Carpe Data Implements Workday Adaptive Planning

This case study details the implementation of Workday Adaptive Planning at Carpe Data, a software-as-a-service company based in Santa Barbara, California. The document outlines the challenges faced by Carpe Data, particularly in establishing a planning process that effectively manages personnel reporting and annual recurring revenue. With a small finance team initially relying on Excel for planning, the company sought a more sophisticated solution. The case study describes how Revelwood assisted Carpe Data in building a revenue model that integrates annual recurring revenue and enhances reporting capabilities on profit and loss data. It highlights the efficiency gained through the integration of Workday Adaptive Planning with the company's General Ledger and ERP system, significantly reducing the time required for data processing. The document also mentions future plans for utilizing Workday Adaptive Planning to track Accounts Receivables and import data from Salesforce for improved revenue forecasting.