What Is Financial Reporting?
Timely, accurate financial 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.
Finance
News, trends, and insights for finance leaders and professionals.
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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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FP&A Warning: Beware the EPM Bundle
An enterprise performance management (EPM) solution that imposes a consolidation-led model for planning will burden FP&A with a rigid tool that hampers agility.
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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.
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Workday Global Study: Why the CFO Is Crucial to a Data-Driven Future
Our global survey on digital transformation shows that CFOs have a strong awareness of organizational culture, and they’re poised to initiate change.
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Workday Podcast: The Keys to Successful Retail Transformation
Insights, analytics, and data—three key ingredients for real retail transformation. On this podcast episode, KPMG retail expert Sam Ganga talks about what matters for retailers as they look to effectively adapt to a rapidly changing retail landscape.
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Why Future-Focused Retailers Must Ready Their Tech Foundations
To thrive in the fast-paced retail landscape, businesses must ensure their technological foundations are in good order. A great place to start? An enterprise management cloud solution.
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Workday Podcast: How Tech Companies Innovate in Disruptive Times
Deep Kular from Accenture and Ben Askin from Vertex join us on the Workday Podcast to talk about trends in the tech industry and the role of Workday's Industry Accelerator for Technology in helping companies adapt quickly and thrive in fast-changing environments.
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Creating the Federal Workforce of the Future
Nearly 28% of U.S. federal employees will be eligible for retirement within five years. Read the report by Deloitte and Workday to learn how federal agencies can modernize their HR processes to attract and retain a skilled workforce.
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Workday Global Study: Professional Services Leaders Say Digital Transformation Is Key to Resilience
Only 38% of professional services leaders say their organization is digitally well equipped to ensure business continuity in times of crisis. We talk with Workday’s Patrice Cappello and Justin Joseph to learn what this new research means and how organizations can accelerate their digital transformation to adapt to any change.
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How Match Group Found the Perfect Partner in Workday for Financials
Trey Henderson, Match Group vice president and corporate controller, spoke with Bob Evans of Acceleration Economy about how digital transformation empowered the company to move beyond traditional finance cycles, accelerating its ability to create value and provide a better employee experience.
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Workday Podcast: How Banking and Capital Markets Can Innovate and Thrive
Banks and investment organizations face increased pressure and complexity with reporting and accounting requirements that call for speed, accuracy, and data insights. John Van Puffelen of PwC and Jay Rabinowitz from Workday discuss financial services trends and the role of Workday’s Industry Accelerator for Banking and Capital Markets in empowering companies to more quickly innovate and streamline their operations.
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Workday Podcast: Understanding the Finance Role in ESG Transformation
As organizations around the globe continue to ramp up environmental, social, and governance (ESG) efforts, the finance function is already taking the lead in creating and evaluating underlying processes. On the Workday Podcast, Brigham McNaughton, a partner at PwC, talks about ESG trends and what role finance plays.
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Workday Podcast: Transforming Banking and Capital Markets
In a highly regulated financial services industry, gaining insights and simplified reporting capabilities is 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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Navigating Seismic Change in the Public Sector
Learn how government finance, human resources, and technology leaders can guide their organizations through change with an insightful new report from Workday and Accenture.
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How Future-Ready Tech Helps Nonprofits Focus on Their Mission
For the nonprofit industry, technology empowers people to carry out an organization’s overall mission and vision. Tim DeMagistris, national director of nonprofits at Workday, shares how nonprofits can invest in a modern foundation of technology to strengthen their missions.
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Workday Podcast: Helping Insurance Firms Accelerate to the Cloud
Insurance companies must innovate and transform their finance, human resources, and planning operations to adapt to a changing world. Dave Zager from Deloitte and Jay Rabinowitz from Workday talk about the trends impacting companies, embracing tech to fuel growth, and how Workday’s Industry Accelerator for Insurance can help.
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Say Goodbye to Your Legacy Enterprise Performance Management Solution
Forward-thinking organizations are considering cloud alternatives to outdated enterprise performance management (EPM) solutions as end of life looms for on-premise systems.
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Why Technology Companies Are Choosing Workday
Tech companies face a litany of challenges to stay competitive. Here’s why Salesforce chose Workday Financial Management to drive its next generation of growth.
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What Is Financial Planning and Analysis?
FP&A teams play a crucial role in companies by piloting the budgeting, forecasting, and analysis that support major corporate decisions.
