CFO Solutions: Empowering CFOs
Empowering CFOs with actionable insights from Workday innovation
Challenges
Today's CFO operates in an increasingly complex and demanding business environment. Recent reports from leading analyst firms highlight the evolving responsibilities of the modern CFO. From navigating economic uncertainty and embracing AI-driven transformation to ensuring regulatory compliance, today's CFO must manage a broader, more strategic role than ever before—often under intense pressure.
To meet these challenges, CFOs must depend on robust financial management systems to deliver reliable financial reporting, generate actionable insights, and support strategic decision-making. These reports must be instantaneous, accurate, and complete to enable effective leadership in a rapidly changing landscape.
Solution
Workday Financial Management ensures accurate accounting transaction capture along with the richness of multiple dimensions. In essence, it leaves behind the antiquated use of account code blocks and employs Worktags (dimensions) and hierarchies to report multiple ways on financial data. Workday Composite Reports were designed to handle this multi-dimensionality giving the flexibility of producing financial statements, plan vs actuals and other financial reports while ensuring accuracy and completeness of the data.
Why WorkWise
During my time as a product manager at Workday, I drew on my CPA background to validate designs and oversee the development of composite reports, ensuring alignment with financial reporting requirements. Today, composite reports are robust and highly flexible, capable of addressing nearly any financial reporting need. This versatility has been instrumental in helping Workday grow its Financial Management customer base to over 2,000 organizations. Now, I am employing my unique, in-depth knowledge of composite reports to help customers fully realize the value and capabilities of this solution.
Benefits of Partnering with WorkWise
WorkWise Consulting transforms financial operations by combining deep Workday expertise with CPA-driven precision, empowering CFOs to make informed, strategic decisions with confidence. Our tailored solutions deliver:
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Accurate, Compliant Reporting: Ensure GAAP, IFRS, and SOX compliance with reliable, instantaneous financial reports.
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Streamlined Operations: Optimize close processes and reporting workflows for efficiency and scalability.
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Actionable Insights: Unlock multidimensional data analysis through Workday’s composite reporting and custom dashboards.
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Strategic Focus: Free up time for high-level decision-making with robust, tailored financial solutions.
WorkWise CFO Services
Financial Reporting
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Statutory (GaaP, IFRS)
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Plan v Actual
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Operational
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Cross Functional
Close Process Efficiency
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Reporting Close Checklist
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Report Tags and Organization
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Report Groups and Bursting
SOX Controls (Non Attest)
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Report Security
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Internal Controls Review
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Auditor Dashboard Deployment
Financial Dashboards
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Custom Dashboards and KPI's
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Deploy Workday delivered dashboards
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Financial Discovery Boards