Transcript for "What's New for Finance: Workday Release 2025R2": Hi, everyone, and thank you for joining us today for this really exciting webinar. We are look really looking forward to you sharing the, 2025 r two updates for the office of the CFOs and industries. So thank you all for, joining us today. So a few housekeeping items before we begin. So the webinar, will be recorded, today, and we will be emailed out to you, within twenty four hours of the session. If you want to ask a question during the webinar, select the q and a, button on the upper right hand side. You should see that there. You can ask away with your questions. We'll answer them, if we can throughout the webinar, and then we'll have some a few minutes at the end to ask if some of those live as well. Select the documents, on the right hand side to download any relevant resources that might be available and visible to you. And then post the webinar, if we if you could, we really would appreciate if you could be, fill out a a short survey of, and what your thoughts for of the webinar today. So before we get started, please note our Workday product statement. We will be speaking to future road map items throughout the webinar today. So, please make any investment decisions, on current product capabilities. My name is Greg Volpe. I am with the product marketing team within Workday. I will be your emcee for today's webinar alongside really, really nice, colleagues today who will take you through different sessions of the 2025 R2 highlights, Indy Bains, who is Vice President of Global Partner Services and Industry Marketing. We have Shetul Shah, Senior Management, going through the Intelligent Data Core section. She's with our Product Marketing team. Ryan Ganley, manager of financial management product marketing, and Ian Cassidy, who's manager within spend management of product marketing. And those again, those through, the different sessions today. So for day today's presentation, we're excited to share the highlights of twenty twenty five r two release innovation, through the lens of an industry specific perspective as well as the office of CFO cross industry perspective, especially with some focus on continued evolution of our Workday Illuminate AI, capabilities. Additionally, we are really excited to highlight the work, Workday solution marketplace, and so we have a lot to cover. So let's get started. Okay. So today, we know that, CFOs are looking to both protect and grow the value of their business. And to do that, they are looking for insights that drive sustainable growth, how AI and other types of innovation can help them transition to fuel operational excellence. And in light of the market climate we all face today, especially in, you know, in the new world of tariffs and, increased competition and and things like that, become resilient and mitigate risks. And while these have been the goals of CFOs, the difference now with Workday's investments and with Workday Illuminate AI specifically is that we believe we have the most trusted data source with superior AI learning recommendations. Also, we believe our AI innovation is driving true transformation and reinvention of business processes. And we can use AI applied to planning and more to truly and confidently predict what's next. So as we go through the session, we will bring you bring bring to life these concepts, in some of our enhanced delivered enhancements delivered in this latest twenty twenty five r two release. So from a momentum perspective, it's really been really compelling and awesome to see, the growth, in the office of the c or CFO. We have over 2,400 financial management customers with over 70% live. We serve over 2,900 organizations with our spend management solution and we've exceeded 6,900 planning customers. We have, a number of new both in customer and new go live, customers that have joined the Workday community over the past, six or seven months. And as you can see across all industries and geographic locations. And we are also proud of some of the recent accolades which include being recognized by our customers and awarded the customer choice award by Gartner Peer Insights. Finally, as we are also the only ERP vendor vendor to be named leader of the leader in the ERP, planning, and HCM MQs, we will have several new twenty twenty five ERP reports publishing within the next few weeks, including ERP finance and ERP service center, as well as, for the planning for planning later, in q q four this year. Additionally, Workday was recognized as a visionary in the magic quadrant for customer life cycle management, and the updated report will be published shortly as well. And as mentioned, we have been recognized by our customers and awarded the 2025 customer choice award by Gartner Pure Insights across the board. So really excited news and, it validates Workday once again as a market leader. And here are some more detailed view of some of the great new customer additions to the Workday community across all industries. And as mentioned before, we'll be looking at the twenty twenty five r two enhancements both from an industry, vertical perspective and cross industry perspective as well. So at this point, I would like to hand it over to Indy to share with us the latest on the Workday marketplace and then continue with the tremendous innovation for industry. Indy, over to you. Thank you, Greg. And a warm welcome to everyone tuning into this webinar. We have lots to share with you. So we'll get started. And our first stop is going to be, talking about Workday Marketplace. So for those of you who are new to Marketplace, think of Workday Marketplace as your open gateway to innovation. It's a publicly accessible destination where anyone can explore trusted solutions from across the Workday ecosystem. This includes apps, templates, integrations, services, and AI agents. Marketplace is the digital hub, if you will, of the Workday ecosystem. It's designed for you and your buying committee, so you can find, try, and unlock value from Workday quickly and easily. And today, with more than 600 solutions from a 130 certified partners, you can explore platform extensibility, find solutions aligned to your industry and business needs. And marketplace is also your destination for discovering Workday validated AI agents. Now we're investing in what's next. At Workday Rising, we launched the ability to purchase directly from the marketplace. Today, there are 13 apps from 10 partners available to purchase, all built on Workday's adaptable, trusted, secure platform. And coming soon, AI recommendations and try before you buy experiences, both focused on helping you unlock a greater return on your workday investment. Now we have a lot to cover in twenty twenty five r two when it comes to our industry updates, which are use case based by industry. We won't have time to cover all of them. I'll share highlights across the industries, but you have access to all of these to look at later on. So