Quiz Assessment etc. Archives

Workday Adaptive Planning Agility Assessment

Workday Adaptive Planning (WAP) enables you to be more agile and plan for today’s uncertainty. Take our WAP agility assessment to determine if you are getting the most out of your instance.

This assessment should only take about 1 minute.

BRS WAP Agility Quiz

Do you have any key-person risks? (single point of failure) *

Yes

Are new hires onboarded effectively within Workday Adaptive Planning? *

Yes

Are your budgets/forecasts produced outside of Workday Adaptive Planning in Excel? *

Yes

Are your Workday Adaptive Planning processes documented and transparent to all? *

Yes

Do you have skills and capacity to implement small enhancements/changes internally? *

Yes

Do you have automated data integration - can you trust the numbers? *

Yes

Are you copying and pasting numbers from Workday Adaptive Planning into presentations and board reports? *

Yes

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Your work email address: *

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by GK Horizons

Finance Agility Assessment

Agility is key to survival in today’s uncertain and hyper-competitive business environment.

How agile is your finance function? Take the GK Horizons Finance Agility Assessment to determine your company’s business agility score.

This assessment should only take about 5 minutes

Finance Agility Assessment

1) What tasks take up most of your finance team’s time each day? *

Working closely with business teams on innovation to achieve a competitive edge

Liaising with other business teams and providing data driven insights to the business

Developing and implementing strategic initiatives just with the finance team

Administrative tasks such as updating and consolidating spreadsheet data, processing transactions, or internal paperwork.

2) How much time does your finance team spend each week on administrative tasks? *

Less than 5 hours

5 – 10 hours

10 – 15 hours

More than 15 hours

3) How frequently does your finance team conduct forward planning? *

Constantly, using methods such as rolling forecasts

Once every quarter

Every 6 months

Annually or less

4) What type of data do you use for planning and forecasting? *

Financial, nonfinancial, and industry/market data

Financial and sales operations data

Historical financial data and data gathered through rolling forecasts

Historical financial data only

5) How much time does your finance team take to provide data insights for decision makers? *

Instantly, we can do this in real time

In a few hours, we can do this in almost real time

Within 5 working days

Around 10 working days or longer

6) Who is responsible for data management in your organisation? *

The finance team with data stored in one secure, central location

The finance team with data accessed from multiple sources

The chief data officer/IT

Data is decentralised and kept within each business unit

7) How long does it take to achieve alignment between finance and operational teams on key KPI data and analysis? *

Within a few hours, we can achieve this in almost real time

Within a few days

Within one week

It takes a few weeks

8) Could any improvements be made regarding your what-if scenario process? *

No, we have great collaboration across the business and clean, real-time data to work with

There could be better business collaboration as we often find data errors

Business collaboration needs a lot of work, we constantly encounter missing data sets and outdated information

It is almost impossible to conduct what-if scenarios because of the time and effort it takes to consolidate and clean the data

9) How close is the finance team’s partnership with other business functions? *

Finance works as an integral partner with every function across the business

Finance has regular interactions with other business functions but isn’t really seen as a partner to them

Our team works closely with the IT team but not with other business units

There is no partnership at all, our team operates as a siloed function of the business

10) How much time does the finance team spend per planning cycle reconciling data between people and systems? *

Less than an hour, our finance system does most of the work for us

1- 2 days

About one week

A few weeks

11) How much visibility into planning does the finance team have across the business? *

High visibility, the finance team is involved in cross-departmental planning

Our team has some visibility through functional leaders

Very limited, we only have access to information that other teams are willing to share

None at all, we plan in isolation

12) How closely do operational planning and reporting align to the organisation’s strategic objectives? *

There is very strong alignment between operational planning and reporting and the organisation’s strategic objectives

There is good alignment between the strategic vision and operational reality

There is some alignment between business strategy and operational reality, but it is weak

Operational planning and reporting are completely isolated from strategic objectives

13) How does technology support financial planning? *

Our financial planning and analysis are completely automated using cloud technology

Some aspects of financial planning and analysis are automated

There is a heavy reliance on legacy technology that requires manual input

Our finance team only uses spreadsheets that involve manual data entry and analysis

14) How much time does it take the finance team to identify root causes of budgetary issues and course-correct? *

Almost immediately, our team has access to real-time insights across the business that lets us instantly identify issues and causes and the required course-correct actions to mitigate risks

Our finance team can be responsive but there is room for improvement as the tools and processes they use cause some delays

It takes too much time and often can result in new problems emerging

It takes way too long; by the time we see problems, it’s too late

15) How well do you think your organisation is adapting in the current dynamic market? *

Extremely well, our organisation has adapted well to recent market changes

Very well, our organisation isn’t quite as agile as we’d like but has been able to adapt

Our organisation has been a little slow to adapt, which has put pressure on the business

Our organisation has struggled to adapt