Finance

News, trends, and insights for finance leaders and professionals.

Customers and Community Finance

Drury Hotels Launches Holistic Digital Transformation

By combining a big-picture perspective of the company’s needs with best practices, Drury Hotels increased collaboration and built a digital foundation for the future. The hotel chain’s executives discuss retiring legacy applications, taking security seriously, and helping employees become even better at what they do.

Workday Staff Writers
Finance

Workday Podcast: McKinsey Expert on Environmental, Social, and Governance (ESG) Reporting

Companies are increasingly being asked—and expected—to report on progress against environmental, social, and governance (ESG) considerations. Giulia Siccardo, associate partner at McKinsey and Company, joins the Workday Podcast to discuss trends in ESG, the evolving need to report on it, and what it means for C-suite leaders.

Greg Thomas
Finance Human Resources

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.

Jillian Ogawa
Finance Planning

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.

Patricia Harris
Customers and Community Finance

Coleman Worldwide Moving Enables Better Decision Making

A provider of local, long distance, and international moving services since 1914, Coleman Worldwide Moving is furthering its financial transformation with data reporting and analytics that drive strategic decision making. Alex Chance from Coleman recently shared insights on creating a holistic picture of the company’s financial performance.

Workday Staff Writers
Finance Human Resources

Workday Podcast: CFOs and CHROs Expect Growth Through Adversity

Tom Stewart, chief knowledge officer at AchieveNEXT, discusses key insights from the global “2021 CFO-CHRO Sentiment Study,” including what’s top of mind for finance and people leaders in the coming year.

Bruno J. Navarro
Finance

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.

Bruno J. Navarro
Customers and Community Finance

Retail & Hospitality Industry Summit: Moving Ahead With Agility and Analytics

Business leaders in the retail and hospitality industries at a recent Workday summit talk about how they’re finding a path forward that looks less like surviving and more like thriving.

Jeremiah Barba
Customers and Community Finance

Workday Podcast: How CSA Group Is Enabling Finance Digital Acceleration

CSA Group set out to digitize its financials and reporting processes and unlock new levels of productivity. Hitesh Laxman, director, financial process improvement at CSA Group, and Lynn Hurley, senior vice president, finance consulting, Collaborative Solutions, share learnings from the professional services company’s digital transformation journey.

Greg Thomas
Finance Planning

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.

Bob Hansen
Finance

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.

Pete Rutman
Finance

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.

Bruno J. Navarro
Finance Planning

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, social, and governance (ESG) reporting and diversity and inclusion efforts, according to PwC’s latest Pulse Survey.

Bruno J. Navarro
Finance

Why CFOs Should Expect More than Speed From Their Cloud Provider

CFOs need a cloud provider that helps them quickly close their books and report results. Yet they also should be provided with the needed insights to be able to clearly articulate their strategic vision and discuss future growth opportunities. Read our Q&A with Terrance Wampler, general manager, Workday Financial Management.

Workday Staff Writers
Finance Planning

How Scenario Planning Future-Proofs Finance

Understanding a company’s key variables and how to react to different outcomes can help leaders respond to future challenges—and succeed in turbulent times.

Bruno J. Navarro
Finance Planning

Where CFOs Are Prioritizing Resources to Enable a Frictionless Finance Future

A Workday global survey reveals how finance leaders are looking to invest in digital transformation to address growing data challenges and emerging topics.

Bruno J. Navarro
Finance Planning

Global Study: Finance Leaders Reveal Key Goals and Challenges for Driving Digital Acceleration

CFOs and other finance leaders recognize that future business survival requires greater agility in planning, reporting, and resource-capacity management. And while organizations will employ their own strategy for meeting these goals, a recent survey reveals that most leaders prioritize the adoption of smart technologies and cross-functional skills sharing.

Workday Staff Writers
Customers and Community Finance

Communications, Media, and Technology Summit: Why Innovation Is the Only Way Forward

Business leaders in the communications, media, and technology industries at a recent Workday summit discussed what matters most as they find new ways to reach their customers.

Jeremiah Barba
Finance

Looking Forward: How CFOs Can Leverage Data Analytics to Guide Their Companies

A recent Deloitte report finds high quality data is a top priority for a vast majority of business leaders, but deploying the right solutions is its own challenge. A recent webinar examines real-world examples of what digital transformation can achieve.

Bruno J. Navarro
Finance Planning

Top CFOs Say This Is Their Biggest Pain Point

Finance leaders from a variety of industries came together at a recent Fortune CFO Collaborative event to talk about the critical role of the CFO in a post-pandemic world. Read more for the highlights.