we'll start, first by looking at some of the updates that are happening on the financial services side. And we'll start with accounting center here, which is used across a lot of our industries. But it's worth remembering that accounting center was originally driven primarily for our financial services customers. And we now have approximately 200 financial services accounting customers, from banks, insurance organizations. And accounting center simplifies and automates loan, policy, and trade accounting, and allows extra dimensionality for enriched financial analysis versus just leveraging GL data. Our larger banks process hundreds of millions of rows through accounting center daily and push that data into, the enterprise data warehouses. They also bring in external data to join with the financial data for management reporting and reconciliation. So now with the latest release, the bulk API to push data faster, the ability to add attributes more easily, and automate approvals gets customers even closer to the holy grail of near real time, lights out, straight through processing. That's just one update. We'll we'll share one more, which is more geared towards the insurance industry. And insurance is very regulated, as you know, at the state, at the country level, and the reporting can be tedious, manual, time consuming process. Workday's partnership here with GAIN and Servos allows for the data to be seamlessly integrated, and it reduces the time consuming processes of creating quarterly insurance filings. So just a couple of updates on the financial services side. Our next industry stop here will be for professional and business services. We continue to build more into the core product for these industries as well as increasing ecosystem development, specifically for sub industries. As an example here, I would like to highlight the, Invysers Accelerator for professional service organizations, particularly staffing. Invysers Accelerator here has continued to be built out with pay bill built on workday apps with pay when paid, customer approval for billable time, and contact time management, all available, to be purchased today. And the last two apps for billable time management and worker staffing management are on track, for release in 2026. Our next industry stop will be for retail and hospitality. Here, we will highlight a strategic partnership for you between Island Pacific and Workday. So here, we're combining two industry leaders to provide a powerful, fully integrated ERP solution that's designed for global retailers. So Workday Financials Management combined with Island Pacific merchandise management provides a true single view of your business. It creates a seamless platform that connects merchandise, finance, and workforce operations, helping retailers unlock new efficiencies, improve decision making, and accelerate growth, redefining what's possible for retail ERP. Next industry stop for us today will be on the technology and media front, and we're going to highlight a partnership here, with Deloitte. So Deloitte Technology and Media Industry Accelerator further features Zuero's streamlining the entire order to cash process with prebuilt integrations, advancing compliance controls, and the trusted analytics, which I know our customers really make use of, through financials, prism, and accounting center and the agentic AI, helping you modernize your financial operations, reduce risk, and scale with confidence. The holistic approach here provides a clear road map with our strongest partners. And building on that, the for our next update here, Workday's partnership with Zuora and Wakatto further enhances Workday's quote to cash life cycle. So these partnerships provide preconfigured CRM integration and solutions for complex billing, b to c use case scenarios, which, significantly reduce time and cost to deploy. So a couple of very meaningful updates for our customers in the tech and media space. Our next industry stop today will be for health care. And, lots of exciting, updates in the area of supply chain and management. In the interest of time, we're going to focus again on a couple of these enhancements today. So first, intelligent intake is a single front door for procurement. It uses advanced AI to understand what employees need in their own words and then guides those employees toward the right purchasing channel. This is, especially relevant for casual or occasional users who may not understand all of the nuances of health care sourcing and contracting. I think this is a very exciting update, which I can't wait to hear from our health care customers how they gain value from that one. The next update we will talk about from the health care side of the house is consignment replenishment. So, consignment replenishment is is a key step in enhancing consignment support, for our healthcare customers. When healthcare procurement teams are looking to, replenish consignment items, they need to provide right size, right sized, replenishment. And they need controls like min, max, quantities, as well as flexibility to help them do this effectively. Now this feature here delivers on these needs. It helps health care providers avoid overstocking or understocking, consigned items and reduces changes to consigned transactions and saving both time and costs. Next, we will look at, updates that we'll we'll go straight to our update for, grants management in the interest of time here. And this is a big one because it's applicable for public sector, for education, and nonprofit. So we'll spend a couple of minutes on this. So, again, customers need even more efficiency to reinvest dollars back into research and communities in these industries. And speed, accuracy matters to ensure that grant funds are able to be used quickly and appropriately. And having better insights to making decisions about resources is paramount. Better insights, making decisions about, the the actual grants that they're, they're managing. So Workday helps unlock powerful insights and streamlines the workflow experience to seamlessly manage your people, compliance, and grant funding in one unified trusted platform. Now in twenty twenty five r two, our customers have new enhancements for a number of areas. Let's just quickly roll through those. First, award journal lines with payroll details. There's a screenshot there that further shows that. But here, we're improving timeliness and accuracy of reporting about people paid on grants and eliminate manual sharing of information across, departments. The next enhancement here is salary over cap, evaluating 0% FTs at 100%. And the unlock here for you is no FTE maintenance for workers with changing and predictable schedules. Next enhancement for grants here, assign costing allocation questionnaire. The value here is you can use questionnaires to provide additional justification for or information for costing or change. And then, allocation pools with grant accounting. I know this is a very