OneSource Virtual’s Post

Want to cut your invoice processing costs in half? Transform accounts payable with Workday and OneSource Virtual. Through scalable, in-application services, you can eliminate the need for multiple interfaces and third-party integrations, reducing costs and empowering your team to focus on work that matters. Discover what kind of difference Workday and OSV can make for you. https://hubs.ly/Q02X7jBN0

Want to cut your invoice processing costs in half? Transform accounts payable with Workday and OneSource Virtual. Through scalable, in-application services, you can eliminate the need for multiple interfaces and third-party integrations, reducing costs and empowering your team to focus on work that matters. Discover what kind of difference Workday and OSV can make for you. https://hubs.ly/Q02X7jBN0

Want to cut your invoice processing costs in half? Transform accounts payable with Workday and OneSource Virtual. Through scalable, in-application services, you can eliminate the need for multiple interfaces and third-party integrations, reducing costs and empowering your team to focus on work that matters. Discover what kind of difference Workday and OSV can make for you. https://hubs.ly/Q02X7jBN0

Looking to reduce your invoice processing costs by 50%? Revolutionize your accounts payable with Workday and OneSource Virtual. With scalable, in-application services, you can eliminate the need for multiple interfaces and third-party integrations, lowering expenses and allowing your team to focus on more impactful tasks. Discover what kind of difference Workday and OSV can make for you. https://hubs.ly/Q02X7jBN0

📌Mastering Workday: Glossary of Key Revenue Management Terms! Are You Familiar with Workday's Essential Revenue Management Terms? 👇Here’s your quick guide: ✅Revenue Recognition: ↳ Workday’s Revenue Recognition enables organizations to track and recognize revenue according to accounting standards (e.g., ASC 606 or IFRS 15), ensuring compliant and timely revenue reporting. ✅Contract Lifecycle Management (CLM): ↳ CLM in Workday manages the end-to-end process of revenue contracts, from creation and negotiation to renewal, helping streamline contract administration and compliance. ✅Billing Schedule: ↳ Workday’s Billing Schedule defines timelines for invoicing customers based on contract terms, ensuring accurate and timely billing to support cash flow management. ✅Deferred Revenue: ↳ This feature allows businesses to record payments received in advance as deferred revenue, recognizing revenue as services or goods are delivered, aligning with accounting principles. Streamline your revenue processes with these essential Workday terms!

📌Mastering Workday Financial Management: Glossary of Key Terms! Are You Familiar with Workday’s Financial Management Essentials? 👇Here’s your quick guide: ✅General Ledger (GL): ↳ Workday’s General Ledger is the core accounting component that records all financial transactions, consolidating data from other modules (e.g., procurement, payroll) for financial reporting and analysis. ✅Revenue Recognition: ↳ Revenue Recognition in Workday allows businesses to automate the process of recognizing revenue based on specific accounting rules, ensuring compliance with standards such as ASC 606 and IFRS 15. ✅Accounts Payable (AP): ↳ Workday’s Accounts Payable module manages all incoming invoices, supplier payments, and expenses, helping ensure timely and accurate payments to vendors while optimizing cash flow. ✅Accounts Receivable (AR): ↳ Accounts Receivable in Workday manages the billing and collection of payments from customers, enabling businesses to track outstanding invoices, manage cash receipts, and streamline collections. Unlock the power of financial management with these essential Workday terms!

In a complex business environment, many challenges make it hard for finance to adapt. What finance teams really need is a trusted source of data, flexible, secure processes, and best-in-class user experience. It’s not enough to track what happened; you also need to know where you’re going. Watch how finance can create value with Workday. https://lnkd.in/gXhV7w-p

What if your finance team could: ➡️Close their books 33% faster ➡️Reduce employment costs by 46% ➡️Cut per-invoice processing costs by 53% These are actual results from customers who transformed accounts payable with Workday and OneSource Virtual. Discover how this combination can help your team reduce costs and work more efficiently. https://hubs.ly/Q02X0VdT0

What if your finance team could: ➡️Close their books 33% faster ➡️Reduce employment costs by 46% ➡️Cut per-invoice processing costs by 53% These are actual results from customers who transformed accounts payable with Workday and OneSource Virtual. Discover how this combination can help your team reduce costs and work more efficiently. https://hubs.ly/Q02X0VdT0

Manually entering and tagging invoices takes time and effort. We help you quickly get invoices into Workday with 99.6% accuracy, cutting out all that manual work so you can spend more time on reporting and analysis. Explore our accounts payable services to learn more about how accuracy can drive action for your business. https://hubs.ly/Q02WTkrd0