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What is Workday Financial Management?

By employing intelligently automated financial systems and acquiring in-depth insights, your attention can transition from simple transaction management to strategic evaluation and decisive action. Organizations naturally face variations over time, and Workday is tailored to maintain your agility and readiness for changes with its flexible framework. You are able to adjust your business processes while maintaining a watchful eye on any developments that arise. The incorporation of machine learning significantly reduces barriers by consistently detecting inconsistencies and providing useful recommendations. This empowers finance teams to evaluate and analyze results while focusing on the most vital aspects of the organization. We ensure that data is disseminated throughout your entire company, delivering timely insights exactly when they are needed. Stakeholders are afforded visibility into the elements that affect the business, enabling them to make well-informed decisions. Furthermore, Workday promises unparalleled electronic documentation, as we diligently track each transaction and modification in real-time, which allows you to manage risks proactively and ensure compliance thoroughly. This smooth integration not only boosts operational efficiency but also fosters improved decision-making throughout your organization. Ultimately, the strategic implementation of these tools cultivates a culture of insight-driven decision-making that can adapt to the ever-changing business landscape.

What is MX.3?

Financial services firms are swiftly evolving to enhance innovation in both technology and financial offerings. Nevertheless, this advancement is accompanied by growing challenges, including changing regulations, cyber security risks, a surge in data processing demands, high transaction velocities, and an increasing focus on digital solutions. Effectively navigating these changes is vital for achieving lasting success. Murex’s acclaimed cross-asset integration platform, MX.3, offers ready-to-use solutions that align with industry standards while also providing opportunities for tailored customization and application development. This platform represents the most cost-effective approach for adapting to the ever-changing IT frameworks within the financial industry with remarkable accuracy. By dismantling the silos between key departments such as front office, finance, risk, and operations, it significantly boosts collaboration and teamwork. Furthermore, it empowers clients to enhance their customer relationships through a powerful data and analytics framework that facilitates their digital transformation initiatives. Murex’s continuous delivery model stands out as the quickest and safest strategy to propel extensive innovation and optimize business performance, enabling firms to stay competitive in a rapidly changing landscape. As a result, adopting such a holistic platform equips organizations to not only survive but also flourish amidst the challenges posed by contemporary financial environments, ensuring long-term sustainability and growth.

Media

Media

Integrations Supported

5X
ADP Retirement Services
AppZen
BillingPlatform
Cargoson
CloudEagle.ai
Culture Amp
Edenred Pay
Gappify Accrual Cloud
Gotransverse
Lative
Longview Tax
Medius
Omnea
RadiantOne
RunMyJobs by Redwood
SAP Concur
Spacebase
Tesorio
Workato

Integrations Supported

5X
ADP Retirement Services
AppZen
BillingPlatform
Cargoson
CloudEagle.ai
Culture Amp
Edenred Pay
Gappify Accrual Cloud
Gotransverse
Lative
Longview Tax
Medius
Omnea
RadiantOne
RunMyJobs by Redwood
SAP Concur
Spacebase
Tesorio
Workato

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Workday

Date Founded

2005

Company Location

United States

Company Website

www.workday.com/en-us/products/financial-management/overview.html

Company Facts

Organization Name

Murex

Date Founded

1986

Company Location

France

Company Website

www.murex.com

Categories and Features

Accounting

Accounts Payable
Accounts Receivable
Bank Reconciliation
Billing & Invoicing
CPA Firms
Cash Management
Cryptocurrency Support
Expense Tracking
Fixed Asset Management
Fund Accounting
General Ledger
Government
Multi-Currency
Nonprofits
Payroll Management
Project Accounting
Purchase Orders
Tax Management

CPQ

2D Drawing
3D Modeling
Approval Workflow
Guided Selling
Product Configurator
Proposal Generation
Quotes / Estimates
Renewal Management
Self Service Portal
eCommerce

Expense Report

Approval Process Control
Invoice Management
Multi-Currency
Receipt Management
Reimbursement Management
Spend Control
Time Tracking
Workflow Management

Financial Management

Budgeting & Forecasting
Cash Management
Consolidation / Roll-Up
Currency Management
Financial Reporting
Investment Management
Project Management
Revenue Recognition
Risk Management
Tax Management

Financial Reporting

"What If" Scenarios
Audit Trail
Balance Sheet
Cash Management
Consolidation / Roll-Up
Forecasting
General Ledger
Income Statements
Multi-Company
Multi-Department / Project
Profit / Loss Statement

Grant Management

Compliance Management
Contract Management
Grant Application Management
Grant Award Tracking
Grant Opportunity Search
Self-Registration

Procure to Pay

Billing & Invoicing
Budgeting / Forecasting
Compliance Management
Contract Lifecycle Management
Financial Reporting
Integration Management
Inventory Management
Order Management
Vendor Management

Revenue Management

Competitor Analysis
Dynamic Pricing
For Airlines
For Hospitality Industry
Forecasting
Inventory Control
Price Optimization
Recommendation Engine
Yield Management

Categories and Features

Commodity Trading and Risk Management (CTRM)

Accounting Management
Blockchain Technology
Commodity Trading
Contract Management
Document Management
Financial Management
Logistics Management
Reporting/Analytics
Risk Management
Third Party Integration

Financial Management

Budgeting & Forecasting
Cash Management
Consolidation / Roll-Up
Currency Management
Financial Reporting
Investment Management
Project Management
Revenue Recognition
Risk Management
Tax Management

Treasury

Cash Management
Debt Management
For Government
For Hedge Funds
Forecasting
Liquidity Management
Payment Management
Risk Management

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