What is required when configuring automated cost allocations in Workday?

When configuring automated cost allocations in Workday, assigning allocation percentages for cost distribution is essential. This percentage determines how costs are tracked and allocated across various departments, projects, or accounts within the organization. It is a foundational step in establishing a systematic allocation method that will automatically distribute costs based on predefined rules, ensuring consistency and accuracy in financial reporting.

Automated cost allocations rely on these assigned percentages to function effectively. This means that once set, allocations can occur seamlessly without the need for manual intervention, streamlining financial processes and reducing the potential for human error. Users can allocate costs in a way that reflects the actual consumption of resources or services in the organization, which ultimately supports better financial decision-making.

Other options do not align with the need for setting up automated cost allocations. Running manual reconciliations and making manual adjustments introduce additional steps that negate the benefits of automation. Creating custom security roles complicates the setup without addressing the allocation itself, which is fundamentally based on the percentage distribution.