Man Group had an ageing set of back-office finance and human resources (HR) systems. Functionality updates for these applications were difficult and expensive to test. In addition, lengthy and complex workarounds were sometimes necessary to deliver data to the business. Employees regularly worked from multiple spreadsheets to manage financial planning, leading to delays and necessitating manually intensive control checks to eliminate data inconsistencies.
Man Group brought together its finance, financial planning, and HR processes in one secure system. One version of data flows through every process, speeding up and improving the accuracy of reporting and decision-making. Within just three months of going live with Workday, Man Group completed a restructure, reshuffling ownership structures and operational processes. The flexibility of Workday made this transformation quick and efficient. The firm also needs to budget and forecast as accurately as possible, while remaining flexible throughout the financial year. Having all the relevant data in one place makes these processes easier and more secure compared to when information was held in separate systems and spreadsheets.
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