Workday Unifies Financial and Workforce Planning With Transactions in One Cloud System

PLEASANTON, CA--(Marketwired - Sep 27, 2016) - WORKDAY RISING -- Workday, Inc. (NYSE: WDAY), a leader in enterprise cloud applications for finance and human resources, today announced the availability of Workday Planning, the first planning, budgeting, and forecasting application that unifies financial and workforce planning in one system when combined with Workday Financial Management and Workday Human Capital Management (HCM). Organically built as part of Workday, the new application is designed for today's dynamic business environment, allowing key stakeholders across an organisation to collaborate on planning and continuously adapt to business changes in order to drive growth and performance. More than 50 organizations have already selected Workday Planning including CityMD, City of Orlando, and Netflix.

A Unified Planning System Built for Change
The world of financial and workforce planning today is disjointed, with data residing across multiple systems and silos of spreadsheets that require finance, HR, and business leaders to spend considerable time on manual calculations to ensure data integrity, rather than analysis and driving business outcomes.

To support the faster pace of business -- whether it's mergers and acquisitions, adopting new business models, or global expansion -- organisations need to be able to make in-the-moment decisions about the future.

In response to market and customer challenges, Workday is delivering a new approach to enterprise planning that enables customers to:

• Configure Planning to Business Needs: Customers can define their plan structure for financial or workforce planning by month, quarter, or year, and use the plan generator to create baseline plans using historical or real-time finance and HR data in the system.
  
  
• Collaborate Across the Business: Planning teams can use Workday's worksheets, which bring the familiarity and functionality of a spreadsheet into Workday's secure enterprise environment, to create models and scenarios leveraging live transactional data, and then partner with key stakeholders to iterate and finalise a budget, forecast, or headcount plan. 
  
  
• Continuously Plan and Execute on Budgets: While executing on plans, organizations can leverage real-time financial and management reporting capabilities with built-in analytics and visualisations to drill-down to track progress and make adjustments to budgets and forecasts as business or market shifts occur.