Intelligent Customer Payment Matching Powered by Machine Learning
Do you have a number of on-account or unapplied customer payments in Workday? Do you have payments that are misapplied? With release 2021R2, Workday now offers Intelligent Customer Payment Matching that leverages machine learning to assist with matching customer payments to open customer invoices and …
Your Step-by-Step Guide to Mastering HR Reporting in Workday
I was thrown into the deep end of Workday reporting in 2015 when my company’s HR reporting expert chose to retire at Go Live. I felt overwhelmed and unsure of where to start. Over time, however, I got more and more comfortable creating my own …
Vaccination Management in Workday: A Ready to Implement Solution
No matter where you are in the world or what industry you work in, your organization has been impacted by COVID-19. From shutdowns to vaccinations, the last year and a half has been a roller coaster for everyone. You are not alone if you are …
Asset Pooling and Composite Assets
Do you have an excess of similar, low value assets causing your asset count to be unreasonably high and difficult to manage? Well, there is no need for all those assets when you can group them together into one asset using Asset Pooling Rules. A …
A Lesser-Known Workday Banking Feature You’ll Wish You Knew Sooner
Solution: Bank Account Transfers for Settlement in Workday I was inspired to write this post after realizing that many of our clients who went live with Workday prior to WD29 have no idea this enhanced bank account transfer feature exists. It solves a customer pain …
Ready or Not, Big Changes are Coming to Retained Earnings
Workday is changing the way that it calculates retained earnings, which will have a major impact on balance sheet reporting for nearly all organizations using Workday Financials. Under the previous architecture, Workday maintained a separate ledger for all transactions that affect retained earnings – and …
What We Forget When a Worker Leaves an Organization
Minimizing System Disruption When a Worker Leaves an Organization When an employee or contingent worker leaves an organization, there are many offboarding activities that occur. An organization’s focus is generally removing the user’s security or system access, but what about downstream impacts to tasks and …
Automatically Manage Business Processes for a Worker
One of the hardest parts about maintaining an HR system is ensuring data integrity. Keeping your HR system accurate, complete, and compliant can turn into a full time job. It has become essential for organizations to implement automated systems and processes that can help reduce …
Customizing Your Payslip – Summarizing Earnings
Workday delivered payslips are pretty helpful because it allows for many configuration choices that can be used directly in the tenant in the Workday payroll. Most of the time, these are all that are needed for employers without a lot of hourly pay components and …
Capital Projects
Are you in the midst of any construction projects, building improvements, software implementations, or equipment installations? Are you tediously using manual entries to move these related expenses out of your WIP account when an asset is ready to be placed in service? If so, there …
