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Deloitte Capital Planning

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Deloitte Capital Planning: Enabling end-to-end capital planning processes within Workday
 

Capital planning is essential for managing financial resources effectively and making informed decisions about capital investments. Until now, executing this complex process within a single platform has been out of reach for many Workday customers.

Leveraging Workday Extend, Adaptive Planning, and Integrations, Deloitte has developed a solution that enables users to perform the end-to-end capital planning process entirely within the Workday platform - from logging capital requests to prioritizing and approving them for sourcing. Originally developed for a US-based healthcare provider, the Deloitte CapPlan solution for Workday can be adapted to enable the capital planning process within any industry.

Business Benefits

The Deloitte CapPlan solution automates the key components of the annual planning cycle. It collects the details of each capital request, provides a mechanism for prioritization, offers a summarized view for leadership approval, and tracks spending against the allocated budget.

Overall, CapPlan for Workday eliminates dependency on third-party applications and offline processes and streamlines the overall capital planning cycle. It also facilitates collaboration among different personas in the application to help leaders align on annual budgeting decisions. Additionally, it enables real-time communication between requestors, business leaders, and finance teams so any variances can be addressed promptly. Customers can leverage the Workday security model, reporting, and integration capabilities since the application resides in the Workday cloud. The application configuration is also highly flexible, accommodating a variety of unique customer requirements with minimal effort.

More specifically, it enables users with these capabilities

Create, edit, and review capital requests

Rank capital requests on multiple levels

Allocate budget per division for routine requests

Assign routine project IDs and cost centers

Capture pro forma details to feed into the Adaptive Planning system

Store and view snapshots based on a point in time

To schedule a demo of CapPlan or to learn more about how Workday Extend can be used to improve the effectiveness of your financial planning and analysis (FP&A) team, please contact us.

Contact Us

About Workday Extend

Workday Extend is a Workday technology platform that allows business developers, and hybrid business and IT teams to build and deploy new capabilities, apps, and solutions that run natively on Workday. The business functionality provided by Deloitte’s pre-built Workday Extend apps deeply interacts with core Workday data and processes, allowing customers to maximize their Workday investments by streamlining processes and consolidating systems within their IT environments.

Real-world Results

By augmenting Workday’s native functionality, the Deloitte CapPlan solution helped a healthcare organization transition from an existing capital planning tool supplemented with offline processes using spreadsheets and emails to an integrated Workday solution leading to a significant improvement in efficiency.

Get in touch

Dan Sundt

Principal
+1 773 220 2777

Kevin Scully

Workday Extend Lead for Deloitte EMEA
+3 531 417 2744

Jason Moser

Global Workday Extend Leader
+1 (616) 336 7892

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