In Workday, cross-book reporting is useful for:

Cross-book reporting in Workday allows organizations to generate financial reports that encompass data from multiple ledgers, particularly when those ledgers adhere to different accounting standards. This capability is essential for enterprises that operate across various jurisdictions and need to comply with different regulatory environments.

Organizations often maintain multiple ledgers for different reporting requirements, such as generally accepted accounting principles (GAAP) and International Financial Reporting Standards (IFRS). Cross-book reporting streamlines the process of producing comprehensive financial statements by pulling data from these diverse ledgers, thereby enhancing transparency and allowing for more informed decision-making within the organization.

The other options, while important for different aspects of financial management, do not align with the primary function of cross-book reporting. Automating bank reconciliations focuses on streamlining cash management, assigning security roles pertains to managing user access and permissions, and manually reviewing allocation journals involves operational oversight rather than the integration of financial statements across various accounting frameworks.