Workday Financial Management is the financial platform of choice for large enterprises and upper mid-market organizations that require a unified system for financial accounting, planning, procurement, and treasury management. Finance teams operating at this scale process high transaction volumes across multiple accounts, entities, and currencies. The accuracy and timeliness of bank data flowing into Workday directly affects the quality of financial reporting, the efficiency of treasury operations, and the reliability of cash forecasting.
Ninth Wave’s Workday integration connects the financial institution directly to the customer’s Workday environment, delivering bank statement data through Workday’s BAI2 and ISO 20022 file format standards. Transactions post into Workday’s bank statement reconciliation workflows without manual file retrieval, format conversion, or upload steps — giving treasury and accounting teams current bank data inside the platform they use to manage the company’s financial operations.
BAI2 and ISO 20022 Compatibility
Workday’s bank reconciliation module ingests bank statement data through standardized file formats — primarily BAI2 for US domestic transactions and ISO 20022 for international and multi-currency operations. Ninth Wave’s Workday integration delivers data in these formats, mapped to the transaction codes and field structures Workday expects, eliminating the reformatting work that finance teams otherwise perform when statement files arrive from the bank in non-standard formats.
Intraday and End-of-Day Statement Delivery
Enterprise treasury operations frequently require bank data more often than a nightly statement cycle. Ninth Wave supports both intraday statement delivery — allowing treasury teams to monitor cash positions across accounts throughout the business day — and end-of-day statement delivery for overnight reconciliation and reporting. Delivery frequency is configurable based on the customer’s operational requirements and the bank’s statement production schedule.
Cash Position Accuracy
Treasury teams at enterprise companies manage liquidity across multiple accounts, often at multiple banks and in multiple currencies. Accurate cash position data — delivered directly into Workday rather than assembled manually from downloaded statements — is foundational to the investment, payment, and borrowing decisions treasury makes daily. Ninth Wave’s integration ensures that the cash data visible inside Workday reflects the actual state of the bank accounts it covers, without the lag and error risk associated with manual data handling.
Multi-Bank, Multi-Entity Architecture
Enterprise Workday deployments typically involve multiple legal entities, multiple banking relationships, and sometimes multiple currencies. Ninth Wave’s integration architecture supports this complexity — connecting multiple bank accounts and multiple institutions to the appropriate Workday company records — so treasury and accounting teams see consolidated, entity-specific bank data within the Workday environment without managing separate data streams from each banking relationship.
Credential-Free Data Delivery
Enterprise treasury teams are acutely aware of the security risks associated with credential-based data access. Ninth Wave delivers bank data to Workday through secure, authenticated file transmission — not through credential sharing or screen scraping. The bank’s data is transmitted through encrypted channels under the bank’s security controls, with a complete audit trail of each transmission available through Ninth Wave Portal.
SOC 2 Certified Infrastructure
Ninth Wave’s platform is SOC 2 Type I and Type II certified and PCI DSS compliant. For enterprise banking customers whose procurement and security teams evaluate vendors against formal security certification requirements, Ninth Wave’s certification status supports a straightforward vendor assessment process. The certifications confirm that the data transmission infrastructure connecting the bank to Workday meets the security standards enterprise organizations apply to their financial data providers.
Workday’s customer base is concentrated in the upper mid-market and enterprise segments — companies with revenues typically above $250 million and often significantly larger. These are the commercial banking relationships that generate the most deposit volume, the most treasury services revenue, and the most cross-sell opportunity across lending, FX, and payments products.
Enterprise finance teams evaluating banking relationships increasingly include treasury technology connectivity in their assessment criteria. A bank that can deliver statement data directly into Workday — accurately, on schedule, in the format Workday requires — removes a friction point that enterprise treasury teams experience as a genuine operational burden when a direct connection is absent. That capability, when offered proactively, strengthens the commercial banking relationship and reduces the operational case for moving accounts to institutions that offer better data delivery.
Ninth Wave Direct provides the connectivity infrastructure for this integration — handling Workday’s file format requirements, transmission protocols, multi-entity mapping, and ongoing compatibility as Workday releases platform updates — so the bank’s commercial banking and treasury teams can offer enterprise-grade ERP connectivity as a standard part of the product offering.