Workday, the global expert in enterprise cloud applications for finance and human resources, has been recognized as a leader in the 2023 Gartner Magic Quadrant for Financial Planning Software. This is his second year that Workday has won this title since the category’s creation in 2022.
Financial planning software is becoming increasingly important for companies navigating a rapidly evolving business environment that requires frequent planning and the ability to handle large data sets taking into account potential fluctuations. Masu.
Workday’s adaptive planning software is chosen by more than 6,300 organizations worldwide, including Life Care Services, Ryder System, Inc., Salesforce, Shutterstock, and Wintrust, to make strategic business decisions faster and with more confidence. You can do it with
Dennis Yen, director of planning at Workday, believes this recognition confirms the company’s innovation, citing the software’s “easy-to-use features and system ability to handle large amounts of data to meet complex modeling requirements.” A unique fusion.
To keep up with the speed of business, Workday AI is now at the core of Workday Adaptive Planning, enabling customers to derive real-time insights and make faster decisions.
Workday Adaptive Planning delivers powerful performance at scale and ease of use, backed by Elastic Hypercube Technology (EHT). This enables efficient computation of complex models by adding memory and computational power as needed.
Additionally, it is user-friendly, allowing financial planning and analysis teams to quickly modify models by adjusting dimensions, logic, and formulas as needed, without requiring technical expertise.
This platform-independent solution integrates well with both Workday and non-Workday data sources. A ready-to-use, built-in integration framework allows customers to efficiently integrate third-party systems of record with Workday Adaptive Planning.
These include enterprise resource planning, customer relationship management software, marketing and human resources systems, and data warehousing.
Workday’s AI technology gives customers access to AI capabilities without technical expertise. This includes predictive forecasting capabilities within Workday Adaptive Planning that use machine learning to quickly analyze historical and third-party datasets and automatically create demand forecasts.
New generative AI capabilities enable users to leverage conversational text to navigate the system, quickly view data, uncover insights, and get recommended actions based on these insights.
Workday was also recently recognized as a Leader in the 2023 Gartner Magic Quadrant for Cloud ERP for Service-Centric Enterprises. Connecting Workday Adaptive Planning to the Workday platform provides additional benefits to customers, such as streamlined workflows and a consistent user experience.