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Financial management made easy.

Bring your accounting, consolidation, planning, procurement, projects, reporting, and analytics into one financial management system. Financial management software from Workday gives you unparalleled insight and a state-of-the-art foundation for transactional efficiency and control.

The result? More time to tackle your biggest challenges, like driving strategic planning and finding the best paths to profitability.

Drive growth while managing costs.

Quickly gain a more complete and accurate picture of your business.

Equip leaders with relevant, contextual financial insights on any device.

Embrace organisational, process, and reporting changes without business disruption.

Use one version of a single system across your entire organisation.

Accounting and finance.

Go beyond the basics of accounting. Financial management software from Workday gives you real-time business insights and fully auditable process management.

  • Process transactions faster and more accurately while maintaining control.
  • Transform financial and management reporting with composite reports that offer enterprise-class performance.
  • Adapt business processes as requirements change, with the controls finance needs.
  • Manage controls centrally while accommodating subsidiary-, country-, or region-specific variations.

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Audit and internal controls.

Increase efficiency and reduce the cost of internal and external audits. Workday was created post-Sarbanes-Oxley, so audit and internal controls are built into the system.

  • Leverage a comprehensive and undefeatable record of transactions with complete audit trails.
  • Easily aggregate financial and operational records for audits.
  • Reduce cost and maintenance complexity with built-in security controls.
  • Use live data to make better business decisions.

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Revenue management.

Manage the entire contract-to-cash life cycle with a single finance system and easily adapt to evolving regulations.

  • Speed up cash flow while minimising errors in financial reporting.
  • Easily shift to new revenue recognition standards and reduce audit costs.
  • Automate billing processes for different types of products and services.
  • Improve business forecasting with real-time visibility into revenue streams.
  • Integrate easily with third-party contract management systems.

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Management reporting.

Management reporting in Workday goes beyond the basics of financial reporting. It provides the information you need to more effectively support the business.

  • Equip managers with financial information to help them make more-informed decisions.
  • Know the current state of your business at all times.
  • Report across any and all aspects of your business.
  • Create management reports using the same transactional data as financial statements.

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Financial planning.

Workday Planning allows organisations to create, collaborate, and take action on budgets, plans, and forecasts in one system that leverages real-time transaction data.

  • Generate baseline plans using native Workday data with the option to refresh in real time.
  • Import existing Microsoft Excel workbooks to preserve data, formats, and formulas, and link to Workday transaction data to create driver-based models.
  • Integrate your plan and forecast data into executive scorecards so decision-makers can quickly assess performance against actuals.

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Expenses.

Allow your workers to easily enter their expenses and streamline expense reporting, all at lower costs.

  • Capture receipts and submit expense reports on any device.
  • Ensure rapid adoption with a consumer-like experience on desktop and mobile.
  • Reduce administrative work by leveraging employee data in Workday Human Capital Management.
  • Automate expense management processes while ensuring control.
  • Gain real-time visibility into employee spend with multidimensional analytics.

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Procurement.

Workday Procurement isn’t just a goods and services acquisition tool. It is a comprehensive, indirect spend management solution.

  • Streamline all aspects of procurement, from requisitioning to payment.
  • Manage the RFQ process for goods and services, and compare supplier bids to identify cost savings.
  • Enable suppliers to maintain their own data, like address and settlement banking instructions.
  • Configure approval workflows and spend authorisations for better control.
  • Understand spending trends and economic impact to the organisation.

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Inventory.

Get a fresh approach to traditional internal materials management. With Workday Inventory, you can transform a tactical discipline into a strategic partnership.

  • Receive and track items under lot and/or serial control.
  • Define and place inventory in locations based on usage type.
  • Physically count inventory and record adjustments from your mobile device.
  • Replenish stock automatically and issue comparable items when a requested item is out of stock.
  • View inventory cost by spend category to understand what’s being consumed.

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Projects.

Plan, staff, manage, forecast and analyse projects and talents to empower your people, satisfy your clients and increase profitability. Support the complete projects life cycle, from resource assignment to billing.

  • Easily view key project details, including project budget, forecast and plan, resource demand, utilisation, project status, and more.
  • Automate billing and revenue recognition to streamline the contract to cash cycle.
  • Access always-current project data, expense reports, and time entry on any device.

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