What is Workday Adaptive Planning?
CFO's and finance professionals need to keep abreast with the latest technology to meet the modern demands of budgeting, forecasting, reporting, and analytics. Here, we look at Workday Adaptive Planning and explain what it is and how it can help.
What is Workday Adaptive Planning?
Workday Adaptive Planning provides budgeting, forecasting, reporting, and analytics for businesses of all sizes. It has industry-leading usability and the security, scalability, and flexibility required for complex planning.
Recognising that the best plans involve the people closest to the day-to-day business, Workday built a robust platform so you and your colleagues can gain deep insights, make more timely decisions, and manage more efficiently with solid, integrated plans. Workday Adaptive Planning enables complex financial models without the burden of managing legacy on-premise systems or massive spreadsheets. It saves finance teams the mind-numbing, error-prone task of manually consolidating data.
Workday Adaptive Planning makes it easy to manage, report, and analyse business performance. It gives you the flexibility to scale without sacrificing ease of use.
In business, everybody plans. In large corporations, planning processes span a range of finance and operations teams and users from a complex ecosystem of departments, business units (BUs), regions, and countries.
Workday Adaptive Planning broadens planning with industry-leading ease of use that accelerates adoption and drives engagement across finance teams, operations, and business units.
By engaging finance and non-finance users in a collaborative, active planning process, you can create plans aligned with your organisational goals, ultimately delivering better and more timely decisions.
Built for business
Many systems take a long time to deploy. Once deployed, changes to structures, reports, and analysis typically require dedicated IT resources to support business users' needs, limiting agility and consuming IT resources. With Workday Adaptive Planning, finance and operations teams control their models, processes, dashboards, and reporting with the drag-and-drop functionality that doesn't require coding or scripting or much support from IT.
Adapts to change
Businesses need the flexibility to adapt quickly to change, but traditional planning systems aren't that agile. Workday Adaptive Planning is designed for flexible modelling of operational planning and easy scenario planning so models and plans can continuously evolve as markets and the business change. Now companies can bring together workforce planning, operations planning, project-based planning, and financial planning, all within a single active environment.
Faster time to value
Using the intuitive drag-and-drop modelling and reporting interface in Workday Adaptive Planning, organisations can quickly implement their new planning environment and achieve value sooner.
Most enterprise customers deploy their first phase within six months. These rapid cycles reduce project risk and free teams to develop more sophisticated models. Our approach includes end-user validation along the way so that user acceptance is a non-event.
Trusted, scalable, technology platform
Workday Adaptive Planning is designed for multidimensional modelling, reporting, and analysis. It enables granular and complex planning and reporting by any number of business dimensions (customer, channel, product, regions, and more) and by day, week, or another period. The technology also enables unlimited what-if analyses to assess the opportunities and impact of potential changes to the business.
Open technology platform for all your data
As you plan across your organisation, you need data from all your transactional and operational systems. Workday Adaptive Planning is system-agnostic, seamlessly integrating with ERP, CRM, HCM, and BI systems, so planners see key business metrics to understand how they got here and why and use past performance to drive plans and forecasts where they're going.