Video: Q&AI: How Will Artificial Intelligence Impact the Role of the CFO?
In the first installment of the Q&AI video series, Sayan Chakraborty, co-president of Workday, explains how artificial intelligence is transforming the finance industry.
Finance
News, trends, and insights for finance leaders and professionals.
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Workday Again Named a Leader in the 2023 Gartner Magic Quadrant for Cloud ERP for Service-Centric Enterprises
We’re thrilled to be named a Leader in this category for the second time since the category’s inception last year. With artificial intelligence and machine learning built into its core, Workday Enterprise Management Cloud unlocks the potential of our customers’ processes, data, and people.
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Bridging the Gap Between Finance and HR Delivers Positive Business Outcomes
By joining together to plan, measure, and optimize talent, finance and HR can elevate workforce planning, taking it from a static exercise that attempts to guess future needs to an active process that’s able to adjust to constantly changing operational realities.
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The Need Greater Planning Performance Scalability
Organizations, especially large ones, need a planning platform that can handle big, complex models without compromising user experience. Learn how Elastic Hypercube Technology (EHT)—Workday’s next-generation, in-memory architectural engine for Workday Adaptive Planning—is making that possible.
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How Can You Make the Switch to Continuous Planning?
By envisioning and preparing for what’s ahead, organizations can be far more agile, proactive, and successful.
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CFOs Look to Address the Finance Talent Gap With AI and ML
Artificial intelligence (AI) and machine learning (ML) could prompt finance leaders to adopt automation more widely and rethink ways to provide value to the enterprise. A recent Fortune webcast highlighted what opportunities the new technologies might offer.
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Is Now the Time to Move to a Cloud Planning Platform?
Combat analysis paralysis by first assessing your current planning tools and then imagining an ideal partnership.
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The Future of Insurance: Aiming for Agility
Rising climate change risks, heightened consumer expectations, and a dearth of tech talent loom large among the insurance industry’s near-term issues and opportunities. Industry experts share how these demands—and more—will shape the industry in the years to come.
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Uniting Finance and Human Resources for Better Planning
Organizations that connect their workforce planning with their finance planning are better able to chart their futures in an ever-changing digital world.
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3 Trends That Will Reshape Accounting and Finance in 2023
Technology—including artificial intelligence (AI) and machine learning (ML)—will play a significant role in helping finance leaders retain talent, achieve accounting automation, and create value for the enterprise. Philippa Lawrence, chief accounting officer and vice president at Workday, lays out what she sees on the horizon.
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What Is Enterprise Performance Management?
Enterprise performance management (EPM) software enables companies to monitor, measure, and adjust performance across all business units.
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How Continuous Planning Enables Business Agility
When decision-makers have the ability to understand what’s happening with the business now, they can accurately model what is likely to happen in the future.
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How CFOs Are Driving Value With Forward-Thinking KPIs
Finance leaders are increasingly relying on forward-looking and customer-centric key performance indicators to drive business success.
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What Is Financial Management Reporting?
Timely, accurate financial management reporting helps business leaders make informed decisions based on their organization’s financial health. Here are four steps you can take to improve your reporting process and increase agility.
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Why Intelligent Resource Management Matters
For professional services firms facing a tight talent market and far-ranging industry pressures, the usual ways of pairing people and projects require a rethink. We talk with Workday’s Patrice Cappello and Justin Joseph to learn more about how intelligent resource management can help.
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Understanding the Basics: What Is a General Ledger?
Learn how organizations use a general ledger to track assets, liabilities, revenues, and expenses, prepare financial statements, and measure business performance—as well as how technology has enabled greater insights.
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Adaptability Is a Strategic Imperative for Future Success
Traditional planning practices can leave organizations poorly equipped to anticipate and respond to economic or market shifts. Learn how cloud-first modern planning software makes a big difference.
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Workday Global Study: Why the CFO Is Crucial to a Data-Driven Future
Our global survey on digital transformation shows that CFOs have a strong awareness of organizational culture, and they’re poised to initiate change.
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Why Technology Companies Are Choosing Workday
Tech companies face a litany of challenges to stay competitive. Here’s why Salesforce chose Workday Financial Management to drive its next generation of growth.
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Workday Global Study: Financial Services Industry Leaders Share Their 3 Biggest Digital Opportunities
Our survey found that only 38% of financial services leaders are confident in their ability to make data-informed decisions in real time. Workday’s Pete Rutman discusses what this means for the industry and its digital growth.
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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.
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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 recognised 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 organisations 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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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.
