CLOSE AND CONSOLIDATION SOFTWARE
Close, consolidate and report all in one system
Workday streamlines financial close and consolidation with real-time insights – helping you accelerate the process and improve accuracy.
WHAT YOU CAN DO
Achieve a faster, smarter close and consolidation process
Workday Financial Management consolidates results in real time, reducing data movement and reconciliation. As you transact, accounting entries are created automatically – providing full visibility into your financial statements and management reports.
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Global consolidation
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Period-close process
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Period-close dashboard
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Real-time financial reporting
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Complex ownership rules
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Account reconciliation and certification
Access real-time reporting and analysis
Need real-time access to your financial performance throughout the period? Workday close and consolidation provides real-time currency translations, intercompany eliminations, non-controlling interest, equity pickup and retained earnings calculations – whenever you need them.
“Since deploying Workday, we’ve seen multiple efficiencies in our month-end processes. It used to take more than a week but now it’s just a few days.”
Intelligently automate your close process
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.
Our centralised hub provides a comprehensive global view of consolidation tasks, reports and real-time ledger status across your organisation.
Close faster with in-memory accounting and reporting that delivers instant insight, with fewer reconciliations along the way.
Automate consolidation tasks, allocations, translations, eliminations, account reconciliations 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.
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.
Gain business insight from your financial system
Say goodbye to the limitations of a traditional accounting code block. Workday analyses financial results by any dimension.
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Spend by supplier
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Customer profitability
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Spend by campaign
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Project activity
See how we help you succeed