important enhancement that our customers have been looking forward to. And, here, we're talking about cost revenue allocation at the transactional level, traceability through multiple tiers, incremental daily allocations, and reprocessing for retroactive changes. And the last enhancement here under grants management is supply invoice work tag templates with grants. And this is where the grants work tag is now enabled on the supplier invoice work tag split template. So a number of enhancements there for our customers across multiple industries for grants management. Now as we talk about this innovation, it's important to think about how to make the most of innovation. And you need to know how to pull this technology and make it work for you. Now our customers ask questions like, what new features should I adopt that will make an impact on my business? How do I enable my team to feel confident about using and managing this technology? How do I use a technology to best manage change, reduce risk, plan for growth? So Workday Success Plans is a subscription based plan that provides comprehensive expertise, support, and education to help our customers do exactly that. So these plans help you connect the dots between business goals and technology capabilities, build and expand your team's workday expertise, deploy with confidence as, at your at your pace, for success in your production environment, and keep pace with innovation, including getting the most out of Workday Luminate. So to learn more about this, chat with your Workday team dedicated to your organization, for how you could take advantage of this. Now our last industry stop here today will be focused on higher education. As Greg shared earlier, Workday Student was, named a leader in the 2025 Gartner Magic Quadrant for Higher Education Student Information Systems. We thank our customers for that too because we approach industry innovation very uniquely in that we innovate with the industry, our customers. We innovate with you, for you, for the industry. And I think that allows us to hit the mark and deliver to you what you actually need in your business. So let's look at a couple of the enhancements for higher education. But for our higher education, customers, please, please do dig into all the others because there's a lot that I think you will find valuable. But the two we'll focus on, first, transfer credits. So, today, our director of admissions wants prospective transfer students to submit their coursework online and get an estimate of what will the transfer and applying be like for the program, of study, before the application has actually gone through. Now with Workday, transfer candidates can submit a preliminary transfer, before applying or being admitted, giving them visibility into the process earlier. This was traditionally done only after admission. Universities are increasingly focusing on students with transfer credits due to demographic shifts and student population. So next, so this update, I think, is gonna be very critical for managing that. And next, we will, go to another key enhancement, in this new release around registration troubleshooting. So today, registrars and others want improved communication during the waitlisting process so students understand their eligibility for waitlisted courses. Administrators need students to be removed from the wait list if they do not accept the wait list advance, advancement notifications. So now with Workday, with that context in mind, registrars can determine which registration restriction will provide a notification to the student during the waitlist process. Students can retain their position, be removed, or be moved to the end of the waitlist. So this allows for, the enhanced processing of users. So many updates there, but there are many more in 2025 release two. I invite everyone to check them out for your respective industry. But at this stage, I'm gonna turn it back, back over to Greg. Thanks, Indy. Wow. Fabulous, exciting enhancements in the industry area. So really thank you for for that. So lots of great great information. Now let's move on to the cross industry innovation for twenty twenty five r two. So Workday is well positioned, to help address the critical business challenges our customers are grappling with today. And our solutions and investments in innovation, specifically around AI with Workday Illuminate, are key to supporting the office of the CFO's movement to becoming an even more forward thinking organizations as we all aspire to. Right? So it's really about enabling a profound shift that redefines how businesses operate. By focusing on specific functional areas like financial close, data insights, contract intelligence, and planning, we continue to ensure our AI is solving real world problems, and the ultimate result is, you know, what we're aiming for is a more strategic, more engaged, and more human workplace by boosting productivity, improving decision making, and strengthening compliance. So as we move forward with our presentation today, we'll be highlighting some of the new AI powered capabilities for twenty twenty five r two. And these innovations as well as the upcoming road map demonstrate our commitment to continuous innovation and highlight that AI is no longer a hype, but a necessity to thrive in business landscape and truly allow organizations to become more forward thinking. And before we jump into the details, we want to remind you of the really compelling AI powered use cases and agents we support today by business process or theme within each solution area. And for those who, could not attend Workday Rising several weeks ago in San Francisco, we announced some powerful new agents for the office of CFO, including the financial audit agent, revenue agent, planning agent, and supplier contract agent. And for those who cannot join us in San Francisco, we are also happy to announce we will be delivering a rising to you event later this fall across multiple cities that will highlight recent innovation, deliver thought leadership, and offer you a chance to speak to product experts and network with your peers. I'll be providing more details on the venues and dates at the end of our session today. But with that, I'm gonna hand this over to Shetul over to you and tell some highlights around our intel intelligent data core. Shetul. Thanks, Greg. Alright, folks. Happy to be here. You know, I'm as Greg mentioned, I'm gonna walk you through the update store Intelligent DataCore. And just as a reminder, so that you folks know, Intelligent DataCore is a solution that helps companies harness the power of their data as a competitive advantage by integrating external data, blending it with Workday financial and worker data, automating accounting creation, and expanding depth of insight for reporting and analysis. So with that, let's get into what's coming to Prism Analytics for twenty twenty five r two. So couple, enhancements for Prism Analytics. I'm gonna focus