In today’s world, organizations must have solid planning strategies in place to achieve their goals for growth and success. Yet despite their best efforts, many struggle with budgeting and forecasting technologies that don’t provide the insights they need.
We’ve heard about these challenges from our customers over the years, and this week, Workday launched Workday Planning. Workday Planning is 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). This new application is designed to help our customers approach planning in a more unified, collaborative, and continuous way so they can focus on driving performance.
In building a product that truly meets our customers’ needs, Workday partnered with several organizations across different industries to design Workday Planning. Two of those organizations are Brown University and the City of Orlando—both Workday Financial Management and Workday HCM customers. In a recent interview, Susan Howitt, who recently retired as associate vice president for budget and planning at Brown University, and Brian Battles, deputy chief financial officer for the City of Orlando, shared their current planning challenges, what excites them about Workday Planning, and what it’s like to be a customer design partner with Workday.
What are your organization’s biggest planning challenges?
Howitt: It’s difficult to manage and consolidate budgets across the entire university. We have four different schools and getting budget input from each one requires a lot of back and forth, and time spent consolidating information. We really needed one central system for both finance and planning in order to further reduce manual work and administrative burden.
Battles: As a municipal government, we need to ensure our budget is balanced, current, and accurate at all times. The challenge we have is making sure all of the appropriate parties, from finance managers to leadership, are aligned on the budget. Much of the communication is done through emails, phone calls, and meetings, so there is no real way to track budget feedback in one place. This can also result in version control issues.
What unique opportunities do you see with Workday Planning?