Harvard Business Review Analytic Services Study: Modern Planning Tools Boost Agility
A new report uncovers a divide between the modern planning tools that organizations want and the ones they have—but also finds growing efforts to bridge the gap.
Finance
News, trends, and insights for finance leaders and professionals.
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The 3 Elements That Will Define the Future of Accounting
Next-generation finance professionals face an increasingly complex set of expectations. Philippa Lawrence, vice president and chief accounting officer at Workday, describes what successful accounting teams will look like going forward.
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Q&A: Workday’s Barbara Larson and Pete Schlampp on the Evolving Finance Function
Workday’s finance and strategy leaders spoke with Boston Consulting Group on how finance at Workday has evolved to support our growth, and the lessons other finance leaders can learn through their approach to data and cross-functional collaboration.
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Scenario Planning: The Reality Check Every Business Needs
The ability to quickly and easily assess potential outcomes—best case, worst case, most likely case—is extremely valuable when variables are constantly changing.
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The Importance of Relationships for Successful ERP Modernization
Many CIOs are in the driver's seat when it comes to deciding their organization's overall ERP strategy. Yet successful transformation requires effective partnership with other stakeholders, particularly the CFO. Learn why building strong relationships across the business is critical to ERP modernization, and the business benefits that come from an adaptable platform.
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Top 5 CFO Questions About Going Beyond ERP
Finance leaders looking to the next generation of enterprise resource planning (ERP) systems must focus on how their software will connect people, operational, and financial data to create value now and well into the future.
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Why Modern Planning Software Is Essential in Times of Uncertainty
For true business agility, companies can no longer rely on spreadsheets, manual processes, and legacy financial planning and analysis (FP&A) technology.
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Is It Time to Automate Your Finance Planning Processes?
Automating repetitive financial planning tasks can reduce errors, shorten cycle times, and increase financial planning and analysis (FP&A) productivity.
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Connecting Retail’s Front and Back Office
Learn why the connection between retail’s front and back office is essential for solid decision-making.
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8 Ways to Supercharge Supplier Contract Management
Learn best practices for creating a supplier contract management strategy to identify supplier gaps and drive savings.
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FP&A’s Role in ESG Planning and Reporting
As demand for disclosure increases, CFOs will need help from their financial planning and analysis (FP&A) teams to meet and report on environmental, social, and governance (ESG) goals.
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Workday Named a Leader in the 2022 Gartner Magic Quadrant for Cloud ERP for Service-Centric Enterprises
We’re delighted to announce that Workday has been recognized as a Leader in the 2022 Gartner Magic Quadrant for Cloud ERP for Service-Centric Enterprises, a new category. Answering the call from our customers, Workday Enterprise Management Cloud transforms the way organizations operate by going beyond the boundaries of traditional enterprise resource planning (ERP) systems.
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CFOs and CHROs Identify Top Factors in Building Sustainable Growth
Finance and HR leaders in midmarket companies say landing key talent and improving operational efficiency are critical for success, according to a new AchieveNEXT survey.
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4 Trends Shaping the European Banking Sector, Part 1
The banking sector has long been ripe for transformation. Yet, legacy technologies have often prevented wholesale digital change. We’ll take a look at two challenges facing the European banking sector and the risks facing organisations on the path to transformation.
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McKinsey Expert: How to Build the Best Team to Support the CFO
As CFOs are tasked with more responsibilities, one way to create greater value across the enterprise is to envision what next-level financial planning and analysis (FP&A) teams will look like. McKinsey & Co. expert Michele Tam identifies considerations for finance leaders looking to the future.
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How Sales Teams Can Successfully Navigate Today’s Environment
In a time when unpredictability is the new status quo, sales teams need a powerful planning tool that can help them course-correct with precision and speed.
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There Is a Golden Opportunity for Finance Leaders in APJ
New research from Workday finds that many chief financial officers (CFOs) are worried about their acceleration gap—the shortfall between the pace of change driven by new opportunity, and the ability of an organisation to capitalise on it. The challenge appears to be particularly acute in Asia Pacific and Japan (APJ).
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How to Solve the Challenges of Headcount Reconciliation
Finance and HR routinely produce headcount numbers that don’t match—and that’s a problem.
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Efficiently Navigating International Regulations and Multinational Growth: Can Your ERP Do This?
Shifting regulatory environments, compliance obligations, and tax laws around the globe are increasing challenges for businesses using legacy systems. The Workday Enterprise Management Cloud offers a new approach geared toward the future.
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Beyond Shareholder Value: Strategy and Vision for the Office of the CFO
Companies are asking more of their CFOs than ever before. They’re expected to lead environmental, social, and governance (ESG) initiatives, oversee digital transformation projects, and ensure their teams have the right skills for the future. That’s why finance leaders need the right technology.
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Workday’s Path to a Zero-Day Close: Q&A With Philippa Lawrence
The advent of machine learning, automation, and the Workday Enterprise Management Cloud suggests the era of a continuous close for financial reporting is within reach. Our Chief Accounting Officer and Vice President Philippa Lawrence explains how we’ll get there.
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Workday Global Study: Finance Leaders Are Tech Leaders Now
Our survey reveals CFOs have struggled more than other executives to consistently meet business demands. At the same time, CFOs are increasingly aware they need more reliable, accessible data to be able to decisively lead their organizations forward.
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How Media and Entertainment Leaders Can Thrive Through Transformation
Traditional categories in media and entertainment are quickly melting away. How can leaders in these industries thrive when everything is changing all the time?
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How N26 Is Delivering Digital Disruption Across Global Banking
German neobank N26 is disrupting the banking market and paving the way for a new generation of financial services companies.
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9 Ways to Plan for the Changing World of Finance
To thrive in a competitive and global marketplace, you need exceptional financial forecasting processes and a finance team capable of orchestrating them.