on the direct cloud data warehouse connectors, and I'm sure a lot of you folks have already, you know, heard heard about this. This is an enhancement we've had for the last few releases. We're just adding on support, for different connectors. And, so let me, let me just remind you of the challenge that our customers are facing before we had this enhancement. So previously, customers imported external data via CSV uploads or API integrations, which often require IT support. So now with direct cloud data warehouse connectors, users can pull data directly from external sources without needing IT interventions with simplifies integration and accelerate insights. So in, if you remember in twenty twenty five r one, we expanded support to Snowflake, Google BigQuery, AWS Redshift. And now in twenty twenty five r two, we're adding, Azure Azure, not sure how you wanna say it depending on where you come from, Google Cloud Storage, which then makes non Workday data integration even more seamless for our customers. Moving on to our next section, which is the accounting center. So accounting center now has 400 customers across 12 industries. There are many ways that our customers are using accountants accounting center, couple of, you know, examples of that. So in health care, our customers are leveraging accounting center to integrate patient revenue data and calculate net patient revenue on grace gross AR transfer and then transform this data into accounting. In retail and hospitality, customers are using accounting center data to transform physical product sales and digital product sales into accounting and recognize revenue. In technology, customers are using accounting center data to automate stock based compensation accounting to handle both restricted stock as well as stock options. And in insurance, customers are leveraging accounting center to transform honored premium revenue into accounting and spread over the life of the policy. With that, let's get into what's coming for accounting center in twenty twenty five r two. So, number of enhancements that are helping organizations increase efficiency as well as reduce risk. One of the key enhancements directly addresses complexities of managing intercompany transactions between entities with different ledger currencies. So previously, In Workday, the system required the line company to have the same ledger currency and currency rate type as the heard company, which forced complex configurations and manual workarounds for our customers. So with this update, we removed that validation. So now with Workday automatically creating intercompany journal lines even when each company has a different currency or currency rate type, which then helps our customers streamline the intercompany process, allowing financing to manage their transactions more efficiently and, obviously, with less less excuse me, with less risk of error. And so, the last section of my, portion here is, talking about reporting and analytics. So, Workday Analytics capabilities are purpose built for finance and HR with a unique data model that provides robust demand and the ability to access granular levels of detailed data. So in twenty twenty five r two, we're announcing several enhancements across our reporting tools. I will, walk you through a couple of them, focusing on one particular one that I'm really excited about, which is conversational reporting. It is now, available in EA. With this new capability, customers can now interact with their financial data in a completely new way. Instead of navigating complex reports, they can simply just ask questions in their natural language. This allows business users to get insights into what they need on spot. Also, then it x rays decision making process and empowers everyone to work more efficiently. So, I know that I didn't go through all the, enhancement for each of those categories, but please, you know, when you get this deck, feel free to go through them. Ask us any questions in the q and a. And then this next slide provides you with a useful, kind of summary of what's, you know, what's been released in the last few releases as well as what's coming in the future. And with that, I will hand it over to Ryan to talk about automated and scalable finance operations. Thanks, folks. After you, Ryan. Alright. Thank you, Shetul. Hello, everyone. We have a lot of great enhancements designed to help you automate your financial business processes. For the most part, I'm gonna focus on one feature per business process. There's a few I'm gonna cover more than one, and then we do have a few brief demos we're gonna show, but just for time's sake for most of them only, we cover one. So with that, we'll get started with record to report. So our vision here is to transform the closed process, moving companies away from siloed, inefficient, and error prone processes. Today, we've already dramatically improved this for customers, saving you time and money and allowing you to focus on analysis. Where we're headed in the future is to automate 90% of this process, eliminating manual work and allowing more time for analysis in business partnerships. So now we'll take a look at the enhancements that we have here. So for this one, we will look at two enhancements. The first today, we have, AP powered account reconciliation. We know doing reconciliations manually or in an external system, can increase control and audit risk. It's difficult to track, and it consumes valuable time. With the AI powered reconciliation, AI can take much of the heavy lifting to help reduce the time you spend on manual work by up to 80%. And then the next feature we have is the financial audit agent. This helps expedite audit preparation in response by automating the collection of supporting documents requested by the auditors. So I do have two, brief demos for both of these. So the first we will show is the AI powered account reconciliation. Starting in the reconciliation workspace as a preparer. Right away, we get a clear, prioritized view of all reconciliations, including those Workday pre ed. The status bar provides instant oversight into what's not started, in progress, in review, and certified. I'm focusing on the reconciliations I haven't started yet. Here, I can see key details, like the risk score and the balance difference, which helps me prioritize my work so I can immediately focus on higher risk items like this trade receivables account. I'm going to quickly attach the aging schedule myself. Upon attaching it, we immediately see the UDPated supporting balance. Now let's manage the reconciling items. AI helps automatically brings forward the reconciling items and their supporting documents, so there's no need to manually reenter anything. Now I can simply add a comment and send it for approval. It's that easy. And next, we have the financial audit agent. In the audit request work area, we see all of the sample data requests that require review. And while we're in the work area, we