Deloitte Foundational Data Object Management
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Deloitte Foundational Data Object Management
The process for creating and maintaining foundational data objects is often disjointed and cumbersome. Sometimes Workday tasks are not tagged to a business process, and even for those that are, the approval and security workflows can vary greatly. The Deloitte Foundational Data Object Management (FDOM) Application for Workday brings consistency to this process, thus helping to improve efficiency and eliminate errors.
It provides a comprehensive governance model that supports structured oversight and daily management of foundational data objects such as cost centers, ledger accounts, custom work tags, and spend and revenue categories. The application additionally strengthens the approval process and informs decision-making for accounting managers and controllers, ensuring that updates to foundational data objects are systematically managed and communicated.
Business Benefits
Organizations need a way to quickly establish a governance structure and communication plan for updating foundational data objects. This Workday Extend app fills this gap not only by supporting day-to-day management of foundational data objects but also by facilitating the approval and decision flows for HR administrators and accounting managers and controllers.
In short, the FDOM Application addresses a long-standing business need to streamline management of Workday tasks by providing a one-stop platform for creating, maintaining, and auditing foundational data objects.
More specifically, the app accelerates and enhances the entire FDOM process
Providing HR and financial managers with an intuitive user interface
Enabling additional approvals to be added into the routing flow
Tracking changes to foundational data objects
Aiding effective auditing
Notifying system and process owners when an update has been made
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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.
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