What is the role of 'transactional level reporting' in Workday?

What is the role of 'transactional level reporting' in Workday?

• A. To summarize annual performance
• B. To provide insights into high-level trends
• C. To offer detailed insights into specific transactions
• D. To generate budget forecasts

Answer: (C)

Transactional level reporting in Workday focuses on providing detailed insights into specific transactions. This means it allows users to analyze granular data associated with each transaction, such as individual entries, invoices, or payment details. By accessing this detailed level of reporting, organizations can identify patterns, exceptions, and discrepancies that might not be visible in higher-level reports. This type of reporting is essential for effective financial management and decision-making, as it enables users to drill down into the data, understand the reasons behind specific outcomes, and take necessary actions based on precise transaction-level data. Ultimately, transactional reporting supports more informed decision-making and enhances transparency within financial processes.

Transactional level reporting in Workday focuses on providing detailed insights into specific transactions. This means it allows users to analyze granular data associated with each transaction, such as individual entries, invoices, or payment details. By accessing this detailed level of reporting, organizations can identify patterns, exceptions, and discrepancies that might not be visible in higher-level reports.

This type of reporting is essential for effective financial management and decision-making, as it enables users to drill down into the data, understand the reasons behind specific outcomes, and take necessary actions based on precise transaction-level data. Ultimately, transactional reporting supports more informed decision-making and enhances transparency within financial processes.