Financial Services
| Function: | Products: |
| Forecasting | Workday Adaptive Planning |
Challenge
A global financial services firm was burdened by a time-consuming, fragmented forecasting process. Forecasts took several weeks to complete, involved multiple disparate systems, and lacked the agility needed for effective headcount and financial planning. This workflow left FP&A teams with limited bandwidth to analyze insights and collaborate effectively with business partners.
Solution
The firm implemented Workday Adaptive Planning to streamline forecasting end-to-end:
- Delivered a single P&L view to unify financial analysis.
- Enhanced headcount forecasting accuracy by centralizing inputs.
- Automated and simplified forecasting workflows.
This modernization accelerated planning cycles and empowered the finance team to engage in higher-value activities.
Results
- Forecast cycle reduced to nine days, significantly faster than previous weekly timelines.
- Greater accuracy in headcount planning, enabling more strategic alignment.
- Improved collaboration: Analysts now spend more time identifying process efficiencies, cutting costs, and having richer conversations with business partners.