How Automation and Machine Learning Are Reshaping the Finance Function, Part Two
Take a deeper look at the specific use cases of automation and machine learning across finance, and what they mean for traditional, day-to-day finance activities.
Finance
News, trends, and insights for finance leaders and professionals.
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How Automation and Machine Learning Are Reshaping the Finance Function, Part One
Here's how more advanced methods of automation, including machine learning, can help CFOs transform the finance function to be more of a strategic advisor to the business.
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Innovation for a Changing World of Finance
Workday’s finance solutions are designed to help customers excel in the changing world of work. Check out a series of videos that showcase our latest product innovations that help finance teams increase agility, effectiveness, and insight.
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Organizational Agility: The Importance of Measurement
Our recent global research reveals why organizations need robust, accurate metrics to help them understand real-time performance and unlock organizational agility at scale.
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The Journey to Becoming an Agile CFO
Without organizational agility, businesses will find it difficult to innovate. Katie Rooney, CFO at Alight Solutions, shares how she thinks about organizational agility from the perspective of a finance leader.
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Banks Should Focus on Core Competencies, Not Tech, in Their Digital Transformation
Banks that seek to leverage technology more efficiently, but don’t strive to be technology firms themselves, are best positioned to deliver the future of financial services, writes Jerry Silva of IDC Financial Insights.
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The Evolution of IMC’s Tech Revolution
Executives from IMC, a global market maker that buys and sells securities, discuss their technology journey with Workday and how that has evolved from both an IT and cultural perspective.
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CFO Perspective: How to Think About Innovation and Risk
Innovation requires companies to step outside of their comfort zone. Workday Co-President and CFO Robynne Sisco shares four key things to think about when weighing the risk-versus-reward nature of innovation.
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How Your Professional Services Firm Stacks Up Against the Competition
In the webinar, “Best in Class KPIs: Benchmarking Your Professional Services Business,” Jeanne Urich, managing director of SPI, shares compelling data from her company’s 2019 Professional Services Maturity Benchmark.
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Why a ‘Culture of Compliance’ in Banking Should Be Second Nature
Banks that adopt compliance as a cultural practice find they gain the agility and efficiency necessary for long-term success.
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Adventist HealthCare: Transforming Supply Chain Management
Like other healthcare organizations, Adventist HealthCare faces pressure to improve efficiencies due to changes occurring across the industry. See how they're handling operational challenges and driving innovation.
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Finance Leaders on Their Journey to Business Collaboration
Digital technology has prompted finance organisations to improve business partnering capabilities. If finance leaders go back to the basics of business partnership, can they help drive real business value?
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WSJ CFO Network Meeting: Five Ways to Drive Innovation
Sean Boyle, CFO at Amazon Web Services, shared five ways CFOs can positively impact business innovation at the Wall Street Journal CFO Network Annual Meeting in Washington D.C.
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Energy Efficiency Expert CLEAResult Increases Productivity and Visibility with Workday
CLEAResult, a professional services company, shares how it improved operational efficiencies by moving to a single system for finance, HR, planning, and professional services automation (PSA).
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Dayton Children’s Hospital: Deploying Supply Chain Management
The corporate director of supply chain at Dayton Children's Hospital shares his team’s experience deploying a new supply chain management system, benefits they’re already seeing, and their collaborative partnership with Workday.
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Workday Earns High Performance Ratings from Healthcare Providers
Workday is a Top Performer in KLAS Research’s "ERP 2019 Performance in the Cloud" report, which reflects high ratings from our customers on product capabilities and our commitment to supporting their success. Here's how we ranked.
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Workday Named a Leader in Gartner Magic Quadrant for Cloud Core Financial Management Suites for Midsize, Large, and Global Enterprises for Third Year in a Row
We believe that for Workday to achieve this recognition year after year reflects our ability to deliver new functionality and continuously innovate, which helps our customers better manage risk, identify new opportunities, and keep pace with change.
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Counting on Change in the Accounting Industry
For the accounting industry’s long-term health, KPIs need to change. Here are a some ways firms can move in the right direction.
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Workday eBook: Three Steps to a Stronger Healthcare Organization
How can healthcare organizations decrease costs and improve quality of operations and care? Check out three proven steps.
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Workday Podcast: Navigating the Ongoing Complexities of GDPR
It's been nearly a year since the General Data Protection Regulation (GDPR) went into effect. Marcel Pieters, with Deloitte Consulting B.V. in the Netherlands, provides a closer look at how businesses are managing GDPR and its impact across the world.
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How IT Consulting Firm BNB Has Gained Insights and Increased Profitability
The chief operating officer at Business Network Builders (BNB) explains how using Workday has helped the IT services company increase project profitability, improve employee engagement, gain insights into resource needs, and more.