receive an email from our auditors, so I'm going to initiate a new request with the agent. To do this, we'll engage the agent in a conversation. I simply enter the details I'm looking for, an AP cutoff sample, and I want the agent to include all of the related details like invoices, payments, delivery dates, and contracts. The agent reviews the request and immediately begins to collect the sample data set and quickly surfaces up a sample selection. It looks like a great start, so we move to the next portion of the request. The parameters and assignees where the agent pulls in the company, year, reporting period, creates a name for the request, and assigns the preparer and reviewer. We see the agent selected the company based on the description. Excellent. We complete our review, and the agent begins to assemble the complete data sample request. Within seconds, the sample request is complete. Alright. So moving on to our next business process, we'll move to global framework and tax reporting for our global customers. Our goal here is to make it easier for multinational organizations to work across borders, enabling finance to scale international operations and comply with local standards and requirements. So here, we'll focus, on the Workday delivered country specific configurations and reports. So we've added 16 new ones on top of what we've already had. And, again, this update is is really designed to simplify compliance and significantly reduce deployment time and costs to make it easier for you to meet the local requirements around the globe. And then with that, we'll move on to procure to pay. So paying, special attention here to the enhancements for our accounts payable teams. Our goal here is to free up resources from nonvalue added tasks, reduce errors, and gain control over costs. So let's take a look at the enhancements we have for twenty five r two. So in twenty five r one, we delivered PO line linking to automatically link invoice lines to POs. We also understand that depending on your business operations, at times, invoices can be received prior to PO creation. For instances like these, that requires users to perform a PO override, which can be timely depending on the number of lines on the invoice. So for '25 r two, we've enhanced the usability of PO line linking to provide an intuitive interface for AP users to easily perform the PO override and link supplier invoice lines against the PO. This will help reduce time spent linking invoice lines to POs and help improve processing time. So that will move on to cash and payments. So here, our focus is helping you quickly and securely integrate your banks as well and integrate with your banks as well as provide greater visibility and control over cash. All of this is possible with, Workday bank connectivity the Workday bank connectivity offering that we introduced last year combined with our cash management, payments, and forecasting functionalities. So in twenty five r two, we wanted to highlight AI bank recon exception matching. When bank statement lines, cannot be auto reconciled, it leads to exceptions requiring time consuming manual reconciliation, analysis, and research to resolve. So by embedding AI here, we can use it to help match the bank statement line exceptions. The AI analyzes historical reconciliation data and patterns to make the match recommendations, which the cash teams can review, interpret, and then decide whether or not to apply these matches. This saves time from investigating and researching how to reconcile these exceptions, making the overall bank reconciliation process faster and more accurate. So with that, we'll move on to opportunity to cash. So our goal here is to provide customers with a unified system that streamlines the opportunity to cash process to ultimately help organizations optimize how they monetize their business and recognize revenue. And we have a lot of exciting new, enhancements happening here in opportunity to cash. So and for twenty five r two, we have we'll start with, revenue set revenue contract agents, which is now EA. This helps automate accounting using AI to extract and analyze data from documents like contracts, transforming it into accountable ins actual insights to streamline traditional manual accounting processes. Then another exciting innovation is Workday Revenue Center, which is also EA. This streamlines usage based billing and revenue recognition, processing high volumes of usage data into accurate charges. It's a no code interface that allows finance teams to easily configure flexible pricing. I have a demo for both of these as well. So we'll start off with highlighting the revenue contract agent. In the revenue hub, we see all our contracts and billing, and we see document intelligence in action. Let's take a look at the documents requiring review. For those not creating contracts via an integration with your CRM, your revenue accountants review the contract in PDF form and manually capture its data in a spreadsheet. But anything manual, as we all know, is error prone. Fortunately, the agent has done this for us. It extracted the data from the original customer contract and created one in Workday. We can compare the two side by side for easy review. To the right, ask Workday is indicating that the contract may be eligible for a discount. But first, I wanna check the effective date. The agent navigates to the order effective date listed in the original contract, so I'm confident that the data in Workday is correct. Now let's go ahead and review the suggested discount. Our agent can traverse multiple documents that impact the customer agreement, including the MSA, which is the source of the discount information. It indicates that the new contract exceeds the minimum annual rental volume threshold, and a 20% discount can be applied. Before we accept the discount recommendation, we can navigate directly to the MSA to validate the information is correct. Now let's go and accept the recommendation, and the agent takes action to apply the discount across the customer's billing schedule. And now we'll take a look at, Workday Revenue Center, focusing on the, charge model. Setting up a charge model is simple as the model builder is specifically designed for business users. Requires no coding, drag and drop interface, letting you quickly configure tiered pricing, minimum commitments, overages, and more. In this case, we're building a model where the customer has a minimum usage commitment of 500 units, billing the greater of actual usage or 500 each month. Just like that, we've set up a charge model. By automating usage mediation and enabling flexible charge models, Workday Revenue Center reduces manual effort, increases billing accuracy, and gives finance teams the agility to adapt pricing and capture revenue faster. Alright. So we'll continue on with staff to deliver. So, the our vision here is to, unite people, projects, and profits. And what we'll be looking at here is, Workday Services