Workday financial training | | Live Sessions | IQ Online Training in US and UK

1
What is workday financial management?
2

3

• In Todays 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
  complianceall 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
Applications and Features

• 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 teamsnot 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_at_iqtrainings.com M
obile Number 1 904-304-2519 WWW.IQONLINETRAINING
.COM