Drive Flexibility With an Agile Approach to Budgeting
Agile budgeting can help companies build confidence that they’re making the right choices in response to change—and work faster while they’re doing it.
Finance
News, trends, and insights for finance leaders and professionals.
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Workday Again Named a Leader in the 2023 Gartner Magic Quadrant for Cloud ERP for Service-Centric Enterprises
We’re thrilled to be named a Leader in this category for the second time since the category’s inception last year. With artificial intelligence and machine learning built into its core, Workday Enterprise Management Cloud unlocks the potential of our customers’ processes, data, and people.
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Bridging the Gap Between Finance and HR Delivers Positive Business Outcomes
By joining together to plan, measure, and optimize talent, finance and HR can elevate workforce planning, taking it from a static exercise that attempts to guess future needs to an active process that’s able to adjust to constantly changing operational realities.
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How CFOs Achieve Organizational and Personal Success With a Growth Mindset
A McKinsey & Company senior partner lays out five elements that help drive performance, and finance leaders from Adobe, e.l.f. Beauty, and TD Bank share their individual approaches to growth, in a Fortune virtual event.
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The Power of AI and ML for Tech and Media CFOs
Artificial intelligence and machine learning will be major differentiators in how effectively tech and media companies can compete. How can industry CFOs harness the power of these technologies for maximum benefit?
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Customer POV: Why I Keep Coming Back to Workday Rising
Craig Barattin, vice president of finance and controller at Healthfirst, shares what first drew him to Workday Rising, why he and his team keep returning, and what first-timers should know to make the most of their experience.
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The Need for Greater Planning Performance and Scalability
Organizations, especially large ones, need a planning platform that can handle big, complex models without compromising user experience. Learn how Elastic Hypercube Technology (EHT)—Workday’s next-generation, in-memory architectural engine for Workday Adaptive Planning—is making that possible.
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Key Takeaways From SPI’s 2023 Professional Services Maturity™ Benchmark
We look at trends, major findings, and how professional services organizations can benefit now and in the future.
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Workday Named a Customers’ Choice in the 2023 Gartner® Peer Insights™ ‘Voice of the Customer’: Financial Planning Software
Our Workday Adaptive Planning software has an overall rating of 4.8/5 based on 84 reviews from professional financial end users. Read on to discover what our customers have told us about the impact strategic business planning has had on their organizations.
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Workday Podcast: People First: Workday’s Role in Financial Transformation at Cushman & Wakefield
The head of finance systems at Cushman & Wakefield shares Workday’s role in the company’s transformation journey, and why people are at the center.
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Why Intelligent Finance Demands a Human-Centered Approach to AI
Artificial intelligence (AI) and machine learning (ML) are reshaping the future of finance in remarkable ways. A recent discussion between Workday’s Terrance Wampler and Stanford Professor Erik Brynjolfsson reveals why CFOs are best positioned to lead the AI revolution using a human-centered approach to augment skills—not replace workers.
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How Can You Make the Switch to Continuous Planning?
By envisioning and preparing for what’s ahead, organizations can be far more agile, proactive, and successful.
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CFOs Look to Address the Finance Talent Gap With AI and ML
Artificial intelligence (AI) and machine learning (ML) could prompt finance leaders to adopt automation more widely and rethink ways to provide value to the enterprise. A recent Fortune webcast highlighted what opportunities the new technologies might offer.
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How Organizations Benefit From Nurturing and Empowering Women Finance Leaders
Laura Newinski of KPMG, Juliet Grabowski of Boston Consulting Group, Sheryl Estrada of Fortune, and Workday Chief Diversity Officer Carin Taylor examine ways businesses can boost innovation, resiliency, and performance by creating more inclusive and supportive workplaces.
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The Future of Banking and Capital Markets: 4 Trends to Bolster Resiliency
Facing a volatile environment, pressure from upstart competitors, and soaring customer expectations, the banking and capital markets industry will need flexibility and smart planning to succeed. Read on to learn the opportunities and technologies that can best prepare the industry for success.
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Digital Transformation and the Role of Finance in a Fast-Changing World
In today’s highly volatile business environment, only modern finance-enabled companies can keep pace with change, drive innovation, and manage costs. In a new podcast, learn why scenario planning, continuous planning, and rolling forecasts are central to this effort.
