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Administrator Guide
Last Updated: 2023-06-23
Concept: Financial Executive Scorecard

Concept: Financial Executive Scorecard

The
Financial Executive Scorecard
 is a configurable dashboard that gives you insight into important performance indicators for your organization. With the Financial Executive Scorecard, you can:
  • Create snapshots of your organization key financial metrics for a given fiscal period.
  • Review the financial performance of your business in a consolidated view.
You can customize the dashboard with worklets that you want to display from the
Reports and Dashboards
 profile group.
Workday provides these scorecard components:
  • Composite reports enabled as worklets for the dashboard.
  • Financial Executive Scorecard Sub-Report - Published
     report that provides initialized, calculated, and published scorecard metric values.
  • Scorecard
     prompt set that specifies the metric set, organization, and period for the subreport.
  • Financial Executive
     metric set that defines the organizations, fiscal schedule, and published period for the scorecard metrics.
  • Standard financial metrics.
The
Financial Executive Scorecard
 reports use these layouts to display these metrics:
Report
Layout
Using these Metric Calculations and Metrics
Financial Executive Scorecard - Net Income
KPI Card
WD Matrix Report Metric Calculation
  • Net Income
Financial Executive Scorecard - Revenue per Employee
KPI Card
WD Simple Arithmetic Metric Calculation
  • Revenue per Employee
Financial Executive Scorecard - Spend per Employee
KPI Card
WD Simple Arithmetic Metric Calculation
  • Spend per Employee
Financial Executive Scorecard - Operations
KPI List
WD Simple Arithmetic Metric Calculation:
  • Profit %
  • Gross Margin %
WD Matrix Report Metric Calculation:
  • Total Revenue
  • Total Spend
WD Headcount Metric Calculation:
  • Financial Employee Count
Financial Executive Scorecard - Financial Ratios
KPI List
WD Simple Arithmetic Metric Calculation
  • Debt to Equity Ratio
  • Return on Equity Ratio
  • Current Ratio
You can drill down on the delivered worklets to review descriptions and report details of each worklet.
You can also access the Financial Executive Scorecard on Android, iPad, and iPhone devices.

Scorecard Setup

To set up the Financial Executive Scorecard, you must:
  1. Enable scorecard in your Workday tenant.
  2. Configure security policies on the
    Metric Management
    ,
    Manage: Metric Values
    ,
    Metrics in Review
    , and
    Published Metrics
     domains.
  3. Configure the
    Financial Executive
     scorecard on the
    Metric Set Details
     profile group.
  4. Map financial scorecard standard aliases to your ledger account summaries, ledger types, and account translation rule set in your tenant.
  5. Initialize, calculate, review, and publish metric values for Workday-delivered metrics on the
    Process
     profile group.
  6. Configure the dashboard by clicking
    Maintain Dashboards
    on the
    Reports and Dashboards
    profile group.