The document discusses the challenges faced by finance organizations in managing complex accounting processes amidst global market changes. It introduces Workday financial management as a comprehensive cloud solution that provides real-time insights, streamlined financial planning, and robust compliance capabilities. Key features include a user-friendly interface, automation of cash flow management, and support for multinational requirements, aimed at enhancing decision-making and operational efficiency.

3. In Today’s market businesses are increasing globally and changing
rapidly. A lot of Finance organizations are facing a lot of pressure to go
beyond in managing to account. They have to manage accounting,
cash, assets, and projects, and complete processes such as consolidate
to close, contract to cash, procure to pay, projects, and planning. This
is to support global growth, achieve profitability, and provide strategic
direction, as well as meet the complex and stiff demands for
compliance and regulatory oversight. These core functions across
multiple and disparate systems are addressed by the traditional
solutions which are making challenges to deliver insights to frontline
managers and impossible to assess performance in real-time and also
to plan for the future

4. • By using in-memory and an
object data model, Workday
has delivered a single system
that supports transaction
processing, multidimensional
reporting, consolidation,
planning, and compliance—all
using a consistent user
experience accessible from a
desktop or mobile device.
• All the financial management
capabilities which are
expected from a cloud solution
are provided by the Workday
Financial Management as it is
built on an adaptive, global
foundation. It goes well
beyond just managing financial
processes to achieve greater
insight, to improve financial
consolidation, instill internal
control, to achieve consistency
across global operations, and
also to reduce time to close.

5. • Accounting and Finance
• Revenue Management
• Financial Reporting and Consolidation
• Financial Planning
• Projects
• Expenses
• Procurement
• Inventory
• Grants Management
• Project Billing
• Audit and Internal Controls

6. Key Benefits:
• Provide executives and business
managers with relevant, contextual
financial insights that are available
on the device of their choice
• Provide best-in-class and pervasive
“always-on” audit capabilities
• Without business disruption,
Embrace the organizational, process,
and reporting changes.
• Provide a consistent and easy-to-
use interface for all users like
employees, managers, executives,
and auditors

7. • Access a New Level of
Insight:
Provide your managers and
executives with the information they
need to make the best business
decisions. Workday allows capturing
the details of every financial
transaction which includes the who,
what, where, and why— to better
serve and inform all teams—not just
finance.
• Designed for Change:
Without additional cost even after
deployment, the innovative Workday
technology enables you to respond
to organizational, business process,
and reporting changes as they occur.

8. • Created for Finance and
Business Users:
The instinctive user interface in
Workday enables business customers
and finance professionals to navigate
the application with minimal
training. Executives and line
management also benefit from the
Workday experience, with easy
access to information that impacts
their day-to-day business decisions.
• Planning:
To streamline the planning process
and accelerate time to action,
Financial planning in Workday takes
advantage of real-time financial data.
It enables organizations to execute
and create enterprise financial plans.
Cross-functional teams can create,
collaborate, and take action on
budgets and forecasts all within
Workday. As business objectives and
market dynamics change, budgets
and forecasts can be adjusted easily
and shared with key stakeholders
across an organization.

9. • Automate and Control Your
Cash Flow:
A system that shows you real-
time cash balances and
transactions help you manage
resources effectively and make
good decisions about funding,
paying, and collecting money. The
Workday settlement engine gives
you oversight into all transactions
like spending, revenue, finance,
and payroll. By understanding
inflow and outflow, you can also
forecast cash flow into the future
more accurately.

10. • Workday records all the rich operational information
surrounding transactions while maintaining the accounting
information expected of a global general ledger. Provides
insights beyond traditional accounting dimensions, and meet
global regulatory and financial reporting requirements.
• Global capabilities, including multi-currency, multi-language,
multibook, and more, are built into the core system to
support multinational requirements today and into the
future.
• Significantly streamline your chart of accounts for a faster,
more accurate financial close. The workday can model
multiple operating entities, companies, or business units to
easily complete intercompany transactions, eliminations,
allocations, adjustments, and consolidated reporting.

11. • The Workday Financial Management Certification
Training Program in IQ online will provide you
with in-depth knowledge of Accounting and
Finance, Revenue Management, Financial
Reporting and Consolidation, Financial Planning,
Project Billing and many more. Training at IQ
Online will help you to become a certified
Workday Financial Management professional
with Real time projects and use cases. You will get
the best support and guidance from our team of
experts.

12. Thank you!
Reach us:
Mail: info@iqtrainings.com
Mobile Number: +1 904-304-2519
WWW.IQONLINETRAINING.COM