Reference: Cash Management Capabilities

You can view high-level feature descriptions for the capabilities in this product area.

Bank Account Management

Supports managing bank account information in Workday. The functionality provides the ability to:

Configure cash pools.

Configure company bank accounts.

Designate bank account signatories.

Record or import account fee statements from banks.

Supports reconciling bank statement lines to operational transactions. The functionality provides the ability to:

Create operational transactions using bank statement lines with first-notice rules.

Configure matching rules to reconcile bank statement lines.

Perform reconciliation of bank statement lines.

Reconcile bank statement lines with a group of electronic payments.

Record or import statements from banks.

Supports:

Bank reconciliation.

Extraction of business information from bank statements.

Importing bank statement files in multiple formats.

Worktag assignment.

Supports forecasting and managing cash inflows, outflows, and bank account balances. The functionality provides the ability to:

Build cash forecast structures and models.

Group cash activities.

Record cash activities that originate outside Workday.

Report on forecasted cash balances, payments, and receipts.

Provides the ability to create ad hoc bank transactions, payment requests, and bank account transfers. The functionality supports the:

Initiation and settlement of transfers between bank accounts.

Issuance of one-time payments.

Recording of cash transactions and bank transfers executed outside of Workday.