Workday To Launch Exclusive Planning App in 2016

By CIOReview | Friday, July 3, 2015
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FREMONT, CA: Workday, an enterprise-level software solutions provider for human resource and financial management announces its plans to launch Workday Planning in the year 2016.

Workday Planning is designed to take real-time finance and HR data and provide a framework for continuous planning with an audit trail throughout. The firm claims that its upcoming app will prove to be a “Holy Grail” for CFOs, since 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.

“Customers have been asking for more native planning tools. Our approach will be to roll out some capabilities in March with a full rollout in the second half of 2016,” says Leighanne Levensaler, Senior Vice President, Workday.

He adds, “Many companies don’t have a planning tool and use spreadsheets. Others are using Tidemark, Anaplan and others. In some cases, Workday Planning will be a replacement.”

The new app is likely to appeal to companies that use the company’s financial and human capital management cloud applications. It will include a budget generator that will combine actuals and budget data to model baselines, collaboration tools so internal teams can share and edit budgets and forecasts within Workday. The user interface will aim to be as familiar as a spreadsheet, but features interactive grids and Workday’s look. Workday also includes an ongoing budget management, which means after finalizing a plan by teams, they can monitor performance metrics, control budgets and adjust forecasts as business changes.