Workday Financials is Coming!
With the initial HCM phase of the Workday project behind us, we are now looking forward to implementing Workday Financials. Our goal is to go live on July 1, 2013. This system will meet Brown’s financial reporting and management needs, provide greater transparency, streamline business processes, and provide easier access to financial information. In addition, the Workday integrated business solution of human resources, payroll, and financial information will remain current over time to address the constantly changing management and compliance needs in these areas.
Workday Financials will redefine our existing Chart of Accounts, Brown’s coding structure that includes revenues, expenses, assets, and liabilities. The new Account Set (in Workday terminology) will better support online user query and transaction processing, enhanced management reporting at all levels, and consistent views of financial data across the University. In addition, Workday Financials will offer standard online business processes, similar to those in HCM, that will provide automated workflow in the most common transactions, including expense reimbursement, purchasing, and invoice processing.
Please use this website as a resource as we continue with second phase of the Workday project over the next year. Please consult these pages often for up-to-date information on the Financials project and for more training opportunities. Workday is going to simplify the way Brown conducts its financial business.
Have a great workday!
Beppie Huidekoper, Karen Davis, Mike Pickett, and Don Schanck
Workday Executive Sponsor Group
WORKDAY FINANCIALS IS COMING! IN PREPARATION FOR FINANCIALS GO LIVE ON 7/8/13, WORKDAY WILL BE DOWN ON JUNE 22 & 23, JUNE 29 & 30 AND 7/2 FROM 5:00 PM THROUGH JULY 8 AT 8:00 AM. NO TRANSACTIONS WILL BE PROCESSED DURING THIS TIME. PLEASE PREPARE ACCORDINGLY.