How are you safeguarding your business against surprise renewals and deadlines? Without an effective digital contract management strategy, procurement teams lack the control they need to optimize contract obligations and empower the business. View this slide deck to learn how Workday can help you: Reduce cycle times Prevent contract delays Proactively manage obligations

1. Future Proof Your Contracts for 2021
and Beyond

2. Future Proof Your Contracts for 2021 and
Beyond
Looking Forward with Workday is a webinar series designed to give you insight
into how your organization can do more with Workday. This series will share how we
support how you manage your people and your business. Topics will include solution
strategies and roadmaps, specific use cases, live demos, and customer stories.

3. This presentation may contain forward-looking statements for which there are risks, uncertainties, and
assumptions. If the risks materialize or assumptions prove incorrect, Workday’s business results and directions
could differ materially from results implied by the forward-looking statements. Forward-looking statements include
any statements regarding strategies or plans for future operations; any statements concerning new features,
enhancements or upgrades to our existing applications or plans for future applications; and any statements of
belief. Further information on risks that could affect Workday’s results is included in our filings with the Securities
and Exchange Commission which are available on the Workday investor relations
webpage: www.workday.com/company/investor_relations.php
Workday assumes no obligation for and does not intend to update any forward-looking statements. Any
unreleased services, features, functionality or enhancements referenced in any Workday document, roadmap,
blog, our website, press release or public statement that are not currently available are subject to change at
Workday’s discretion and may not be delivered as planned or at all.
Customers who purchase Workday, Inc. services should make their purchase decisions upon services, features,
and functions that are currently available.
Safe Harbor

4. Help Slides Media
Player
Resource
List
Q&A
Housekeeping Items
Speakers Survey
Housekeeping Items

5. Workday Confidential
Ahmad Jiwani
Sr. Product Marketing
Manager
Workday
Dan Yoo
Sr. Director, Global
Sourcing
Workday
Kathleen Demont
Sr. Solution Consultant
Workday

6. Agenda
Workday Confidential
01 Contract Management Overview
02 Workday on Workday Perspective
03 Solution Demo
04 Closing / Q&A

7. 92% classified the
digital maturity of
spend management
processes as less
than best-in-class
going into the
pandemic
Source: Harvard Business Review

8. Executing Sourcing
Processes
Top Capability Gaps to be Addressed
Workday Confidential
Contract Execution
Procurement Analysis
Developing Category
and Sourcing Strategies
Negotiation Execution
Cross-Functional
Execution
Source: McKinsey

9. Workday Strategic Sourcing
Pipeline Sourcing Contracts Supplier
Management
Intake
RFX Events
Reverse Auctions
Dynamic Negotiations
and Analytics
Supplier Onboarding
Supplier Performance
Action Items
Contract Repository
Milestones
Renewals Management
Project Request Forms
Automated Routing
Project Management
Team Collaboration
Savings Metrics
Reporting Savings Tracking Workday/Financial/ERP Open API
Source to Contract
Workday Confidential

10. Contract Management Overview
Workday Confidential
Manage Contract Obligations
Establish a single source of truth for all
contracts and related documentation
Capitalize on Milestones & Renewals
Make real-time collaborative decisions to
renew, source or cancel contracts
Gain Control of Approvals
Establish rules to automatically route
contracts through the correct approval process

11. Contract Integrations
Sign documents with
DocuSign and
collaborate in MS Word
Key Capabilities
Workday Confidential
Contract Repository
Establish a single source
of truth for all contracts
and related documents
Collaboration Tools
Engage stakeholders
with in-app messaging
and notifications
Search & Reporting
Search on all contract
data and generate
reports quickly
Approval Workflows
Establish approval rules
to automatically route
contracts
Contracts Workbench
Intuitive workbench to
see contract status,
and pending items
Contract Relationships
Create parent-child
relationships to
visualize hierarchies
Templatized Contracts
Leverage templates to
streamline contract
creation

