Workday Financial
Management is transforming enterprise finance
A financial
management system is the methodology and software that an organization
uses to oversee and govern its income, expenses, and assets with the objectives
of maximizing profits and ensuring sustainability. Empower your
organization with a full range of financial capabilities, relevant analytics
and reporting, and fully auditable process management.
- Get quicker and more relevant insights via detailed drill-down analysis through multiple dimensions.
- Ensure proper regulatory compliance, such as separation of duties and data privacy, with unified process controls and security.
- Achieve instant global consolidation across multiple entities and currencies without a multi-step consolidation process.
- Manage standard financial processes more efficiently with convenient work areas.
- Transform financial and management reporting
with composite reports that offer the power and flexibility of a spreadsheet
but with enterprise-class control and performance.
Uses of Workday Financial
Management
Build for a new level of
insight: Equip
your managers and executives with the information they need to make sound
business decisions. Workday allows you to capture the details of every
financial transaction—including the who, what, where, and why—to better serve
and inform all teams, not just finance.
Designed for change: The
innovative Workday technology enables you to respond to organizational,
business process, and reporting changes as they occur—even after deployment,
without additional cost.
Created for finance and business users: The
intuitive user interface in Workday enables business customers and finance
professionals to navigate the application with minimal training. Executives and
line management also benefit from the Workday experience, with easy access to
information that impacts their day-to-day business decisions.
Planning: Financial planning in Workday
takes advantage of real-time financial data to streamline the planning process
and accelerate time to action. It enables organizations to more efficiently
create and execute enterprise financial plans. Rather than navigating multiple
systems or extracting and loading data, cross-functional teams can create,
collaborate, and take action on budgets and forecasts all within Workday. And
as business objectives and market dynamics change, budgets and forecasts can be
easily adjusted and shared with key stakeholders across your organization.
Financial module integrated with SAP called SAP FICO can be learnt from SAP FICO training by Learn IT Training.
Accounting and Finance: Workday
Financial Management supports all the accounting and finance functionality that
global businesses require.
Beyond the General Ledger: Workday
delivers the capabilities of a traditional general ledger by capturing and
storing richly described business events. You can produce the same high-quality
financial accounting and reporting that a traditional general ledger delivers
but without the limitations of a rigid code-block structure.
Global requirements, including
multicurrency, multilanguage, multibook, and more, are built into the core
system to support organizations that do business around the world. Learn more
about General ledger from SAP SimpleFinance training. This approach to account processing allows organizations
to significantly streamline their chart of accounts, ultimately leading to a
faster and more accurate financial close. Workday can model multiple operating
entities, companies, or business units and easily complete intercompany transactions.
It seamlessly handles other key capabilities such as allocations, journal
processing, and consolidations.
Learn IT is a trusted and preferred online
training partner for corporate and
professionals, a premium Workday online classes provider which imparts online
training in different IT specializations. We train students globally from
India, UK, USA, Australia, Canada and many other countries.
Register today for free demo on your chosen
training platform: Click Here
For more details..
Visit: www.learnittraining.com
Email: contact@learnittraining.com
Phone: India +91 9912989639, USA +12108585008
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