Workday HCM
Workday Performance Management
* Supports the full review process, from initiation through sign-off.
* Highly configurable and easily adaptable to existing business processes, Workday Performance Management can be implemented without programmers or IT involvement.
* Allows companies to maintain multiple discrete review processes to support the varying needs of different departments and organizations.
* Supports a collaborative interaction between reviewers and reviewees.
* Targets performance reviews to different employees, such as exempt/non-exempt (hourly vs. salary), compensation grade, geographic/region org, etc.
* Configures a performance event so it will trigger a corresponding compensation event.
* Ensures consistency in evaluation forms and processes to improve regulatory compliance and reduce risk.
* Sets performance review content (e.g., goals, responsibilities, etc.) at the beginning, or during, the employee review period.
* Tracks personal goals, which may be added by both managers and employees.
Workday Staffing
* Enables companies to establish and manage staffing at any level in the organization. Staffing ‘flavor’ may be defined for individual organizations, divisions or the entire company.
* Position Management – Hiring managers fill only specific, approved positions. Compensation packages may optionally be assigned to unfilled positions.
* Headcount Management – Hiring managers have an approved headcount target with appropriate organizational hiring guidelines. Workday automatically tracks how many positions and/or hours have been filled.
* Job Management – Hiring managers hire as they see fit with no specific target, subject only to the hiring guidelines defined for the organization.
Workday Financials
Workday’s unique financial management solution combines a comprehensive set of planning, accounting, and business intelligence capabilities to satisfy those external and internal requirements.
Workday Financials uses a new approach to business applications that is at the heart of all Workday solutions.
* Workday Financials uniquely integrates the three priorities of today’s finance organizations: accounting, corporate governance, and business intelligence.
* ERP was designed in the 1990’s to support manufacturing-focused corporations, using accounting methods developed 500 years ago. Workday solutions are built for companies centered on global workforces, talent, and information to fuel their operations.
* ERP focused on the data required for accounting and regulatory compliance; Workday captures all types of business events, not just the entries managed in traditional general ledger systems. The company makes it simple for accounting and all other groups and individuals to access and analyze information they need to help their organization grow and thrive.
Workday Financial Management
Today’s finance organization needs broader capabilities to address the new complexities of financial accounting; the increased responsibilities of business governance; and the accelerating demand for more and better management information by executives, managers, and knowledge workers. In addition, they need forward looking business planning and forecasting to establish goals and measure business performance. Workday combines a comprehensive set of accounting, business intelligence, and governance capabilities to satisfy both external and internal information requirements into a new, unique solution.
Workday Resource Management
Companies rely on Workday Resource Management to easily manage the procurement, tracking, management, and accounting of all things, services, and rights the organization uses to support their workers and deliver value to customers. Capabilities include efficient management of supplier accounts, procurement of goods and services, comprehensive asset tracking, and complete accounting for assets, inventory and expenses.
Workday Revenue Management
With Workday Revenue Management, organizations have the solution they need to accurately manage comprehensive customer account information and administer the order-to-cash process. With Workday, you can manage accounts receivable and capture multi-dimensional revenue information for comprehensive customer analytics.
