Why Enterprise Software Must Evolve In the Age of Apps Managing the finance department typically involves studying multiple reports with the hope that some level of additional insight can be gained that helps improve the performance of the business. The trouble is that all of those reports are generated by different applications, which makes correlating […]
Why Enterprise Software Must Evolve In the Age of Apps
Managing the finance department typically involves studying multiple reports with the hope that some level of additional insight can be gained that helps improve the performance of the business. The trouble is that all of those reports are generated by different applications, which makes correlating all that information a lot more complex than it should be.
Moving to reduce that complexity, Workday today announced that it has developed a Composite Reporting tool that allows organizations to pull data from multiple sources into the Workday software-as-a-service (SaaS) application. Betsy Bland, vice president of financial management products for Workday, says that because the Workday application runs in-memory, users can now pull all that data together to generate a single report based on information that originally resided in multiple applications.
Most organizations today struggle with any number of financial applications, ranging from spreadsheets and customer relationship management (CRM) applications to general ledgers and suites of enterprise resource planning (ERP) applications.
Bland says data can be moved to the Workday platform via an integration platform that is baked into the Workday environment. That platform provides options to use REST application programming interfaces (APIs), Web services, enterprise service bus or its Big Data integration offering to move that data. Those Workday reports can then be generated via reporting tools that present the end user with a familiar spreadsheet, says Bland. Organizations can also define who gets to see a report based on their role in the organization, which Bland says makes it easier for organizations to comply with regulations.
In addition to adding the Composite Reporting tool, Workday announced that it has added support for additional financial business models within its financial applications, including business models based on subscriptions and organizations operating in the education and government sectors or as non-profit entities.
Michael Vizard is a seasoned IT journalist, with nearly 30 years of experience writing and editing about enterprise IT issues. He is a contributor to publications including Programmableweb, IT Business Edge, CIOinsight and UBM Tech. He formerly was editorial director for Ziff-Davis Enterprise, where he launched the company’s custom content division, and has also served as editor in chief for CRN and InfoWorld. He also has held editorial positions at PC Week, Computerworld and Digital Review.
The go-to resource for IT professionals from all corners of the tech world looking for cutting edge technology solutions that solve their unique business challenges. We aim to help these professionals grow their knowledge base and authority in their field with the top news and trends in the technology space.
Property of TechnologyAdvice. © 2025 TechnologyAdvice. All Rights Reserved
Advertiser Disclosure: Some of the products that appear on this site are from companies from which TechnologyAdvice receives compensation. This compensation may impact how and where products appear on this site including, for example, the order in which they appear. TechnologyAdvice does not include all companies or all types of products available in the marketplace.