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Workday Podcast: Automation Drives the Professional Services Industry to Improve Business Outcomes
Technology helped the professional services industry weather the uncertainty of the past couple of years. Hear Jon Milkovich, director, Workday Financials, at ERPA, talk about the benefits of automation, a better employee experience, and thoughtful change management.
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Workday Global Study: Financial Services Industry Leaders Share Their 3 Biggest Digital Opportunities
Our survey found that only 38% of financial services leaders are confident in their ability to make data-informed decisions in real time. Workday’s Pete Rutman discusses what this means for the industry and its digital growth.
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How Financial Services Companies Can Unleash Their Data-Fueled Power
Like the tech giants, the financial services industry (FSI) can better use all the data they have to drive revenue and growth and provide a better customer experience—Workday’s Jay Rabinowitz explains how.
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8 Tactics Organizations Can Use to Navigate a Changing World
Uncertainty can take a variety of different forms. That’s why it’s imperative for business leaders to have plans in place in the event of an economic downturn—and what comes after.
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CFOs Striving for Greater Relevance Should Consider These Top Priorities
The best CFOs understand the need for advanced technologies—and teams skilled in using them—to deliver better insights that strengthen the business and create value. Learn how finance leaders can map out a successful future for their organizations.
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Workday Podcast: Driving Procurement Transformation Through Strategic Contract Management
Canda Rozier, founder and president of Collabra Consulting, shares her insights on how to uplevel procurement through proactive collaboration and strategic contract management.
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10 Tips for Fixing FP&A During an ERP Upgrade
If you want to make changes to your planning system amid an ERP upgrade project, these do’s and don’ts will help ensure a successful outcome.
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Workday Podcast: How Nonprofit Leaders Can Strengthen Their Mission
Running a nonprofit organization can be challenging—from building revenue to working with a board of directors and elected officials. Robert Egger, a nonprofit founder and award-winning author and speaker, joins the Workday Podcast to share how nonprofit leaders can get the most from their organizations.
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Harvard Business Review Analytic Services Study: Modern Planning Tools Boost Agility
A new report uncovers a divide between the modern planning tools that organizations want and the ones they have—but also finds growing efforts to bridge the gap.
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Workday Global Study: Government Leaders Say Data Silos Are Hampering Digital Transformation
Investing in people, technology, and flexible work methods can increase efficiency and effectiveness for the public sector. New research from Workday shares how governmental organizations can accelerate their digital strategy.
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The 3 Elements That Will Define the Future of Accounting
Next-generation finance professionals face an increasingly complex set of expectations. Philippa Lawrence, vice president and chief accounting officer at Workday, describes what successful accounting teams will look like going forward.
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Q&A: Workday’s Barbara Larson and Pete Schlampp on the Evolving Finance Function
Workday’s finance and strategy leaders spoke with Boston Consulting Group on how finance at Workday has evolved to support our growth, and the lessons other finance leaders can learn through their approach to data and cross-functional collaboration.
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How Governments Can Rethink Their RFP Process
Public sector organizations require a more nimble and holistic request for proposals (RFP) process that empowers them to find the best technology vendor for their needs. Workday’s Will Greer, vice president, government, explains how this will provide long-term benefits for governmental organizations.
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From Zero to Sixty: Team Car Care Accelerates Digital Finance With Workday
At the recent IMA Accounting & Finance Conference, a finance executive at Team Car Care described his team’s journey to the Workday Enterprise Management Cloud, including financial planning, financials, and human capital management all in one system.
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Scenario Planning: The Reality Check Every Business Needs
The ability to quickly and easily assess potential outcomes—best case, worst case, most likely case—is extremely valuable when variables are constantly changing.
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How Salt Lake City’s Innovation Team Is Building a Better Government
How do you update decades-old technology, policies, and practices to better serve your constituents? We talked with the Innovation Team for Salt Lake City—Utah’s state capital and most populous city—to learn more.
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The Importance of Relationships for Successful ERP Modernization
Many CIOs are in the driver's seat when it comes to deciding their organization's overall ERP strategy. Yet successful transformation requires effective partnership with other stakeholders, particularly the CFO. Learn why building strong relationships across the business is critical to ERP modernization, and the business benefits that come from an adaptable platform.
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Top 5 CFO Questions About Going Beyond ERP
Finance leaders looking to the next generation of enterprise resource planning (ERP) systems must focus on how their software will connect people, operational, and financial data to create value now and well into the future.
