Menu
Workday continues push against Oracle, SAP in financial apps

Workday continues push against Oracle, SAP in financial apps

A new Composite Reporting feature could help the cloud software upstart continue its move upmarket

Workday is betting that a new reporting engine some 18 months in the making can convince more large enterprises to use its cloud-based financial software, rather than the widely used finance applications from Oracle and SAP.

Dubbed Composite Reporting, the tool was developed in conjunction with Workday customers such as Netflix and Chuck E. Cheese, said Betsy Bland, vice president of financial management products at Workday.

When creating reports for company boards, finance employees have traditionally pulled data from multiple systems and then crunched a resulting series of spreadsheets into a single document, which is a time-consuming process, Bland said.

However, Workday's architecture holds all of the company's financial data in a single system, making it possible to generate reports on the fly, Bland said. Composite Reporting also gives employees the ability to combine multiple reports into a single view, as well as create more specialized reports, such as a profit-and-loss statement for a particular department.

The reports look and act much like spreadsheets, with features such as a grid layout and the use of formulas, Workday said. A feature called Worktags can be used to apply further dimensions to reports, such as time or region, according to a statement.

Finally, the reporting system provides identity and access management controls that govern what access a particular employee can have to various sets of information.

Composite Reporting is a "much needed" feature for Workday as it makes it easy to share and pull information together, said analyst Ray Wang, chairman and founder of Constellation Research. "A business analyst can do it."

While it's easy to use, at the same time an employee "can go nuts and create some crazy custom reporting," Wang added. "Think of this as the report writer on steroids."

Composite Reporting is part of Workday 23, which is now generally available, Bland said.

Chris Kanaracus covers enterprise software and general technology breaking news for The IDG News Service. Chris' email address is Chris_Kanaracus@idg.com


Follow Us

Join the newsletter!

Error: Please check your email address.

Tags SAPsoftwareworkdayOracle

Featured

Slideshows

Meet the top performing HP partners in NZ

Meet the top performing HP partners in NZ

HP honoured leading partners across the channel at the Partner Awards 2017 in New Zealand, recognising excellence across the entire print and personal systems portfolio.

Meet the top performing HP partners in NZ
Tech industry comes together as Lexel celebrates turning 30

Tech industry comes together as Lexel celebrates turning 30

Leading figures within the technology industry across New Zealand came together to celebrate 30 years of success for Lexel Systems, at a milestone birthday occasion at St Matthews in the City.​

Tech industry comes together as Lexel celebrates turning 30
HP re-imagines education through Auckland event launch

HP re-imagines education through Auckland event launch

HP New Zealand held an inaugural Evolve Education event at Aotea Centre in Auckland, welcoming over 70 principals, teachers and education experts to explore ways of shaping and enhancing learning using technology.

HP re-imagines education through Auckland event launch
Show Comments