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.
Building a decision-ready organization.
Taking fast action calls for data-driven insights. So we put all our data—finance, people, and operational—to work where decisions get made. Hear Workday CFO Barbara Larson discuss how Workday solutions help build a decision-ready organization.
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
The number of times Workday dashboards are run annually across all lines of business
Embracing frictionless finance.
Less time spent on manual tasks means more time for strategy. Our automation and ML technologies streamline processes and give finance leaders more time back. Hear Workday CAO Philippa Lawrence discuss frictionless finance best practices.
What we’ve achieved.
99.35%
automated journal entries
100%
automation of cash flow
5,300
invoices per month made with touchless invoice creation
Adopting continuous, company-wide planning.
It’s easier to navigate uncertainty with trusted data. Accurate, timely data allows us to plan for multiple scenarios—and adapt quickly to change. Hear Workday Vice President of Finance Kinnari Desai discuss continuous, company-wide planning.
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
Enabling high-performing procurement.
Strategic sourcing is an asset for any business. Our unified data foundation streamlines the procurement process so teams get what they need, fast. Hear Workday Director of Global Procurement Lindsey Kirchberg discuss best practices.
What we’ve achieved.
4
systems consolidated into 1
226%
increase in sourcing projects per manager
49%
increase in sourcing project volume
Driving greater collaboration.
When we work together, everybody wins. So we bring IT and other lines of business to the table to accelerate digital finance transformation. Hear Workday SVP of Business Technology Ernesto Boada discuss finance-IT best practices.
What we’ve achieved.
97.9%
of new features are adopted or on the roadmap
1
enterprise-wide data hub
Greater collaboration between IT and finance