Latest Innovations from Workday Analytics and Planning
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The Workday Planning and Analytics Innovation 2020R1 release focuses on enhancements in reporting, benchmarking, and analytics capabilities, aiming to simplify financial and human capital management through improved data visualization and user experience. Key innovations include new reporting functionalities, added benchmarking categories, and enhanced integration of adaptive insights providing better tools for planning and analysis. The presentation also addresses barriers to data-driven decision-making and highlights the importance of a unified system for business operations.
Latest Innovations from Workday Analytics and Planning
- 1. Workday Planning and Analytics Innovation 2020R1 Release
- 2. Will Rodger Senior Product Marketing Manager Manogna Bhargav Senior Product Manager Kerman Lau Principal Product Manager
- 3. Housekeeping Items Help Slides Media Player Resource ListQ&A Speakers
- 4. This presentation may contain forward-looking statements for which there are risks, uncertainties, and assumptions. If the risks materialize or assumptions prove incorrect, Workday’s business results and directions could differ materially from results implied by the forward-looking statements. Forward-looking statements include any statements regarding strategies or plans for future operations; any statements concerning new features, enhancements or upgrades to our existing applications or plans for future applications; and any statements of belief. Further information on risks that could affect Workday’s results is included in our filings with the Securities and Exchange Commission which are available on the Workday investor relations webpage: www.workday.com/company/investor_relations.php Workday assumes no obligation for and does not intend to update any forward-looking statements. Any unreleased services, features, functionality or enhancements referenced in any Workday document, roadmap, blog, our website, press release or public statement that are not currently available are subject to change at Workday’s discretion and may not be delivered as planned or at all. Customers who purchase Workday, Inc. services should make their purchase decisions upon services, features, and functions that are currently available. Safe Harbor Statement
- 5. Agenda Workday Confidential Workday Planning and Analytics Overview Latest Innovations from our 2020R1 Release Demo: Plan, Execute, Analyze Live Q&A
- 8. Navigating the Changing World How do I respond to an avalanche of immediate ad hoc reporting requests? How can I model for a dramatic range of possible scenarios and outcomes? How do I provide deep and relevant insights for every business leader?
- 9. Barriers to Data-Driven Decision-MakingBarriers to Data-Driven Planning & Analysis Data Fragmentation Talent Scarcity Data Privacy and Security Culture Cobbled Systems
- 10. Cobbled Systems Don’t Solve the Problem Operational & Legacy Systems HR and FIN Data Non-Workday Data Spreadsheets Data Management CPM Intelligent Applications
- 11. Workday Can Solve It Operational & Legacy Systems HR and FIN Data Non-Workday Data Spreadsheets Data Management CPMIntelligent Applications Worksheets and OfficeConnect Analytic Applications Prism Analytics Adaptive Planning
- 12. Finance and HR Expertise Secure CompletePowerful Workday Planning & Analytics Adds Unique Value
- 13. Customer Success 400+ Prism Customers 5,000+ Adaptive Planning Customers Prism & Adaptive Planning Joint Customers
- 14. Technology Simplification Customer Value Drivers Agility and Insight Automation and Efficiency
- 15. What was in our 2020R1 Release? Workday Data-as-a-Service Workday Adaptive Insights Workday Reporting Workday Prism Analytics
- 16. Innovation from Workday Reporting Charting Enhancements Median and Percentile Summarization Types Global Summarization Calculations Dual Axis and Combination Charting Performance Enhancements
- 17. • New summarization type available for use in existing and new custom reports to allow for reporting on percentiles in Workday data. 2020R1: Workday Reporting • Allows for more control over report design and deeper insights. Description Benefit / Value Percentile and Median Summarization
- 18. • Create single definitions of key Human Capital Management and Financial metrics and re-use them throughout your Workday tenant. 2020R1: Workday Reporting • Helps simplify calculation inventory and makes for easier ongoing maintenance Description Benefit / Value Global Summarization Calculations
- 19. • New chart types available for use in existing and new custom reports 2020R1: Workday Reporting • Allows for more control over report design and deeper insights via enhanced visualization of data of varying scales Description Benefit / Value Dual Axis and Combination Charts
- 20. • Enhanced hover text response, upgraded zoom controls, and several other run time rendering UX enhancements 2020R1: Workday Reporting • Provides smooth and consistent visual interactions and lays the foundation for charting performance at hyper scales Description Benefit / Value Charting Enhancements Hover Text Zoom Controls Interaction Patterns User Experience
- 21. Donut Chart Hover Text Prior to 2020R1 2020R1 Metric at the center does not change based on the selected mark; instead a tooltip pops up.
