Workday Adaptive lets you work differently. By connecting multiple data sources across your organisation, it becomes the single source of truth for everyone. The system benefits not just management or your finance team, but each department and team member, helping them.
In this article, we cover how Workday Adaptive brings your business systems together and how it can transform your financial workflow.
Key takeaways
- Unify data sources into one planning truth.
- Align teams around real-time budgets and forecasts.
- Model multiple scenarios to make faster decisions.
- Cut manual admin from consolidation and reporting.
- Improve profitability with clearer trade-offs and drivers.
From patchwork to planning
As your organisation grows, each business unit has probably patched together some workarounds to extract the information they need, from a range of different data sources and systems. However, relying on legacy systems to carry you forward is unlikely to get you ahead of the game.
Your planning model - from finance to workforce, revenue and ops - should be based on how your organisation works, not constrained by what your current systems can do for you.
You need consolidated data and accurate insights, delivered from a single source of truth - it’s essential for establishing a business built on continuous improvement.
How connected planning improves decisions across the business
Finance
A single source of truth simplifies planning and analysis. The finance team can ask and answer their own questions without relying on IT professionals.
Workforce
Running scenario modelling based on headcount and skills makes staff utilisation modelling easy. Are you equipped to tender for that large contract? What will your workforce need to look like?
Revenue Planning
Understanding the impacts of customer and product fluctuations opens up opportunities for proactivity over reactivity. How will a 2% increase in raw materials impact your bottom line?
Operational Planning
From CapEx to OpEx, modelling multiple scenarios allows quick decision-making and pre‑emptive risk management. What’s the payback period for that new piece of machinery? How does an across‑the‑board pay rise to keep up with inflation look?
What changes when you use dedicated FP&A software?
You’ll have clarity across all business functions and a greater ability to plan, forecast, and budget to maximise profitability.
How does Workday Adaptive create a single source of truth?
You’ve got an ERP, CRM, HRMS and numerous spreadsheets on the go. Pulling all that data into one unified view is usually a manual, multi‑day task, which eats up resources and valuable time. An integrated business planning platform like Workday Adaptive Planning does the hard work for you.
All your data sources — Excel, MYOB, Oracle, QuickBooks, Salesforce and more — will be accessible through one integrated, governed database.
How does Workday Adaptive improve budgeting and forecasting accuracy?
Should you be working from version 17 of that budget spreadsheet? Or has someone from Ops‑Planning accidentally saved a newer version to their desktop? Workday Adaptive Planning enables you to centralise plans, budgets and forecasts, updated in real‑time, so everyone is making decisions based on the latest, consolidated information.
How does connected planning improve cross-team buy-in?
Financial planning and analysis shouldn’t be solely for the finance team. Budgeting and forecasting software like Workday Adaptive breaks down traditional silos in favour of cross‑company collaboration. From workforce management to sales and everything in between, everyone creates and buys into a transparent, aligned plan, working from the same data.
How does scenario modelling work in Workday Adaptive Planning?
Something not quite stacking up? It’s no longer a matter of consulting your Excel guru to mine for errors and answers. With truly connected data, you (and anyone else in the business) can drill down across business segments, challenge assumptions, and model multiple scenarios simultaneously — all from one easy‑to‑navigate interface on your browser or mobile.
