Financial Close and Consolidation Software

what you can do

Close and consolidate with confidence.

Easily consolidate results from multiple companies and non-Workday financial systems in real time. We automate the reconciliation, consolidation, reporting and close process so everything is done accurately in one system.

KEY CAPABILITIES

Global consolidation
Period close process
Period close dashboard
Real-time financial reporting
Complex ownership rules
Account reconciliation and certification

Financial results dashboard showing income statement and pie graph for quarterly expense analysis.

View consolidated results any time.

Wondering what your financial results look like during the period? Close and consolidation in Workday provides real-time currency translations, intercompany eliminations, non-controlling interest, equity pickup and retained earnings calculation.

View Quick Demo (3:18)

83% reduction in time to close.

-Designit

Run a more efficient close.

Period close metrics showing bar graph of days to close along with a progress monitor table.

The financial close is a complex but critical process. Workday streamlines closing so you can spend more time analysing results.

Integrate finance data from external systems and enrich, transform and analyse it at scale – all within your system of record.

Use the period close business process to automate tasks, route approvals, send reports and more.

Close faster with in-memory accounting and reporting that delivers instant insight, with fewer reconciliations along the way.

Prioritise work with delivered dashboards for period close, account certifications and more.

Enable finance to view results throughout the period with real-time reporting that gives you the most accurate view of your financial statements.

Account certification dashboard showing balance sheet certification progress and number of account certifications. 2020R1

Reconcile accounts the easy way.

There's no need to move data out of Workday to verify account balances. Account reconciliation and certification are automatically embedded in the transaction system.