Workday has long been known for its financial and HR software, and on Tuesday it rolled out a new enterprise offering that spans both areas with a focus on planning, budgeting and forecasting.

Workday Planning is designed to be used in combination with Workday Financial Management and Workday Human Capital Management (HCM). The result is a unified system that allows organizations to continuously create, collaborate and take action on budgets and forecasts without the need for outside tools, Workday said.

A budget generator in the new product, for instance, allows companies to combine historical and budget data with modeling assumptions to generate a baseline budget automatically.

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