Read our new buyer’s guide, Financial Planning Solutions: A Buyer’s Guide.

Get the Guide
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.
93 Views
Harvard study: The digital future is here. Are you ready?

An exponential increase in business data, mixed with emerging analytics capabilities, has created a huge opportunity for finance to take center stage in the creation of the data-driven enterprise. Yet, against the backdrop of a global pandemic, a recent study by Harvard Business Review Analytic Services, sponsored by Workday, found a wide… Read More

An over-reliance on spreadsheets and legacy on-premises applications constrains the organization with rigid, siloed planning. These legacy planning environments are inflexible and brittle, prevent collaboration, and fail to deliver insights that drive decision-making.
186 Views
Ready to embrace a better way to plan?

Long planning cycles. Short-lived plans. Siloed efforts. Hard-to- find errors. And never enough time for strategic analyses. Do these FP&A issues ring a bell? They should, if your planning processes are largely manual and mostly spreadsheet based, and don’t lend themselves to collaboration or version control. An over-reliance on spreadsheets… Read More

Integrating a rolling forecast rather than relying on a static annual budget allows businesses to increase their agility and more accurately define their paths forward
2009 Views
Laying the groundwork for business agility

Manual, spreadsheet-based planning may have worked well enough in a more predictable age. But today? Not so much. Volatile conditions demand a smarter approach to financial planning and analysis (FP&A), and more and more finance professionals are discovering that legacy planning processes don’t let you go there. It’s not that spreadsheets aren’t… Read More

In today’s fast-paced, disruptive business environment, constant change is the new normal. And CFOs need a flexible, forward-looking financial plan to effectively navigate the volatility and uncertainty.
308 Views
How to get your rolling financial forecast just right

In today’s fast-paced, disruptive business environment, constant change is a given. And CFOs need a flexible, forward-looking financial plan to effectively navigate the volatility and uncertainty. But many companies are still relying on projections that are only updated annually and often with consolidated spreadsheets. This makes it difficult for business… Read More

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 based on our completeness of vision and ability to execute1.
320 Views
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 based on our completeness of vision and ability to execute1. This is the fifth consecutive year Gartner has named Workday a Leader… Read More

Plans, forecasts, budgets, and day-to-day operations have all been toppled by the global COVID-19 pandemic. As entire industries still face an unsure future for demand and revenues, even still relatively robust businesses are operating in scenarios they’ve never faced before—and that many didn’t plan for.
983 Views
Modern planning is the foundation for agility

Plans, forecasts, budgets, and day-to-day operations have all been toppled by the global COVID-19 pandemic. As entire industries still face an unsure future for demand and revenues, even still relatively robust businesses are operating in scenarios they’ve never faced before—and that many didn’t plan for. The pandemic has served as… Read More

So, if you’re interested in creating reasonably accurate and reliable forecasts that can warn finance leaders when they need to make major changes, read on. Here are five steps you can take to orchestrate the kind of financial forecasting processes that support the implementation of the executive team’s strategy.
343 Views
How great financial forecasts can guide business strategy

If 2020 taught CFOs anything, it’s that they need well-executed financial forecasts and models from their FP&A team. Accurate forecasts help finance leaders make insightful, data-driven decisions, allowing their organizations to prepare for market conditions and trends, adapt to revenue and expense fluctuations, and execute strategic action plans. So, if… Read More

Under even the best circumstances, companies must manage fluctuating market demand for their products. Failing to keep pace, of course, can result in lost revenue as customers flock to competitors; meanwhile, overestimating demand leads to surplus inventory that eats into profit margins. That’s why demand planning — a complex network of sales data, product life cycle management, and inventory management — is critical to balancing inventory levels with customer satisfaction. In other words, it’s critical to enabling business agility.
384 Views
How demand planning can shock-proof a business

Under even the best circumstances, companies must manage fluctuating market demand for their products. Failing to keep pace, of course, can result in lost revenue as customers flock to competitors; meanwhile, overestimating demand leads to surplus inventory that eats into profit margins. That’s why demand planning — a complex network… Read More

One of the reasons today’s fastest-growing, most innovative businesses use modern FP&A technology because it promotes cross-departmental collaboration. That means projects that have long been considered finance-only responsibilities, such as financial consolidation, can now be a team sport within which department leaders across the business participate. The result is a holistic financial picture of your business that includes key data from all departments.One of the reasons today’s fastest-growing, most innovative businesses use modern FP&A technology because it promotes cross-departmental collaboration. That means projects that have long been considered finance-only responsibilities, such as financial consolidation, can now be a team sport within which department leaders across the business participate. The result is a holistic financial picture of your business that includes key data from all departments.
3300 Views
Ready to make planning a company-wide process?

One of the reasons today’s fastest-growing, most innovative businesses use modern FP&A technology is because it promotes company-wide (or xP&A) collaboration. That means projects that have long been considered finance-only responsibilities, such as financial consolidation, can now be a team sport within which department leaders across the business participate. The result is a holistic financial… Read More