revenue management

A single system for contract to cash.

Workday Revenue Management offers a complete contract-to-cash process for more efficient, accurate processing and the simplest path to transition to the new revenue recognition standards. 

Contract and Revenue Management Software Hero Image

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

Take direct action on customer invoices, write-offs, and more so you can spend time on what’s important instead of tracking down what you need.

Quickly view customers that require more assistance to help shorten day sales outstanding (DSO).

Visibility, accuracy, and control.

Workday Contracts allows you to create, approve, and track your customers and customer contracts to maximize visibility and minimize risk to your organization.

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

Invoice, collect, and audit.

Workday Billing automates billing and collection cycles and provides support for complex invoicing and payment terms. It helps your organization increase the accuracy of customer invoices, accelerate cash flow, and shorten 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.

Transition to the new revenue recognition standards with ease.

Is your organization prepared to transition to the new revenue recognition standards? Workday Revenue Management helps you manage, account for, forecast, and recognize revenue according to today’s guidelines.

  • Increase the productivity of your finance organization by automating revenue management processes.
  • Maintain revenue allocations across multielement contracts, establish thresholds, and define the fair value amount.
  • Simplify your transition to the latest revenue recognition standards while keeping a full audit trail of all changes.
  • Support complex revenue arrangements, including automatic revenue allocations based on fair value. 
  • Improve business forecasting with real-time visibility into forecasted 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 ordering, billing, and renewals.

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