Close And Consolidation Software

Close, consolidate and report all in one system.

A consolidated income statement in close and consolidate software.

what you can do

Close and consolidate with confidence.

Easily consolidate results from multiple companies and non-Workday financial systems in real time. We automate the reconciliation, consolidation, reporting and close process so everything is done accurately in one system.

KEY CAPABILITIES
  • Global consolidation
  • Period close process
  • Period close dashboard
  • Real-time financial reporting
  • Complex ownership rules

  • Account reconciliation and certification
Financial results dashboard showing income statement and pie graph for quarterly expense analysis.

View consolidated results any time. 

Wondering what your financial results look like during the period? Close and consolidation in Workday provides real-time currency translations, intercompany eliminations, non-controlling interest, equity pickup and retained earnings calculation.


83% reduction in time to close.

—Designit

 

Run a more efficient close.

Period close metrics showing bar graph of days to close along with a progress monitor table.

The financial close is a complex but critical process. Workday streamlines closing so you can spend more time analysing results.

Bring in data from any source.

Integrate finance data from external systems and enrich, transform and analyse it at scale – all within your system of record.

Use the period close business process to automate tasks, route approvals, send reports and more.

Close faster with in-memory accounting and reporting that delivers instant insight, with fewer reconciliations along the way.

Prioritise work with delivered dashboards for period close, account certifications and more.

Enable finance to view results throughout the period with real-time reporting that gives you the most accurate view of your financial statements.

Account certification dashboard showing balance sheet certification progress and number of account certifications. 2020R1

Reconcile accounts the easy way.

There's no need to move data out of Workday to verify account balances. Account reconciliation and certification are automatically embedded in the transaction system.

Operational analysis dashboard showing operating expenses by cost center and P&L by quarter.

Gain business insight from your financial system.

Say goodbye to the limitations of a traditional accounting code block. With Workday, you can analyse financial results by any dimension, such as:

  • Spend by supplier
  • Customer profitability
  • Spend by campaign
  • Project activity

See how we get you live fast.

Ready to talk? Get in touch.