CPQ, which is available GA now. We we have seen some tremendous, traction with this, with our, opportunity to cash process as well. This allows you to connect opportunity data from your CRM to all aspects of your of the project life cycle, including billing, reporting, and resource planning, allowing you to quickly generate detailed quotes by importing pricing and phase information from spreadsheets, providing a clear work breakdown structure, excuse me, and early resource visibility. So this wraps up the last business process. So I wanna turn it to the last two slides I have, which are summary slides. So they provide a clear overview of our last three releases, and then they provide a preview of what's coming next. We are making great progress in delivering innovative AI use cases to help you work smarter, not harder, and we have many more exciting enhancements coming in the future. So I'll turn it to our second slide as well. And then with that, I will queue it up to Greg for our planning updates. Perfect. Thank you, thank you, Ryan. Really exciting stuff. So next section. So welcome to intelligent planning. And keeping in with line with our strategic investment themes, we'll be focusing on today on our new work adapted planning capabilities in support of agile planning, connected planning, closing consolidation, and intelligent and scalable foundation. I'll quickly highlight a few features from our most recent release, 2025 r two, including some really compelling Workday Illuminate capabilities, and then provide a high level summary for the upcoming road map. So our first theme is agile planning. And agile planning is about providing the agility and efficiency necessary to enable agile organization wide planning. And so FP and A teams can spend less time data crunching and more time strategizing, and ultimately outpace the fast change of, you know, in the market today that we're all experiencing. So let's dive in and take a look at highlights for this thing. So some exciting, capabilities are now available and coming very shortly, to our customers that pretty that support greatly support, increase planning agility, user experience, and allow users to collaborate better with stakeholders and gain more visibility into critical data faster. So one of the highlights for 2025 R2 is the enhanced user experience with new user notifications. As you likely know, Workday Adaptive Planning continuously strives to ensure alignment across all dependent planning users with improved collaboration capabilities. And so we've heard from customers that even more flexibility is needed in this area, especially as they utilize the dashboard environment as their main planning portal along with other communication methods. So for 2025 r two release, we are excited to now support the ability to tag users to comments within dashboards and notify them via Slack by instance, email, or in product notification. These capabilities will not only enhance the user experience, but also allow users to receive notifications where they collaborate best and drive alignment to ensure efficient, strategic planning. And also coming in our roadmap for enhanced user experience, really excited to announce, planning hubs and configurable workflows, which will be available shortly. More to come on these compelling capabilities. Our next theme is connected planning and driven by Workday's innovation innovative platform. So with connected planning, flexible business planning and ultimately faster confident decision making is heightened when planning is aligned with execution and analysis. The end goal is a close alignment across FP and A, accounting and HR where you can model, monitor and analyze results in real time and then make more reliable sessions. And here are some highlights. So for twenty twenty five r two, Workday introduces new compelling capabilities to our customers that drive alignment across key stakeholders, specifically HR and FP and A teams by leveraging the power of the full Workday platform. One of these capabilities is the ability to support headcount planning by cost center or custom organization, which now provides much more flexibility to meet specific workforce planning requirements, which ensure better alignment between workforce plans prepared by the HR teams and an organization's financial plan. Essentially, this new capability will allow customers to set up a workforce planning instance by cost center, custom org, or super, super supervisory organization, so complete end to end bottom up planning by a selected level of the organization's choice. All of these workforce planning enhancements seen above, as well as others like updates to the planning configuration manager will continue to effectively align teams across an organization to drive better insights to allow for better, bolder decisions. And our next theme is around Workday Adaptive Planning's closing consolidation capabilities. With these, we continue to provide a unified solution to drive value and alignment across FP and A and accounting teams. This, of course, is not new functionality for Workday, but rather repackaging of existing capabilities, which was released early last year. For 2025 R2, our latest release, the support for AI powered account reconciliation capabilities, as mentioned by Ryan earlier, drives greater efficiency for account reconciliations, automated matching and certification rules and much more. And much more to come for this solution in upcoming releases. And then finally, in the area of intelligent and scalable foundation, we continue to enhance Adaptive Planning's foundation to offer powerful Workday AI powered planning capabilities, performance and connectivity that drive greater automation, intelligence, more streamlined processes, and enhanced insights for FP and A teams, and all planning stakeholders for that matter. Here are some, great highlights. So for twenty twenty five r two, Workday introduces some really exciting new Workday Lumen capabilities, including Workday and the planning agent, which is limited availability, until later this fall and as well as some really compelling enhancements for predictive forecaster. So first, let's discuss Workday, which is Workday's AI powered interface which allows any user to navigate adaptive planning and gain quick analysis, context to work suggestions, and other information using natural language. It makes using adaptive planning more intuitive, conversation, and collaborative. For 2025 r two, contextual help capabilities will be supported, which essentially synthesizes, information from admin guides, knowledge base knowledge bases, and Workday community to provide step by step instructions on how to complete an action driving user productive, productivity and adoption. For example, how do I create a dashboard or report or set up a a data integration? And as Ask Workday evolves, it will be the primary interface that enables our new planning agent critical role based skills for