Ascend’s Post

Are you struggling with the siloed workflows that makeup your organization's Accounts Payable, procurement, and settlement functions? 😵💫 Wondering what will happen when it's time for your organization to expand, merge with a new company, or acquire one? Join us for a lively discussion on how to tackle these challenges during our next live coffee chat at 1 p.m. CT on Wednesday, June 12. With the help of our partners at Stormloop Technologies, a top-notch Workday advisory, planning, support services provider, we'll talk about the challenges that organizations face when their AP, procurement, and settlement operations are decentralized. We'll also chat about the benefits of centralizing payables operations and what you can do if that's not an option for your AP team. As an added bonus for registering, Stormloop is offering your AP team a chance to win a Review-and-Recommend onsite consultation to ensure that your organization is maximizing its use of Workday. We'll send the contest form after you complete your registration form using a valid business email address. Can’t join the discussion? Register anyway and we’ll send you a recording of our conversation after the live coffee chat. Mark your calendars, and save your spot 👇👇👇

Are your semi-autonomous AP teams managing different business units or specific lifecycle stages for supplies and services? This strategy may seem practical on paper, but aggregating data into your ERP system, reporting on it, and conducting audits can pose significant risks for your organization. Join Ascend and Stormloop Technologies at 1 p.m. CT on Wednesday, when we discuss the challenges organizations encounter with decentralized AP, procurement, and settlement operations. We'll also talk about how centralizing processes can reduce overhead, increase ROI, and reduce risk, as well as offer alternatives for teams that can't take this approach. As an added bonus for registering, Stormloop is offering your AP team a chance to win a Review-and-Recommend onsite consultation to ensure that your organization is maximizing its use of Workday. We'll send the contest form after you complete your registration form using a valid business email address. Can’t join the discussion? Register anyway and we’ll send you a recording of our conversation after the live coffee chat. Don't miss this chance to learn how to optimize your AP operations. 👇 👇 👇

🚀 Elevate your finance game with Workday Financials! 🚀 Curious about what sets Workday Financials apart from the rest? Our insights from Workday Financials Project Manager, Kevin Isaac, shed light on the distinctive features! Discover more in the article linked below 👇 #workday #finance #focusonwd

🪙 Workday Financials stands out from the crowd 🪙 What makes Workday Financials different from other finance systems? We asked Workday Financials Project Manager, Kevin Isaac, and the answers are illuminating! Find out more in the article below 👇 #workday #finance #focusonwd

Why Journal Sources are created in Workday financial accounting: 👇 To indicate where or why a journal was created. Journal sources provide a way to categorize journals based on their origin or purpose. To report and analyze journals. Reports can be filtered and grouped by journal source, allowing you to gain insights on journals from different areas of the business. To map sources of operational transactions. Workday automatically creates operational journals for transactions like invoices, expense reports, etc. Journal sources are mapped to these transaction types. To assign sources for manual accounting journals. Journal sources need to be defined in order to select one when creating an accounting journal outside of operational transactions. To facilitate suspense account processing. If suspense accounting is enabled, journal sources help determine which suspense rules apply to journal lines in case of errors. To integrate with third party systems. When importing or exporting journals to/from an external system, journal sources provide a way to identify the origin of the data. Journal sources provide an important layer of metadata that allows for reporting, analysis, integration and proper processing of accounting journals created both automatically and manually within Workday. Defining relevant journal sources is a key setup task. #workday #workdayfinancials

Attention Workday clients! Do you face an automation gap in your reconciliation and close process? Trintech and Workday are here to help you plug that gap. Reach out to us for assistance. #r2r #financialclose #reconciliations #financeautomation #digitalautomation #lowcodenocode

Introducing Close & Consolidations with Workday Adaptive. Over 800 Workday clients already partner with us for their Close & Consolidations needs. Check out these short demo vignettes to see how we help. https://lnkd.in/ewR_hzbr? wcmmode=disabled&step=step2_default

Checkout.com's Enterprise Architect and Finance Transformation Director, Emma Castledine, discusses the positive impact of implementing Workday in the finance department. They have not only streamlined finance processes but also positively influenced the company's culture and collaboration across different departments. "Until the company implemented Workday Prism Analytics and Workday Accounting Center in its finance department, there was an unbridgeable gap between the accounting and operational-finance functions." https://lnkd.in/eRjcD5ez

Discover how Checkout uses Workday Accounting Center for the agility and data capabilities needed for growth. #ForAChangingWorld #TeamWDAY