Best Practices for Deploying Workday HCM or Financials with Workday Adaptive Planning
When deploying Workday HCM or Financials alongside Workday Adaptive Planning, businesses can unlock tremendous value by aligning their people, processes, and technology. However, achieving a seamless integration requires careful planning and a strategic approach. Here are some best practices to guide your deployment.
- 1. Align Business Objectives with Technology
Before diving into technical configurations, it’s crucial to first define clear business objectives. Whether the goal is to improve budgeting processes, enhance workforce planning, or streamline financial reporting, the alignment of business needs with the deployment strategy will ensure a solution that delivers measurable results. Collaboration between finance, HR, and IT teams is key during this phase to ensure all stakeholders are aligned and invested in the outcome.
- 2. Focus on FDM Design for Seamless Integration
A robust Foundation Data Model (FDM) is essential to ensuring seamless integration between Workday HCM, Financials, and Adaptive Planning. The FDM design acts as the backbone for data flow, ensuring that the right data is captured and correctly mapped between systems. The design should:
- Be flexible to accommodate future changes in business structure or reporting needs.
- Ensure data consistency, reducing the risk of errors or discrepancies.
- Support both financial and operational dimensions, helping users access data across multiple areas (like cost centers, business units, or employee roles).
When designing the FDM, it is critical to:
- Map all key data sources between HCM and Financials, ensuring that employee-related financial data flows seamlessly into Adaptive Planning models.
- Plan for custom reporting needs to allow for detailed insights that connect people data to financial performance.
- Establish robust data governance practices to ensure integrity and accuracy across all platforms.
- 3. Prioritize Integration Points for Smooth Data Flow
Successful deployments hinge on a well-structured integration between Workday HCM or Financials and Adaptive Planning. Workday’s connectors and integration tools streamline this process. However, it’s important to prioritize:
- Real-time data syncs for up-to-date information on workforce changes (e.g., hires, terminations, salary adjustments) to fuel adaptive planning models.
- Automated financial data flows to ensure accuracy and reduce manual input errors in Adaptive Planning, especially in areas like budgeting, forecasting, and expense tracking.
- 4. Leverage Configurations for Flexibility and Control
Workday Adaptive Planning allows for extensive configuration to meet unique business needs. As part of your deployment, focus on:
- Dynamic planning models that allow finance teams to adjust projections based on real-time data and business conditions.
- User-friendly templates that align with organizational processes and minimize training time for end-users.
- Configuring driver-based models that reflect the underlying business operations, making it easier for planners to forecast accurately with just a few variables.
- 5. Focus on Change Management and Training
Transitioning to a new system like Workday Adaptive Planning requires clear communication and comprehensive training. Change management is crucial for ensuring adoption. Best practices include:
- Establishing a training plan that supports both technical users (such as finance teams) and end-users (such as department heads and operational teams).
- Champions program, where experienced users help others get up to speed, ensures smooth user adoption.
- Regularly engaging with teams post-deployment to gather feedback and make iterative improvements based on real-world usage.
- 6. Data Quality and Maintenance
After deployment, maintaining data quality is vital for continued success. Make sure to:
- Implement regular data checks to ensure that the integrations between Workday HCM, Financials, and Adaptive Planning continue to run smoothly.
- Set up automated processes to monitor and flag data anomalies, reducing the chances of forecasting errors or reporting inconsistencies.
- 7. Leverage Analytics for Continuous Improvement
Once the system is up and running, continuously optimize by leveraging the built-in analytics and reporting features in Workday Adaptive Planning. Use insights from reports to identify gaps, inefficiencies, or forecasting inaccuracies, and iterate on your planning models to drive greater value from your deployment.
- Conclusions
Deploying Workday HCM or Financials with Workday Adaptive Planning offers significant opportunities for real-time insights, data accuracy, and business agility. By ensuring that FDM is designed with flexibility, focusing on seamless integrations, and investing in training and data governance, organizations can create a powerful solution that delivers improved operational efficiency, better workforce management, and enhanced financial planning.
Workday’s unified approach, combined with the powerful capabilities of Workday Adaptive Planning, can drive your organization’s success by making planning more data-driven, predictive, and collaborative.
