Four Reasons Why Nonprofits Choose Workday

Four Reasons Why Nonprofits Choose Workday as Their Partner for Financial Management

A Partner for the Future of Finance

Nonprofit financial management is complex and requires a high level of stewardship, careful planning, and compliance. According to a 2023 IDC study, the top organizational priority for nonprofits is easy and accurate funds management, including tracking and reporting for compliance and donor accountability. Workday Financial Management is the only cloud solution built on an adaptable architecture, empowering finance to address changing needs quickly and securely. Over 1,900 customers have chosen Workday Financial Management, with more than 1,325 currently live. The flagship suite includes Workday Accounting Center, Workday Grants Management, Workday Prism Analytics, Workday Projects, and Workday Adaptive Planning. These products help organizations plan, model, budget, and forecast their mission achievements. Workday Adaptive Planning has over 6,500 customers and was named a Leader in the 2023 Gartner Magic Quadrant for Financial Planning Software.

A Community for Customer Success

Once live on a cloud-based financial system, nonprofits need long-term support. Workday prioritizes customer success with a 96% customer satisfaction rating. Multiple Workday teams support your growth journey, providing customer success for technical questions. Workday Community is a collaboration portal where customers, partners, and Workday share best practices, feedback, and product updates. All customers are on the latest version without disruptions, eliminating costly maintenance and upgrade cycles.

A Dedicated Nonprofit Practice

Since 2007, Workday has built a community of nonprofit organizations across various sectors. Today, they lead with a dedicated nonprofit practice, an expanding network of certified partners, and an extended team working exclusively on nonprofit projects. This expertise helps nonprofits better steward resources, support people, sustain operations, adapt to change, and increase impact. Workday serves nearly 700 nonprofits in the U.S. and 21 countries globally, supporting mission-driven organizations.

A Unified System Fueling Growth, Not Complexity

When every dollar counts, it is crucial to use efficient and reliable systems. Many nonprofit teams rely on inefficient, expensive, and highly customized legacy technology or point solutions for workforce and financial management. These solutions are costly to implement and maintain, and require extensive manual labor to manage data. Workday securely integrates financial, human resources, payroll, grants, endowments, and planning data into one native-mobile, easy-to-use system. Workday supports continuous planning and budgeting without integrations or customizations, providing a single source of reliable, secure, and real-time data. Built-in analytics, reporting, and always-on auditing enhance financial stewardship and transparency. Automated business processes can be configured to meet unique requirements in finance and HR, simplifying approvals and standardizing operations, reducing risk and increasing efficiency.