Financial Close & Consolidation Software

Workday’s close and consolidation software automates consolidations, allocations, currency translations, intercompany eliminations, and account reconciliations in real time. It also handles complex ownership rules, non-controlling interest, equity pickup, and retained earnings calculations whenever you need them.

By eliminating batch processing and replacing it with in-memory accounting and reporting, financial close software delivers instant insight with fewer reconciliations along the way. Transurban, for example, reduced their month-end close from more than a week to just a few days after deploying Workday.

Workday supports audit readiness with complete data lineage, built-in controls, consistent workflows, and always-on audit trails. Teams can trace consolidated results to supporting transactions and provide evidence more efficiently. AI-native reconciliation automates completeness checks, identifies exceptions, and certifies eligible accounts, helping finance address issues earlier and strengthen confidence in reported results.

Traditional tools often move data between separate accounting, reconciliation, consolidation, and reporting systems, creating delays and additional reconciliation. Workday unifies continuous accounting, global consolidation, AI-native reconciliation, and real-time reporting on one financial foundation. It automates complex consolidation activities while preserving complete data lineage and always-on audit trails. Finance teams gain continuous visibility into close progress and can analyze results by customer, supplier, product, project, worker, and other business dimensions—going well beyond a traditional accounting code block.

Yes, Workday allows finance teams to bring in data from external systems and enrich, transform, and analyze it at scale within a single system of record. This connectivity ensures consistency between operational data sources and the final consolidated financial statements.