Consolidate and Close

Financial consolidation made easy.

Workday gives you the ability to fully automate the financial consolidation, reporting, and period-end close process.

Consolidate financial data across your entire corporate hierarchy.

Drill down from the financial statement on multiple dimensions.

Automate consolidation tasks, such as eliminations, and currency translations.

Consolidate and close with confidence.

Streamline your financial consolidation and period-end close and gain greater visibility into financial results across your organization.

  • Import accounting data from non-Workday general ledgers into your consolidation process.
  • Automate elimination and translation tasks for real-time insight into consolidated results.
  • Support subsidiary, noncontrolling interest activity and equity pickup ownership scenarios.
  • Use the period close work area, business process, and checklist to close faster.

Multidimensional reports in one system.

Securely produce financial reports with speed, accuracy, and multidimensional drill-down.

  • Publish your financial statements securely in a board-ready format on any device.
  • Manage your reporting dimensions, organizational structure, and fiscal periods easily.
  • Report across multiple aspects of your business, such as legal entities, cost centers, locations, and more.

Connect everything.

Automatically bring in accounting data from multiple systems-of-record with prepackaged integrations. With Workday, you gain a complete picture of your financial data across your organization.

  • Map data elements from your existing general ledgers using worktags in Workday to create multidimensional reports.
  • Consolidate accounting journal data from subsidiaries with error handling and a full audit trail.
  • Import accounting data either at a summary trial balance level or with fully balanced journal detail.