Workday is building a new business management system for the modern business era, specifically to address or eliminate many of the shortcomings of ERP. Today we?ll see three ways Workday is revolutionizing the world of business software. ERP Problem #1: ERP?s Inability to support business users. when traditional ERP systems were built a quarter century ago, they were optimized to create accounting, financial and statutory reports. In fact, they served financial analysts and accountants very well. ERP Problem #2: ERP?s lack of flexible reporting capabilities Traditional ERP Reporting solutions are centered around the code-block: a single, universal data structure that captures core common data relevant to every transaction. although completely customizable during implementation, the code-block is very difficult to change after go-live. ERP Problem #3: ERP?s Inability to effectively manage business processes ? establishing and enforcing business processes, ? ensuring segregation of duties, and ? auditing procedures to ensure they are being followed.
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Workday Business Management Services/Financials Overview
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Source: http://www.business4noobs.com/workday-business-management-servicesfinancials-overview/
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