Now more than ever, HR teams are facing increased pressure to optimize the value of their organization’s people investments.
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It’s time for HR and finance to unite

Business leaders know that people are usually the biggest expense in any organization, accounting for 70-80 percent of a given employer’s spending. And, in today’s fast-paced and fluid employment environment, HR teams are facing increased pressure to optimize the value of their organization’s people investments. This takes insights into people… [READ MORE]

Manual spreadsheets simply aren’t powerful or fast enough to enable comprehensive, continuous planning. And without that, you can’t keep up with the pace of modern business. This is why some FP&A specialists use the phrase “spreadsheet-itis.” It’s not only that spreadsheets involve cumbersome and untimely reporting, but they also can deny managers and employees a single, unified view of vital data—one version of the truth.
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5 signs you’ve outgrown spreadsheets

If you ask someone why they still carry a flip phone, push a lawn mower, or use a computer from 1997, they might say upgrading is too much of a hassle. After all, if it ain’t broke, don’t fix it. Take spreadsheets. You might spend time every month fixing broken… [READ MORE]

Your CEO needs access to different data than the manager of HR. Yet there’s also a good chance that they may be interested in some of the same information. And even within the same departments, managers may seek different information. Managers have varying requirements and goals; some prefer a very high-level overview, while others want specific information and a lot of granular details.
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How to improve your financial reporting process

For FP&A, financial reporting is a tricky balancing act. If you share too many reports, business leaders may give up reading them all together. They are saturated. In a study by the American Institute of CPAs and the Chartered Institute of Management Accountants, 32% of C-level executives said more data has made… [READ MORE]

So how do you get other departments to collaborate with finance? Start by empowering your business partners with more ownership and accountability in the data and your process.
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In business planning, collaboration pays off

When it comes to business, collaboration is vital. After all, no single department can do its job for long without the other departments pulling their own weight. Sales is no good if shipping can’t deliver; marketing falls flat if customer service keeps alienating users; everything grinds to a halt if… [READ MORE]

If all this wasn’t already obvious before last week, then it’s certainly clear to anyone who attended Workday Rising Orlando, the annual customer conference for Workday’s HR, finance, and planning communities. The conference’s theme—For a Changing World—shaped the entire program.
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At Workday Rising, planning for a changing world

I write often about change. I note frequently how it is not just inevitable, but accelerating. I do this because change is the defining force in business today, and it’s a force that creates both challenges and opportunities. Though for the 75% of finance executives who say their organizations aren’t… [READ MORE]

New research offers a look at why. A global survey commissioned by Workday queried 988 C-suite executives and leaders, a third of whom have finance leadership roles, about organizational agility. The results show how businesses that recognize the importance of agility—and equip themselves to achieve it—do better than those that don’t.
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The research is in: The future belongs to the agile

At Workday Rising this week, thousands of professionals are gathered to peer into the future of the changing world of work. They’ll hear about innovations and initiatives aimed at, among other things, helping organizations become more adaptable and responsive. In other words, the future belongs to the agile. New research… [READ MORE]