Workday Financial Management

Cloud technology for an efficient finance function

Our holistic transformation approach centred on Workday

The 21st century continues to move at a rapid pace with companies forced to take quick but well-founded decisions every day. This requires precise and timely financial information based on robust, value-creating analyses. Heterogeneous system landscapes are not fit for purpose as they require high levels of manual data preparation.

The overarching data model and design of the finance function requires a rethinking in order to immediately gain insights into daily business operations and to develop action-oriented, tailor-made resolutions.

 This transformation goes well beyond simply implementing a new software solution. It means developing an in-depth understanding of the business model and seamlessly integrating it with the comprehensive solution of Workday.

We have combined PwC’s holistic transformation approach with Workday’s financial management solution. This enables you to fundamentally rethink your entire finance function with a fully cloud-based, integrated and high-performance platform.

The benefits of Workday for finance transformation

  • 100% cloud-based for reduced operating costs and easy implementation
  • Increased process efficiency through automatic feeds and process frameworks – reducing manual interventions and dependence on individuals 
  • User-oriented approach with an intuitive system solution 
  • Mobile design enables real-time access from multiple devices
  • Optimal use of resources by empowering end users 
  • Quick, relevant management information in real time
  • Platform solution enables a single source of truth, increasing consistency and transparency 
  • Automated checks enhance governance and compliance 
  • In-memory architecture enables detailed searching and analysis of data
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Jörg E. Waschkowitz

Jörg E. Waschkowitz

Partner, Management Consulting, PwC Germany