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SAFE HARBOR STATEMENT
© 2021 HR Path
This presentation may contain forward looking statements for which there
are risks, uncertainties and assumptions. If risks materialize or assumptions
prove incorrect, Workday's business results could differ from the results
implied in this presentation.
Any unreleased services, features or enhancements that are not currently
available are subject to change at Workday's discretion.
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OPT-IN OR AUTOMATICALLY AVAILABLE
© 2021 HR Path
Set up required/Opt-in
Automatically Available
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#1. Book-to-Bank Summary Reports
© 2021 HR Path
Feature Description
Workday delivers new, simplified book-to-bank summary reports that help streamline the book-
to-bank reconciliation process. You can use the reports to easily identify discrepancies between
bank balances and ledger balances as well as strategize how to best account for and reconcile
any differences.
Date
Preview : 07/08/2021
Production : 11/09/2021
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#2. Customer Invoice Document Delivery Options
© 2021 HR Path
Feature Description
With 2021R2, Workday delivers a new document delivery method, enabling you to configure document
delivery types for various customer documents to better suit your business needs.
This improves reporting by making it easier to identify more granular delivery types at the customer level.
It also promotes the trend towards dematerialization of invoices, which reduces costs, and potential
disputes related to late payments, facilitates regular monitoring of customer invoice processing and
simplifies VAT declarations, …
Date
Preview : 07/08/2021
Production : 11/09/2021
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Zoom in – 2.3 Customer Invoice Document Delivery Options-printing view-
© 2021 HR Path
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#3. Split Screen on Supplier Invoices
© 2021 HR Path
Feature Description
With 2021R2, Workday delivers a new supplier invoice split screen user interface, improving the
invoice entry experience for supplier invoices and invoice adjustments.
Workday displays the invoice details on the left side and the attachment image on the right side
of the screen, giving you the ability to view and change transaction invoice data as needed.
Date
Preview : 07/08/2021
Production : 11/09/2021
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Zoom in –3.1 Split Screen on Supplier Invoices – Always expanded Option
© 2021 HR Path
1 From the view prompt of Edit Tenant setup-
Financials Task, you can set up the default split
screen view preference for attachments on
supplier invoice to “Always Expanded”
If a document is attached to the invoice, it will display
automatically to the right of the supplier invoice upon
initial load. You can hide it if needed
2
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Zoom in –3.2 Split Screen on Supplier Invoices – Always Collapsed Option
© 2021 HR Path
1 From the view prompt of Edit Tenant setup-
Financials Task, you can set up the default split
screen view preference for attachments on
supplier invoice to Always Collapsed
The attachment is found on the screen. You can
expand it as needed. However, you will not be able to
view the attachment in a split screen
2
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#4. Workday Assistant for Projects
© 2021 HR Path
Feature Description
With this release, Workday now enables requesters to use Workday Assistant functionality to easily
retrieve project information, such as project status. This provides quick, self-service access,
saving time and effort.
Date
Preview : 07/08/2021
Production : 11/09/2021
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#5. Configuring Transaction Tax ID Exception Rules
© 2021 HR Path
Feature Description
Workday now allows to set up exception rules to override the selection of transaction tax IDs for companies,
customers and vendors on customer and vendor invoices. This reduces your workload and ensures the
accuracy of transaction tax IDs when creating customer and vendor invoices.
Transaction Tax ID Exception rules can be set up for both revenues and expenses
Date
Preview : 07/08/2021
Production : 11/09/2021
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#6. Intelligent Customer Payment Matching
© 2021 HR Path
Feature Description
With this release, Workday delivers an Intelligent Customer Payment Matching innovation service that
leverages machine learning to provide greater insight into your customer payment transactions. The new
service provides recommendations for matching customer payments to invoices and adjustments, making it
easier to research on-account payments or payments that aren't fully applied. It also provides
recommendations on how to apply payments that do not have a remittance advice, reducing time and
manual effort.
