Find a software application to allow deans and managers to view and report on budgets holistically, reduce data integrity issues among managers, and align operational plans with the strategic plans of the university.Result
Adding Workday Adaptive Planning to its Workday Human Capital Management solution made it possible for over 150 users—from academic assistants to deans to vice presidents to the president of the university—to collaborate more effectively. Using real-time budgeting and self-service reporting, the university’s deans can now make strategic planning decisions more readily and look to finance as a value-added partner in this process.Watch Video
Construction management services company.
The complexity of financial drivers across diverse subsidiaries made collaborating on reporting and modeling extremely difficult. Branch Group needed to find a way to simplify and streamline reporting and engage more stakeholders in the process.Result
The Workday Adaptive Planning cube model enabled collaboration between teams at the project level with geographic, product, and subsidiary dimensionality. With Workday Adaptive Planning, Branch Group is now driving multiple 24-month forecasting cycles throughout the year. Operational and financial KPIs are reported to managers using analytics dashboards. Operational decision-makers now have better planning, reporting, and analytical insights, and finance has become a more strategic partner to these managers.
Case management provider.
Like many Workday Adaptive Planning users, the CareStar finance team lived in a spreadsheet nightmare of slow and cumbersome workbooks, sheets, and formulas driven by the executive team. This in turn created a siloed, top-down planning process that didn’t always engage managers.Result
CareStar adopted Workday Adaptive Planning to automate and simplify budgeting and reporting processes. With Workday Adaptive Planning, financial reporting has enabled managers to understand transactions at a detailed level. Additionally, operational data from multiple source systems creates a holistic operational view that includes details such as mileage, assessments, patient census, time reporting, caseloads, IT call center metrics, and software development productivity. CareStar’s understanding of the financial impact of operational decisions has greatly improved thanks to the addition of interactive dashboards and analytics.
Canadian national telecommunications company.
Due to the potential disruption of the rolling forecast process for a critical $1 billion project and the limitations of handling this complexity with multiple manual spreadsheets, TELUS realized it needed to find a more effective, accurate, and efficient solution.Result
With Workday Adaptive Planning, the team can now quickly answer the senior executive team’s questions and drive operational and strategic decisions. The team’s level of accuracy improved significantly to less than 0.5% variance per year—amazing for a $2 billion company.Watch Video
A linear and rotary motion product provider for engineering automation..
Reporting and analysis were costly, with key finance team members spending 40 percent to 50 percent of their time collecting, validating, and formatting data versus analyzing and providing actionable insights.Result
Bishop-Wisecarver adopted Workday Adaptive Planning because it was powerful and enabled non-finance, non-tech users to achieve self-service reporting and analytics and ultimately increase productivity. With Workday Adaptive Planning, Bishop-Wisecarver estimates it has reduced a total of 600 hours in the accounting and finance department alone. The organization has gained a deeper understanding of business performance, resulting in significant operational improvements including the manufacturing shop floor increasing efficiency by about 30 percent and improving returns by 60 percent, sales improving its quote-to-close ratio by 35 percent year over year, and accounting reducing its month-end close cycle by 10 business days to a mere 3 days total.Read Article
San Luis Obispo, CA
Platform for fitness, beauty, and wellness services industries.
As a public company, the Mindbody finance team felt the obligation to ensure tighter controls on budgeting and reduce the human error associated with the manual work of financial planning.Result
Using Workday Adaptive Planning helped Mindbody evaluate scenarios and models for multiple acquisitions, resulting in the company’s growth from $70 million to $250 million in annual revenue. In addition, Mindbody built out extensive operational and financial models that include detailed top-line modeling supported by quota and commissions models. The finance team now creates weekly rolling forecasts and long-term plans, and is now able to highlight and spot trends in the business. Workday Adaptive Planning allows the team to respond quickly when issues arise by providing strategic data that supports overall business objectives.Read Article
Kevin shared the HSS story and his perspective with prospective customers through a video case study and in Plan to Win, the Workday Adaptive Planning definitive guide to modern business planning.
Kevin actively engaged in the Workday Adaptive Planning Torchbearers community—participating in the discussion forum and answering activity challenges.Read Case Study