Source: Fortune
Summary
Workday is introducing Adaptive Decision Intelligence, a new feature within its Adaptive Planning platform, to help finance teams move away from using Excel spreadsheets for planning. The feature uses AI to pull data from various sources, including Workday’s own products and external systems, and provides a collaborative environment for FP&A teams. According to Ben Pierce, general manager of Workday Adaptive Planning, the goal is to break the cycle of using Excel, which is still the number one planning and analytics solution for many finance professionals. The feature is currently in early adopter testing, with a broader rollout planned for this fall.
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Workday is betting on Adaptive Decision Intelligence to change the way finance teams work. The feature uses AI to pull data from various sources, including Workday’s own products and external systems. The goal is to provide a governed, auditable, and collaborative environment for FP&A teams to do their work without the challenges of using Excel. Ben Pierce, general manager of Workday Adaptive Planning, emphasizes that the feature is designed to help FP&A analysts spend more time on actual budgeting and less time wrangling data. The feature is currently in early adopter testing, with a broader rollout planned for this fall. Workday acquired Adaptive in 2018 for around $1.5 billion, and the product now serves over 7,000 customers. The company is hoping to break the cycle of using Excel, which is still the go-to solution for many finance professionals.
Workday is trying to solve a 40-year-old problem with a new AI-powered feature.
Author: Evan Null
