Workday Consultants for Banks
Practical Help for Banks Running on Workday
At DanDee Consulting, we work with banks that rely on Workday to manage their operations, people, and financials. Our team understands how core systems impact both day-to-day execution and longer-term planning. We help you get more from your Workday setup — whether you’re mid-implementation, adapting to new regulations, or trying to clean up reporting that just isn’t working.
Book a short intro call today to see if we’re the right fit.
Our Services: Workday Consulting for Banks
Workday can be a powerful system for banks — but only when it’s configured and maintained to match the regulatory, operational, and reporting standards of the financial sector. At DanDee Consulting, we help financial institutions align their Workday platform with the real requirements of banking operations, whether they’re tackling data consistency issues, reconciling financials across business units, or preparing for their next audit.
We support core modules like Financial Management, HCM, Payroll, Time Tracking, Absence, Advanced Compensation, and Prism Analytics — with a focus on helping banks improve performance without introducing new risks.
Below is a detailed view of how we help solve specific banking challenges with Workday:
Workday Implementation Support
Our team of Workday consultants is dedicated to ensuring a seamless implementation and training of Workday’s financial management, human capital management (HCM), and analytical configurations.Â
We provide comprehensive support, including thorough gap analysis, managing integrations, and performing rigorous testing. Furthermore, we ensure knowledge transfer by delivering detailed documentation, enabling your internal team to maximize the benefits of Workday even after our engagement.
Tailored Workday Payroll Solutions
Our Workday Payroll experts are dedicated to configuring your Workday technologies and payroll solutions according to your bank’s specific needs.Â
From payroll processing and compliance to reporting and audits, our consultants resolve any challenges you face with Workday Payroll. We ensure you have full control and insights to make informed business decisions.
Project Management Excellence
Our Workday project management services cater to both large-scale and small-scale initiatives. We take charge of crucial aspects, including scope management, vendor coordination, effective communication, data migration, and user adoption.Â
With meticulous attention to detail, we handle change orders, monitor budgets, and mitigate risks. Drawing upon our vast experience, extensive resources, and dedicated Workday experts, we ensure that your projects stay on track, within schedule, and budget.
Workday Staff Augmentation and Backfill Support
When your bank’s team requires additional support, our Workday consultants are ready to assist. We understand the significance of effectively managing payroll, benefits, and other critical processes for optimal performance.Â
Whether you need temporary backfill support or augmented Workday staffing, our technical consultants provide comprehensive Workday consulting services, enabling your internal team to stay updated on key initiatives.
Security and Compliance Expertise
Safeguarding critical information and ensuring compliance with regulations is paramount in the banking sector. Our Workday Security and Compliance experts bring specialized knowledge to help you protect your data and navigate industry regulations.Â
We offer comprehensive security services, including auditing and assistance with compliance requirements such as financial regulations, and data privacy.
Customized Reporting and Analytics
Unlock the power of data insights with our Workday reporting and analytics specialists. We assist your bank in configuring advanced reports that provide crucial performance, costs, and revenue information.Â
Leveraging Workday’s proven methodologies and custom reporting functions, we help you make data-driven decisions, innovate new products and services, reduce costs, and optimize business outcomes.
Optimized Financial Management
Financial optimization is paramount for the success of any bank. Our Workday consultants optimize your finance systems, empowering your institution to remain competitive in the banking industry. We automate financial processes, tailor the Workday system to suit your unique needs, consolidate and organize financial data, and ensure continuous financial data management for risk mitigation and regulatory compliance.
Workday Financials Configuration for Banking Structures
Many banks struggle to map Workday’s financial structure to complex business unit hierarchies, multi-entity structures, and intercompany accounting needs.
What we do:
We set up and refine Workday Financials to accommodate regulatory reporting formats, loan portfolio segmentation, and real-time GL reconciliation. We use ledger balancing rules, account posting rules, and custom validation criteria to help ensure that all journal entries align with your institution’s control framework.
Impact:
Clients have reported 20–30% fewer manual adjustments after month-end due to better rules alignment and more reliable worktags across ledgers.
Workday Payroll Setup With Regulatory Controls
Payroll processing in banking must satisfy not only state and federal laws but also internal audit rules and union or contract-specific agreements.
What we do:
We configure Workday Payroll to manage exception handling for multi-jurisdictional tax setups, variable compensation, deferred comp plans, and garnishments. This includes pay group configurations, calculation sequencing, retro processing, and third-party payment automation.
Impact:
Banks see reduced reliance on offline spreadsheets and up to 90% fewer manual payroll corrections post-processing.