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Why Insurers Are Putting the Back Office in the Driver’s Seat
After having spent years on enhancing front-end customer experiences, wise insurance carriers are taking a hard look at the rest of their outdated systems and moving them to the cloud. Read more to learn why.
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Workday Podcast: The Forces Shaping Financial Services
As the pace of change in technology and business continues to increase, the financial services industry must evolve to keep up. Experts from Deloitte discuss the latest technology trends affecting financial services companies and what leaders need to do to stay innovative.
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Workday Podcast: Aon CFO on Global Risk, Smart M&As, and Data-Driven Insights
CFO Christa Davies shares insights from her experience overseeing some of Aon's largest acquisitions, including the importance of cultural fit. She also shares her thoughts on managing risk in today’s world, and the data-driven insights gained by having finance and human resources data on a single cloud platform.
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2019 Outlook for Finance: Leading Through Turbulent Times
We dug into the research and also asked Workday global customers, executives, and partners for their take on how CFOs and other finance leaders are thinking about this year's challenges and trends. Here’s what we learned.
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Workday CFO: How Businesses Can Plan for Uncertainty
In 2019, businesses can plan on one certainty: uncertainty. Workday Co-President and CFO Robynne Sisco discusses two key areas that finance teams and business leaders should be focused on this year.
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In Good Company: Finance Leaders Share Their Priorities
As a CFO, what happens to your role as the world around you continues to change? In this episode of In Good Company, filmed in London, we sat down with finance experts from Longitude and Workday to discuss finance leaders' priorities that emerged from a global research study.
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Workday Receives Top Healthcare Ranking for Second Year in a Row
We’re proud to announce that for the second year in a row, we’ve been named Best in KLAS in ERP for our finance, HCM, and supply chain management solutions for healthcare, and a leader in talent management. Here's a look at some enhancements we've made based on healthcare customer feedback, and how we're building an even stronger community together with our customers.
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How Finance Leaders Can Be Catalysts for Enterprise Change
Jim O’Connor, who leads the Global Business Advisory Practice at The Hackett Group, shares why enterprise leaders who engage with their finance teams early on in the strategic planning process have far better outcomes.
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Advancing Analytics: The Path Forward for Finance Leaders, Part Two
In the second part of this blog series, we look at two other areas that are critical to advancing analytics in the finance function: strategic business partnership and leadership. Read more to learn how CFOs can keep moving their organizations forward on the advanced analytics journey.
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Advancing Analytics: The Path Forward for Finance Leaders, Part One
Today’s CFOs have an eye on more than just the bottom line. They are watching the horizon, predicting what’s coming, and charting the course ahead. In this two-part blog series we examine three areas that are critical for advancing analytics in finance, starting with the core technology foundation.
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Global Finance Leader Study: Three Ways CFOs Can Plug the Finance Skills Gap
CFOs want to use digital technologies to drive innovation within the finance function, but they face a big problem: lack of relevant skills. Read about this finding from our "Finance Redefined: Workday Global Finance Leader Survey," and learn the three steps finance leaders can take to address this issue.
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Global Finance Leader Study: Data Science Is Most Important Expertise for Future Finance Team
What are the emerging roles and needed skills of the future finance function? Read the interesting results from our global “Finance Redefined: Workday Global Finance Leader Survey,” and why CFOs and other finance leaders find these skills so important.
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How We’re Helping You Prepare for IFRS 17
IFRS 17, which goes into effect in 2021, represents one of the most significant shifts to insurance accounting requirements in 20 years. Workday and Aptitude Software have partnered to create a seamless integration between Aptitude’s IFRS 17 solution and Workday Financial Management to help companies transition to the new reporting standard.
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Global Finance Leader Study: Why CFOs Must Find Common Ground with Their HR and IT Peers
To keep pace with the demands of the digital economy, companies need strong collaboration across their major assets: capital, technology, and people. Our "Finance Redefined: Workday Global Finance Leader Survey" reveals the key roadblocks that stand in the way of better cooperation among the critical triumvirate of the CFO, CIO, and CHRO.
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Global Finance Leader Study: Why the CFO Must Also Be the Chief Collaboration Officer
Do CFOs collaborate effectively with their marketing, operations, HR, sales, and IT peers? Our “Finance Redefined: Workday Global Finance Leader Survey”—which gauged the views of more than 670 senior finance leaders around the world—revealed that the answer is “no” in many cases. Learn the three things CFOs can focus on to strengthen collaboration with others in the C-suite.
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Solving Global Business Challenges with Workday: Q&A with Aon’s VP of Finance Solutions
In Gaelic, the word Aon means “Oneness,” a fitting name for a company that has grown through more than 500 acquisitions to become one of the leading professional services firms in the world. As the company has grown, so has the complexity of managing the business. Jim Kendall, vice president of finance solutions at Aon, discusses the challenges of running a fast-changing global business, his views on innovation and risk, and how a global, unified finance and HR system has made an impact on the business.
