The Value of Workday Financial Planning

Workday Financial Planning enables finance organizations to collaborate, understand business performance across the organization, and plan for the future to ensure a strategic and agile planning process. 

From budgeting expenses to forecasting revenue, you can:

• Build strategic plans for all types of planning scenarios
• Enable continuous planning and rolling forecasts with integrated, driver-based scenarios
• Give business users the power to create planning models with confidence

Key Benefits

• Accelerate planning and reporting cycles with real-time roll ups
• Improve accuracy and confidence in data with a single source of truth and drillability 
• Empower planners to be strategic by enabling them to reallocate time to reporting and analysis 
• Improve visibility into performance for end users with timely reports and dashboards 
• Accelerate decision making with real time what-if analysis and continuous forecasting

See Workday Financial Planning in Action

Workday Live Financial Planning Demo (29 minutes)

The Workday Adaptive Planning Platform

Financial Planning is part of the Workday Adaptive Planning platform. Our planning solution is built on a scalable, in-memory platform designed to enable an active planning process for any team across the organization. Whether you're creating a financial plan for the organization or operational plans for a single department, our platform makes continuous planning possible. Individual groups can plan and model their business at the needed level of detail. Then these plans can be federated into an integrated model of the overall business.

This holistic view lays a foundation for an enterprise-wide planning process that is continuous, comprehensive, and collaborative. Other planning modules within this solution include:​​​​​

• Workforce Planning 
• Sales Planning
• Operational Planning

Deployment Options

Workday Professional Services

Our services team provides various deployment options specifically for Workday Financial Planning.

Financial Planning Foundation

• The fastest route to getting your organization live with Workday Financial Planning. Customers must be live on Workday Financial Management. This is a prescriptive approach that sets you up to add driver-based modeling as Phase X.

Launch

• Prescriptive approach focused on leading practices with a preconfigured tenant. Workday to own design, configuration, and migration activities. Customer to own testing, co-own project management.

Your Way

• Consultative approach focused on all Learning areas. Workday to own design, configuration, and migration activities. Customer to own testing. Typically reserved for customers who have higher complexity where a template-based Launch approach won’t work.

Workday Partners

You can also work with one of our certified partners for your Workday Financial Planning deployment needs. Workday Partners use the same methodology and tools as our services team to ensure the path to a successful go live remains the same. 

Find a Partner.

We’re here to help you determine which deployment methodology best suits your needs. For more information, reach out to Customer Success to schedule a discovery call with one of our Services Executives.

Training Resources

• Next Level: Next Level presentations and publications are designed to bring Learning features and functionality to life and prepare you for implementation. Join us in live webinars, watch recorded presentations, and review our how-to guides (all free of charge) that show Workday in action and give you tips on deploying features.

Customer Testimonial

At ENMAX, bringing planning and financial management to a single platform with a shared data model has made the team more efficient and raised the level of strategic analysis.

Read the Full Case Study.