Workday Adds Scorecards, Predictive Dashboards in New Release
Workday, provider of enterprise cloud applications for finance and human resources, unveiled its latest release featuring new finance and workforce-related scorecards and dashboards.
Workday 26 is the result of the company “majorly investing in breadth and depth, particularly in reporting and analytics,” according to Betsy Bland, Workday’s vice president of financial management products. “The update, in my opinion, is really a watershed moment for us. We’re arming operational leaders around the world with deeper and richer information and the insights to help them make those good decisions, in the moment, for their organizations.”
Workday first introduced packaged scorecards, which customers can use to display the key performance indicators most essential to their organizations, with the release of Workday 24. The latest release introduces scorecards specifically for project portfolios and the executive workforce.
The executive workforce scorecards enable business leaders to access a snapshot view of workforce KPIs, such as headcount, turnover and diversity, from any device. Similarly, customers have a holistic view into the status of services or project-based business with the project portfolio scorecards.
In this release, Workday also introduced a customer collections dashboard, embedded with predictive analytics that use machine learning and data science to analyze historic customer data and predict which customer invoices are likely to be paid on time. Customers can be ranked by the risk associated with their payment history, giving revenue managers a more proactive role in this accounts receivable work.
Workday 26 also features a procurement dashboard, providing real-time insight into supplier spend, with the ability to drill down into the numbers and create requisitions and receipts or search purchase orders.
Workday also announced the company has grown to serve more than 200 financial management customers, of which about half are live on the solution in 35 countries. The customer base represents a 100 percent growth over the last year, with new additions including GoDaddy and the Ohio State University.
To serve its global customer base, Workday continues to add new languages and country-specific configurations in each release, with Workday 26 introducing simplified Chinese and German and adding country support for France, Germany and Nordic countries.