analysts, planners, modelers and admins. So now let's real quickly turn to the planning agent. And for twenty twenty five r two, again, limited availability later this fall, the planning agent's skills supported our data exploration and variance analysis. Data exploration is a skill which provides instant concise summaries, key analysis and visualizations across financial and operational dimensions, all through natural language queries. This will uncover valuable insights to quickly drive well informed decisions with minimal effort. And variance analysis supports the skill to identify and explain key variances from within reports with configurable dashboards and identify top drivers as well as generate slides with commentary for reporting. And so essentially, these planning agent skills are designed not to replace FP and A professionals or other planners, but rather augment them and amplify their roles. Now let's take a look at a quick demo for the new Ask Workday and planning agent. And again, the planning agent is targeted for limited availability later this fall. Let's take a look at the demo. The initial key skills supported by the planning agent are powerful data exploration and variance analysis. For example, let's say the FP and A team needs to perform analytics within this report. With Ask Workday selecting the prompt to detect anomalies, as an example, any user can easily identify what to focus on, or if required in seconds, generate variance commentary or visuals. But the power doesn't stop at analytics. We also recognize that navigating a comprehensive platform like adaptive planning sometimes involves questions about functionality or best practices. Now, when you're in any area of the system, whether you're setting up a new model, defining security roles, or creating dashboards, you can leverage Ask Workday for immediate help. Okay. So here's a reference that gives you a better sense of what we've delivered in the past three releases and a glimpse into the future. And that wraps up the highlights for intelligent planning. Now let me hand it over to Ian for proactive spend management. Ian, over to you. Thank you very much, Greg. Appreciate it. And thank you everyone for sticking around towards the end. I'm really excited to be here today to talk to you about our our Spend Management Solutions. In Spend, we're we're really continuing to to try and address the needs of procurement professionals across the board, And that could be embedding AI into our product to unlock efficiencies, increase agility in the sourcing process, or or it could be about strengthening relationships with with your suppliers. And but we're always looking for innovative ways to support each stage of that full source to pay process. A key goal of ours is really to enable everyone in the Office of Procurement to to really position themselves as strategic leaders within the org and their team, but also improve the experience of our users at each stage of that of that spend or source to pay process that I was speaking about. So with that in mind, I'm really excited to walk you through some of our 25 or two release updates. As as the other guys have done here, I'll focus on one feature per business process. But there's a lot of really great things here, and I know the deck will be sent out after, so just keep an eye out on that. So, we'll kick off at the beginning of the Source To Pay process with Source To Contract. So for '25 or two, we're continuing our efforts in AI, automation, and ensuring that the enhancement and tools that we build drive a compliant efficient sourcing process. A lot of you might have seen Workday CLM, over the last couple of months, and and they're anyone who's outrising, but this has been a big drive in investment over the last while. We're already seeing some great success stories here as you can see in the quote at the bottom of the screen. And with ever changing regulations and volatility really across the markets, we want to make sure that you can remain agile by having a better or intelligent contract management capabilities and deeper, deeper strategic relationships with your suppliers. So with that in mind, while we have many great updates to support this, I'm going to focus on this exciting integration with Workday CLM into our our our sourcing and procurement process. I will go through a quick demo of this shortly, but in brief, this integration into sourcing and procurement, we're really further enforcing our unified source to pay story. So What it does is it streamlines your contracting with two new flexible intake pots. You can now route request from one Intelligent Intake in or sorry. You can now route request from Intelligent Intake in in two ways. And so one of them is through strategic sourcing for a full sourcing event, or two, it's directly into into contract life cycle management CLM for any non sourcing requests. So but no matter the path, Eversource AI technology takes over in CLM to automate tedious tasks and and gives you things like redlining and clause detection and really eliminates manual editing, reduces errors and and saves a massive amount of time and keeps your supplier contracts fully compliant. Another improvements across the board here are under unified supplier portal, which I'm sure you probably heard a lot about today. And we're streamlining and improving the supplier experience there. So there's a single modern login experience and a view across all their Workday customers from one place, which really eases the burden for procurement teams as well. So, yeah, as I said, we're gonna have a look at the the demo for the CLM integration now. Meet Ryan. Ryan is a casual requester. By that, we mean he knows what he wants but might not know the exact path to get there. Using intelligent intake, he can use natural language to enter his request. Here, he's looking for cybersecurity services. He enters his request, and intelligent intake goes to work. It's just the correct compliant path based on your organization's predefined rules, in this case, creating a sourcing project. Strategic sourcing, he fills in his request and hits submit. Now introducing Theresa. She starts her day, logs on, sees a request at the top of her queue for cybersecurity services. She reviews it and realizes she needs to use a competitive bid using an ORP. And for the sake of this demo, we'll run through this quickly. But she publishes the events, invites some suppliers, and awards it to Synergy IT partners. From here, she creates the contract. This brings us to the Workday CLM ticketing screen. She uploads the documents she received from Synergy IT as a starting point for the authoring process, creates a ticket. Here we see the information from the ticket has come over from strategic sourcing. And during the authoring process, we can check the status at all times. She sends this for review. And now we can see Workday CLM powered by Eposort AI and the contracts negotiation agent in action. The agent