blog

At our Workday Rising user conference in November I had the pleasure of talking with David Dobrin, an industry analyst who always seems to have an interesting idea to kick around. We were talking about the reporting that comes out of traditional business and financial systems and how it seems to generally disappoint. My view is that this is because these systems were built to do financial accounting (GAAP), and when we ask them to do more, they struggle. That is when David delivered the gem of the conversation: "Of course, because operational reporting is disruptive." Huh! Now that’s an interesting thought.  Read Entire Blog >>

We talk a lot in our industry about how consumer technologies drive innovation in enterprise technologies. My own favorite example of this is Worktags, just one of our inspirations from the consumer world. Worktags play a supporting role in how our customers will leverage innovations we announced today for Financial Management in Workday 18, as they did in many of the 17 updates that came before it. That's why Worktags deserve their very own blog post as to what they are and why they’re special.  Read Entire Blog >>

Last month, after posting a blog on why it's time to bury traditional financial management software, I received very interesting feedback from a reader: "So when are you going to challenge the accounting industry, accounting textbooks, and universities to update their practices?" And while Bill McCarthy, a professor of accounting and information systems, has prolifically pushed to modernize "400-year-old" accounting practices, wrote the reader, "until currently accepted accounting practices are challenged and changed at the national or international level, fraud, waste, and abuse in accounting are major issues to be buried in the GL."  Read Entire Blog >>