What are Workday Standard Reports primarily used for?

Workday Standard Reports are primarily utilized to view a variety of pre-delivered reports that encompass multiple categories within the Workday system. These reports are designed to present users with insights and analytics pertaining to various domains such as procurement, finance, and human resources without requiring extensive customization or setup.

The value of these reports lies in their ready-made nature, which allows organizations to quickly access essential information needed to make informed decisions. This functionality supports various operational needs across departments by providing standardized metrics and data summaries, thus enhancing visibility into business processes.

While options like analyzing supplier data or creating financial forecasts are important functions within Workday, they represent more specialized uses or specific tasks that may involve additional tools or reports beyond the standard offerings. Similarly, managing employee performance reviews falls outside the primary scope of standard reports, which focus more broadly on organizational analytics and operational reporting rather than individual employee assessments.