Date
Preview : 07/08/2021
Production : 11/09/2021
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Zoom in – 6.1 Intelligent Customer Payment Matching
© 2021 HR Path
Create invoices and invoice adjustments for the company
Global Services Inc and the client ABC tech.1 2re
Record payment with both applied
with on account and unapplied
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Zoom in – 6.2 Intelligent Customer Payment Matching
© 2021 HR Path
Run schedule Cash application Insights3 4Update the request Name, the company name, the
currency, the payment days and the days before
shedule for which you want to pull payment and
validate
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Zoom in – 6.3 Intelligent Customer Payment Matching
© 2021 HR Path
Once the running process is completed a
notification is received5 6 Open the notification and select « View cash
application insights » then enter the company name
and the currency and hit « OK »
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Zoom in – 6.4 Intelligent Customer Payment Matching
© 2021 HR Path
The « View cash application insights » will display the customer payment and the recommended
invoices. Once you click on « Review » on any line, you will be moving to the apply customer payment
screen
7
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Zoom in – 6.5 Intelligent Customer Payment Matching
© 2021 HR Path
The recommended invoices are preselected, and the recommended payment are prepopulated, the
remittance advice lines is zero and there is no remaining amount to apply. Once you submit the
payment, the cash application insights report will no longer include the line you have selected as it has
been already applied.
8
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#7. Receipt Accrual by Company Hierarchy
© 2021 HR Path
Feature Description
With 2021R2, Workday enables you to run a receipt accrual by company hierarchy. This enables you to
initiate individual receipt accruals for each company included in a hierarchy, saving you time and manual
effort
Date
Preview : 07/08/2021
Production : 11/09/2021
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Zoom in – 7.1 Receipt Accrual by Company Hierarchy
© 2021 HR Path
• Workday now enables you to select any of these from the Company prompt on the Create Receipt
Accrual and Schedule Receipt Accrual Creation tasks, adding flexibility: (1 company, Multiple
Hierarchy, Multiple company hierarchies)
• Companies must have an open ledger period for the selected period and be part of the same fiscal
schedule.
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#8. Supplier Invoice Work Area
© 2021 HR Path
Feature Description
Workday continues to build on the Supplier Invoice Work Area functionality and now enables you run
conversions between 1 or multiple supplier invoices and invoice adjustments, adding flexibility for invoice
processing. It also gives you more visibility of supplier invoice turnover days, helping you track performance.
Date
Preview : 07/08/2021
Production : 11/09/2021
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#8. Supplier Invoice Work Area
© 2021 HR Path
• Workday continues to build on the Supplier Invoice Work Area functionality and now enables you to run
conversions between 1 or multiple supplier invoices and invoice adjustments, adding flexibility for
invoice processing. We also give you more visibility of supplier invoice turnover days, helping you track
performance.
• Switch transactions from/to Supplier Invoice <-> Supplier Invoice Adjustment
• With Workday 2021 R2, we deliver a new “Convert to Supplier Invoice” related action, that you can
select from the supplier invoice adjustment, reducing manual processing. When you select the Convert
to Supplier Invoice related action, the system cancel the supplier invoice adjustment and generate a
new supplier invoice.
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#9. Supplier Invoice Automation for Worktag Recommendations
© 2021 HR Path
Feature Description
Workday 2021R2 makes it easier to select spend category worktags on supplier invoice lines by providing
better machine learning predictions. This increases the efficiency of the supplier invoice process and
reduces the volume of miscategorized invoices and associated manual work.
Date
Preview : 07/08/2021
Production : 11/09/2021
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Zoom in – 9. 1 Supplier Invoice Automation for Worktag Recommendations
© 2021 HR Path
• You will not be able to preload these recommendations into the tenant. The recommendations are
based on the predictions provided by the Machine learning models in Workday. Supplier, Supplier
Category, Company, Item Description are the inputs into the model and the spend category is the
output. The maximum number of suggested worktags are 5 spend categories/ Worktags.
• At any point, if a customer does not like these recommendations and found them misleading, the
configuration can be turned off to not display the suggested worktags
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#10. Restrict Item Requisitioning by Requesting Entity
© 2021 HR Path
Feature Description
You can now restrict the requisitioning of purchase items by requesting entities. This ensures that
requisitions are created for only authorized items while improving the user experience.
