CLOSE AND CONSOLIDATION SOFTWARE
Close, consolidate, and report all in one system.
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.
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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
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.
83% reduction in time to close.
—Designit
The financial close is a complex but critical process. Workday streamlines closing so you can spend more time analyzing results.
Integrate finance data from external systems and enrich, transform, and analyze 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.
Prioritize 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.
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. With Workday, you can analyze financial results by any dimension, such as:
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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 get you live fast.