SOLUTIONS FOR FINANCE

Finance’s toughest challenges, solved.

Only Workday puts AI and machine learning (ML) at the core, providing a future-ready approach that turns finance from trackers of value to creators of value. Forward-thinking finance teams choose Workday to manage their people and their money.

 

OUR BEST-IN-CLASS SOFTWARE

Perfectly suited for organizations of all sizes.

Financial Management

Accounting, payables, receivables, cash and asset management, auditing, analytics, reporting, and more.

Workday Adaptive Planning

Financial planning, workforce, sales, and operational planning, as well as analytics for the entire enterprise.

Spend Management

Expenses, procure-to-pay, strategic sourcing, and inventory management.

Payroll and Workforce Management

Scheduling, time and attendance, absence management, and payroll.

Analytics and Reporting

Financial, workforce, and operational analytics; benchmarking; and data management.

How Financial Institutions Can Harness The Power of AI and ML

OVERCOMING CHALLENGES

Go beyond the numbers: creating value with Workday. 

In today’s dynamic business landscape, CFOs are at the forefront of driving organizational agility. But legacy ERP systems can’t keep up. Now, imagine finance as a trusted business partner, creating value by providing insights that propel the business forward. 

Man and woman looking at data on device

Trust your data, every time.Boost ROI with a complete view of your money, your people, and what’s driving profitability.

Data distrust leads to missed opportunities.Make confident decisions in real time and maximize ROI. Workday is the only platform with native dimensionality to manage your people and money—all in a single system.

Woman smiling holding tablet

Save time. Reduce costs. Increase control.Maximize efficiency and expedite transactions, reporting, and closing processes with Workday AI.

Lack of efficiency during closing and reporting wastes time and money.Modernizing finance today without AI is impossible. That’s why we embedded AI and ML into the foundation of Workday, providing touchless automation for manual, repetitive, and predictable finance processes and transactions.

Man speaking to team

Build a team focused on the future.Create value today with modern systems that attract the next generation of finance talent.

Legacy systems fall short for the finance teams of tomorrow.Attracting, retaining, and empowering the best and brightest workforce—your next generation finance team—comes down to one thing: adopting innovative technology that creates a truly modern experience.

Man and woman looking at tablet

Future-proof your business and easily adapt to change.

Embrace change with a finance solution that’s ready for reorgs, regulatory changes, and M&A activity.

Traditional ERP can’t keep up with the changes in today’s business.Today’s CFOs need agile finance solutions that can easily handle changes such as  mergers and acquisitions, reorgs, and regulatory and reporting requirements. Built with a flexible architecture, Workday enables you to future-proof your business against unpredictability.

Four people collaborating

Predict the future with greater forecasting accuracy.

Leverage Workday AI to analyze unlimited scenarios and create predictive forecasts.

Lengthy planning and forecasting cycles can’t support a dynamic market.Proactively anticipate change and quickly respond to external events with a planning solution that empowers finance to build sophisticated models with ease, analyze unlimited scenarios on the fly, and leverage AI and ML to create predictive forecasts.

Woman smiling

Be prepared for whatever costs are ahead.

Create a culture of strategic spend management, driven by real-time insights.

Spending blind spots and stale data stifle business growth.The key to being prepared for change is having a deep understanding of what really drives costs. Workday provides real-time insights into all aspects of spend, enabling a culture of continuous cost containment, so you’re always prepared for what’s next.

"Workday has changed our business and the experience of our people - the whole company is working in an agile construct."
— Transformation, Communications & People Executive

WHY WORKDAY

Today’s CFOs need Workday.

Today’s CFOs need to provide the business with real-time insights, agile finance processes, and an elevated user experience built for the next generation of finance professionals—all at the speed of business. Today’s CFOs need Workday.

Seamless data. Deeper insights.

A unified system that transforms business data into accounting, simplifies accounting creation, and provides complete data lineage back to the source transactions.

Streamline processes with Workday AI.

Workday AI detects anomalies, identifies exceptions, and makes recommendations—eliminating manual and redundant processes along the way.

 

Modern experiences. Empowered employees.

Workday leverages natural language for instant access to information, continuously creating opportunities to upskill teams with technologies such as machine learning.

A leader in 2023 Gartner® Magic Quadrant™ for Cloud ERP for Service-Centric Enterprises

A Leader in the 2023 Gartner® Financial Planning report.

Workday Financial Management FAQs.

What is Workday Financial Management?

Workday Financial Management delivers a single system to support transaction processing, multidimensional reporting, consolidation, and compliance - all with a consistent user experience accessible from desktop or mobile devices. Built on an adaptive, global foundation that provides organisations with the core financial management capabilities expected from an agile cloud solution. It goes well beyond just managing financial processes to achieve greater insight, improve financial consolidation and reduce time to close, instill internal control and auditability, and achieve consistency across global operations.

 

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We’ve built Workday to be open and extensible. You can pair Workday’s best-in-class applications with deep best-of-breed industry solutions and other cloud business applications. No compromises.

 

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Unlike ERP systems with disparate applications, Workday brings best-in-class finance and HR applications into one powerful system. And with an intelligent data core that seamlessly connects your financial and people data, you have the insights and agility to make the right moves, and make them with confidence.

We support you every step of the way, from a rapid deployment to working with you side by side to ensure lasting success.

 

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See how our customers achieve measurable impact. Our industry-leading 97% customer satisfaction rating tells the whole story.  

 

Western Sydney Airport

Deakin University

Opteon

 


Learn more about the next-gen finance solution.

Ready to talk? Get in touch.