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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
It’s been one year since Scout RFP joined Workday. Alex Yakubovich reflects on what we've accomplished together, including customer adoption, product innovation, and moving forward as Workday Strategic Sourcing.
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.
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.
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.
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.
Leaders need good quality data to make real-time decisions and steer their businesses on a path to normality. This article looks at three key insights finance leaders should be delivering to the business, and why they are so important today.
When finance leaders were cast into the chaos caused by the global pandemic, many discovered that in the face of economic tumult, the ability to operate with agility is exactly what’s needed to prevent their businesses from capsizing.
Ethan Carlson, vice president at Alight Solutions, discusses the strong correlation between continuous planning and business agility, how technology enables planning, and why organizations are empowering people beyond the finance team with planning capabilities.
The payroll function is becoming a more strategic partner in order to support business strategy, data compliance, employee engagement, and more. Colin Brennan from Alight Solutions discusses this shift and what it means for organizations and their employees.
CFOs are always looking for new ways to mine value, and data is often an untapped treasure chest. Eric Noren from Accenture shares how CFOs in the technology and media industries can gain better insights from data—including some innovative examples.
As businesses rebound from the outbreak of COVID-19, the need for agility intensifies. Robert Bloor, group financial controller at Equiniti, describes how his organisation transformed its finance and HR systems to support continuous change.
As the business world shifts toward recovery and the concept of a new normal, agility is fast-becoming priority number one for finance teams. Here, we take a closer look at four elements of finance agility and how businesses should be thinking about them today.
The pandemic has accelerated long-standing business trends and forced leaders to take a hard look at priorities. Here’s how the partnerships between finance and HR are playing out amid the coronavirus crisis.
With the majority of the workforce still working remotely, finance leaders are looking to their teams to deliver crucial processes outside the four walls of the office. In this article, Philippa Lawrence, vice president and chief accounting officer at Workday, talks about how her team closed the books during the turmoil of COVID-19.
Having the tools for data-driven decision making enables organizations to plan, pivot, and build strategic partnerships that support business continuity, growth, and changes in the healthcare industry.
As organizations try to make sense of an economic landscape that continues to evolve, business planning becomes more important than ever. Kinnari Desai, senior director of corporate finance at Workday, discusses scenario modeling and the importance of agility in planning.
Alfa’s head of information systems shares what it’s like leading IT for a global fintech company. As a full suite Workday customer, he also shares how the company is using our solutions to guide its digital transformation journey.
Here’s a quick guide to the new demands of the finance function, what you need to know about financial management systems, and how the right financial system can help companies adapt to a changing world.
Our team of finance professionals shares tips for dealing with revenue shocks and workforce and capacity planning when income is hard to predict, and strategies for emerging from this pandemic in a position of strength.
Workday Vice Chairman Tom Bogan, who led Adaptive Insights through to its acquisition by Workday, discusses the urgent need for agility in today’s environment and how it impacts an organization’s longevity.
This article is the first in a series that examines the macro trends forcing business leaders to rethink some of their most fundamental approaches, and explains how the CFO can play a pivotal role in guiding the business through this turbulence.
Which areas should finance leaders focus on to best guide their businesses through these challenging times? In a two-part webinar series, we’ll examine scenario planning, closing the books remotely, cash and liquidity management, and more.
How can HR, accounting, and financial planning and analysis teams work together efficiently during times of uncertainty? In a recent webinar, four of our leaders shared their experiences using Workday during the coronavirus pandemic.