work.
Increase D&I insight, build a culture of belonging, and foster a more diverse workforce. With Workday, you can:
Insight to Drive Change
Holistic workforce data.
Gain real-time insight.
Reporting and analytics.
See outcome-based belonging and diversity metrics.
Track your D&I initiatives.
Ensure equitable access to opportunity.
Ensure inclusion and equal pay.
Employee sentiment survey.
Measure how your employees feel.
Foster inclusion and belonging.
Reduce turnover, better allocate resources, and personalize learning experiences. With Workday, you can:
Offer up clear career pathways.
Suggest gigs based on skills and interests.
Give everyone the chance to grow.
Understand the skills you have.
Reports and dashboards.
See skills analytics.
Measure skills against business needs.
Learning and Training
Intelligently suggest learning.
Certification and license tracking.
Keep track of training.
Alerts and notifications.
Send automatic learning reminders.
Realizes $200K net annual cost savings.
Gains greater visibility into performance.
Gains insight into its workforce and financials.
59% reduction in ledger accounts.
Insurance industry insights and trends.
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