DIGITAL FINANCE TRANSFORMATION

Five ways we accelerate digital finance using Workday.

At Workday, we use our own digital finance solutions to scale and grow. Discover the practices that enable us to run finance better than ever—and how you can do the same.

OUR FINANCE BEST PRACTICES

Workday SVP of Business Finance, Mike Magaro

Driving strategic decision-making.

Accurate predictions help bring business goals within even closer reach. With on-demand forecasts using real-time data, we can better assess the impact of decisions on top-line growth.

What we’ve achieved.

Increased planning velocity

More visibility into the 3-year plan

Greater collaboration between finance and operations

Workday SVP Accounting, Tax, and Treasury, Barbara Larson

Building a decision-ready organization.

Taking fast action calls for data-driven insights. That’s why we put all our data—finance, people, and operational—to work in the same place where decisions get made.

What we’ve achieved.

75

Workday Prism Analytics use cases for finance using 15+ data sources

150,000

management reports run across all lines of business annually

28,000

Workday dashboards run across all lines of business

Workday Chief Accounting Officer, Philippa Lawrence

Embracing frictionless finance.

Less time spent on manual tasks means more time for strategy. Our automation and machine-learning technologies streamline processes and free up finance leaders to focus on what really matters.  

What we’ve achieved.

99.35%

automated journal entries

100%

automation of cash flow

5,300

invoices per month made with touchless invoice creation

Workday Vice President Finance, Kinnari Desai

Adopting continuous, company-wide planning. 

It’s easier to navigate uncertainty with data you can trust. Full visibility into accurate, timely data allows us to easily plan for multiple scenarios—and make updates whenever conditions change.

What we’ve achieved.

4x

increase in what-if scenario planning

50%

reduction in time to run a what-if scenario

50%

reduction in reporting cycle time

 Workday Director Global Procurement, Lindsey Kirchberg

Enabling high-performing procurement. 

Strategic sourcing is an asset for any business. Our unified data foundation makes the procurement process more efficient—helping teams get what they need, fast. 

What we’ve achieved.

4

systems consolidated into 1

226%

increase in sourcing projects per manager

49%

increase in sourcing project volume


Learn more about our solutions for finance.

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