Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Top Stories

Workday named a Leader in Gartner Magic Quadrant for cloud core financial management suites for midsize, large, and global enterprises

Workday named a Leader in Gartner Magic Quadrant for cloud core financial management suites for midsize, large, and global enterprises

Positioned as a leader for second year in a row, positioned furthest to the right for completeness of vision overall

LONDON, UK – Workday, Inc. (NASDAQ: WDAY), a leader in enterprise cloud applications for finance and human resources, today announced it has been positioned by Gartner, Inc. in the Leaders quadrant of the Magic Quadrant for Cloud Core Financial Management Suites for Midsize, Large, and Global Enterprises[1].

Workday was acknowledged as a Leader for the second year in a row and positioned furthest to the right for completeness of vision overall.

With the demands on finance organisations growing and business leaders increasingly leaning on them to help drive growth, finance leaders need technology systems that enable them to manage risk, identify new opportunities, and keep pace with change. To support its global customers, Workday has continued to expand the depth and breadth of its cloud-based finance system, Workday Financial Management – and in combination with Workday Prism Analytics, Workday Benchmarking, and Workday Planning – is delivering functionality and continued vision that are essential to empowering the future finance function, including:

  • More intelligent automation: Workday is continuing to invest in making its financial applications more intelligent with machine learning capabilities to help automate key financial tasks so more time can be spent on value-add projects. For example, using Workday’s customer collections dashboard, a revenue manager can use predictive analytics to determine the likelihood of an invoice being paid on time; or using optical character recognition, an employee can scan receipts using a mobile phone and automatically add items to expense reports.
  • More intelligent insights: Workday is investing in advanced financial analytics to provide customers with greater insights. For instance, Workday Prism Analytics will enable a financial planning analyst at a retailer to drill into reports that combine finance data from Workday with data from a point-of-sale system to quickly analyse profitability by store, region, or product line. In addition, Workday’s first data-as-a-service offering, Workday Benchmarking, includes metrics on profit margin percentage and return on invested capital, to help customers better connect workforce metrics to financial success and strategic business goals. 
  • More intelligent user experiences: With a focus on creating seamless experiences, Workday is investing in making interactions as easy and collaborative as possible. For example, in Workday Planning, users can comment and respond to questions and updates from other planning participants in real time, directly within a Worksheet, a collaborative spreadsheet built directly into the core of Workday’s technology platform. Customers will also be able to interact with Workday through a conversational user interface that enables end users to collaborate and ask questions around specific tasks and flows.

Comment on the news

“We believe Gartner’s recognition of Workday as a Leader in cloud financial management, including our positioning furthest to the right for completeness of vision overall, demonstrates the continuous innovation we deliver to finance teams around the world who are driving their businesses forward with Workday,” said Betsy Bland, vice president, financial management corporate strategy, Workday. “With the increasing pace and demands of business, finance teams require a trusted technology partner that puts the customer at the centre. And Workday does just that with a relentless focus on providing customers with the insights, experience, and agility to meet their present and future finance needs.”

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!


By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review │ Banking │ Finance │ Technology. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post