revenue management

Improve customer satisfaction. Accelerate cash flow. Reduce errors. Sound like a plan?

With Workday Revenue Management, you can manage the entire contract-to-cash life cycle for more efficient, accurate processes and accounting results.

Contract and revenue management software hero image

Assign risk scores to individual invoices to quickly assess the probability of collecting.

Take direct action on customer invoices, write-offs, and more so you can focus on what’s important, not how to find it.

Quickly view customers that require more assistance to help shorten DSO.

Visibility, accuracy, and control

Workday Contracts allows you to create, approve, and track your customers and customer contracts to maximise visibility and minimise risk to your organisation.

  • Support your desired business process flows to ensure that appropriate personnel are involved in managing contract life cycle events.
  • Capture all contract changes and additions with strong amendment controls.
  • Support various types of renewable and non-renewable contracts.
  • Gain deep visibility into the full life cycle of contracts, from initial sales agreement to payment.
  • Integrate easily with third-party contract management systems.

Invoice, collect, audit

Workday Billing automates billing and collection cycles, and provides support for complex invoicing and payment terms. It helps your organisation increase the accuracy of customer invoices, accelerate cash flow, and shorten day sales outstanding (DSO).

  • Streamline and automate the creation of invoices based on customer-contract billing terms and schedules.
  • Automate complex billing processes for different types of products and services.
  • Consolidate multiple projects with individual bill schedules from a contract into a single invoice.
  • Gain insight into future cash inflows, outflows, and collections with embedded analytics and powerful real-time reporting.

Automate revenue recognition

Is your organisation prepared to adapt and comply with evolving rules and best practices? Workday Revenue Recognition helps you manage, account for, forecast, and recognise revenue according to today’s guidelines.

  • Maintain revenue allocations across multi-element contracts with the ability to establish thresholds and define the fair value amount.
  • Increase the productivity of your finance organisation by automating revenue management processes.
  • Reduce audit costs and comply with evolving standards and regulations for revenue recognition.
  • Support complex revenue arrangements, including automatic revenue allocations based on vendor-specific objective evidence (VSOE), third-party evidence (TPE), or estimated selling price (ESP).
  • Improve business forecasting with real-time visibility into forecast and deferred revenue streams.

Streamline the quote-to-cash process

Workday integrates with salesforce.com CRM to provide complete visibility, automation, and accuracy across the quote-to-cash process through a bidirectional, cloud-to-cloud interface. Developed and supported by Workday, our packaged integration helps streamline your sales cycle for a complete, 360-degree view of your business.

  • Automatically correspond opportunities and sales created in salesforce.com to new opportunities and customers in Workday.
  • Send spend information captured in Workday back to salesforce.com and track spend by opportunity.
  • Improve interdepartmental communication and productivity by taking advantage of transparency between systems.
  • Reduce administrative workloads by eliminating duplicate or manual processes for order, billing, and renewals.

Ready to learn more? Get in touch with us.

Please enter your first name.
Please enter your last name.
Please enter a valid email address.
Contact us

Thanks!

A member of our team will be in touch soon.