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The Future of the Technology Industry: Defined by Data
To spur innovation and growth—economic headwinds be damned—technology leaders are racing to modernize their data foundations, rethink their talent strategies, and better connect the dots between strategic priorities and value creation.
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6 Ways to Supercharge Enterprise Collaboration Between FP&A and Accounting Teams
Developing ways to break down silos benefits the business. Workday’s Patrick Hoynes and Melissa Kullander share how modern enterprise technology makes the organization’s accounting and financial planning and analysis (FP&A) teams more cohesive—and more effective.
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Workday Global Study: For Tech Leaders, The Time for Change Is Now
The tech industry has never lacked for data, but siloed systems have cut short the ability to deeply interpret that data. This is all changing as the industry is shedding its past—and tapping the transformative power of a single, unified system.
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Is Now the Time to Move to a Cloud Planning Platform?
Combat analysis paralysis by first assessing your current planning tools and then imagining an ideal partnership.
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What Financial Services Firms Can Learn From The Tech Giants
In a highly regulated financial services industry, gaining insights and simplified reporting capabilities are essential. Learn how companies can solve their most pressing needs and be more agile with Workday’s Industry Accelerator for Banking and Capital Markets.
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The Future of Insurance: Aiming for Agility
Rising climate change risks, heightened consumer expectations, and a dearth of tech talent loom large among the insurance industry’s near-term issues and opportunities. Industry experts share how these demands—and more—will shape the industry in the years to come.
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The Future of Nonprofits: 4 Steps to a Digital Evolution
Demand for nonprofit services shows no signs of slowing—and neither does the competition for funding dollars and staff needed to deliver on their missions. With an eye to the future, nonprofit leaders can create impact with new innovations and opportunities.
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The Future of Media and Entertainment: 5 Reasons Why Technology Changes Everything
Disruption has defined the media and entertainment industries for decades. Looking ahead, the pace of change will only increase as companies strive to deliver more personalized, interactive experiences to consumers. Here’s what’s changing–and why digital strategy has taken center stage.
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The Future of Federal Government: Time to Transform
From big workforce ambitions to the urgent need to shake free of massive technology debt, federal agencies are poised for radical rethinking and fresh new approaches. Industry experts and government leaders share insights on where to focus and how to prepare for what comes next.
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Uniting Finance and Human Resources for Better Planning
Organizations that connect their workforce planning with their finance planning are better able to chart their futures in an ever-changing digital world.
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3 Trends That Will Reshape Accounting and Finance in 2023
Technology—including artificial intelligence (AI) and machine learning (ML)—will play a significant role in helping finance leaders retain talent, achieve accounting automation, and create value for the enterprise. Philippa Lawrence, chief accounting officer and vice president at Workday, lays out what she sees on the horizon.
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Survey: CFOs Plan to Boost Spending on Skills and Technology in 2023
An annual global sentiment study by the CFO Alliance found strong optimism among finance leaders at midmarket enterprises, a desire to invest in talent, and a drive to improve processes in order to achieve growth objectives.
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The Future of Retail: 4 Ways to Design for What’s Next
Disruption still impacts every corner of the retail space. Business leaders and industry experts weigh in on the most compelling trends in retail, including leveraging AI for financial planning and multichannel experiences, new approaches to talent retention, and doubling down on data analytics.
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5 Ways Services Firms Can Drive Technology Change
Cloud technology can make systems faster, more nimble, and more responsive. If done right, it’s a golden opportunity for a digital transformation that delivers a bolder, more successful future.
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The Future of Hospitality: 5 Realities Changing the Industry
Hotels, restaurants, and other hospitality businesses may be rebounding back to pre-pandemic norms—but that’s about the only thing returning to the status quo. Whether it’s new omnichannel approaches, better scenario planning, or embracing AI to address staffing challenges, hospitality leaders weigh in on what comes next—and how businesses can prepare.
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What Is Enterprise Performance Management?
Enterprise performance management (EPM) software enables companies to monitor, measure, and adjust performance across all business units.
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An M&A Wave Is Coming to Financial Services. Are You Ready?