immediately gets to work. Automatic redlining for clauses and terms compared to your playbook surgically inserts the necessary information needed to avoid any contractual issues with the supplier. The agent also detects that there is a confidentiality clause missing from this contract, so we'll insert that too. With the author incomplete, we can send it for signature and finalize it. The updated status is reflected above. At any point here, we can view the contract in strategic sourcing and see the completed contract status with any other contracts underway from the same supplier that they are accompanying statuses to. Additionally, we can see the executable contract in procurement where we can raise POs and invoices against it. Now back to Ryan, our requester. On his intelligent intake screen, he can review his requests and the status of these requests marked complete below. So, yeah, we're very excited about that. And and I'll continue on in, in a in a similar vein and and talk a little bit about, procurement and and dig into intelligent intake then after. So for '25 or two, we're we're continuing to invest in areas that really take the workload off the plates of procurement professionals. So things like mundane, time consuming tasks that can really eat away hours of the day and and also obviously be extremely error prone, can lead to compliance issues amongst other things. But the hope here is really that this this breed of time can be reinvested elsewhere into analyzing data, making decisions on this data, and really positioning and elevating, your team and yourself to kind of strategic leaders within New York. So as I said, intelligent intake, and I know it's been mentioned already today and and you saw it in the demo there, but this is one of these investment areas. And you can see the quote on the screen here again is a testament to the improvements this is making for customers like OSU. So, so let's dig into that a little bit further. So, yeah, as I said, Intelligent Intake at its core is about making the requisition process really simple and more accessible and far more and more compliant. It's especially helpful for those casual users who might not know what they want, but or might know what they want but not entirely sure where to start like Ryan in the in the demo as I mentioned. So it consolidates all the requisition channels into a single interface that uses natural language. A user can ask a question or identify what they're looking for, much like you would message a colleague or or send them a Slack or an email. An answer then will be returned, routing them to a correct path, and and this is all defined by you. So a really quality but also compliant user experience there. So other areas, of improvements to new business views, purchase item metrics and supplier contract activity. And it just really is about simply simplifying reporting here by bringing multiple sources of data into one place allowing for faster accurate and trusted decision making and elevating that role again into a little bit more of a strategic function. So now moving on to the stock to replenish process for 25 or two, we're investing in automation and efficiency to give you more time back in your day. This release is about improving operations and getting enhancements in place that will support better stocking capabilities, faster fulfillment, and hopefully less time spent on manual tasks. I'm gonna talk about the second one here today. So we're aware that managing high so the line consolidation and consigned transactions. So we're aware that managing high volumes and an individual consignment uses transaction can lead to administrative burdens and overstocking and and a lot of risk. So in this, update, we're we're, consolidating multiple usage transactions into a single line item, aligning requisitions and purchase orders with supplier requirements, hopefully, simplifying that invoice process and reducing cost by automatically doing that. I'm conscious of time here, so I'm gonna go through this, a little bit quicker than than usual. But just to round out our spam management, we're we've had expense to reimburse, to finalize. So continuing to heavily invest in our expense products around improvements to our UX and UI, the new submitter experience, and further investments into our mobile capabilities. So let's dive in. So today, I'm gonna talk about the expenses Hub on mobile. It allows users to switch between devices effortlessly and reduces navigation time and effort by providing a single central starting point for everything submitters need to manage their expenses, like receipt uploads, instructions, or links to helpful documentation. So there's a unified and familiar expenses experience now on mobile like they do have on desktop. And that's everything I have for today. So I'll I'll leave this summary slide on screen. Across source to contract and procure to pay, I won't go into too much detail now. Again, conscious of time and you will get this deck after, so I'd encourage you to dig in. And finally, across inventory and expenses, you can see that we're really, really driving to support the day to day processes and free up your time to to to add to higher value task around the organization. So thank you very much for your time. Appreciate you sticking to the end and over to you, Greg. Yeah. Thanks. Thanks, Indy. Obviously, we run out of time. But the good news is we have a ton of innovation to speak about today, for twenty twenty five r two. So, hopefully, this overview gave you a great sense of the innovation including the powerful Workday Illuminate AI enhancements and the value customers can achieve with Workday for the office of CFO, as well as industry. As mentioned before, please check out, Rising Q. You can check out the cities above here. Go to our website, register for the event. There'll be a visionary keynote, solution leading practices by product experts, latest workday innovations, customer conversations, hands on labs, solution demos, real stories from customers including, you know, the way they use, products today and and most importantly, peer to peer networking. So please check that out. We won't have, obviously, time for q and a today. We will follow-up afterwards. For customers out there, please check with your customer success managers or check-in with Workday community as well as we'll email any of those questions that were posted online and were unanswered. So with that, I'd like to thank you. Hopefully, you found some great value from today's session and were able to appreciate all the outstanding innovation that continues to take place, for the office of CFO and industry. So first of all, I wanna thank all of our rock star presenters today who brought this innovation to light. And especially thank you for all of you, for joining, who attended, and, you know, taking up some of your precious time today. So we'll see you again in March for the twenty twenty six r one release. Thanks, everyone.