Professional Services
| Function: | Products: |
| Unified Financial Systems | Workday Adaptive Planning |
Challenge
Following a merger that increased company size by one-third, a global professional services firm grappled with separate ledgers and systems across regions, office types, and currencies. This fragmentation extended its monthly close to 15 days and made financial consolidation slow, error-prone, and lacking drill-down visibility into business segments—hindering the finance team’s ability to act as strategic advisors.
Solution
The firm implemented Workday Adaptive Planning to unify its financial systems and processes:
- Consolidated multiple general ledgers and standalone systems into one integrated environment.
- Enabled drill-down analysis by practice group, office, and currency, and supported multilingual and multi-currency collaboration.
- Reduced time spent gathering data and enabled the finance team to focus on forecasting and advisory work.
Results
- Monthly close time decreased by 750%, shrinking from 15 days to just 2 days.
- 360-degree visibility across ledgers, geographies, and performance dimensions enabled strategic planning.
- The finance team shifted from data collection to proactive analysis, dedicating more time to strategic initiatives like cash flow forecasting and long-term investment guidance (IT, real estate, personnel).