Decentralized operations within Accounts Payable (AP), procurement, and account settlement can create a unique set of challenges and inefficiencies. While some organizations find value in decentralization, understanding its implications and managing its complexities is crucial. Here, we explore what decentralized operations look like across various functions and provide strategies to drive centralization and efficiency.

In this issue of In The Loop, Stormloop shares a proven strategy to keep your Workday platform stable while designing your production environment to support mergers and acquisitions as well as international expansion. Whether your organization grows organically, through acquisition, or both, it always leads to the creation of new companies in Workday. We want to equip your team with the tools to handle these types of changes since they are so impactful to your day-to-day business operations.

We’ll be dialing in on accounting operations and best practices around how to manage your Workday platform during month end close.

We’re thrilled to present a banking integration outline to best integrate your financial institutions with Workday Financials for payments and bank reconciliation processes.