revenue management

Seamless revenue management from contract to cash.

Workday Revenue Management gives you ultimate flexibility to manage contracts, billing, collection, accounting, and analytics all from a single system. Plus, built-in support for ASC 605, ASC 606, and IFRS 15 enables smooth migration and dual reporting.

Contract and revenue management software hero image

Run “what if” scenarios to see the impact of ASC 606 and IFRS 15.

Compare multi-element revenue scenarios using different assumptions.

Manage comprehensive price lists and customer contracts.

2017 Magic Quadrant for Cloud Core Financial Management Suites
Read report
It’s Time to Prepare for Revenue Recognition Changes
Read blog
Make Finance Transformation Work
Learn more

Get a complete view of your customers and contracts.

With revenue management software from Workday, you gain a full view of your customer interactions and entitlements in one place. Spend less time reconciling and more time anticipating and fulfilling customer needs.

  • Gain real-time insight into the full contract life cycle, from sales to billing and collections.
  • Provide a seamless experience throughout the quote-to-cash process by integrating with CRM systems, including out-of-the-box integration with Salesforce.
  • Support multi-element contracts and ensure task completion with a configurable contract checklist.
  • Automatically track contract renewal terms and pull insights from renewal reporting.
  • Support your global business while meeting local regulations.

Flexible and smart revenue recognition.

With robust scenario modelling, flexible dual reporting, and always-on auditing, you can confidently comply with ASC 605, ASC 606, and IFRS 15.

  • Facilitate dual reporting for contracts both inside and outside of Workday.
  • Model various revenue scenarios to make better decisions that impact your P&L and operations.
  • Support multi-element revenue allocation and accounting adjustments based on various methods across linked contracts.
  • Manage multi-year revenue schedules with escalation clauses.
  • Capitalise and amortise contract acquisition costs, such as sales commissions.

 

Accelerate cash flow with robust pricing and billing.

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

  • Maximise pricing flexibility and automation with effective-dated, multidimensional price lists on sales items.
  • Support a variety of billing arrangements, including usage-based, subscription, time and materials, fixed fee, prepaid, milestone, and more.
  • Automatically generate configurable billing schedules and instalments when creating contracts.
  • Use customer risk scoring and a centralised collection dashboard to reduce bad debt.
  • Provide always-on audit capabilities that document changes as they happen.