Menu
Workday spans finance and HR with real-time planning tool

Workday spans finance and HR with real-time planning tool

The new offering taps Workday's in-memory architecture

Workday Planning aims to help users make planning a continuous process.

Workday Planning aims to help users make planning a continuous process.

Workday has long been known for its financial and HR software, and on Tuesday it rolled out a new enterprise offering that spans both areas with a focus on planning, budgeting and forecasting.

Workday Planning is designed to be used in combination with Workday Financial Management and Workday Human Capital Management (HCM). The result is a unified system that allows organizations to continuously create, collaborate and take action on budgets and forecasts without the need for outside tools, Workday said.

A budget generator in the new product, for instance, allows companies to combine historical and budget data with modeling assumptions to generate a baseline budget automatically.

Collaborative planning features, meanwhile, give teams a secure place to create models and scenarios that they can share and edit with operational managers to finalize a budget or forecast. Collaborative worksheets combine familiar spreadsheet features with an interactive grid experience.

Finally, built-in analytics and reporting tools are available to help teams execute on the budget, track actual results, perform budgetary controls and measure organizational performance. Based on that insight, they can then adjust plans and forecasts continuously within the same system. A CFO, for instance, could access a dashboard for a quick view of variances in actual values versus targets, drill down for a better understanding of root causes and then make adjustments accordingly.

Workday Planning is the company's answer to customer demand for such a tool, said Leighanne Levensaler, a senior vice president at Workday. "This was one of our top requests from customers," she said.

The new tool will be generally available next year as an optional add-on to Workday's HCM or Financial Management systems. Pricing details have not yet been announced.

Follow Us

Join the New Zealand Reseller News newsletter!

Error: Please check your email address.

Tags applicationsHRsoftwareFinancial / taxworkday

Featured

Slideshows

Kiwi channel reunites as After Hours kicks off 2017

Kiwi channel reunites as After Hours kicks off 2017

After Hours made a welcome return to the channel social calendar last night, with a bumper crowd of distributors, vendors and resellers descending on The Jefferson in Auckland to kickstart 2017. Photos by Maria Stefina.

Kiwi channel reunites as After Hours kicks off 2017
Arrow exclusively introduces Tenable Network Security to A/NZ channel

Arrow exclusively introduces Tenable Network Security to A/NZ channel

Arrow Electronics introduced Tenable Network Security to local resellers in Sydney last week, officially launching the distributor's latest security partnership across Australia and New Zealand. Representing the first direct distribution agreement locally for Tenable specifically, the deal sees Arrow deliver security solutions directly to mid-market and enterprise channel partners on both sides of the Tasman.

Arrow exclusively introduces Tenable Network Security to A/NZ channel
Examining the changing job scene in the Kiwi channel

Examining the changing job scene in the Kiwi channel

Typically, the New Year brings new opportunities for personnel within the Kiwi channel. 2017 started no differently, with a host of appointments, departures and reshuffles across vendor, distributor and reseller businesses. As a result, the job scene across New Zealand has changed - here’s a run down of who is working where in the year ahead…

Examining the changing job scene in the Kiwi channel
Show Comments