Nonprofit simplifies financial processes with configurable Workday solutions

By Kacie Jederberg posted 08-17-2023 11:24 AM

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Nonprofit simplifies financial processes with configurable Workday solutions

It's common for nonprofit organizations that rely on federal contracts and grants to have complex administrative processes. They must ensure compliance with government regulations, efficiently track accounting performance, and more.

Together with Huron, a private, nonprofit organization that manages the work of 60,000 academic research associates annually, implemented four Workday applications to improve operational procedures, redesign workflows, and strengthen financial reporting capabilities:

Workday Financial Management

Workday Adaptive Planning

Workday Extend

Workday Prism

In an innovative twist, the teams combined Prism and Workday to deliver configurable solutions that did not previously exist, such as performing calculations on ledger data and standing it up for auditing purposes. Learn how the improvements freed up employees to address higher-priority work.

Read the case study.

#Huron
#workday
#nonprofit
#academicadmin
#academicresearch
#contracts
#grants
#costburden
#accounting
#WorkDayFinance
#WorkdayPrism
#WorkdayExtend
#WorkdayAdaptivePlanning

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