Financial Management Innovations
Workday continues to push boundaries in financial management, hyper-automating processes, and delivering value for its customers. Here are some of the new features unveiled:
- Collections Letters Made Easy: Users can now seamlessly draft collections letters within Workday. Adjust the tone, add invoice details, and execute the email—all without leaving the platform. It’s all about streamlining communication and improving efficiency.
- AI-Powered Bank Transaction Matching: Workday now proactively recommends matches for unreconciled bank transactions using artificial intelligence. This feature simplifies reconciliation and ensures accuracy. This should help to decrease the amount of time spent doing expense reports.
- Enhanced Accounts Payable (AP): AP staff will love this! Workday introduces a new supplier hub that allows auto-responding to supplier inquiries via the Auditoria AP help desk. Prioritizing work and focusing on exceptions just got easier.
Financial Planning Advancements
Workday equips organizations with AI-assisted insights and processes for better planning. Here’s what’s new:
- AI-Assisted Insights: Workday arms customers with AI-generated insights to prepare for the future. Whether it’s forecasting or scenario planning, AI is there to lend a helping hand.
- Intelligent Variance Analysis: Dive into a new experience with AI-generated commentary and guidance. Understand variances, spot trends, and make informed decisions.
Conversational AI with Workday Assistant
The new Workday Assistant brings generative AI capabilities to a conversational user interface. Imagine having a smart assistant that surfaces relevant data, provides insights, and recommends actions—all in natural language. It’s like having a finance-savvy colleague at your fingertips!
The Human-Centered Approach
Workday’s commitment to AI is rooted in empowering employees, not replacing them. With AI woven into its core, Workday ensures that technology enhances human abilities rather than supplanting them.
So, whether you attended Workday Rising in person at the Mandalay Bay Hotel in Las Vegas or joined virtually, you were part of an exciting journey toward a more innovative and efficient future of work12.