Workday creates a more efficient close by reducing friction across finance business processes.
Instead of moving data across systems and reconciling data, Workday uses machine learning to capture transactions, scan details, route and balance transactions across team members, recommend appropriate accounting treatment, and detect anomalies. All while maintaining the rich transaction details you need, instead of stripping them away.
As you transact, Workday automates the creation of accounting, intercompany eliminating entries, and currency translation, making it easy for multinational organizations to run their business around the world. You can also create accounting from operational data sets using an accounting rules engine in the same system of record.
These processes run continuously, so finance gets the real-time insight needed for reporting and planning. And by eliminating manual data entry, you can spend more time on analysis, work at the pace of the business, and measure KPIs and metrics that matter such as DPO and DSO.