Understanding the Basics: What Is Procurement?
Businesses are realizing that strengthening procurement, strategic sourcing, and supply chain management is critical to their success.
Finance
News, trends, and insights for finance leaders and professionals.
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Our Commitments to ESG at Workday
How a company approaches environmental, social, and governance (ESG) issues is more pressing than ever before. Here’s where we’re focused at Workday to help do our part and innovate in the area of ESG.
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Continuous Planning Catapults Finance Forward
As countless businesses have discovered, adopting a culture of continuous planning helps unlock an agile future.
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Why an Intelligent Data Foundation Is Key to Becoming Decision-Ready
How can you get to the underlying financial and operational data that reveals what’s really driving the business? Discover how to overcome common barriers and where to best invest so you can adapt to change as it happens.
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Planning for a Sustainable Future: How Organizations Can Deliver Data-Driven ESG Results
Organizations dedicated to their role in the global movement toward sustainability have put responsible environmental, social, and governance (ESG) practices at the forefront. Deloitte’s Rikki Stancich and Andrew Wood describe how to use Workday Adaptive Planning to assess ESG metrics, determine improvement goals, and report progress.
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These 2 Imperatives Will Help You Close the Acceleration Gap
The gap between the intensifying rate of change and an organization’s ability to keep up with it is a strategic problem with painful results. Here’s what’s required to close the gap.
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Accelerating the Digital Finance Journey: A Four-Step Framework for Value Creation
The enterprise management cloud can help organizations remove friction in their finance processes to achieve greater efficiency and add enterprise value. Workday's Barbara Larson lays out the process.
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CFOs Reveal Top Priorities for Future-Proofing Finance Teams
Workday’s latest CFO Indicator survey asked 267 CFOs around the globe about their plans and priorities for the next five years. Learn how those who were identified as “finance outperformers” are leading the way by investing in skills and technology for the future.
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How the C-Suite Shaped the PGA European Tour’s Digital Drive
The PGA European Tour’s chief financial officer, chief technology officer, and chief people officer discuss finance, IT, and HR transformation against the backdrop of a global pandemic.
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The Top 5 Questions CFOs Should Ask Themselves in 2022
Finance leaders helping to shepherd their companies toward an increasingly technology-enabled digital operating model are demanding more capabilities from their ERP solutions. Addressing five key questions can help enable a smooth transition.
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3 Ways Ralph Lauren Accelerates Procurement
The global sourcing leader at Ralph Lauren shared insights and best practices for driving high-performing procurement at our Conversations for a Changing World digital event.
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How Professional Services Automation Supports the Full Life Cycle of Client-Facing Projects
Discover how a professional services automation (PSA) platform can help services organizations better deliver on client projects and increase efficiency, insight, and customer satisfaction.
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A Generational Shift: The CFO’s Role in Redefining the Future of Work
Finance leaders from Accenture, Cisco, Toyota North America, and Workday shared insights on how they’re thinking about the future of work at a recent event. That includes prioritizing environmental, social, and governance (ESG) efforts and building stronger relationships with employees.
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Global Study: Retailers Excel at Organizational Agility
According to our latest global study, retail organizations are ahead of other sectors in understanding the importance of digital revenue and, more importantly, having the agility to act quickly on opportunities.
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Hospitality Industry Finance Leader Discusses Managing Risk and Agility During the Pandemic
Neil Gribben, vice president of accounting and control at hospitality and leisure company Belmond, met with Workday’s Tim Wakeford to discuss how finance has pushed forward with digital acceleration during the pandemic.
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Preparing Financial Services Companies for the "Never Normal”
At Workday Industry Insights EMEA, experts, customers, and industry commentators discussed how financial services organisations are embracing digital to deal with a future that is anything but normal.
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How European Finance Leaders Are Preparing for a Post-Pandemic World
As businesses across Europe take the first tentative steps toward normality following the worst of the COVID-19 pandemic, attention is now turning to how to prepare for the future. Finance leaders from Workday customer companies discuss resilience, digital transformation, and some of the lessons learned.
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4 Pillars of an Effective Supplier Management Program
Building out a supplier relationship management (SRM) program doesn’t have to be intimidating. Explore the four pillars of a successful SRM program and best practices for driving supplier performance.
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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.
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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.
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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.
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What Is xP&A?
Gartner gave it a name, but the concept of Extended Planning and Analysis (xP&A) isn't new. Learn more about xP&A and what it means for your enterprise.
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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.
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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.
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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.
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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, science, and governance (ESG) reporting and diversity and inclusion efforts, according to PwC’s latest Pulse Survey.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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3 Finance Insights Guiding the Way to Business Recovery
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.
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Results of Workday’s 2020 CFO Indicator Survey: Agility Is Everything
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.
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CFO Checklist: Guiding Your Business Through a Successful Return to Work
Finance leaders are in a critical position to help assess the options and impacts associated with returning to the workplace, including how the business can grow and react differently in the future.
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How Equiniti Reshaped Finance and HR with Workday
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.
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Deep Dive: 4 Steps to Achieving Finance Agility
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.
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How the Pandemic Amplifies Demand for Finance and HR Collaboration
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.
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CFOs Play a Powerful Role in Continuous Planning
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.
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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 Fourth Year in a Row
We believe Workday’s ability to achieve this recognition year after year is based on our intensive focus on delivering world-class customer service and our reputation as a trusted global partner.
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Looking Forward: Best Practices for Financial Scenario Modeling
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.
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How the CFO Can Tackle Uncertainty and Persistent Change
The finance team is at the forefront of leading a business through uncertain times. What should CFOs be focused on? In this article, we look at five key areas to prioritize.
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