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How Workday Student Is Empowering a Culture of Success at Indian River State College
At Workday, we are extremely proud that Indian River State College, whose overriding mission is to enable the success of students, is the very first higher education institution to go live on Workday Student. Paul O’Brien, vice president for institutional technology and CIO, and Meredith Coughlin, assistant dean of enterprise systems at IRSC, discuss their Workday experience and the power of one unified system.
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Global Finance Leader Study: European CFOs Share Their Priorities
What does the future of finance leadership look like for those in France, Germany, and the UK? Learn about CFOs' priorities and concerns around regulatory issues, advanced analytics, collaboration with CEOs, and more from findings in the "Finance Redefined: Workday Global Finance Leader Survey."
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A Top Priority for Today’s CFO: Having Confidence in Your Data
While there is more data available than ever before, many companies and their finance teams struggle with how to use it effectively. Workday Co-President and CFO Robynne Sisco explains how having a single source of truth empowers managers with data, provides richer insights, and improves business partnerships and conversations.
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The Top Three Challenges Global Companies Face, and How to Solve Them
Global companies are grappling with increased complexities and challenges, especially as they expand into new markets. Here's a look at three significant sources of those challenges, and how leveraging advances in financial systems and having a single source of truth for data can make a big difference.
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Global Finance Leader Study: How CFOs Can Create an Analytics-Driven Culture
There’s a difference between understanding the benefits of advanced analytics and putting them into practice. Findings from our "Finance Redefined: Workday Global Finance Leader Survey” reveal that the successful use of advanced analytics hinges on an organizational culture that is focused on data-based decision-making rather than intuition.
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Global Finance Leader Study: Unlock the Power of Advanced Analytics by Combining Finance and Non-Finance Data
Our “Finance Redefined: Workday Global Finance Leader Survey” reveals that only a minority of CFOs are using advanced analytics across key areas of finance today. Given that advanced analytics has so much to offer, why have many CFOs yet to fully embrace their potential? Read more to learn about the roadblocks to leveraging advanced analytics and steps organizations can take to overcome them.
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Planning and Forecasting for the Professional Services Firm of the Future
Wouldn’t it be nice to have a crystal ball that allows you to gaze into your firm’s future? With the proper business processes, measures, and systems in place, you can more easily forecast which clients and services lines are expected to deliver the most revenue and allocate budget and resources to support them.
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Global Finance Leader Study: How Finance can Transform Risk Analytics for a Data-Rich World
Organizations face many risks, and finance leaders play a critical role in putting in place the capabilities, processes, and tools to manage risk. Yet our recent research report, “Finance Redefined: Workday Global Finance Leader Survey,” found that only 39 percent of finance leaders are highly confident in their ability to manage their top risks. Learn about the key barriers that enterprise organizations face when it comes to risk management.
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Midsize Companies: Buyer’s Guide for Back-Office Transformation
As they look to expand, midsize companies often realize that their current systems and processes across finance and HR aren’t going to support their ability to scale and grow. But with all the noise in the technology market, the process for finding the right system can be daunting. Download this guide to learn how to scope your business requirements, evaluate vendors, get the most out of a demo, and choose a deployment approach.
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Ryan, LLC on Finance, Technology, and Its Roadmap for the Future
Ryan, LLC helps its global clientele of Fortune 500 companies alleviate the challenges of complex tax codes. Their workforce must be able to keep up with changing regulations and requirements, which requires the right talent and systems. Justin Bitner, director of financial management systems at Ryan, discusses the benefits of Workday's unified system and the approach they take to change management.
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Global Finance Leader Study: Finance Leaders Share the Top Risks that Matter Most
CFOs operate in an increasingly volatile business environment, exacerbated by the rapid rate of change in the world today. Learn about the top seven risks that weigh most heavily on the minds of finance leaders, based on findings from our "Finance Redefined: Workday Global Finance Leader Survey"
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Global Finance Leader Study: Four Priorities Defining the Future of Finance
Workday has released its global “Finance Redefined: Workday Global Finance Leader Survey,” which surveyed more than 670 finance leaders on the future of the finance function and finance leadership. Based on the findings, four priorities will continue to have a significant impact on finance and its ability to support business needs: resilience, intelligence, leadership, and talent.
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MoneySuperMarket Talks Finance and People Evolution with Workday
MoneySuperMarket Group, a member of the FTSE 250 Index, helped UK consumers shopping for insurance, money, and home services products save an estimated £2 billion in 2017. Technology is central to everything the organisation does, and Shawn Ramsay, group operations director, shares how they transformed their existing finance and people systems with Workday.
