What is Workday and how does it work?

Workday's cloud-based enterprise platform for HR and finance seamlessly connects with Abacum's FP&A capabilities, enabling organizations to unify workforce data with financial planning. This integration empowers finance teams to leverage real-time HR and financial data from Workday for more accurate budgeting, forecasting, and strategic decision-making in Abacum.

Benefits of Integrating Workday with Abacum

• Sync employee data, compensation details, and headcount information automatically from Workday HCM to power workforce planning and cost modeling in Abacum

• Eliminate manual data exports and reconciliation between HR and finance systems, reducing errors and saving hours of administrative work each month

• Connect financial actuals from Workday Financial Management directly to Abacum for variance analysis and rolling forecasts based on real-time data

• Enable dynamic headcount planning by linking organizational structures, departments, and cost centers from Workday to Abacum's planning models

• Automate the flow of payroll costs, benefits, and other employee-related expenses to ensure accurate personnel cost forecasting and budget allocation

• Create unified reporting dashboards that combine Workday's operational metrics with Abacum's forward-looking financial plans for comprehensive business insights

• Support scenario planning for organizational changes by modeling the financial impact of hiring plans, restructuring, or compensation adjustments using live Workday data

• Maintain data consistency and governance with bi-directional sync capabilities and configurable field mapping between both platforms