In the Words of Our Customers
This kind of comprehensive functionality is why more than 6,000 customers—including KeyBank, Apex Capital, H&R Block, and Reily Foods—have selected Workday Adaptive Planning. It uniquely combines an intuitive user experience with the scalability and agility to support the power to adapt, all in a single, unified platform.
“Before Workday, we utilized numerous different systems,” said Joseph Huffman, senior vice president and-finance director (management reporting and profitability) at KeyBank, one of the top 25 banks in the U.S. “And it felt disjointed. Oftentimes, we ran into situations where we would try to get one answer. And it would be a different number in different systems. With Workday Adaptive Planning, the whole one version of the truth was something that was very appealing to us, and the idea of getting onto one platform and one platform for our general ledger, for our management reporting and eventually our adaptive planning and forecasting as well.”
For Apex Capital, the capability to not only plan but also execute and analyze in real time was a game changer. “Workday Adaptive Planning has united our organization with a single source for planning,” said Ashley Stone, financial planning and analysis manager at Apex Capital. “We’re able to seamlessly integrate financial and workforce data from Workday Financial Management and Workday Human Capital Management into our plans, giving us an accurate, real-time view of our business. This has been a game changer for our team and the value they deliver to the business at large.”
More Innovation to Come
Moving forward, we are making significant investments to support our product strategy in these four areas.
Machine learning (ML). Workday Adaptive Planning will include ML Forecaster, which automatically generates a comprehensive and accurate forecast by allowing users to incorporate historical or third-party data, such as weather data or labor statistics. ML recommendations surface as you go through your planning process in Workday Adaptive Planning, not in a separate application.
Continued investments in enabling companywide planning. We are reimagining the user experience for planning personas outside of traditional FP&A to enable more business users to engage in the planning process. Each business unit will have its own planning environment while preserving the ability to bring all the pieces together into a holistic plan.
A centralized home for modeling and data. We are investing in Planning Center, which is a central repository for both planning models and data across the entire organization. Planning Center will allow dimensions, formulas, and models to be created once and shared across the organization, so planners in different business units don’t have to debate on numbers.
Scale and performance. We have customers with plans that cut across hundreds of dimensions and 100,000 levels or planning entities. But we know the work of scale and performance is never complete. Workday has five patents approved and in force for Elastic Hypercube Technology and nine patents pending to ensure the scale and performance needs of even the largest enterprises.
The modern planning practices I’ve detailed here are a guide for businesses to chart their futures in an ever-changing world. Agility is now more important than ever, and companies must embrace a new model or risk being left behind.