乐鱼(Leyu)体育官网

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Agile back office powers growth

乐鱼(Leyu)体育官网 helped a multiline insurer position finance and HR operations on the Workday platform to simplify integration of acquisitions.

Client

A U.S. multiline insurer

Sector

Insurance

Project

Workday finance and HR solutions

Client challenge

For some organizations, mergers and acquisitions (M&A) are one-time events. For others, they鈥檙e a practiced way of life. This U.S. company has used two decades of M&A to add scale and offerings as a multiline insurer. When 乐鱼(Leyu)体育官网 advised the company during its most recent acquisition, its executive team articulated a bold mandate: use the post-merger consolidation to rethink the entire back office as a foundation for continued growth.

乐鱼(Leyu)体育官网 utilized its Powered Enterprise approach to take on the challenge. Simply put, Powered Enterprise is a project approach that includes a pre-configured Workday cloud solution for HCM and ERP based on leading practices. The approach includes all aspects of a client鈥檚 business: process models, controls, organizational model, role descriptions, and performance management鈥攁nd was utilized to create a single cloud-based platform for all of the company鈥檚 HR and finance operations within a year.

乐鱼(Leyu)体育官网 Powered Enterprise prebuilt tools, accelerators, and roadmaps allowed this client to quickly resolve project challenges and successfully transform on a compressed schedule.

Approach

乐鱼(Leyu)体育官网 used Powered Enterprise enabled by Workday technology. 乐鱼(Leyu)体育官网 Powered Enterprise is a thorough approach that combines leading practices and processes, established technology solutions, and next-generation delivery methods. In this case, the 乐鱼(Leyu)体育官网 team used Powered Enterprise enabled technology to resolve our client鈥檚 challenges.

1

We helped the company design its target-state operating model, leveraging preconfigured Workday finance, payroll, and human capital management solutions, tailored to their business model.

2

Migrating the finance and HR operations of two separate organizations to a common Workday cloud platform, the 乐鱼(Leyu)体育官网 team leveraged the Powered Enterprise prebuilt tools, accelerators, and roadmaps to move quickly through generic project challenges and meet deadlines on a compressed schedule.

3

We standardized and simplified business processes for the finance and human resource operations. We also standardized data governance to improve data quality, consistency, and timeliness.

Benefits to client

Combining its Powered Enterprise enabled by Workday approach, 乐鱼(Leyu)体育官网 has delivered an agile 鈥渂ack office of the future" to support and enable a forward-looking growth strategy. Specific benefits are:

1

Two organizations successfully integrated, with minimal disruption, onto a common technology platform designed to scale as the company makes future acquisitions.

2

Business processes for finance, payroll, and human resources standardized, simplified, and streamlined on a single, cloud-enabled Workday platform.

3

Enhanced management reporting put into place to support business strategy based on data that is now more timely, consistent, accurate, and dependable.

4

Company鈥檚 back office set up as an agile center for continuous improvement in business process delivery.

5

Increased insight and analysis for the C-suite and board levels, with human resources and finance positioned as strategic advisors to the business.

乐鱼(Leyu)体育官网 insights

  • Powered Enterprise is technology-agnostic

    Clients who choose Powered Enterprise want the standardization, automation, improved reporting, and predictive analytics it promises. They appreciate that Powered Enterprise adapts to a number of cloud-based solutions, and that 乐鱼(Leyu)体育官网 is deeply versed in all of them.

  • Workday clients want trusted advisors who understand possibilities

    乐鱼(Leyu)体育官网 draws upon a 12-year technology alliance with Workday that includes more than 250 implementations all over the world. We know the company and its solutions very well.

  • The Powered Enterprise approach is built to evolve

    While the components of Powered Enterprise are a powerful distillation of accumulated 乐鱼(Leyu)体育官网 experience and wisdom, 乐鱼(Leyu)体育官网 extracts additional nuanuanced insight from every Powered Enterprise assignment, which is then incorporated back into the framework.

Meet our team

Image of Keith Mattioli
Keith Mattioli
Principal, Advisory, 乐鱼(Leyu)体育官网 US

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