Automated Bank Reconciliation and Cash Positioning
Many institutions still handle cash reconciliations outside of Workday, leading to errors and visibility gaps.
What we do:
We implement Workday’s bank reconciliation framework using bank statement layouts, transaction matching rules, and auto-recon parameters. We also support integrations with treasury systems and feed configuration for SWIFT or BAI2 formats.
Impact:
On average, clients reduce reconciliation time by 60% and improve day-to-day cash visibility across operating and reserve accounts.
Security Design for SoD (Segregation of Duties) and Audit-Readiness
Banks face scrutiny around system access and data exposure, especially around payroll, financials, and HR records.
What we do:
We audit and rebuild security groups using Workday’s domain and business process security policies. Our role-based access models ensure that duties are clearly divided and logs are traceable for both internal and external audits.
Impact:
Helps meet FFIEC and SOX requirements, while also cutting down the number of exception findings during annual audits.
Workday Reporting and Analytics for Bank Management and Regulators
Standard Workday reports often don’t meet the specific needs of bank leadership, internal risk teams, or regulatory reviewers.
What we do:
We develop custom dashboards using Workday Report Writer, Calculated Fields, and Composite Reports. This includes reports for asset-liability tracking, compensation-to-revenue ratios, staffing models by branch, and regulatory expense categories.
Impact:
Clients reduce report prep time by up to 70% during quarterly board cycles and regulatory exams.
Workday Staff Augmentation & SME Support
Internal Workday support teams are often understaffed or lack deep module expertise during key projects.
What we do:
We provide subject-matter experts (SMEs) who integrate into your team. Our support spans configuration, testing, change management, and knowledge transfer. Whether you need short-term backfill or long-term functional ownership, we adapt to fit your internal team’s bandwidth and structure.
Impact:
Avoids delays during upgrade cycles or re-orgs and helps maintain continuity of operations during staff transitions.
Workday Project Management & Testing for Banking Deployments
Banking projects often face missed timelines due to poor scoping, inadequate testing, or stakeholder misalignment.
What we do:
We run Workday implementations using iterative testing models (unit, integration, UAT) with clear entry/exit criteria, test scripts, and defect logging via tools like JIRA or ServiceNow. We also manage risk registers and cutover planning.
Impact:
Delivers projects within 5–10% of forecasted timelines and budgets, even for complex, multi-entity banks
Data Cleanup and Conversion for Legacy Banking Systems
Legacy systems often leave behind inconsistent, incomplete, or non-standard data — a major blocker for successful Workday migration.
What we do:
We perform data validation, mapping, and load using EIBs and Workday Studio integrations. We build staging templates to align source data with Workday schemas, focusing on chart of accounts, job profiles, and employee history.
Impact:
Improves data load acceptance rates to >98% during go-live and cuts post-migration data issues by half.
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Why Banks Choose DanDee Consulting
You won’t find us suggesting features you don’t need or asking you to overhaul working systems without reason. Our consultants start by learning how your bank runs, then offer ways to make Workday fit better into your current environment.
We work with regional banks, credit unions, and financial institutions across the country. They choose us because we stay involved — not just to check off boxes but to get results that make internal teams look good and systems work better.
Schedule a call to talk through what’s working — and what isn’t — in your current setup.
Get Clear on Your Workday Priorities
Workday is a strong platform. But in banking, it needs to be shaped and configured carefully to deliver the right outcomes. Whether you’re starting fresh, in the middle of a rollout, or trying to clean up years of patchwork changes — we can help.
Book your consultation now and get input from someone who’s seen it done right in banks like yours.
FAQs
 Yes, we support Prism Analytics use cases like portfolio profitability analysis, fraud pattern detection, and branch-level performance. We can design data models and build custom dashboards based on your internal KPIs.
 We configure Workday integrations using EIB, Workday Studio, and Workday Cloud Connect to connect with platforms like FIS, Jack Henry, or Kyriba. We also handle custom API authentication and error-handling protocols.
Yes. We can design and deploy Extend apps for banking workflows, including approval chains for high-value transactions or compliance attestations.
 We define access matrices aligned with the bank’s SoD policies, configure domain security policies accordingly, and use audit logs to validate compliance over time.
 Absolutely. We offer change impact assessments, comms planning, end-user training, and stakeholder alignment workshops to reduce friction during rollouts.
For midsize banks, a full Workday Payroll configuration or reconfiguration typically takes 8–12 weeks, depending on number of pay groups and complexity.
 Yes. We support regional banks, credit unions, and community financial institutions — and are familiar with the regulatory differences across each.
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If you have any questions, please do get in touch with us!
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