Workday Redefines Enterprise Planning, Budgeting, and Forecasting

PLEASANTON, CA and LONDON, UNITED KINGDOM--(Marketwired - Jun 30, 2015) - Workday, Inc. (NYSE: WDAY), a leader in enterprise cloud applications for finance and human resources, today announced Workday Planning, a new planning, budgeting, and forecasting application. When combined with Workday Financial Management and Workday Human Capital Management (HCM), Workday Planning is expected to be the industry's first system to unify real-time finance and HR data with analytics and enterprise planning. With Workday Planning, organisations will be able to create, collaborate, and take action on budgets and forecasts in one unified system built to continually optimise performance and drive business growth.

Enabling Growth with Collaborative, Continuous Planning
Today's business environment is dynamic; evolving market conditions, increased competition for talent, and a demanding investor audience are forcing organisations to be more agile and meticulous with financial and workforce planning. Current planning systems and point solutions lack real-time insight and often require manual calculations in spreadsheets residing outside of core financial and HR systems. This fragmented approach results in multiple versions of the truth and integration headaches, making it difficult to collaborate and take action at the pace the business requires.

Workday Planning will empower organisations to continuously plan and collaborate to drive strategic business outcomes and performance in line with company objectives across all critical stakeholders, including financial, HR, and operational leaders. Extending the value of Workday's architecture, Workday Planning will enable customers to easily configure business processes, and ensure compliance with embedded controls and an always-on audit trail at every stage of the budgetary lifecycle.

When available, Workday Planning will also enable customers to:

• Easily Generate Budgets: With Workday's budget generator, customers will be able to combine historical actuals and budget data with modeling assumptions to automatically generate a baseline budget without the need for integrations with third-party systems. For example, financial planning and analysis teams can easily apply modeling assumptions such as projected growth rates to revenue and expense data to create a baseline budget.