What does the 'Run Reports' task do in Workday?

The 'Run Reports' task in Workday is designed to generate financial reports based on selected criteria. It allows users to access and retrieve data tailored to specific needs, such as transaction summaries, account balances, or budgeting information. Users can customize the parameters of the report to focus on particular time frames, departments, or other relevant data points, making it a powerful tool for analyzing financial information.

The functionality of running reports is crucial for businesses as it supports decision-making by providing insights into financial performance. This capability also helps in ensuring compliance with financial regulations by making it easier to obtain necessary data quickly.

Understanding this task's role is essential for users involved in financial management, as it streamlines the reporting process and enhances data visibility within the organization.