Date
Preview : 07/08/2021
Production : 11/09/2021
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Zoom in – 10.1 Restrict Item Requisitioning by Requesting Entity: Option 1
© 2021 HR Path
Create a list of restricted purchase items and
specify which items are in that list
Specify which requesting entities should have
access to the items in the list
1 2
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Zoom in – 10.2 Restrict Item Requisitioning by Requesting Entity: Option 2
© 2021 HR Path
As you update or create a new purchase Items you will be able to directly restrict them to a requesting
entities.
1
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Zoom in – 10.3 Restrict Item Requisitioning by Requesting Entity: Option 3
© 2021 HR Path
When you update or create a new requesting Entity, you can specify which restricted purchase Items
the entity should have access to1
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#11. Journal Insights
© 2021 HR Path
Feature Description
Workday 2021R2 delivers Journal Insights, which leverages machine learning to analyze posted journal lines
for anomalous activity on an automatic and continuous basis. This helps you close accounting periods with
greater efficiency and confidence. As Journal Insights analyzes your journal lines, it identifies unusual
combinations of worktags or missing worktags on your journal lines and recommends different worktags,
helping you maintain data integrity in journal lines.
Date
Preview : 07/08/2021
Production : 11/09/2021
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Zoom in –11.1 Journal Insights
© 2021 HR Path
You can have Journal Insights configured as a
Worklet or search it on the search bar.
When the user gains first access to the journal
insights, they will be directed to a prompt
page when they can filter on areas of their
accounting. This includes prompt in field such
as company, reporting currency,…
1
2
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Zoom in –11.2 Journal Insights
© 2021 HR Path
The user will be directed to the journal insights summary page which include two tabs: priority
and All. The journal lines anomalies are grouped by ledger account. To view the jounrals with
detected anomalies, click on « View X Journal Lines »
3
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Zoom in –11.3 Journal Insights
© 2021 HR Path
Once the user clicks on « view journal lines », they will be directed to the « Correct and Dismiss
Journal Lines Anomalies » which displays the individual journal line details
4
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Zoom in –11.4 Journal Insights
© 2021 HR Path
The current worktags are the original the user has selected in the journal lines and the
recommended worktags are the ones recommended by Workday that will bring the journal lines in
line with the historical data. If the user chooses to correct the journal they have to select the
« create journal » option
4
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Zoom in –11.5 Journal Insights
© 2021 HR Path
This allows them to post a new journal line that reverses the orginal line and also to post a new
journal line with the correct worktags.
5
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#12. Key Performance Indicators for Project Budgets
© 2021 HR Path
Feature Description
Workday delivers new Key Performance Indicators (KPIs) for project budgets, making it easier to analyze the
financial health of your project. You can now review the budget metrics for each project at a glance,
enabling you to quickly understand your finances and make decisions that improve project success.
Date
Preview : 07/08/2021
Production : 11/09/2021
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Zoom in –12.1 Key Performance Indicators for Project Budgets
© 2021 HR Path
• The user can check the Key Performance Indicators for a particular project on the below screen
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Zoom in –12.2 Key Performance Indicators for Project Budgets
© 2021 HR Path
• By navigating to the financials plan, the system displays new cards of your projects which are :Labor
performance calculations/ Nonlabor performance calculations and Overall project financial health
calculations
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Zoom in –12.3 Key Performance Indicators for Project Budgets
© 2021 HR Path
• You can drill down into these new cards to view:
➢ Project cost burndown charts and grids.
➢ Trending margin and project revenue charts and grids
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#13. Budget Date on Spend Authorization Lines (Expenses)
© 2021 HR Path
Feature Description
With Workday 2021R2, you can now select a budget date on spend authorization lines, providing
you with the flexibility to determine which budget period the spend applies to. This eliminates
the need to wait to submit spend authorizations until the budget period starts, making it easier
to manage your planned spend and improving budgetary balance reporting.
Date
Preview : 28/05/2021
Production : 11/09/2021
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Zoom in –13.1 Budget Date on Spend Authorization Lines
© 2021 HR Path
The operating budget for the fiscal year
2020/2021 is almost consumed but we still have
budget under Other expenses category but no
enough funds for Travel
The company operating budget for 2021/2022 is
already planned and there is an available funds for
travel
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Workday Release 2021R2 Live sessions
© 2021 HR Path
The Release window for 2021 Release 2 is from August 7th until September 11th. Go live is planned
for September 11th.
Thank you for your attention
© 2021 HR Path
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