- 22. Prior to 2020R1 Axis Header Labels
- 24. Color Saturation Prior to 2020R1 2020R1
- 25. • All new custom reports set to “optimized for performance” by default, with greater visibility into data source type (e.g. indexed data source, Prism data source, etc.) 2020R1: Workday Reporting • Creates guardrails for performance optimization in custom reports and makes it easier to understand data source selection Description Benefit / Value Performance Enhancements
- 26. Innovation from Workday Data-as-a-Service New Benchmark Categories Key Benchmarks Added Public Data Sources Power of One
- 27. • New benchmarking category offering aggregated compensation data and benchmarks for Base Pay and Total Compensation across 220+ job profiles. 2020R1: Workday Benchmarking • Make recruitment, recognition and reward decisions with greater insight into market dynamics. Description Benefit / Value Compensation Benchmarking
- 28. • New benchmarking category offering aggregated time tracking data and benchmarks regarding employee absenteeism and overtime, as well as time off and leave policies. 2020R1: Workday Benchmarking • Support key productivity, staffing and benefits decisions, all within Workday. Description Benefit / Value Absence & Time Benchmarking
- 29. • New U.S. Veteran % benchmark in the Diversity & Inclusion subcategory enabling you to view the percentage of your workers who self-identify as U.S. military veterans. 2020R1: Workday Benchmarking • Gain insight into workforce diversity initiatives focused on the US military veteran population. Description Benefit / Value U.S. Veteran Benchmark
- 30. • New offering from Workday’s Data-as- a-Service platform providing access to data from the U.S. Census American Community Survey for use in Workday reports and dashboards. 2020R1: Workday Public Data • Extends your existing analytics by giving you up-to-date and maintained external public data that is ready to use out of the box. Description Benefit / Value U.S. Census: American Community Survey Dataset
- 31. Innovation from Workday Prism Analytics Extending the Value of Workday Data Management and Preparation Discovery Boards Enhancements Power of One
- 32. Workday Prism Analytics Features Delivered Data Catalog Filters Lead & Lag Window More… Facet Filters Alerts with Prism Data Orchestration (EA) Field List Navigator Min & Max Window Functions Row, Field & Cell Level Security Zoom & Pan on Lineage Cell Level Security Sum & Average Window Functions Rank & Row Window Functions First & Last Window Functions Currency Support Tables
- 33. • The ability to bring a multi-instance field type into Prism Analytics, publish it in a data source, and report on it in Workday Report Writer. 2020R1: Workday Prism Analytics • Strengthens Workday's Power of One by ensuring Prism Analytics can natively support the frequently used HCM & Fins multi-instance field type. Description Benefit / Value Multi-Instance Field Type Support
- 34. • Data errors can be visually traced directly to the specific step where the errors occurred in the data lineage lifecycle. 2020R1: Workday Prism Analytics • Users gain more control, realize efficiencies, and have increased auditability when building and publishing datasets. Description Benefit / Value Errors in View Data Set Lineage
- 35. • An entirely new user experience for Discovery Boards; visualizations on a sheet now snap to a grid, and filter controls are greatly expanded with a long list of operators. 2020R1: Workday Prism Analytics • Snap-To Grid Makes it simpler for users to organize the layout of their Discovery Board, and operator-based filters enhance ease of use and efficiency when analyzing data. Description Benefit / Value Discovery Board Enhancements
- 36. Innovation from Workday Adaptive Insights Next Generation UXCompany-wide Planning Best in Class Modeling Power of One
- 37. • Planning sheets and visualizations on one dashboard; enter data and visualize the results with an easy to use interactive interface. 2020R1: Workday Adaptive Insights • Allows business users to fully participate in the planning process Description Benefit / Value Active Dashboards
- 38. • Pre-packaged models based on best practices for strategic workforce planning, annual headcount planning and operational capacity planning. 2020R1: Workday Adaptive Insights • Increases customer time to value with formalized processes and controls, enabling more informed staffing decisions Description Benefit / Value ‘Out-of-the-Box’ Planning Models
- 39. • Advanced workflows to manage complex planning processes; easily assign a task to a group of users and coordinate the task between them. 2020R1: Workday Adaptive Insights • Increase participation and collaboration in the planning process with simplified distribution and coordination of activities. Description Benefit / Value Process Management: Group Assignment
- 40. • Headcount and FTE values can be published directly to a Workday headcount plan, with the ability to create new positions all within the plan. 2020R1: Workday Adaptive Insights • Share Headcount and FTE statistics to the larger Finance and HR organization for reporting and analysis all within Workday. Description Benefit / Value Publish Headcount Plan
- 41. • Create and maintain Adaptive Insights planning users from within Workday 2020R1: Workday Adaptive Insights • Secure all user access from one place Description Benefit / Value Synchronize User Accounts
- 42. • Adaptive Insights notifications can be pushed to a worker’s inbox in Workday with a direct link to any tasks that need to be completed. 2020R1: Workday Adaptive Insights • Users have one inbox to receive all notifications across Workday. Description Benefit / Value Adaptive Insights Notification in Workday
- 43. • The ability to control access to individual accounts on modeled sheets, including columns that are associated with those accounts 2020R1: Workday Adaptive Insights • Restrict sensitive data to a subset of users while making sheets available to a broader audience, enabling more users to participate in the planning process without compromising security. Description Benefit / Value Enhanced Security on Modeled Sheets
- 44. Key Takeaways 1 Workday enables customers to plan, execute and analyze – all in one system With Workday, everyone is looking at the same data – no more reconciliation Workday’s planning and analytics offerings provide a secure, powerful and complete solution 2 3
- 45. Jason Thorp Senior Solution Consultant
- 47. Thank you for joining us! Our Series is Expanding. Join us in these upcoming sessions: Thursday, April 9 at 10:00 a.m. Skills Set the Stage for the Latest Innovations in Workday HCM Tuesday, April 21 at 10:00 a.m. Agile at Scale: How Leading Technology & Media Firms Drive Profitable Growth Through Workday Thursday, April 23 at 10:00 a.m. Mapping Your Planning Journey with Adaptive Insights Tuesday, April 28 at 10:00 a.m. Next-Gen Architecture – The Backbone of Digital Business Models Tuesday, May 5 at 10:00 a.m. Best Practices for Scenario Planning and Remote Financial Close
- 48. Q & A