Adaptive Insights Becomes a Workday Certified Solution Partner
Certified Integration Provides Workday Financial Management Customers with Additional Budgeting, Forecasting, and Planning Capabilities
Adaptive Insights, the leader in cloud corporate performance management (CPM) for the biggest brands and the hottest companies and a Workday (NYSE: WDAY) software partner, today announced that it has achieved Workday Certified Solution Partner status. With this certification, Adaptive Insights can now provide customers with a real-time, bidirectional integration that seamlessly connects Workday Financial Management with its industry-leading Adaptive Planning application.
Workday Financial Management unifies a full range of core financial capabilities to provide organizations with the real-time visibility, speed, and agility required to meet the complex needs of today’s business landscape. The integration enables easy sharing of general ledger balances, journal entries, and Worktag information from Workday Financial Management to Adaptive Planning, where budgets, forecasts, and plans are created and the resulting data integrated with Workday. Joint customers are already leveraging the integration today, which will be owned, maintained, and updated by Adaptive Insights.
The challenges associated with integrating financial and operational data beyond the general ledger are top of mind for CFOs today. According to the Adaptive Insights CFO Indicator Q3 2015 report, sales and workforce data are the two types of non-financial data CEOs most commonly request from their CFOs. The report also noted that 69% of global CFOs surveyed believe that keeping data siloed is one of the biggest financial mistakes that most companies make, underscoring the need for data integration.
“It is increasingly clear that companies require a comprehensive view of data from across the entire organization in order for their finance teams to make informed, strategic decisions,” said Carolee Gearhart, senior vice president of international sales and global channels, Adaptive Insights. “Our Workday certification reinforces the importance of solutions that solve organizational budgeting, forecasting, and planning challenges, while maintaining consistency with the underlying financial and operational data. It gives modern finance teams the ability to plan, analyze, and act faster, and with greater confidence in the integrity of the data.”
For more information about Adaptive Insights becoming a Workday Certified Solution Partner, read the Adaptive Insights blog.