May
WorkdayFin Monthly Newsletter
May, 2024Get Ready for the Workday Finance
Implementation:
A Step-by-Step Guide
The upcoming Workday Finance implementation marks a significant shift in our business processes. Preparing for this transition calls for a proactive approach. Here are four steps to get you ready:
1. Stay Updated on Business Process Changes
As we move to Workday Finance, expect alterations in our business processes. Information about these changes will reach you through our Change Ambassadors and Lead Fiscal Officers. As these updates roll out, it's critical to review and adjust your current policies and procedures as needed.
2. Inventory Current Accounting and Financial Reports
We're in the process of cataloging our present accounting and financial reports, especially those generated outside of BI and PeopleSoft Query. If a specific report is valuable to you, please email a secure copy of that report to john.bray@louisville.edu. Don't forget to include "Workday Finance - Reporting" in the subject line and provide some context about the report - its purpose, audience, frequency and source system (like BI, OnBase, BA4).
3. Clean Up Old Accounts
Use this time to tidy up. If there are any accounts you've stopped using or have a deficit balance, now's the time to request closure. This cleanup will simplify the transition and help you start afresh in the new system.
4. Review Shadow Systems
If you're using shadow systems that feed from PeopleSoft, it's time to take a look at those.
Use this time to tidy up. If there are any accounts you've stopped using or have a deficit balance, now's the time to request closure. This cleanup will simplify the transition and help you start afresh in the new system.
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