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Workday optimizes HR and financial processes with generative AI

Workday optimizes HR and financial processes with generative AI

Workday has given its platform new generative AI functionality. This should improve users’ productivity and further streamline business finance and HR processes.

With the new generative AI functionality, Workday follows many other business software vendors in making their software more intelligent to make customers more productive and to optimize and automate business processes.

Reliable models based on proprietary data

Most of the new features Workday has now announced focus on HR and employees, as well as financial processes. The proprietary AI models used for this purpose are based on more than 625 billion transactions handled by the platform each year.

This provides the largest and cleanest dataset of financial and HR data, according to Workday. As a result, the AI models used generate the most accurate, substantive and reliable results.

New generative AI features in HR that have been introduced include quick job creation and easy creation of knowledge articles for employees.

New AI functionality also enhances the creation of employee development plans.

Financial AI features

On the financial front, Workday’s new AI features give companies the ability to compare signed contracts. This way, the right invoices can be sent and revenue is more accurate.

In addition, with the functionality now added, finance staff can more easily automate the process for reminders for unpaid invoices and automatically obtain all necessary information and permissions in procurement processes.

Development Solutions

New AI functionality for development purposes has also been added. With the Developer Copilot tool, developers can now use generative AI, text-to-code, to increase productivity and turn natural language into code for creating financial and HR applications. The tool is now built directly native into the Workday App Builder solution.

Finally, Workday is developing a conversational AI tool to make it easier for users of the platform to talk to information. Think requesting summaries, searches and context queries.

The new AI features, which complement already 40 existing AI and ML capabilities, will be rolled out over the next 6 months to 12 months.

Also read: Workday further elasticates adaptive planning