Transforming a traditional firm for the modern era
How we made a money manager鈥檚 technology infrastructure as sophisticated as its investment strategies
Client
Wealth manager
Industry
Financial services
Primary Goal
Finance transformation
Technology
Workday
A private mutual funds company was outgrowing its financial systems. While the firm鈥檚 investment strategies were sophisticated, its use of technology was not. 乐鱼（Leyu）体育官网 helped the company transform its finance platform, replacing a dated operating model and processes with a powerful Workday Financial Management engine and then administering the system for the client.
As a systems integrator, 乐鱼（Leyu）体育官网 approaches projects from a leading practices perspective, delivering solutions that enable continuous improvement and scalability, and optimizing systems for each client鈥檚 needs. 乐鱼（Leyu）体育官网 significantly reduced operating costs for the client while expanding platform capabilities, centralizing processes, and enabling the infrastructure for a future-forward culture.
KEY OUTCOMES
Making a measurable difference
- Reduced manual processes through financial modernization and automation
- Replaced reliance on complicated, back-end, Excel-based modeling with a predictive reporting and forecasting Workday framework
- Expanded capabilities and gained operational effectiveness
- Outsourced Software-as-a-Service support and ongoing enhancement responsibilities
Client transformation journey
Click on each part of the journey to learn more about our client鈥檚 transformation.
We began by modernizing and transforming their ERP function. Now we鈥檙e maintaining it. Next, we鈥檒l expand beyond the walls of Workday to give them a secure and cohesive tech stack that supports their ability to evolve and scale. We鈥檝e removed a noncore responsibility, so they can now focus on items that are more impactful to their culture and vision.
Michael Brady
Advisory Managing Director, Enterprise Solutions, 乐鱼（Leyu）体育官网 US
乐鱼（Leyu）体育官网 integrates practice areas to drive transformational change
乐鱼（Leyu）体育官网 marshaled a diverse group of professionals from its Enterprise Solutions and Managed Services teams to develop and implement a holistic solution for the client. As an accounting firm and a systems integrator, 乐鱼（Leyu）体育官网 innately understood the client鈥檚 technical and regulatory requirements. Even more, 乐鱼（Leyu）体育官网 knew how to transform corporate culture. Its demonstrated technology skills, accounting experience, and sector knowledge made 乐鱼（Leyu）体育官网 the winning choice for the client鈥檚 modernization, optimization, and ongoing support 辞产箩别肠迟颈惫别蝉.听
Proposal: Let鈥檚 fix finance
乐鱼（Leyu）体育官网 explained the 鈥渁rt of the possible鈥� that Workday鈥檚 extended functionality and applications enabled鈥攏ot only would it automate processes, but it would expand the client鈥檚 capabilities as well. And it would address and allay two key client concerns: protecting the confidentiality of its highly sensitive proprietary data and controlling data access鈥攖he ability to limit certain information to the appropriate audience.
乐鱼（Leyu）体育官网 defined a roadmap for leveraging Workday to integrate people, processes, and technologies across the company. The proposed solution framework would make it easier to collect, organize, analyze, and distribute information directly to the relevant stakeholders. And, with a secure and centralized data repository, everyone in the organization would be confident of accessing correct, up-to-date, and complete information. Layering in ongoing application support and enhancement from 乐鱼（Leyu）体育官网 would ensure ongoing and effective aid. The client agreed with the vision and proposal.
Implementation: Building the solution
As a Workday alliance partner, 乐鱼（Leyu）体育官网 understood how best to structure the platform鈥檚 features, and how to tailor its capabilities to client stakeholder needs. Workday鈥檚 sophisticated finance modules would automate time-consuming manual tasks, provide deeper insights, and give employees more insight and control in managing their responsibilities.聽
乐鱼（Leyu）体育官网 transferred the backbone of the client鈥檚 financial processing approach鈥攆inancial reporting, financial planning, workforce planning compensation, compliance, and shareholder registry distribution calculations鈥攆rom complicated but isolated spreadsheet models into Workday. In parallel, 乐鱼（Leyu）体育官网 introduced new applications, such as Adaptive Planning, Workforce Planning, and Prism Analytics, into the client鈥檚 framework to facilitate their modernization efforts.
These changes were more than operational; they were cultural as well. They represented the client鈥檚 commitment to a data-driven future. Workday, a platform designed for today鈥檚 mobile workers, did more than expand employee capabilities鈥攊t helped them be more informed and 辫谤辞诲耻肠迟颈惫别.听
Operation: Allowing the client to focus on core competencies
As the client began to understand the scope of Workday鈥檚 capabilities, they realized their incumbent provider organization was not delivering the support and vision required to keep them on the cutting edge of technology. They asked 乐鱼（Leyu）体育官网 Managed Services to take over the administration and servicing of the system. In essence, 乐鱼（Leyu）体育官网 Managed Services became the client鈥檚 de facto finance technology department.
乐鱼（Leyu）体育官网 Managed Services combines advanced technology, functional and sector experience, and leading practices to address knowledge-intensive processes鈥攃ore and noncore鈥攚hile driving strategic priorities across the enterprise. The team is comprised of strong, experienced consultants steeped in all parts of systems integration and maintenance. They leverage this strength in collaborative ways, helping the client understand how to gain full value from their Workday platform.
This methodology not only includes, for example, managing Workday鈥檚 biannual functionality enhancements and determining if there are impacts that need to be assessed, potentially remediated, regression tested, and introduced to the client鈥檚 production environment, but also involves analysis and making business contextual recommendations on what the client should or should not consider implementing, identifying cross-functional impacts, and socializing how changes would complement and affect client objectives for the 蝉测蝉迟别尘.听
Onward: Positioned for tomorrow
Workday is now the client鈥檚 system of record across HR, Payroll, Finance, and FP&A, and the enabling platform for its tech stack and operational objectives. 乐鱼（Leyu）体育官网 will continue to manage the system鈥檚 advanced capabilities, providing the client with financial management and, more importantly, adding value by offering the client greater and deeper insights into their operations than was previously possible.
Meet the team that made the difference for a global money manager
Michael Brady
Advisory Managing Director, Enterprise Solutions, 乐鱼（Leyu）体育官网 US
Susan K. Nara
Advisory Managing Director, Market Growth & Client Success, 乐鱼（Leyu）体育官网 US
Michael Brady
Advisory Managing Director, Enterprise Solutions, 乐鱼（Leyu）体育官网 US
Susan K. Nara
Advisory Managing Director, Market Growth & Client Success, 乐鱼（Leyu）体育官网 US
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