Consolidate and Close

Financial consolidation made easy.

Workday gives you the ability to automate the financial consolidation, reporting, and period-end close process.

Consolidate financial data across your entire corporate hierarchy.

Drill down from the financial statement on multiple dimensions.

Automate consolidation tasks, such as eliminations and currency translations.

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Consolidate and close with confidence.

  • Streamline consolidation by automating elimination and translation tasks.
  • Gain real-time insight into consolidated financial results.
  • Support subsidiary, non-controlling interest activity, and equity pickup ownership scenarios.
  • Reconcile and certify account balances without leaving the core system of record.
  • Use the period close work area, business process, and checklist to close faster.

Multidimensional reports in one system.

Securely produce financial reports with speed, accuracy, and multidimensional drill-down.

  • Publish your financial statements securely in a board-ready format on any device.
  • Manage your reporting dimensions, organisational structure, and fiscal periods easily.
  • Report across multiple aspects of your business, such as legal entities, cost centres, locations, and more.

Connect everything.

Automatically bring in accounting data from multiple systems of record.

  • Map data elements from your existing general ledgers to create multidimensional reports.
  • Consolidate accounting journal data from subsidiaries with error handling and a full audit trail.
  • Import accounting data either at a summary trial balance level or with fully balanced journal detail.