Our initial phase focused on building the profit and loss (P&L) model, including revenue, headcount, expenses, and capital, for both Workday and Adaptive Insights. That we were able to do this in just over two months is incredible and is a testament to what the Adaptive Insights Business Planning Cloud is going to mean for our FP&A organization.
While it’s still early days, we are already starting to unlock to possibilities. Let’s look at two specific areas where we’re already seeing benefits: revenue modeling and headcount planning.
On the revenue side, we’ve built a model that pulls together scheduled revenue, renewals, and forecasted bookings. On top of that, we added two new dimensions, product and region. With a static spreadsheet, this is simply too much data to try to model.
Headcount planning is critical for Workday because employees drive our company forward. We want to make sure our headcount planning supports the growth of the business, and that the costs associated with employees are fully modeled out. We built this model in Adaptive Insights Business Planning Cloud as part of our initial phase, leveraging the position and compensation data from Workday. We look forward to using the deeper capabilities that are part of the new Adaptive Insights for Workforce Planning solution announced today, including skills-based planning.
These early successes will give my team more time to act as a strategic partner to the business. On the revenue side, we can collaborate more fully with sales and the rest of the finance organization. On the headcount side, we have time to partner with recruiters and managers on the hiring that helps us grow.