[US] Strada announces new Workday Marketplace app

The end-to-end payroll, human capital, and financial management solutions provider Strada has announced its new Workday Marketplace app, Automated Annual Comprehensive Financial Report (ACFR). 

ACFR is scheduled for release on the Workday Marketplace in late summer 2025. The app has been purpose-built for US state and local governments to replace time-consuming reporting with intelligent automation, enhancing the speed, accuracy, and consistency of ACFR preparation.  

For the majority of government entities, preparing an ACFR is a legal requirement and central to transparency and compliance with Governmental Accounting Standards Board (GASB) regulations. For many public sector entities, however, the process remains highly manual, prone to errors, and reliant on outdated systems.  

Strada’s Automated ACFR will reportedly directly address such challenges by connecting to Workday Adaptive Planning, helping customers automate data extraction, formatting, and version control. The company says the app will let customers compile all required ACFR content, from financial statements and narrative disclosures to trend data and statistical tables, dramatically reducing manual effort while improving accuracy, consistency, and auditability.   

“With increasing scrutiny on public sector finances, timely and accurate reporting is more important than ever,” Steven Porter - Head of Public Sector Sales at Strada - said. “This new app will empower finance leaders to deliver ACFRs with less manual work, fewer errors, and more confidence in compliance.”  

Automated ACFR will be generally available by the end of 2025. According to Strada, the initial release will deliver robust automation and template-driven reporting capabilities, aligned within established Government Finance Officers Association (GFOA) Excellence in Financial Reporting Program standards and designed to bring immediate, high-impact value to public sector finance teams. 

In addition, Strada is developing embedded AI agents to further enhance the solution, which will debut in early 2026.

The agents will reportedly assist with drafting, editing, and refining complex narrative sections, helping ensure consistency, clarity and compliance year over year.  

“Our vision is to support public sector teams not just with automation, but with intelligent assistance that makes complex reporting faster, clearer, and more consistent,” Mr Porter said. “We want to help these skilled financial professionals focus on insight, not admin and free them from time-consuming, repetitive tasks so they can deliver greater value for their communities.”  

Strada is set to showcase the new Automated ACFR app at the upcoming GFOA Annual Conference (June 29-July 2) in Washington, D.C. 

Source: Strada

(Quotes via original reporting)

The end-to-end payroll, human capital, and financial management solutions provider Strada has announced its new Workday Marketplace app, Automated Annual Comprehensive Financial Report (ACFR). 

ACFR is scheduled for release on the Workday Marketplace in late summer 2025. The app has been purpose-built for US state and local governments to replace time-consuming reporting with intelligent automation, enhancing the speed, accuracy, and consistency of ACFR preparation.  

For the majority of government entities, preparing an ACFR is a legal requirement and central to transparency and compliance with Governmental Accounting Standards Board (GASB) regulations. For many public sector entities, however, the process remains highly manual, prone to errors, and reliant on outdated systems.  

Strada’s Automated ACFR will reportedly directly address such challenges by connecting to Workday Adaptive Planning, helping customers automate data extraction, formatting, and version control. The company says the app will let customers compile all required ACFR content, from financial statements and narrative disclosures to trend data and statistical tables, dramatically reducing manual effort while improving accuracy, consistency, and auditability.   

“With increasing scrutiny on public sector finances, timely and accurate reporting is more important than ever,” Steven Porter - Head of Public Sector Sales at Strada - said. “This new app will empower finance leaders to deliver ACFRs with less manual work, fewer errors, and more confidence in compliance.”  

Automated ACFR will be generally available by the end of 2025. According to Strada, the initial release will deliver robust automation and template-driven reporting capabilities, aligned within established Government Finance Officers Association (GFOA) Excellence in Financial Reporting Program standards and designed to bring immediate, high-impact value to public sector finance teams. 

In addition, Strada is developing embedded AI agents to further enhance the solution, which will debut in early 2026.

The agents will reportedly assist with drafting, editing, and refining complex narrative sections, helping ensure consistency, clarity and compliance year over year.  

“Our vision is to support public sector teams not just with automation, but with intelligent assistance that makes complex reporting faster, clearer, and more consistent,” Mr Porter said. “We want to help these skilled financial professionals focus on insight, not admin and free them from time-consuming, repetitive tasks so they can deliver greater value for their communities.”  

Strada is set to showcase the new Automated ACFR app at the upcoming GFOA Annual Conference (June 29-July 2) in Washington, D.C. 

Source: Strada

(Quotes via original reporting)