Accounting Center
The accounting center that delivers rich financial insight.
WHAT YOU CAN DO
Simplify accounting for finance teams.
Workday Accounting Center unites front-office and operational systems with the back office by integrating and transforming business events into detailed accounting data – leading to faster resolved variances, reduced time to close and deeper insights.
-
High-volume data integration
-
Accounting transformation and process orchestration
-
User-defined rules
-
Automated error handling
-
Complete data lineage
-
Financial and operational analysis
“We’ve been able to retire our custom legacy solution, simplify our processes and improve financial reporting and analysis, data lineage, flexibility and scalability.”
Designed for accounting.
Quickly turn data into insight.
Unite data from across the ecosystem, transform it into accounting and blend with operational data for richer analysis.
Gain visibility and control over data.
Manage the entire data transformation process, starting with ingesting operational data, enriching with calculations, creating accounting and resolving errors.
Bring greater efficiency to your finance processes.
With all accounting in one solution, you can simplify reconciliation and consolidation to achieve a faster and more accurate close.
Manage the rules your way.
Our accounting rules engine is written in business language, not code. This allows your accounting team to easily maintain and modify the rules as needed.
Quickly turn data into insight.
Unite data from across the ecosystem, transform it into accounting and blend with operational data for richer analysis.
Gain visibility and control over data.
Manage the entire data transformation process, starting with ingesting operational data, enriching with calculations, creating accounting and resolving errors.
Bring greater efficiency to your finance processes.
With all accounting in one solution, you can simplify reconciliation and consolidation to achieve a faster and more accurate close.
Manage the rules your way.
Our accounting rules engine is written in business language, not code. This allows your accounting team to easily maintain and modify the rules as needed.
Set a new standard for insight.
Explore your P&L by line of business, product, sales region and salesperson. And use powerful ad hoc reporting to surface more meaningful insights, update forecasts faster and empower stakeholders to make quicker decisions.
Easily meet audit requirements.
Our always-on audit automatically tracks and documents changes to rules and mappings. This makes it easy for you to monitor and provide the control and compliance required by auditors.
Ways you can use Workday Accounting Center.
Revenue recognition.
Transform operational data – such as policy, media production or technology order data – into accounting to recognise revenue, including deferred revenue.
Expense recognition.
Recognise expenses from business events, including deferred and prepaid expenses, to match the revenue being recognised.
Cash subledger.
Recognise cash sales, credit card sales, billings and payments from cash transactions and transform them into accounting.
Detailed subsidiary insight.
Create a virtual subledger to transform summarised journals into more granular detail, providing richer financial and operational reporting.
See how we get you live fast.