Workday Staff Writers
Procurement Finance

Why Partnering With Diverse Suppliers Is a Win-Win for the Enterprise

Procurement teams have an opportunity to meaningfully contribute to their companies’ diversity and inclusion goals by consciously partnering with diverse businesses, defined as any company that is at least 51% owned by persons identifying with underrepresented groups.

Chris Hong
Finance Planning

Harvard Study: Finance Faces Long Road to Data and Analytics Maturity

This article looks at a global survey of 162 finance managers and senior executives that reveals significant conflicts between finance leaders’ aspirations and how they do their day-to-day work.

Barbara Larson
Customers and Community Finance

Workday Podcast: A Tech CFO Looks to the Future

The disruption of the pandemic affects tech, media, and entertainment companies in many different ways, and the office of the CFO is adapting through it all. On this episode, our guest is Liz Brittain, CFO of cybersecurity company HackerOne.

Jeremiah Barba
Finance

Looking Forward: 8 Trends Impacting the Office of the CFO

Rakesh Duggal, senior manager at Deloitte, connected with Annette Melatti, Workday’s senior director, solution marketing for the office of the CFO, to explore the trends shaping the future of finance and to discuss how finance leaders can incorporate them into their everyday work.

Workday Staff Writers
Finance Planning

Workday Named a 2021 Leader in Gartner Magic Quadrant for Cloud Core Financial Management Suites for Midsize, Large, and Global Enterprises for Fifth Year in a Row

We’re delighted to announce that Workday has been recognized as a Leader in the 2021 Gartner Magic Quadrant for Cloud Core Financial Management Suites for Midsize, Large, and Global Enterprises. We’ve continued to invest in our unique architecture and intelligent data foundation to ensure our customers have the robust analytics and automation they need to respond to a changing world.

Terrance Wampler
Finance

It’s All in the Details: How Data-Rich Subledgers Fuel Financial Agility

Accounting subledgers at financial services companies are data-rich resources hiding in plain sight, waiting to be tapped for insights. This article, the second in a two-part series, explores why combining operational and finance data is essential for business insights.

Angela Borth
Finance Human Resources

3 Myths About Payroll Service Bureaus and Efficiency

To empower your business’s payroll teams to quickly adapt to change, outsourcing payroll services may not be the answer. We look at three myths that prevent payroll from adapting to change — and the realities around what’s needed for efficiency and agility.

Jillian Ogawa
Finance Planning

How to Recalibrate and Plan for a New Normal in Healthcare

The pandemic brought a large dose of uncertainty. But as many in the healthcare industry were still reacting to the initial blow, Vera Whole Health quickly pivoted to deliver its advanced primary care model with increased telehealth services.

Bob Hansen
Analytics and Insights Finance

5 Steps to Becoming a Decision-Ready Organization

Finance is being asked to provide more frequent guidance than ever before and must shift its focus from delivery of core financial processes to providing guidance and strategic partnership across the enterprise—a shift made possible by accelerating digital initiatives and the cloud.

Steve Dunne
Finance

A CFO's Guide to Accelerating Digital Initiatives

How can a business accelerate its move to digital finance in a post-pandemic world? Here are four areas that are driving value, and should be on every finance leader’s radar in 2021 and beyond.

Steve Dunne
Finance

Tech, Media, and Entertainment: Transformation in Real Time

The tech, media, and entertainment industries are changing by the minute with some changes sparked by the pandemic and others accelerated by it. Let’s take a look at the transformation and what it means for the future of these industries.

Jeremiah Barba
Finance Planning

Workday Podcast: How Retail CFOs Are Innovating in Disruptive Times

The retail industry has gone through decades worth of changes since the start of the global pandemic, and retail CFOs are moving fast to ensure their companies are adapting and thriving. Experts from KPMG and Workday talk about this and more on the Workday Podcast.

Jeremiah Barba
Procurement Finance

The Met Illustrates the Power of Partnerships

The COVID-19 pandemic hit right when The Metropolitan Museum of Art was in the midst of digitally transforming its procurement business. Two procurement leaders share their experience and lessons learned through this unexpected journey.

Ghadeer Redler
Customers and Community Finance

Equiniti and Netflix: Finance Transformation in the Age of Disruption

Finance leaders from Equiniti and Netflix share how they pivoted to virtually operating their company’s financials when the COVID-19 pandemic hit, and how they’re better preparing for future disruption.

Workday Staff Writers
Finance

Q&A: Accelerating Corporate Finance Transformation

Financial transformation comes in many forms, and for some organizations, cost and the complexity of their existing environment mean that “rip out and start again” is not a viable option. Terrance Wampler, general manager, Workday Financial Management, shares how finance leaders are approaching agility, complexity and transformation in some unique ways.

