Armanino Blog
Article

Reforecasting for Sudden Changes Using Workday Adaptive Planning

by Mark C Wagner
March 30, 2020

During these unpredictable times, you might have to switch around your normal processes. We've been hearing from our clients about the need to do quick forecasts in Workday Adaptive Planning. Here are some step-by-step instructions with screen shots to show you reforecasting for Sudden Changes for your business.

1. Roll Out a Live Forecast Version

  • Confirm you are copying from the correct Original Budget Version.
  • Select the boxes for: Copy All Data, Copy Formulas, Copy Splits, Copy Modeled Rows and Copy Audit Trail History.
  • Update the Start of Plan setting to pull in Actuals through the prior month.
  • Review the user access settings.
    • Does this version need to be hidden for certain users?
Reforecasting for Sudden Changes Using Workday Adaptive Planning - User Settings

2. Update Input Sheets

  • Review and update the Personnel Sheet for Headcount impact and updates to Personnel Assumptions (i.e. merit and bonus attainment assumptions).
Reforecasting for Sudden Changes Using Workday Adaptive Planning - Update Input Sheets
Reforecasting for Sudden Changes Using Workday Adaptive Planning - Update Input Sheets
  • Review marketing, conference and event budgets looking at the impact of cancelled events and tradeshows as it relates to both Revenue Pipeline and Operating Expenses.
  • High-Level Adjustments: set up custom or assumption accounts to hold management increase/decrease % adjustments to incorporate into current modeled or cube formulas.
Reforecasting for Sudden Changes Using Workday Adaptive Planning - High Level Adjustments
  • Review Impact of New Forecast Version.
Reforecasting for Sudden Changes Using Workday Adaptive Planning - New Forecast Version

3. Utilize Weekly Forecasting

  • Always keep Live Forecast open as working forecast.
  • At the start of each week, clone this version and rename the previous Live Forecast to [Date] - Flash and name the new version Live Forecast.
Reforecasting for Sudden Changes Using Workday Adaptive Planning - Edit Delete Version

Have questions or need some help? Don't hesitate to reach out to our experts. For more information on how to keep your business running through disruption, visit our COVID-19 Resource Center.

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Author
Mark Wagner, Consulting, Armanino
Senior Manager
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