Nav Level 1 - Solutions

Working overtime isn't a scalable solution

Whether your organization is in a high-growth stage, preparing to go public, or facing increased competition, your budgeting, planning, and forecasting processes in finance need to be flexible to set you up for success. Having the tools and processes that can scale with your business's needs can save you hours, days, or even weeks of time. The difference can mean spending your time buried in spreadsheets or seeing the bigger picture.

Spreadsheets can scale, but only if you have the time, patience, and strict controls to re-build models manually every time a core assumption changes. If your company is growing rapidly, chances are the business needs you to spend your time on analyses and forecasts, not manually maintaining the model itself.

Three common sources of finance growing pains

You're being asked for more data, more often

Finance continues to be asked for more data, more often

No matter what stage of growth your company is in, having more efficient processes means you can spend more time on strategic analysis. Forecasting more often and running scenario analyses builds a foundation for more accurate data, and better business decisions.

You want to:

  • Scenario plan to prepare for different business changes
  • Adjust the plan given revenue growth or misses
  • Implement rolling forecasts to get more accurate forecasts more often
  • Refresh reports and dashboards with a click

Your business needs change (due to growth, M&A, IPO...)

As companies grow, the responsibilities and demands placed on finance change

As a company grows, things get more complex. Managing models to reflect the latest business position means dealing with more spreadsheets, more users, and more information. The finance team is responsible for supporting the business and scaling processes, but often finance is the last department to get additional resources to manage these changes.

You need to:

  • Scenario plan to keep up with hiring frenzies
  • Quickly adjust the plan and actuals given revenue growth
  • Adapt quickly to changing business situations (M&A, IPO, etc.)
  • Forecast more accurately without much historic information

Your public company needs accurate forecasts

Building credibility starts with delivering relevant, useful data to business managers

The demands and responsibilities of a public company are unique. Hitting the mark on forecasts and giving accurate guidance to the street are big determinants of success. Just as important is having the right data and information to explain why you missed a forecast. Managing expectations is the key to success, and you need the flexibility and data to report with accuracy.

Going public means you have to:

  • Accurately estimate company value and growth for investors
  • Explain the root cause of missed forecasts
  • Invest in processes and build a foundation that can continue to scale with future changes
  • Prepare forecasts more frequently, in less time

Unfortunately, shuffling files around doesn't scale

No matter how many times you've tweaked or edited your model, it's impossible to keep up with the changes in a growing business. When your spreadsheets and processes don't scale easily with change, stress and frustration grow while accuracy suffers.

You feel the negative consequences:

  • Spending time on busy work instead of real analysis for the business
  • Stressing over whether you are even working with the correct data
  • Tracking down and staying on top of the different stakeholders in the planning process
  • Manually consolidating data from different sheets
  • Deciphering what changes were made to a spreadsheet, and who made the changes
  • Finding it difficult to report on, and visualize your model in a digestible way for stakeholders and the board
Shuffling spreadsheet files around doesn't scale

Growth causes change. A flexible finance model allows you to focus your time on strategy, not data validation.

Adopt active, scalable processes & spend your time more strategically

There is nothing more frustrating than investing your time in something your company quickly outgrows. Why spend all of your time working on an Excel model that needs constant attention and editing as your business challenges change?

To keep up with shifting business needs, especially high growth, scalability is key. You need flexible finance processes that allow you to collaborate with other users with ease. You need tools that enable you to build complex models and dashboards with a few clicks. And finally, processes that you can work with over the long term, including periods of high growth or unprecedented change (like an IPO). You need a process that is collaborative, comprehensive, and continuous.

Finance teams need a tool that improves collaboration with stakeholders


  • Engage finance and business owners across the organization with ease of use
  • Empower adoption with self-service capabilities
  • Spend more time analyzing your model instead of creating it
  • Always work with real-time data
  • Drag-and-drop report building features
  • Have confidence that everyone is working in the same model version
Finance teams need a tool that is comprehensive


  • Create dashboards that integrate your actuals and plan
  • Easily manage models and forecasts across all integrated data sources
  • Run flexible what-if analyses
  • Access audit trails to see what changed, when, and who did it
  • Easily account for multiple currencies, exchange rates, etc.
  • Get business insights from real-time data
  • Build board reports for senior management
Finance teams need a tool that lets them have financial plans that are continuous


  • Automate data consolidation from all sources
  • Export operational data from GL, payroll, purchasing, etc.
  • Collaborate with business partners
  • Course-correct with more agility
  • Run scenario plans in minutes
  • Update reports with one click
  • Use flexible modeling that lets you build on the fly and adjust dimensions as needed

When you have these three components, we call it "active planning"

Interested in learning more about software that enables active planning?

Learn More About Planning for Finance

We can rest assured that this information is both accurate and up-to-date, which is vital when we’re planning and making predictions. Workday Adaptive Planning has offered us a scalable solution to our budgeting and reporting requirements. More than ever before, the company is now all on the same financial page. It has allowed us to drive discussions based on a single view of the entire business, giving us the historic picture that allows us to look forward based on real trends.

Matt Buckley, Group Planning and Reporting Lead for Finance

Learn More