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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
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
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 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
Over the last 18 months, the finance function has been embarking on a period of rapid transformation, heightened by the impact of the global pandemic. In a recent webinar, Rakesh Duggal, senior manager at Deloitte, joined Annette Melatti, Workday’s senior director, solution marketing for the office of the CFO, to explore… 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. 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. The pandemic has served as… Read More
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… Read More
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
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