How Workday Adaptive Planning Fits into a Digital Transformation Journey
May 18, 2023
As a forward-thinking organization, expanding and improving your strategic planning capabilities is a continuous process. Being adaptable is critical to ensuring a quick response time to change, and in many organizations, outdated manual planning processes hinder the rapid decision-making needed to quickly solve problems. Workday Adaptive Planning is an intuitive platform that leverages multidimensional, driver-based modeling and visibility into important organizational trends in a timely manner.
When equipped with the right technological tools, organizational leaders can create strategies that are more accurate, informed, and relevant to industry conditions, but oftentimes data isn’t being used efficiently or effectively. In fact, according to a Forbes data trends article, 60% to 73% of enterprise data goes unused for analytics. Workday Adaptive Planning supports workforce, financial, operational, and sales planning. While the future may not always be certain, having the right systems in place to predict, prepare, and adjust can make all the difference for organizational success.
Plan with Increased Accuracy
Workday Adaptive Planning provides organizations with the tools to plan across multiple scenarios, variables, and dimensions, creating comprehensive models that allow leaders to make informed decisions with confidence. Responsive and easy to use customizable dashboards present critical information in an easily digestible way for improved decision making.
Workday Adaptive Planning is powered by Elastic Hypercube Technology, Workday’s next generation, in-memory modeling engine that is flexible, scalable, and comprehensive. Flexibility allows organizations to model on their own time and dynamically adjust their model whenever needed, to rapidly respond to changing conditions and their unique circumstances. The solution is scalable in that it allows organizations to make use of memory and computing power whenever necessary, making it easy for users to plan any number of dimensions and versions. Lastly, comprehensiveness entails the end-to-end enterprise planning within any practice or department.
When creating departmental and company goals, Workday Adaptive Planning is beneficial in its ability to model based on employee needs, revenue strategy, or broader, long-term plans. The platform also provides increased collaboration, allowing leadership to work much more cross-functionally and gain information that may have previously been hard to access or analyze. This allows your people to participate more extensively in the enterprise planning process and provide insight where necessary. By offering the clarity to better position the organization to perform competitively within their industry, the allocation of funds becomes more strategic and informed.
Get Answers to Your What-if Questions
A central element of achieving agility within your organization is having the ability to plan and prepare for a variety of outcomes and course-correct when necessary. Leadership can run what-if scenarios around operating costs and profitability while analyzing the impact of industry changes. With this intuitive scenario planning, you can see how certain decisions and changes will affect other operational areas. Each department can ask what-if questions about their own operations, and all these scenarios can be incorporated across the organization to find the best course of action.
For example, your organizations can ask and see the tangible impact of questions such as:
- What if we reallocate personnel to better fit project needs?
- How will this affect revenue?
- How will this influence backlog or percentage completion?
- How will this impact our financial position?
Answering your most pressing questions or uncertainties with realistic predictions of how it will affect the overall organization helps you create a stronger and more agile strategy. With the ability to go as granular or detailed as necessary, every possible course of action can be assessed and reported. Because core systems and external data are integrated within Workday, this process of continuous planning, analysis, and reporting helps organizations achieve adaptability during their digital transformation journey.
Automate Planning to Execution
Another way that Workday Adaptive Planning helps boost organizational strategy and minimize error is by utilizing automated technology and continuous planning to reduce human intervention. Automation saves employees time that would be spent planning or ensuring accuracy of data to focus on other responsibilities, something that would not be possible with repetitive manual processes.
By centering Artificial Intelligence (AI) and machine learning into the core of enterprise planning, Workday provides the agility that many organizations are striving for. Automation and machine learning capabilities include detecting anomalies, reporting outliers, and forecasting intuitively to extract important insights and extend the ability to adapt to change. In addition, your employees are no longer bogged down by repetitive tasks and can focus on more meaningful responsibilities, increasing employee satisfaction along the way.
Overall, every organization should be consistently looking for ways to improve operations, plan with more accuracy, better allocate resources, and increase employee and client satisfaction. Embarking on a digital transformation journey and utilizing tools such as Workday Adaptive Planning enables you to meet whatever internal or external challenges that come your way with agility, adaptability, and resilience.
To learn more about how Collaborative Solutions can help your organization leverage Adaptive Planning, check out our Workday Adaptive Planning page.
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