Today we announced plans to deliver Workday Planning, a new application that represents a significant step forward in our vision, and one that will have a big impact on both our Workday Financial Management and Workday Human Capital Management (HCM) customers.
We talk a lot about evolving market conditions and for good reason. If you aren’t looking ahead, or thinking about new strategies to grow the business, you’re not only harming your organization’s bottom line, but you risk losing your star talent and falling behind the competition.
This is where Workday Planning changes things. Our newest application for enterprise planning, budgeting, and forecasting will combine with Workday Financial Management and Workday HCM to be the industry’s first system that unifies real-time finance and HR data with analytics and enterprise planning.
To help shed some light on Workday Planning and how it’s differentiated, I wanted to share three key takeaways:
Our customers asked and we listened.
At Workday, our customers’ needs are the number one priority. We strive to deliver new applications and features that address their challenges and requests, and an application for planning, budgeting, and forecasting was at the top of the list. We’ve been listening, and we are incredibly excited to unveil Workday Planning—an application that doesn’t just check a box for our customers, but one that incorporates their input, reimagines enterprise planning for today’s modern enterprise, and will finally work the way they want to work.
Workday Planning will be the Holy Grail for CFOs.
We get it. It’s not easy managing a business, especially if your leaders have to rely on multiple disparate systems and siloes of manual spreadsheets for financial and workforce planning. Unfortunately, this is the state of a lot of planning solutions and processes today—and the root of the challenges customers and prospective customers have shared with us.
In today’s business environment, organizational planning should be collaborative and continuous—leveraging real-time enterprise data. That’s what we’ll deliver with Workday Planning—it’s what CFOs and other business leaders have been asking for but haven’t seen. Rather than navigating multiple systems or taking data offline, cross-functional teams will be able to create, collaborate, and take action on budgets and forecasts in one system that’s built to help their businesses grow. And as business objectives and market dynamics change, budgets and forecasts can be adjusted and shared with key stakeholders across the organization with no integrations and no offline accounting.
Our different by design technology foundation matters more than ever.
Unlike other technologies, our native in-memory architecture and cloud-first approach allow us to innovate and develop new products that equip customers with visibility and insights when and where they need to make decisions to help advance their business. When customers layer Workday Planning with the reporting, analytics, and consolidation capabilities in Workday Financial Management and Workday HCM, they get an industry-first system that yields richer insights so they can act quickly and with more confidence.
Workday Planning underlines our continued efforts to drive innovation, expand globally, and reimagine how enterprises operate. It’s expected to be generally available to customers in calendar year 2016, and I hope you’re as excited as I am about what it means for our industry.