Finance Launches Next Phase of Adaptive Planning

Finance has launched a ten month project to enhance our Workday Adaptive Planning environment to include all funds budgeting and full GAAP forecasting.  This initiative will create enhanced reporting capabilities across all funding sources, provide insight into how the University allocates resources, and increase our ability to better use this information for strategic decision making.  Deloitte Consulting has been engaged as our implementation partner following an RFP process that began this summer.

Deloitte will be leading us through a series of Discovery Workshops throughout November to lay out key system requirements and needs covering all funds budgeting, capital planning, long range planning and GAAP accounting requirements.  Key campus stakeholders will be included throughout the project.

There are two phases of this project:

• Phase A:  All Funds Budgeting – this will launch in the spring as part of the normal budgeting cycle
• Phase B:  GAAP Forecasting and Five Year Planning – this will launch in the fall of 2023

Finance understands the impact that such an accelerated timeline may have on the campus community.  We will work to ensure appropriate and timely end-user training is provided as well as preload data whenever possible to streamline the initial usage of these new features.

We look forward to working with you on this important initiative and welcome your feedback throughout the implementation.  If you have any questions, please reach out to the Adaptive Planning project team at adaptive-phase-iii@gg.wfu.edu.