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What is Workday Adaptive Planning?
In today’s ever-changing business environment, it has become difficult to successfully model, forecast, and analyze your business if you haven’t automated how data moves between your transactional systems and your planning systems. The old norm of pulling, manipulating, and uploading CSVs and workbooks in order to obtain real insight into your business simply does not scale.
Workday Adaptive Planning is a robust and easy to use corporate performance management tool that has reimagined how people plan. This software uses real-time data to provide up to date reports to help businesses make decisions faster. Workday Adaptive Planning provides the ability to plan what if scenarios paired with a single source of truth for company data. This in turn allows for faster decisions and continuous planning.
The platform is only effective when it has access to the correct information. Without up to date data, companies may spend hours consolidating before any action is taken. In order to avoid this time sink, there are a number of Workday integrations with other software in order to provide an up to date single source of truth.
Workday Integration Partners
Workday Adaptive Planning needs up to date information in order to provide the most value to your business. In order to provide this value Workday software is designed to integrate with many common corporate performance software tools. These software tools include CRM, ERP, HCM and other software associated with business operations. Here is a list of Workday integration partners:
- Salesforce
- Oracle
- SAP
- Microsoft Dynamics
- Excel
- Sage Intacct
Aside from these integrations, Workday has also provided an open API in order to enable interconnectivity in all areas of your business. Let’s dig into some of these different types of software integrations. Source
Customer Relationship Management Software
Customer relationship management software, or CRM for short, is a tool that helps organizations track and maintain customer data. This software tracks things like leads, progress towards sales, and all other metrics related to your customers. This also includes information on existing customers such as past orders, contact information and much more. This information is especially vital when individuals are earning commissions as this software can help track individual progress as well as the company as a whole. With this added information, Workday Adaptive Planning is able to provide better forecasts and insight into individual compensation.
Enterprise Resource Planning Software
Enterprise resource planning software at its core is your accounting software and its most basic feature is to keep track of all incomes and expenses. However ERP systems can do much more than track finances. A strong ERP system aligns financial management, human resources, supply chain management, and manufacturing or distribution with your financial management and is used to track all of these departments. In other words, ERP systems track your company operations. This data is vital to compensation management. Connecting ERP software with Workday Adaptive Planning provides clear insights into actual sales and revenue metrics.
Human Capital Management
Human Capital Management is the process of ensuring that your business is equipped to satisfy customer demand. Whether you are determining the effectiveness of your customer support team or determining how many sales representatives you need, HCM software provides important information to decision makers. This information can be used to spur growth or to determine underperforming sectors. Regardless, HCM software provides important data and the integration with Workday allows for better predictions.
Custom Data Sources and Open API
Workday Adaptive Planning is designed for use by any team. With more than 2000 Workday integrations across over 200 different platforms, the software provides the necessary tools and a solution provider provides the expertise to make an integration work with any cloud-based, on-premise, and file-based applications.
Solution providers provide a team of experts to both implement and educate users on best practices while using workday. The open API provides an open and standards-based platform to allow you to leverage data sources that may be unique to your business. Whatever application your business uses, you can be confident that it will connect seamlessly with Workday Adaptive Planning.
How Can Qbix Help?
Often times the hardest part of implementation is the integration of various data sources. With Qbix Analytics, you have access to a team of industry experts ready to help your business get the most out of its software. A solution provider will cut your implementation times and provide immediate returns to your business. Schedule a call with Qbix today to learn more.