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    WDAY   US98138H1014

WORKDAY INC.

(WDAY)
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Real-time Estimate Cboe BZX  -  12:48 2022-08-09 pm EDT
165.31 USD   -0.90%
08/04Workday Announces 2022 Financial Analyst Day
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08/03Workday Announces Date of Fiscal 2023 Second Quarter Financial Results
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08/02Workday Announces the Return of Workday Rising
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McKinsey Expert: How to Build the Best Team to Support the CFO

06/29/2022 | 06:22pm EDT

Not only does data need to be accessible in real time, it also needs to be visualized and ready to use for decision-making, Tam said. Gone are the days of spending hours manually manipulating and cleansing data to prepare for analysis.

"We see next-level FP&A teams being able to leverage technology to have that data ready to use," she added.

And to use the data means organizations will need talent with skills that go beyond core financial know-how, such as accounting and technical financial skills. FP&A teams also need to think about how they can become strategic thought partners and, ultimately, value creators.

"It's important to seize the right technology to drive insights and an acute focus on talent to really be a next-level FP&A team," Tam said.

Tackling the Talent Equation

Filling next-generation FP&A teams with the right talent will demand creativity from CFOs, especially as more traditional finance tasks become automated.

Insight generation, deep analysis, and problem-solving skills are some of the traits finance leaders should focus on for the future, Tam said. Such roles will only increase in importance amid environments that are growing in complexity.

"There's definitely a role on FP&A teams for both breadth and depth of experience," she said.

In a tight labor market, finding the right people could also involve investing in developing existing talent, as well as tapping team members with nontraditional backgrounds, Tam added. "CFOs are going to need to take some creative steps to think about how to solve for those skills in the future."

Visualizing the Role of Technology

While enabling next-level FP&A teams requires investments in technology, the road to digital transformation isn't as simple as adding a budget line. A well thought-out roadmap is essential to understanding what parts of the finance function make sense to automate for greater efficiency, Tam said. "We often recommend organizations start, particularly within finance, with some of the more transactional, more routine areas-such as accounts payable, general ledger accounting-because those are activities that tend to be easier to automate."

Disclaimer

Workday Inc. published this content on 29 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 June 2022 22:21:06 UTC.


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All news about WORKDAY INC.
08/04Workday Announces 2022 Financial Analyst Day
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Financials (USD)
Sales 2023 6 198 M - -
Net income 2023 -385 M - -
Net cash 2023 2 860 M - -
P/E ratio 2023 -110x
Yield 2023 -
Capitalization 42 367 M 42 367 M -
EV / Sales 2023 6,37x
EV / Sales 2024 5,13x
Nbr of Employees 15 200
Free-Float 77,5%
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Mean consensus BUY
Number of Analysts 34
Last Close Price 166,80 $
Average target price 215,88 $
Spread / Average Target 29,4%
EPS Revisions
Managers and Directors
Aneel Bhusri Chairman & Co-Chief Executive Officer
Chano Fernandez Co-Chief Executive Officer & Director
Robynne D. Sisco Co-President
Doug Robinson Co-President
Barbara Larson Chief Financial Officer
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