| FAO Service | FIN Deployment | Terminology | FAQ's | Potpourri |
|---|---|---|---|---|
|
What are important capabilities of OSV's FAO service offering?
It promotes process control, supplies real-time insight and improves visibility into data, as well as providing a single system of record for account payables with automatic capture
|
What is the length of time it takes to deploy Workday Financials Management?
Six to nine months
|
What is Accounts Receivable?
The amount of money owed by your customers for goods / services
|
What is a benefit of Workday Financials Management (FIN)?
Allows for the processing of transactions quicker and more accurately without compromising control
|
What does FAO stand for?
Finance and Accounting Outsourcing
|
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What are key words or phrases you should be listening for to indicate that your customer is a candidate for OSV's FAO service?
"No visibility into Accounts Payable"
"Offshoring" "Frustration with getting info into Workday" |
What are some key differentiators of FIN?
In-Memory Data
Built-in Analytics Flexibility & User Experience |
What is Accounts Payable?
The amount of money you owe creditors for goods/services
|
What are some opportunity triggers for FIN?
Divestiture or Spin-Off, Turnaround, New Leadership, Business Change, Pending Upgrade, Global Growth
|
What is one opportunity trigger for OSV's FAO service?
Any company that is considering, has purchased, or is live on FIN
|
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What is on the FAO services roadmap?
AR services (invoicing, cash posting)
Supplier Service Center Supplier Management |
What are the different areas of Workday FIN?
Financial Accounting
Spend Revenue Financial Reporting Expenses Inventory Grants |
What is a General Ledger?
A complete record of the financial transactions over the life of a company
|
What are some of the challenges with in-house Accounts Payable?
How to get the invoices into Workday
Manual processes that lend themselves to human error Executives lack visibility into data and processes |
What can OSV sales team members tell their customers to ensure them that contracting with OSV for FAO services will not expose them to dishonesty or fraud?
The customer maintains control over paying vendors: who to pay, what to pay, how to pay
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What is the length of time it takes to enable OSV FAO services?
8-12 weeks
|
What are some of the benefits of implementing Workday Financials?
It lowers costs by streamlining repeatable tasks. This frees up time for resources to focus on value added analysis work.
It reduces risks & compliance burden by having Separation of Duties (SOD), Sarbanes-Oxley (SOX) and security and business controls b |
What is a Profit and Loss Statement?
A financial statement that is used to summarize a company’s performance and financial position by reviewing revenues, costs, and expenses during a specific period of time, such as annually or quarterly
|
What are the titles of Customer Targets for FIN + FAO?
CEO, President, COO, CFO, CAO, CIO, Controller, VP of Finance, Director of Accounting, Account Payable Supervisor
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What is the Workday Platform?
The suite of global Workday applications intended for a customer's enterprise - from Finance to HR - all delivered in the cloud, provides customers with a single view of their company encompassing both people and financial performance.
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What are the OSV FAO service levels?
Managed AP
AP Administration Fulfillment AP Imaging 1099 Distribution 1096 Filing |
Who are our OSV Financial professionals?
Real World Experience
Wide Industry Knowledge Certified Client-side Workday Experience |
What are Workday worktags?
Key words assigned to business events so customers can aggregate, report, and analyze their business information
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What is an application Workday integrates with?
Salesforce
|
Who should Sales contact if their customers are interested in signing up for OSV FAO services?
Marney Edwards, Senior VP of Sales, Finance and Accounting Outsourcing
and/or Michael Roseman, Senior VP of Financial & Accounting Outsourcing |
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