How will Workday Financials impact your day-to-day business processes? How will Workday save resources and time? This page is a place to discover the ways that Workday Financials will make many of the city's processes easier, faster, greener, and more transparent, from budgeting to payment.
The implementation of Workday for Financial Processes will eliminate the asset input form, saving paper and time.
Reporting functionality within Workday will also greatly improve the processes used by employees who enter, track and manage assets.
Accounts payable will see several processes streamlined with the implementation of Workday Financials.
Workday's real-time data model means that ledger actuals will be uploaded to Questica daily, reducing lag time.
Budget amendments (formerly known as budget journals) will be posted instantly upon approval.
Workday features a grant management area, in which worktags can be assigned to track grant funds. The grant manager security role can be assigned to the individual who holds ultimate financial responsibility over the grant, simplifying accountability and approval workflows.
Additionally, Workday provides a process history view, providing a simple, centralized place where the status and completion date of each stage in the award set-up process can be viewed.
Workday Financials brings city purchasing and procurement into the 21st century with several improved processes.
Workday Financials addresses the complex accounting challenges of capital projects with a sophisticated, but easy-to-use financial data model and reporting tools.