12. Workday Confidential
Workday
Procurement
Easily store and manage
contracts in one place to
operationalize obligations and
streamline contract renewals
Collaboratively onboard
suppliers, manage risk, and
assess performance to
maximize the impact of every
supplier relationship
Contracts
Supplier
Management

13. Helping Customers Succeed with Strategic Sourcing

14. Workday Confidential
Workday on Workday Perspective
Dan Yoo, Sr. Director, Global Sourcing

15. • 2019 Reorg
‒ Sourcing aligned to spend categories
‒ Centralized and created new
functions within operations
• Team Structure
‒ Technology Sourcing
‒ Services Sourcing & Travel
‒ Procurement Operations
• Global Coverage
‒ US, Ireland, Singapore
Global Procurement Office
Workday Confidential

16. Workday Strategic Sourcing Timeline
49% increase in project volume
Improved stakeholder visibility,
enhanced quality of data, and
increased efficiencies
WSS Becomes Official
Supplier Contract Repository
Migrated ~20K contracts in under a
month
~340 hours time savings annually
As a growing team, we needed a
comprehensive solution quickly.
We chose WSS because it was
flexible, configurable and easy
interface.
Launch Intake
Workday Goes Live
on WSS
Nov 2018
Feb 2020
Jan 2021

17. Analytics
Machine
Learning
Business
Process Framework
Integration
Source to Contract Procure to Pay
Workday Spend Management
Workday Confidential
Pay
Source
Project Intake
Contract Compliance
Project Tracking, RFx
and Auctions
Supplier Onboard and Data Mgmt.
Supplier Performance
Contract Creation and Signatures Requisition and Approvals
Purchase and Receive
Stock and Replenish
Travel Expense
and Reimburse
Invoice Processing

18. Workday Workday Workday Workday Workday
Docusign
Contract Management
Workday Confidential
Why?
Adopt functionality of the WSS
Contracts module to drive process
efficiency, data autonomy, internal
collaboration and full integration of
tools across the Source to Contract
process
Who?
● Concierge
● Contracts
● Sourcing
● Inbound Legal
● Risk (Security / Privacy)
What Changed?
● Utilizing DocuSign Integration
● Contract Repository in WSS
● Supplier upload to WSS Directory
● Data Alignment with Pipeline
● Contract Relationships
● Reporting
Create Project in
Pipeline
(SRCG/CON1)
Complete
Project and
Route for
Approval
Review
Contract Info
& Approve
for Routing
Create
Contract
Record(s)
Route
Contract(s)
Contract(s)
Filed &
Activated

19. Key Benefits
Workday Confidential
Central Repository Collaboration Tools
Search & Reporting Integration & Access
● Repository with access controls
● Single source of truth
● Contract relationships
● Reminders
● A single place for collaboration
with multiple teams
● Tracks history and records of
interactions
● Search contracts
● Create and build reports
● Ability to share reports
● Integrated across all of source to
contract
● Easy and efficient access to
contracts within WSS

20. DEMO
Contract Management
Workday Confidential

21. Q&A

22. Thank you for joining us!
Join us in these upcoming sessions:
July 15, 2021
Thursday 10 AM PT
Partnering with Workday on
Your Skills Transformation
Journey
July 27, 2021
Tuesday 10 AM PT
Unleash Your Data while
Ensuring Governance and
Security: Reporting, Prism and
Productivity
July 29, 2021
Thursday 10 AM PT
Managing the Complexities of
a Return to the Workplace
August 3, 2021
Tuesday 10 AM PT
Enabling Self Service
Analytics for Finance and
Business Leaders
August 5, 2021
Thursday 10 AM PT
The “Great Resignation” and
How to Use Intelligent
Listening to Engage and
Retain Employees
August 10, 2021
Tuesday 10 AM PT
Building Resilience and
Sustainability through an ESG
Reporting Program with
Accenture and Workday

23. For a changing world.
TM