- Financials & Adaptive Planning
- Change Management
- Academic Progress Automation
- Centralized Data
Streamlined Financials and Adaptive Planning
Wellesley College has streamlined its financial processes by managing endowments and grants with Workday Financial Management, along with budgeting and forecasting with Workday Adaptive Planning.
“In our previous ERP, managing and tracking endowment income often resulted in discrepancies because everybody kept their own spreadsheets,” says Ravi Ravishanker, CIO and associate provost at Wellesley College. “Workday Financial Management has completely obviated the need for spreadsheets.”
Wellesley College also sees improvements in its budget forecasting capabilities. “With Workday Adaptive Planning, we can pull balances for the current year while building the budget for next year,” Ravishanker says. “This integration has increased our staff’s understanding and knowledge of budget planning.”
Recognized worldwide as a premiere higher education institution for women, Wellesley College produces graduates who lead highly successful and pathbreaking careers in areas such as science, government, business, and the arts.
Students, faculty, and staff alike are empowered to reach their goals faster and more efficiently with the help of a Workday suite of financial, academic, and planning tools, says Ravi Ravishanker, CIO and associate provost at Wellesley College. The liberal arts college has seen significant improvements around financial management, change management strategy, and academic progress by taking a holistic approach to overcoming today’s challenges while building a better future.
Workday is a very powerful system that can be used for multiple purposes.
CIO and Associate Provost