revenue management

Meet new revenue recognition standards with ease.

Workday Revenue Management covers the complete contract-to-cash life cycle, giving you flexible ways to automatically manage contracts, billing, and accounting all from a single system. Plus, built-in support for ASC 605, ASC 606, and IFRS 15 enables smooth migration and dual reporting. 

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Run “what if” scenarios to see the impact of ASC 606.

View revenue trend by category for each scenario to plan more effectively.

Compare scenarios by revenue category to select the one that suits your needs.

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Get a complete view of your customers and contracts.

With Workday, you gain a full view of your customer interactions and entitlements in one place. Which means you can minimise time spent reconciling and bring greater value to your organisation.

  • Gain insight into the full contract life cycle, from sales and revenue recognition to billing and financial statements. 
  • Integrate with Salesforce and other CRMs to gain visibility and control across the quote-to-cash process. 
  • Support multi-element contracts and integrate easily with other contract management systems.
  • Ensure completion of tasks with a configurable contract checklist.
  • Simplify control and compliance by tracking all contract changes at the line level.
  • Automatically track contract renewal terms and extract insights from renewal reporting.

Enable flexible revenue recognition.

With robust scenario modelling, flexible dual reporting, and a full audit trail, you can master the transition to ASC 606 and IFRS 15 with confidence.

  • Model revenue recognition scenarios using our unique revenue scenario tool to make more-informed decisions.
  • Facilitate dual reporting and easy auditing with our unmatched alternate contract feature.
  • Support multi-element revenue allocation and accounting adjustments based on various methods across linked contracts.
  • Easily capitalise and amortise contract acquisition costs, like sales commissions and more.

Accelerate cash flow and reduce bad debt.

Workday provides robust billing and predictive AR collection to effectively manage receivables.

  • Support a variety of billing arrangements, including time and materials, fixed fee, prepaid, usage-based, subscription, milestone, and more.
  • Automatically generate configurable billing schedules and instalments when creating customer contracts. 
  • Track order fulfilment and automate revenue recognition. 
  • Gain insight into accounts receivable, including past activity, overdue balances, and ageing history from a centralised dashboard. 
  • Support your global enterprise while meeting unique local requirements.

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