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The Power of Continuous Planning for Retail CFOs
The age of continuous planning for retail CFOs is here, and it is the key to unlocking increased efficiency, lowering costs, and forging a positive path forward, even through disruption.
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Understanding the Basics: What Is Procurement?
Businesses are realizing that strengthening procurement, strategic sourcing, and supply chain management is critical to their success.
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Our Commitments to ESG at Workday
How a company approaches environmental, social, and governance (ESG) issues is more pressing than ever before. Here’s where we’re focused at Workday to help do our part and innovate in the area of ESG.
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Continuous Planning Catapults Finance Forward
As countless businesses have discovered, adopting a culture of continuous planning helps unlock an agile future.
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Why an Intelligent Data Foundation Is Key to Becoming Decision-Ready
How can you get to the underlying financial and operational data that reveals what’s really driving the business? Discover how to overcome common barriers and where to best invest so you can adapt to change as it happens.
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Planning for a Sustainable Future: How Organizations Can Deliver Data-Driven ESG Results
Organizations dedicated to their role in the global movement toward sustainability have put responsible environmental, social, and governance (ESG) practices at the forefront. Deloitte’s Rikki Stancich and Andrew Wood describe how to use Workday Adaptive Planning to assess ESG metrics, determine improvement goals, and report progress.
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These 2 Imperatives Will Help You Close the Acceleration Gap
The gap between the intensifying rate of change and an organization’s ability to keep up with it is a strategic problem with painful results. Here’s what’s required to close the gap.
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Accelerating the Digital Finance Journey: A Four-Step Framework for Value Creation
The enterprise management cloud can help organizations remove friction in their finance processes to achieve greater efficiency and add enterprise value. Workday's Barbara Larson lays out the process.
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CFOs Reveal Top Priorities for Future-Proofing Finance Teams
Workday’s latest CFO Indicator survey asked 267 CFOs around the globe about their plans and priorities for the next five years. Learn how those who were identified as “finance outperformers” are leading the way by investing in skills and technology for the future.
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How the C-Suite Shaped the PGA European Tour’s Digital Drive
The PGA European Tour’s chief financial officer, chief technology officer, and chief people officer discuss finance, IT, and HR transformation against the backdrop of a global pandemic.
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The Top 5 Questions CFOs Should Ask Themselves in 2022
Finance leaders helping to shepherd their companies toward an increasingly technology-enabled digital operating model are demanding more capabilities from their ERP solutions. Addressing five key questions can help enable a smooth transition.
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3 Ways Ralph Lauren Accelerates Procurement
The global sourcing leader at Ralph Lauren shared insights and best practices for driving high-performing procurement at our Conversations for a Changing World digital event.
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How Professional Services Automation Supports the Full Life Cycle of Client-Facing Projects
Discover how a professional services automation (PSA) platform can help services organizations better deliver on client projects and increase efficiency, insight, and customer satisfaction.
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A Generational Shift: The CFO’s Role in Redefining the Future of Work
Finance leaders from Accenture, Cisco, Toyota North America, and Workday shared insights on how they’re thinking about the future of work at a recent event. That includes prioritizing environmental, social, and governance (ESG) efforts and building stronger relationships with employees.
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Global Study: Retailers Excel at Organizational Agility
According to our latest global study, retail organizations are ahead of other sectors in understanding the importance of digital revenue and, more importantly, having the agility to act quickly on opportunities.
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Hospitality Industry Finance Leader Discusses Managing Risk and Agility During the Pandemic
Neil Gribben, vice president of accounting and control at hospitality and leisure company Belmond, met with Workday’s Tim Wakeford to discuss how finance has pushed forward with digital acceleration during the pandemic.
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4 Pillars of an Effective Supplier Management Program
Building out a supplier relationship management (SRM) program doesn’t have to be intimidating. Explore the four pillars of a successful SRM program and best practices for driving supplier performance.
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What Is an ERP System, and Why Workday Is Different
Companies must think beyond a “lift and shift” of their current ERP system to the cloud. Instead, they must uplift and re-shift their systems and processes to align with achieving business goals in the digital age. That’s why Workday, as an enterprise management cloud solution, is different.
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How Continuous Recalibration Helps Your Business Avoid the Acceleration Gap
The pace of business is even faster now as companies plan for life after COVID-19. What's trending today becomes tomorrow’s disruption—and tomorrow’s disruption will eventually define a new way of working.
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Bank of America CEO Highlights the Competitive Advantages of ESG Principles
Although environmental, social, and governance issues aren’t simple, Brian Moynihan advised CFOs in a recent Fortune event to approach ESG metrics in a way that is straightforward, calculable, and deliverable.
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What Is xP&A?
Gartner gave it a name, but the concept of Extended Planning and Analysis (xP&A) isn't new. Learn more about xP&A and what it means for your enterprise.
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The Age of Agility Demands You Lose That Outdated ERP System
The challenge for many CFOs is that the technologies and processes they currently have in place for planning may actually hinder their efforts to achieve agility.
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How Financial Services Industry CFOs Can Better Adapt to Change
Shift happens—again and again. Yet to succeed in an ever-changing business environment, financial services industry CFOs must drive better decision making and flexibility by uniting operational and financial data in an enterprise management cloud.
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Why Both Technology and Soft Skills Are Now Crucial for CFOs
The evolving role of the CFO means that rising finance leaders must now be fluent in technology and human relationships. Panelists at a Fortune virtual conversation shared their unique approaches to leadership.
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CFOs Expect Robust Growth Over the Next Year, Look to Meet Challenges
Finance leaders say they’re bullish on their companies, and want to improve environmental, science, and governance (ESG) reporting and diversity and inclusion efforts, according to PwC’s latest Pulse Survey.
