Introducing the long-awaited 2024R1 release, marking a pivotal milestone in the evolution of the Workday Adaptive Planning platform. This update represents a significant leap forward in enhancing user capabilities and simplifying financial planning processes. With a strong emphasis on optimizing performance and empowering users, Workday brings forth innovative tools and features aimed at transforming how businesses approach financial analysis and decision-making. Whether it’s improving sheet’s performance, harnessing the power of machine learning for pre-dictive forecasting, or facilitating seamless data analysis through what-if scenarios, the 2024R1 release establishes a new benchmark for efficiency, flexibility, and effectiveness in financial planning and analysis.
User Experience
Scope Calculations on Sheets |
A fresh addition in Sheet Properties allows users to fine-tune the start and end periods for calculated accounts on individual sheets. The new tab is available for cube and modeled sheets.The feature is automatically available. See how it works at: https://community.workday.com/node/1178196 |
Code Fields for Metadata |
For modeled and cube sheets, the immutable ‘account code prefix’ has been replaced with ‘sheet code’. Account groups, custom dimensions and attributes now have an additional ‘code’ field. The new fields are editable. This enhancement is now automatically accessible, providing users with increased flexibility and control over their model configuration. Learn more: https://community.workday.com/node/1178291 |
Machine Learning Predictive Forecaster |
This innovative tool enhances your productivity by harnessing your historical data and algorithms to populate forecast versions with ML-predicted data for budgets and plans. Furthermore, you can now execute time series forecasts with regressor data alongside your historical data. Additionally, you can define the targeted forecast version, custom dimensions, accounts and time ranges on a per-sheet basis. These advanced capabilities require initial setup. |
Plan Publishing Performance and User Experience Enhancement |
The more efficient and user-friendly plan publishing is now available for customers using publishing feature. Requires setup. Check on Workday Community how the feature works: https://community.workday.com/node/1178326 |
Insight
Personal What-If Scenarios |
This feature empowers you to explore data modifications within separate scenarios without impacting the data in your plan version. That allows you to effectively construct insightful reports and charts for comparing and analyzing your changes. Furthermore, you can integrate these scenario-based changes with your plan version. While these powerful capabilities significantly enhance your planning process, please note that a setup is required. Sounds interesting? Have a look how you can use scenarios: https://community.workday.com/node/1178290 |
View By Dimension for OfficeConnect for Financial Management |
A new capability in which you can delve deeper into a selected report cell by transferring it to a new worksheet within the model context. It allows you to change the data independently and generate additional reports without interfering with the original report. A new button allowing for further data analysis is now available in OfficeConnect plug-in. No additional setup is required. See how ‘View by’ can help you: https://community.workday.com/node/1178235 |
Headcount Plan Data Source |
The latest release enables you to use actuals and previous headcount plan as source for making a new, adjusted headcount forecast. Please note that to utilize this feature, you need configure the Workforce Planning Configuration Manager feature with the “Use Plan and Execute Tasks” option selected and use the Bottom-Up Workforce Planning. You can watch an example at: https://community.workday.com/node/1171130 |
Report Scheduling |
With this update, report users can schedule live and snapshot matrix reports. To utilize this functionality, a setup process is necessary. See report scheduling in practice: https://community.workday.com/node/1178638 |
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