Workday Online Training Tutorials | Financial Management & Revenue Management

Workday provides enterprise cloud applications for financial management, human capital management (HCM), payroll, student systems, and analytics. HCM can also be integrated with evolving SAP technology can be learnt from SAP HCM training.

I believe workday will continue to expand. Its product is superior and most widely used software product in many organizations. Workday training makes you to face interesting challenges that you won't run into in a customizable model like SAP or PeopleSoft either.

Revenue Management: Configurable processes give you a 360-degree, cross-functional view of customers. You can integrate with any CRM system and configure contract management, billing schedules, and revenue recognition to help you manage your business in the most profitable way while maintaining customer satisfaction.

Customer and contract manager: Create, approve, and track your customers and customer contracts to maximize visibility and minimize risk to your organization. You can capture all contract changes throughout the life of the contract, and even decouple billing and revenue-recognition schedules.

CRM integration: Workday Financial Management Connector for Salesforce provides (Learn from Sales Force training) complete visibility and accuracy across the quote-to-cash process. Easily integrate opportunity management data from salesforce.com to Workday for streamlined, configurable quote-to-cash process automation. CRM can be integrated with SAP called SAP CRM training provided by Learn IT Training.

Invoice, collect, audit: Workday supports various types of billing and payment terms. It helps your organization automate customer invoices and ensure their accuracy. Reduce the need for manual intervention and minimize revenue leakage thanks to automated, configurable billing processes.

Customer collections: A single source of intelligence allows you to organize shared services centers based on customer behaviors, needs, and contribution size. Workday delivers predictive analytics to help your collections team prioritize customers and invoices based on risk scores. A customer collections dashboard highlights this risk so that you can convert accounts receivables to cash as quickly as possible, and prioritize which accounts require a collector to intervene.

Spend management: Workday spend management applications allow you to drive sustainable bottom-line results through effective control and management of corporate spend and materials assets. Unlike traditional point solutions that are fragmented and difficult to use, Workday offers a practical global approach to spend management that works with Workday Financial Management and Workday Human Capital Management (HCM). You can also learn about financial management from SAP FICO training by Learn IT Training.

Workday expenses: Workday Expenses lets workers capture, approve, and submit expense reports on any device while lowering costs, increasing accounting accuracy, and enabling more-timely reimbursements.

Workday Procurement: Workday addresses the unique requirements of both goods and services spend. From the requisition process through payment, Workday Procurement provides complete procure-to-pay functionality within a single system.

Workday inventory: Workday provides an end-to-end solution for managing all aspects of the materials management process for goods and supplies used within your internal supply chain. In addition to purchasing and receiving goods with Workday Procurement, Workday Inventory offers the flexibility to store inventory items and track how you use and replenish them.

Workday Projects: Workday Projects helps you focus on all of the critical components that make a company successful: people, resources, and work. By bringing these elements together in a suite of enterprise applications, you gain insight into what makes a team or project successful, areas of the company that are weak or struggling, and ways to improve organizational effectiveness. Unlike traditional bolt-on project or work management systems, Workday Projects works with Workday Financial Management, Workday Human Capital Management, Workday Time Tracking, and the worker spend management capability. As a result, you can efficiently plan, track, and analyze your projects, talent, and results throughout the project life cycle.

Project billing: The project billing feature in Workday is designed for organizations that manage and execute billable projects. It gives finance and billing specialists a single secure source of truth to view and act on project, billing, and financial data. Project billing together with Workday Financial Management provides more-accurate customer billing, revenue recognition, margin and profitability analysis, and financial reporting. With Workday, costs are accounted for on time and with limited effort required by your billing and accounting teams.

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