For anyone still dependent on Excel spreadsheets for corporate budgeting, Workday Adaptive Planning is the easy and smart transition to a modern cloud-based application.
Deborah Lansford, CFO, CORT Business Services
Move from spreadsheets to the cloud to create more effective revenue plans. Plan and forecast revenues using business drivers like billing rate, number of resources, and project duration. Model costs, allocations, and profitability by project, customers, or departments. Automate revenue recognition and reporting based on milestones or the percentage that a project is complete.
Workday Adaptive Planning delivers headcount planning capabilities that let you align resources against projects so you can manage demand more efficiently. Model employee costs, billing rates, and utilization assumptions. Compare scenarios and analyze their impact on project profitability. Plan and report on payroll and fully loaded employee costs to better manage expenses.
Our intuitive dashboards and reports help you achieve instant visibility into revenues and expenses by projects, departments, customer segments, and more. Get deeper insight into KPIs such as contribution margins, operating expenses, and revenue by service offering. Empower project leaders by allowing them to visualize critical metrics, analyze trends, and drill down into the details if necessary.
Spreadsheet-based budgeting is often error-prone and time-consuming, and harder to scale across projects and operating units. Workday Adaptive Planning establishes a consolidated source of truth for planning and reporting data. Managers distributed across hundreds of projects can enter budgets and submit plans knowing that they’re accessing consistent and accurate performance metrics and KPIs.