CLOSE AND CONSOLIDATE
Close, consolidate and report all in one system.
what you can do
Close and consolidate with confidence.
Consolidate results from multiple companies and non-Workday financial systems easily, every time. We automate the reconciliation, consolidation, reporting and close process so everything is done accurately in one system.
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Global consolidation
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Period close process
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Period close dashboard
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Real-time financial reporting
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Account reconciliation and certification
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Third-party GL integration
View consolidated results any time.
Wondering what your financial results look like during the period? No problem. Close and consolidation in Workday provides real-time currency translations, intercompany eliminations and retained earnings calculation.
70% reduction in time to close.
– CustomInk
The financial close is a complex but critical process. Workday streamlines closing so you can spend more time analysing results.
Integrate finance data from external systems and enrich, transform and analyse it at scale – all within your system of record.
Use the period close business process to automate tasks, route approvals, send reports and more.
Close faster with in-memory accounting and reporting that delivers instant insight, with fewer reconciliations along the way.
Prioritise work with delivered dashboards for period close, account certifications and more.
Reconcile accounts the easy way.
There's no need to move data out of Workday to verify account balances. Account reconciliation and certification are automatically embedded in the transaction system.
Gain business insight from your financial system.
Say goodbye to the limitations of a traditional accounting code block. With Workday, you cananalyse financial resultsby any dimension, such as:
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Spend by supplier
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Customer profitability
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Spend by campaign
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Project activity