Why—and how—companies can speed and smooth integration by prioritizing data and strategic change management.
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How Continuous Planning Enables Business Agility
When decision-makers have the ability to understand what’s happening with the business now, they can accurately model what is likely to happen in the future.
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How CFOs Are Driving Value With Forward-Thinking KPIs
Finance leaders are increasingly relying on forward-looking and customer-centric key performance indicators to drive business success.
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What Is Financial Management Reporting?
Timely, accurate financial management reporting helps business leaders make informed decisions based on their organization’s financial health. Here are four steps you can take to improve your reporting process and increase agility.
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Workday Podcast: How Healthcare Organizations Use Technology for Capital Projects
Healthcare companies must provide the infrastructure, technology, and equipment their medical teams need, so staff can keep their focus on patient care. We spoke to Danielle Sullivan, manager of revenue analytics at Roswell Park Comprehensive Cancer Center, about how technology has helped her organization better manage its capital projects.
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What CFOs Need to Prepare for Uncertainty Now and Into the Future
More than ever, successful finance leaders must think about how to improve organizational agility by integrating the right talent, tools, and technology to thrive in any economic climate.
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Video: Best Practices for Creating a Finance-Driven ESG Strategy
Leaders from KeyBank and Workday share insights on how to develop a finance-driven environmental, social, and governance (ESG) strategy designed to deliver sustainable advantage and value.
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Why Intelligent Resource Management Matters
For professional services firms facing a tight talent market and far-ranging industry pressures, the usual ways of pairing people and projects require a rethink. We talk with Workday’s Patrice Cappello and Justin Joseph to learn more about how intelligent resource management can help.
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Understanding the Basics: What Is a General Ledger?
Learn how organizations use a general ledger to track assets, liabilities, revenues, and expenses, prepare financial statements, and measure business performance—as well as how technology has enabled greater insights.
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Adaptability Is a Strategic Imperative for Future Success
Traditional planning practices can leave organizations poorly equipped to anticipate and respond to economic or market shifts. Learn how cloud-first modern planning software makes a big difference.
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Workday Podcast: How Finance Transformation Helped Spectrum Health Meet Growth Opportunities
In this episode of the Workday Podcast, Brittany Kruse of Spectrum Health talks about the digital transformation process that helped the organization unlock efficiencies, improve employee experience, and better position itself for the future.
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Retail and Hospitality: Adapting to Today, Preparing for Tomorrow
The retail and hospitality industries are constantly changing. But even with the lingering impacts of past disruption and the effects of new macroeconomic pressures, they’re still paving a way to success with innovation and flexibility.
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How FP&A Can Address the Challenges of Poor-Quality Data
A new report, “FP&A Guide: Get Your Data Right,” focuses on how financial planning and analysis teams can access more reliable data to produce useful insights.
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4 Key Ways to Create Student Success in Higher Education
The student experience is taking center stage as higher ed institutions prioritize student success. It will require digital experiences, flexibility, educational options, and a rich set of accessible services to meet students where they are.
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How Cushman & Wakefield Deployed Digital Transformation
Neil Johnston, global CFO at Cushman & Wakefield, shares insights into the global real estate firm’s digital transformation and the benefits clients and employees have experienced because of it.
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Workday Podcast: How People and Culture Drive an Organization’s ESG Success
People—perhaps the most important elements of ESG (environmental, social, and governance) transformation—are often overlooked. In this episode of the Workday Podcast, Andrea Walsh, global ESG and sustainability leader at consulting firm Korn Ferry, talks about how business leaders can help enable successful ESG initiatives.
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Workday Podcast: The Future of Restaurant Management
Restaurant leaders have to balance innovation, frontline worker satisfaction, and top-notch customer service. That’s no small task! Hospitality industry experts sit down to talk about the future of the restaurant industry on this episode of the Workday Podcast.
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Workday Podcast: Modernizing Washington State University’s HR and Finance Systems
Washington State University (WSU) recently launched a modernization project with Workday to update its outdated and disjointed legacy systems. We talked with WSU’s Gerik Kimble and Jennifer Klein about how the project helped them make data-driven decisions, improve transparency, and streamline inefficient processes.