Workday Staff Writers
Finance

Journalist Fareed Zakaria on How the Pandemic Will Shape the Future

COVID-19 may have brought with it global lockdowns, but in parallel it has driven the acceleration of digital technologies. During our digital event, Conversations for a Changing World, journalist Fareed Zakaria shared insights about how quickly the pandemic has changed our world, and his thoughts on what’s yet to come.

Steve Dunne
Finance

Q&A: Finance Automation and the Road to Digital Transformation

Automation is becoming increasingly important to the finance function in our rapidly changing world. In this interview with Tom Willman, principal and global practice leader at The Hackett Group, we look at the impact of automation and machine learning on finance.

Steve Dunne
Finance

How Finance Leaders Can Inspire a Culture of Trust and Integrity

More than ever before, employees and customers want to associate with businesses they can trust. Here’s how CFOs and their teams can have a pivotal role in building greater trust in 2021 and beyond.

Steve Dunne
Analytics and Insights Finance

How Banks and Insurers Can Turn Quantities of Data Into Quality Insights

Banks and insurers need to know how unprecedented disruption impacts customer behavior, and consequently, the business. This article, the first in a two-part series, explores why combining operational and finance data is essential for business insights.

Jim Gahagan
Finance Planning

3 Ways Finance Can Help Their Companies Navigate 2021

We’ve entered a new year with a lot of uncertainty still ahead. Workday President and CFO Robynne Sisco shares how finance leaders can help the broader business navigate uncharted waters.

Robynne Sisco
Finance

Workday Podcast: How Finance-as-a-Service Helps CFOs Accelerate Transformation of the Finance Function

Does the on-demand model work for the finance function? Matt Schwenderman, principal global Workday finance lead at Deloitte, and Scott Van Valkenburgh, global alliances and channels lead at Genpact, share how Finance-as-a-Service helps CFOs accelerate digital finance transformation.

Jillian Ogawa
Finance Planning

How Finance Must Rethink Skills to Thrive in the Digital Era

The post-pandemic world, when it arrives, will transform many aspects of business as usual. As a result, CEOs will turn to finance leaders who not only have accounting experience, but also wider operational backgrounds and a broader mix of business experience.

Steve Dunne
Customers and Community Finance

The Power of Digital Acceleration in a Changing World

During our global digital event, Conversations for a Changing World, finance and technology leaders from Deloitte, John Muir Health, and Cushman & Wakefield discussed digital acceleration, adapting to change brought on by COVID-19, and how partnership between the CFO and CIO is essential for success.

Ellen Murphy
Analytics and Insights Finance

How Finance Can Accelerate Digital Transformation—Even in Complex ERP Environments

Digital transformation comes in different forms, and for many organizations, “rip and replace” isn’t an option. Barbara Larson explains how Workday’s enterprise finance solution empowers finance teams to deliver business insights and strategic planning within multi-system environments.

Barbara Larson
Finance Planning

xP&A: All You Need To Know About Extended Planning & Analysis

Gartner gave it a name, but the concept of Extended Planning and Analysis (xP&A) is nothing new. Learn more about xP&A and why it’s more important than ever for your enterprise.

Workday Staff Writers
Finance Planning

How Intelligent Automation Will Transform the Finance Function

As businesses seek to rebound from the global pandemic, the rise of intelligent automation will change the way organizations operate forever. This article examines how technologies such as machine learning will reshape the office of the CFO.

Steve Dunne
Finance Planning

Agility Is the Currency of Success

The latest release of Workday Adaptive Planning illustrates how hard we’ve been working to deliver the kind of innovations enterprises need today.

Suresh Bala
Finance Workday News and Culture

How Workday’s CFO and CIO Collaborate

Workday’s President and CFO Robynne Sisco and CIO Sheri Rhodes share insights on why the finance and IT partnership is more crucial than ever, including how they collaborated in the early days of COVID-19.

Workday Staff Writers
Customers and Community Finance

How Veolia Unlocked Finance Agility During a Global Crisis

Even during a pandemic, many forward-thinking businesses have continued with their digital transformation initiatives. Yael Leblanc, group finance transformation director at Veolia, a global environmental services company headquartered in France, discusses why the shift to a new finance system proceeded as planned despite the global lockdown.

Steve Dunne
Finance Planning

Workday Named a Leader in Gartner Magic Quadrant for Cloud Financial Planning and Analysis Solutions

We’re proud to once again be recognized for our completeness of vision and ability to execute, especially at such a pivotal moment for businesses and economies.

Kshitij Dayal