![Page 1: Enabling Finance Transformation with Cloud Technology: How to Increase Agility, Improve Insights, and Empower Users and the Business](https://reader035.vdocuments.site/reader035/viewer/2022070302/54811a3cb4af9fbe158b604a/html5/thumbnails/1.jpg)
Enabling Finance Transformation with Cloud Technology: How to Increase Agility, Improve Insights, and Empower Users and the Business
![Page 2: Enabling Finance Transformation with Cloud Technology: How to Increase Agility, Improve Insights, and Empower Users and the Business](https://reader035.vdocuments.site/reader035/viewer/2022070302/54811a3cb4af9fbe158b604a/html5/thumbnails/2.jpg)
Today’s Presenters
Keith MattioliPrincipal
KPMG LLP
Mark NittlerVP Enterprise Strategy
Workday
![Page 3: Enabling Finance Transformation with Cloud Technology: How to Increase Agility, Improve Insights, and Empower Users and the Business](https://reader035.vdocuments.site/reader035/viewer/2022070302/54811a3cb4af9fbe158b604a/html5/thumbnails/3.jpg)
General Characteristics of a leading finance organization – Current to Future State
Future State: Information Focus
Typical Total Cost of Finance is .8 -1% of Revenue
Create value for the
enterprise
Protect enterprise
value
OperateFinance
efficiently
Integrated Business and Financial Planning and Analysis
for Value Creation
Measuring and Controlling Financial Risk/Managing
Governance
Business Partnering Services
Current State: Transaction Focus
Typical Total Cost of Finance is 1-2%+ of Revenue
Reporting andBudgeting
Measuring and ControllingFinancial Risk
Transaction Processing
![Page 4: Enabling Finance Transformation with Cloud Technology: How to Increase Agility, Improve Insights, and Empower Users and the Business](https://reader035.vdocuments.site/reader035/viewer/2022070302/54811a3cb4af9fbe158b604a/html5/thumbnails/4.jpg)
Six Key Aspects of Finance Service Delivery
Service Delivery Model
People
Functional Process
Supporting Technology
Data and Reporting
Governance/Controls
Business & Information
Strategy Alignment
![Page 5: Enabling Finance Transformation with Cloud Technology: How to Increase Agility, Improve Insights, and Empower Users and the Business](https://reader035.vdocuments.site/reader035/viewer/2022070302/54811a3cb4af9fbe158b604a/html5/thumbnails/5.jpg)
ComplianceReporting
Traditional Business Software Architecture
Other Systems
AP Journal Entry
AR Journal Entry
Pay Journal Entry
HR
Business Intelligence System
Data Warehouse
Financial & Statutory Reporting
Data Mart
Dashboards, Scorecards & Spreadsheets
Workflow
Segregation of Duties
Security
Summary Lines
Accounts
Journals
REC
Talent
![Page 6: Enabling Finance Transformation with Cloud Technology: How to Increase Agility, Improve Insights, and Empower Users and the Business](https://reader035.vdocuments.site/reader035/viewer/2022070302/54811a3cb4af9fbe158b604a/html5/thumbnails/6.jpg)
TransactionBusinessEvent
WHEN
Transaction
Capturing Smarter Transactions by “tagging”
Workday Confidential
Traditional System = Fact Modern = Fact + Context
AccountingData
WHERE
WHO
WHATWHY
PRODUCTEMPLOYEE
SU
PP
LIE
R
CUSTOM
ER
CAMPAIGN
PROJECT
GR
AN
TFUN
D
COST
DEPARTMENT
LOCATIO
N
AP
PL
ICA
NT
Accounting D
ata
![Page 7: Enabling Finance Transformation with Cloud Technology: How to Increase Agility, Improve Insights, and Empower Users and the Business](https://reader035.vdocuments.site/reader035/viewer/2022070302/54811a3cb4af9fbe158b604a/html5/thumbnails/7.jpg)
Faster to Embrace Change and Scaling-Up
Changing the Organization Changing the Process
Channel
Supplier
location
project
sales rep
campaign
account
department
Changing the reporting dimension(s)
Spend line
CUSTOMER
SALES REP
LOCATION
Channel
WORKDAY CONFIDENTIAL
![Page 8: Enabling Finance Transformation with Cloud Technology: How to Increase Agility, Improve Insights, and Empower Users and the Business](https://reader035.vdocuments.site/reader035/viewer/2022070302/54811a3cb4af9fbe158b604a/html5/thumbnails/8.jpg)
TALENT REVENUE
PROCUREMENT
PAYROLL
TIME TRACKING
EXPENSES
HUMANRESOURCES
FINANCIALS
ACTIONABLEANALYTICS
MOBILE
COLLABORATIONCONSUMER UI GLOBALAT THE CORE
ADAPTIVE FOUNDATION
TECHNOLOGY FOUNDATION EMBEDDED SERVICES
MULTI-TENANT
OBJECT ORIENTED
IN MEMORY
SECURITY
INTEGRATION CLOUD CONFIGURABLE BUSINESS PROCESSES
REPORTING & WORKTAGS
SETTLEMENT ENGINE
GOVERNANCE & COMPLIANCE
BIG DATA
RECRUITING
![Page 9: Enabling Finance Transformation with Cloud Technology: How to Increase Agility, Improve Insights, and Empower Users and the Business](https://reader035.vdocuments.site/reader035/viewer/2022070302/54811a3cb4af9fbe158b604a/html5/thumbnails/9.jpg)
Thank You!
WORKDAY CONFIDENTIAL