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
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
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
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
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
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