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revenue management

Seamless revenue management from contract to cash.

Workday Revenue Management gives you the flexibility to manage contracts, billing, collection, accounting, and analytics all from a single system. Plus, built-in support for ASC 605, ASC 606, and IFRS 15 enables smooth migration and dual reporting.

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Run “what if” scenarios to see the impact of ASC 606/IFRS 15.

Compare multielement revenue scenarios using different assumptions.

Manage comprehensive price lists and customer contracts.

Get a complete view of your customers and contracts.

With revenue management software from Workday, you gain a full view of your customer interactions and entitlements in one place. Spend less time reconciling and more time anticipating and fulfilling customer needs.

  • Gain real-time insight into the full contract lifecycle, from sales to billing and collections.
  • Integrate with CRM systems, including out-of-the-box integrations with Salesforce, to provide a seamless quote-to-cash experience.
  • Support multielement contracts and ensure task completion with a configurable contract checklist.
  • Automatically track contract renewal terms and pull insights from renewal reporting.
  • Support your global business while meeting local regulations.

Flexible and smart revenue recognition.

With robust scenario modeling, always-on auditing, and tailored disclosures support, you can confidently comply with ASC 605, ASC 606, and IFRS 15.

  • Facilitate dual reporting for contracts both inside and outside of Workday.
  • Model various revenue scenarios to make better decisions that impact your P&L and operations.
  • Support multielement revenue allocation and accounting adjustments based on various methods across linked contracts.
  • Manage multiyear revenue schedules with escalation clauses.
  • Capitalize and amortize contract acquisition costs, such as sales commissions.

Learn more about revenue recognition >

Accelerate cash flow with robust pricing and billing.

Workday provides robust billing and predictive accounts receivable collection to effectively manage receivables.

  • Maximize pricing flexibility with effective-dated, multidimensional price lists on sales items.
  • Support a variety of billing arrangements, including usage-based, subscription, time and materials, fixed fee, prepaid, milestone, and more.
  • Generate configurable billing schedules and installments automatically when creating contracts.
  • Use predictive customer risk scoring and a centralized collection dashboard to reduce bad debt.
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