For what purpose are worktags used in Workday?

Worktags play a crucial role in the Workday system by associating various business events with specific enterprise dimensions. This helps in organizing data effectively across the organization. By using worktags, users can streamline the process of searching for relevant data, aggregating information, and generating comprehensive reports that provide insights into different areas of the business.

The ability to categorize data through worktags enhances the flexibility and accuracy of financial reporting and analysis, allowing organizations to make informed decisions based on structured data. This organization of data through worktags supports a wide range of capabilities, making it easier for users to filter and analyze financial transactions in relation to various business aspects.

The other options focus on functionalities that are not the primary purposes of worktags, such as limiting access to transactions, tracking performance metrics, or automating expense report approvals, which involve different mechanisms and features within the Workday system.